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2024 Mortgage-Free Wannabes

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Comments

  • Mortgage_Minimiser
    Mortgage_Minimiser Posts: 351 Forumite
    Part of the Furniture 100 Posts Name Dropper
    #18 dropping in.

    £501 OP for June. 

    Many thanks @julicorn
    Mortgage 1 - 01/2/2015 - £243,750 ; Mortgage 01/11/2024 - £132,576.55
    Mortgage 2 - 2019 - £76,600 ; Mortgage 01/10/2024 - £47,763.29
    MFit-T5 - reduce to £140,000 MFiT-T6 - reduce to £110,000

    01/10/2024 Daily Interest - M1 = £18.27 (!!); M2 = £7.41

    Debt at highest point in 24 -£21,344
    Debt 1st November 24 - £16,192.18 24% paid. Focusing on this in earnest!!!
  • julicorn
    julicorn Posts: 2,739 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Thanks so much for your updates everyone, especially to everyone who's come back to submit their updates for the last few months <3 Our current total is £196,622.16, nice and close to £200k :) 
  • Mortgage_Minimiser
    Mortgage_Minimiser Posts: 351 Forumite
    Part of the Furniture 100 Posts Name Dropper
    =18 with another OP for June of £501

    Total OPS £2526.76

    Many thanks @julicorn

    MM
    X
    Mortgage 1 - 01/2/2015 - £243,750 ; Mortgage 01/11/2024 - £132,576.55
    Mortgage 2 - 2019 - £76,600 ; Mortgage 01/10/2024 - £47,763.29
    MFit-T5 - reduce to £140,000 MFiT-T6 - reduce to £110,000

    01/10/2024 Daily Interest - M1 = £18.27 (!!); M2 = £7.41

    Debt at highest point in 24 -£21,344
    Debt 1st November 24 - £16,192.18 24% paid. Focusing on this in earnest!!!
  • SeekingFlight
    SeekingFlight Posts: 220 Forumite
    Tenth Anniversary 100 Posts Name Dropper
    @julicorn

    £500 OP for June made
    #5 Make £2026 in 2026 £1701.11/£2026
    #63 Mortgage Free Wannabe 2026 OP £7300/£38,100
    Decluttering Campaign 78/2026
    "Remember not to do too many things at once" said me to herself.
  • HappyFriday05
    HappyFriday05 Posts: 42 Forumite
    Third Anniversary 10 Posts Name Dropper
    #42 with a £500 overpayment made to get me back on track :) 
    mortgage amount as at March 24: £164,467
    mortgage end date as at March 24: Jan 2046

    2024 overpayments £769/£1000

    Daily interest rates: £8.16/£3.37


  • Mortgage_Minimiser
    Mortgage_Minimiser Posts: 351 Forumite
    Part of the Furniture 100 Posts Name Dropper
    edited 23 June 2024 at 10:52AM
    #18 with another June payment - £507.28, making a total of £1509.28 this month, and £3034.04. 

    Hopefully matches your figures - thanks @julicorn!

    MM
    X
    Mortgage 1 - 01/2/2015 - £243,750 ; Mortgage 01/11/2024 - £132,576.55
    Mortgage 2 - 2019 - £76,600 ; Mortgage 01/10/2024 - £47,763.29
    MFit-T5 - reduce to £140,000 MFiT-T6 - reduce to £110,000

    01/10/2024 Daily Interest - M1 = £18.27 (!!); M2 = £7.41

    Debt at highest point in 24 -£21,344
    Debt 1st November 24 - £16,192.18 24% paid. Focusing on this in earnest!!!
  • fjireland
    fjireland Posts: 53 Forumite
    Second Anniversary 10 Posts
    #80 £1600 op for June ;) 
    June 2017 - £295k mortgage/htb 
    June 2020 - £270k mortgage/htb
    Dec 2021 - £228k mortgage 
    Dec 2022 - £195k mortgage 
    Dec 2023 - £162.5k mortgage 
    Dec 2024 - £140k mortgage 
    Dec 2025 - Target - £130k mortgage 
  • Sandyra
    Sandyra Posts: 340 Forumite
    Part of the Furniture 100 Posts Name Dropper Cashback Cashier
    #32 here

    £293.76 for May please. 

    MFW 26 #32 £4,854.66/£6,000; MFW 25 #32 £9,594.51/£3,000; MFW 24 #32 £4,217.84/£3,000; MFW 23 #32 £5,238.84/£4,000; MFW 22 #32 £8,246.43/£8,000; MFW 21 #32 £8,982.73/£8,000; MFW 20 #32 £12,000/£6,000

    Save £12k in 2026 #32 £12,625/£18,000; Save £12k in 2025 #48 £20,000/£14,000; Save £12k in 2024 #26 £13,055.37/£6,000; Save £12k in 2023 #31 £11,500/£6,000; Save £12k in 2022 #32 £7,180.24/£7,000; Save £12k in 2021 #32 £9,500/£8,000; Save £12k in 2020 #147 £9,370/£8,000

  • SuperSavingD
    SuperSavingD Posts: 714 Forumite
    Sixth Anniversary 500 Posts Name Dropper
    #46. Junes overpayments total £195.00.  Hoping to meet the target possibly next month but still going to send any bits I can.  
  • NotWhereIWantToBe
    NotWhereIWantToBe Posts: 124 Forumite
    Fifth Anniversary 100 Posts Photogenic Name Dropper
    Hi @julicorn #83 with a £200 OP for June. 
    Barely scraping these together at the moment must stop spending !

    User name should now read NowWhereIWantToBe  

    Amount overpaid so far £8298 (2022)

    Overpayment ready to add to funds when fixed deal runs out July 2027 £27800


    Mortgage end date when taken out : July 2050
    Mortgage current end date : January 2047

    MFW #83 Overpayments for 2026
    Jan £276 Feb £300 March £324 April £323 May £400 June £400

    Daily interest £3.25
    Percentage owned 50.3%
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