2025 Mortgage-Free Wannabes

julicorn

MFW 2025 - The annual challenge for everyone who would like to track their mortgage overpayments, mortgage payments, or even house-related savings. Feel free to join any time throughout the year.

A very warm welcome to the Mortgage Free Wannabe 2025 thread!

Over the last few years, this challenge has been providing support for everyone who wants to overpay their mortgage, whether it is by a big or small amount. Every little helps, and together we have been overpaying a fantastic amount of money every year over the last few years (even during the pandemic, cost of living crisis and everything else that's been going on in the world - well done everyone!)
Whether you're a brand new mortgage free wannabe, a veteran on the final stretch of the long slog, or someone who has cleared the mortgage and wants to provide some help and encouragement for others, this is for you. The challenge runs from January 1st-December 31st 2025, and you can join or change your target at any time up until December 31st 2025. And if you're expecting to be mortgage-free before then, you're still very welcome. Likewise if you're saving towards something house-related (extension, new OP allowance, etc.).

SPREADSHEET
See how we are all doing on the big MFW 2025 spreadsheet HERE. 

Links to previous challenges are here:

• 2024 mfw
• 2023 mfw
• 2022 mfw
• 2021 mfw
• 2020 mfw
  
• 2019 mfw
  
• 2018 mfw
  
• 2017 mfw
  
• 2016 mfw
  
• 2015 mfw
  
• 2014 mfw
  
• 2013 mfw

TO JOIN
If you've participated in the last few years, please post in this thread by the end of December 2024 saying that you want to take part again and what your goal is for this year. Please also let me know whether you would like to keep your number or whether you don't mind. For everyone who's given an update in the last 6 months, I've reserved your 2024 number for now (unless you paid off your mortgage entirely, in which case well done again!).

For all the new participants, please post on the thread and I will allocate you a number - numbers will be first come, first served.

Bear in mind that the challenge runs for the 2025 calendar year when setting your target. You're welcome to track total payments, overpayments, savings, etc. - whatever motivates you!

UPDATES
To provide progress updates and/or change your target, just post on the thread - I will 'thank' posts when I pick up the update. I do make mistakes from time to time, so if I miss an update or get it wrong then please let me know.

A few requests from me to make keeping track easier:

• When providing updates, please include your MFW2025 number and the month(s) you are updating
• Multiple overpayments in a month are fine and most certainly encouraged, but it will really (really, really) help me if you include a monthly total when reporting updates (e.g. ...another OP of £200, which makes £600 in total for April...)
  
• It's fine to miss a month or two and then provide updates for several months if you prefer, but please make it clear what you want allocating where.
  
• It is helpful for me if you keep a running total for the year in your update post and/or your signature as I can cross-check the spreadsheet against your overall total, but this isn't required at all.

Updates also don't have to be limited to just your stats - a bit of chat and encouragement can be hugely motivating.

Finally: If you spot any mistakes, let me know, and I'll try and fix them ASAP. Similarly, if you have any requests for additional stats/features for the spreadsheet, let me know, and I'll see what can be done.

ajmoney

Hi julicorn,

Thanks for this. Can I keep no 7 please?

For now I am going to go for £1200 again. I am currently diverting more money to savings as the accounts have a better interest rate but I remortgage halfway through the year and there is no way I will get the same kind of rate so the focus will probably change back to the mortgage then.

If you haven't taken part before, please join us. It doesn't matter whether it is a low or high amount, we are at a  different part in our journeys.

smetf

Hi Julicorn and MFW team,

I'm in for next year, happy to keep #3 and will set my target at £10,000. We're due to remortgage at the end of 2025 so hoping to be a few steps closer to mortgage freedom by then, who knows what mortgage rates will look like!

Like @ajmoney says, wherever you are in your journey this really is a supportive place to be!

S x

julicorn

Thanks for signing up @ajmoney and @smetf , I've got that all logged. And absolutely echoing your message, the amount you sign up with really doesn't matter, it's just really nice being part of a group working towards achieving similar goals  

SuperSavingD

I’ve been eagerly awaiting the new thread.  Would like to aim for £3000 next year.  I would love number 5 if still free as it’s my lucky number but understand if already taken.  Thanks Julicorn and Merry Christmas to you all x

Hettyhound

Hi Julicorn, I’m number 21 and would love to take part again.  I’ll aim for £2,000 this coming year please.  Many thanks again for running this challenge 🥰

stuartp2000

Hi Julicorn

thanks for running this again.

I was  #35 this year but happy to change, will leave that to you.

my target will be £14,000 but that will include a one off payment in January of 8k as I remortgage and then normal monthly overpayments if I can.

thanks

anna42hmr

hello, thanks for running it again next year, its much appreciated.  can you put me down for a target of £1700 please.  can I also keep the same number (105) thanks

Jessy103

Hi julicorn,

Thank you for organising this again ❤️

Please can I stick with number 12 and I'm going to go for an ambitious £10,000 overpayment target this year.

Thanks 🙂

Tiredbutdetermined

Could I join for the first time please?
Can I go for a target of £15,000 please?

Symphony101

I'd like to join again please Happy to keep #59! Much lower target for me of £3,000, but will hopefully be achievable!