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2024 Mortgage-Free Wannabes

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Comments

  • anna42hmr
    anna42hmr Posts: 2,890 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Hello, number 105 here, please can you put me in for a May overpayment please, for £174.94.  This will take me to a year to date of £925.03.  

    Also realised when updating the numbers, this means I am down to my last £20K left on the mortgage! So fingers crossed it will be able to be paid off by the end of 2026, which thanks to the overpaying will have shaved around 8 years off the mortgage.   As i am already paying off the 10% over the year i am allowed to pay off, have been squirrelling away some extra money in premium bonds with the intention of cashing them in to pay mortgage off when there is enough in there. 

    well done everyone on the over payments and thanks again for running the challenge Julicorn
    MFW#105 - 2015 Overpaid £8095 / 2016 Overpaid £6983.24 / 2017 Overpaid £3583.12 / 2018 Overpaid £2583.12 / 2019 Overpaid £2583.12 / 2020 Overpaid £2583.12/ 2021 overpaid £1506.82 /2022 Overpaid £2975.28 / 2023 Overpaid £2677.30 / 2024 Overpaid £2173.61 Total OP since mortgage started in 2015 = £37,286.86 2025 MFW target £1700, payments to date at April 2025 - £1712.07..
  • t4mof
    t4mof Posts: 266 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    #45 for May.

    Overpayment for this month was £4023.92.

    DH salary has increased so can pay more off a month and mortgage company have reduced minimum payments due to overpayments so that £23.92 each month will increase too as I'm not decreasing my usual monthly payment :smile: And another £10k barrier gone through so the mortgage now starts with a 5!

    As usual, thanks Julicorn.
    CC Debt at LBM Nov 08 - £25000+ DFD Dec 2012
    Second DFD May 2021
    Starting my MFW journey: Opening Balance: £138,000; July 2019: £135107.33; July 2024 £52974.60; July 2025 £11140.23
    2025 MFW #36
  • uzubairu
    uzubairu Posts: 1,207 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Home Insurance Hacker!
    edited 2 June 2024 at 9:33PM
    No: 37 reporting

    March = £240
    April = £274.10
    May = £300
    June = £400

    thanks @julicorn
  • smetf
    smetf Posts: 362 Forumite
    Part of the Furniture 100 Posts Name Dropper Photogenic
    Morning all,
    OP monthly payment of £534.56 for June paid today.
    Thanks @julicorn
    Emergency fund 13.5k Home/ holiday fund 6.5k Mortgage £45,614
  • gih
    gih Posts: 55 Forumite
    Second Anniversary 10 Posts Name Dropper
    #57 here with OP of £411.37 for June.
    Thanks Julicorn!
  • Shal1160
    Shal1160 Posts: 60 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    Happy June fellow MFWs!
    #29 with £90.85 overpayment for June, hoping to overpayment a bit more in July when my regular saver account matures and interest comes through. Thank you Julicorn! :smile:
    Mortgage start: Sept 2018 £140,000 (30 years) Sept 2020: £129,131 
    Sept 2021: £121,000 (remortgaged for 22 years), Sept 2022: £111,009, Sept 2023: £101,700, Sept 2024: £94,405
    Current: £86,450 (Jul 25)
    MFW 2025 #29
    Just keep swimming
  • CrowdieSaver
    CrowdieSaver Posts: 109 Forumite
    Part of the Furniture 100 Posts Academoney Grad Combo Breaker
    Hi,

    #49 with a better late than never overpayment update as follows:
    April: £150
    May: £150
    June: £150

    Thanks Julicorn

    CS x
    Mortgage at Jan 2009 (when house was purchased): £75,000. Mortgage at Jan 2017 (when I was able to start overpaying after 7 year relationship from hell ended): £60,000. Mortgage at April 2025: £16,822
    2025 MFW #70: £1,974 / £4,000.
    Previous Overpayments: 2024: £2,555. 2023: £2,850. 2022: £3,100. 2021: £2,540. 2020: £3,350. 2019: £1,950. 2018: £250. 2017: £500.
    Mortgage freedom can’t come soon enough!
  • powerspowers
    powerspowers Posts: 1,337 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    #27 £500 for June please Julicorn x
    MFW 2021 #76 £5,145
    MFW 2022 #27 £5,300 
    MFW 2023 #27 £2,000
    MFW 2024 #27 £6,055
    MFW 2025 #27 £2,350 /£5,000


  • Jessy103
    Jessy103 Posts: 2,256 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Hi, 

    No.12 with an overpayment amount of £388.11 for May.

    Thanks 🙂
    Mortgage Balance as of July 2025 £14,900.
    Starting Mortgage Balance (June 2019) £72,000.
    Aiming to be mortgage free by my 40th birthday, June 2026!
  • Lauraebrad
    Lauraebrad Posts: 185 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Hi @julicorn - an update from #30 for May.
    May OP 220.  YTD £1230

    Thanks!!

    Aiming for mortgage free by September 2030

    Balance 1.1.20 - £69,701.80
    Balance 1.1.21 - £63,699.80
    Balance 1.1.22 - £57,762.80
    Balance 1.1.23 - £53,074.20
    Balance 1.1.24 - £47,902.00
    Balance 1.1.25 - £44,141.20

    over payments 2025 = £1,390/£1,500 /// invested 2025 = £900/£1,500 = TOTAL (YTD) £2,290/£3,000
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