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2024 Mortgage-Free Wannabes

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  • SuperSavingD
    SuperSavingD Posts: 569 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    anonymous12124 said:
    We did it!!!  Mortgage Free today!!!

    So we had £12,350 on our remaining balance. We are allowed to put 10% in without any fee, which left us owing approximately £2000. The fee on the £2000 I calculated to be no more than £40.

    But to be sure with everything, I called up the mortgage lendor and got the final figure to pay off and be free and they said £12402.34 and I said thank you very much. Paperwork and debit closures etc all to be completed within 2 weeks.

    We bought our home in Dec 2016, since then we've had 2 more kids and a whole bunch of challenges and nightmares like anyone else but we persevered and today we are finally free.



    How amazing, enjoy your new mortgage freedom.  Would love to be in your position.  Congratulations 🥂 
  • powerspowers
    powerspowers Posts: 1,337 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    Congratulations @anonymous12124 enjoy your freedom!! 
    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


  • powerspowers
    powerspowers Posts: 1,337 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    #27 with £250 for October please Julicorn 
    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


  • NotWhereIWantToBe
    NotWhereIWantToBe Posts: 108 Forumite
    Fourth Anniversary 100 Posts Photogenic Name Dropper
    #83 with an OP of £304 for September.
    Thanks @julicorn. 
    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 £23968


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

    MFW #83 Overpayments for 2025
    Jan £304 Feb £346 Mar £298 April £344 May £214 June £200 July £200

    Daily interest £3.37
    Percentage owned 48.5%
  • Simobla1
    Simobla1 Posts: 63 Forumite
    Second Anniversary 10 Posts Name Dropper
    #56 here with an October overpayment of £1,700.  
    Save £12k in 2025
    #36 2025: Target £15k / £9,498
    #39 2024:     Target £10k / £13,623 (exceeded)
    #39 2023: Target £3k / £4,415 (exceeded)

    MFW member No.56
    2025 Overpayment Target £4k / £2,875.32
    2024 Overpayment Target £7k / £7,683 (exceeded)
    2023 Overpayment Target £5k / £9,358 (exceeded)
    Mortgage total May ‘23: £119,202. Jan ‘25: £96,098.  Current June '25 £92,751
    Pay-off: 1st April ‘34, 1st Sept ‘33, 1st May '33, 1st April '33, 1st March '33, 1st Aug '32, 1st  Sept '31

    MFiT-T7 #15
    Target £70k
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Tartan_Mum said:
    #26 skulking in very, very shame faced. 

    I’m afraid I’ve had a disaster of a year. Rate jumps and personal issues. This month I only managed a £75 overpayment (which was psychological more than anything else)

    I will get nowhere close to my target this year but I’ll try to hit £500 before the end of the year 
    We completely understand, life has its ups and downs like that! I've amended your target x
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Nintud said:
    Very late to the party, but would like to join for the remainder of 2024 if possible.

    i started making daily repayments in August, not much, but enough to chip off a month to my mortgage free day (Originally March 2041… when I will be 70 🤦‍♀️).  Mainly debt repayment focused at the moment, but seeing a couple of quid come off my mortgage each day is keeping me motivated for the looooong road ahead.
    Of course you can! Can you just let me know your target for this year and if you like the total overpayments you've made already, so I can allocate you a number? :)
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    And congratulations @anonymous12124 !
  • Shal1160
    Shal1160 Posts: 60 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    Hi all and happy October! #29 checking in with an Oct overpayment of £57.67. 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
  • ajmoney
    ajmoney Posts: 6,466 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    No 7 with an OP of £100 for October. Thank you julicorn 
    MFW 2025 No. 7 £1130/£1200
    MFiT-T7 No. 6 £2873.51/£30,000
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