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2025 Mortgage-Free Wannabes

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Comments

  • save_dog
    save_dog Posts: 34 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Hi @julicorn, could I join for this year with an annual target of £6,000, please? Ambitious for us but I'm determined to do it! I don't mind what number I am.

    First overpayment made of £231. Thank you! :)
    Mortgage: £349,995.13 as at beginning of January 2026

    Daily interest at beginning of January 2026: £34.93
  • Owen1991
    Owen1991 Posts: 78 Forumite
    Eighth Anniversary 10 Posts
    edited 2 January 2025 at 1:18PM
    We've just moved home and now have £188,714 on our new mortgage, looking to sign up to keep me motivated with overpayments. Please can I join the list with a target of £6000 for the year.
    Mortgage Start - £188,714 | Current Mortgage - £184,118 | Overpayments Made - £825
  • Pinkpieuni
    Pinkpieuni Posts: 256 Forumite
    100 Posts First Anniversary Name Dropper Photogenic
    edited 2 January 2025 at 12:52PM
    #61  £100 overpayment made today.
    Thanks, Pink

    Challenges

    NSD - April - 12/10

    1. 2026 Mortgage-Free Wannabes #61 £18,733.06/£29,000, MF target June 2026, current mortgage balance - £9,969.36

    mortgage @ Jan 2025 - £75,600

    2. Loan  - Jan 2026 £1,029.22 - bal £0- fully paid 

    3.52 Week Envelope Saving Challenge #2  £106/£1,378 -( 1/52)

    4. EF - £842

  • stuartp2000
    stuartp2000 Posts: 191 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Hi
    renewal is ready so I have as planned paid off 8k off the balance, this has reduced off term by 3 years,
    Will Now return to a much more realistic monthly overpayment but aim for the full 10 each year.

    #6 Jan £8,000

    Challenges
    MFW 2026 #6 - 975/2,500

    Completed Challenges
    MFW 2025 #6 - 14,871.56/14,000
    MFW 2024 #35 - 9,000/9,000
    Pay off all debts by 2023 - #18 8,000 / 8,000

  • MFWannabe
    MFWannabe Posts: 2,562 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    julicorn said:
    MFWannabe said:
    Kicking off the New year with an overpayment 😁
    #50 - Jan - £57 
    You definitely win some sort of award for the earliest new year overpayment I remember seeing! :D 
    😂😂😂 I was eager 🤩 

    MFW 2026 #50

    Mortgage:

    04/04/26: £33,500 

    07/03/26: £34,418.15

    16/01/26: £56,794.25
    02/01/26: £60,223.17

    12/08/25: Mortgage: £62,500.00
    12/06/25: Mortgage: £65,000.00
    07/03/25: Mortgage: £67,000.00
    18/01/25: Mortgage: £68,500.14
    27/12/24: Mortgage: £69,278.38 

    Savings: £20,000




  • julicorn
    julicorn Posts: 2,703 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Owen1991 said:
    We've just moved home and now have £188,714 on our new mortgage, looking to sign up to keep me motivated with overpayments. Please can I join the list with a target of £6000 for the year.
    Congratulations on your new home! You've got #25 for this year's challenge :) 
  • Moneyminded
    Moneyminded Posts: 295 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    #15 checking in with my first OP of 2025, £128
    Thanks Julicorn
    • Original mortgage end date: March 2041
    • Current mortgage end date: Dec 2032 
    • MFW 2026 #15 573.30/2000 /// MFW 2025 #15 1628.00/ £2,400 /// MFW 2024 #15 £1,608.85/ £2500 /// MFW 2023 #15 £8,617.84/ £10,000 /// 2022 #15 £7,315.24/ £7250 /// MFW 2021 #15 £8,530.07/ £8500
    • Daily interest is currently £3.48
  • IndianaDR
    IndianaDR Posts: 6 Forumite
    First Anniversary Photogenic Name Dropper First Post
    Hi @julicorn
    Thanks for your help in keeping us all together !
    I am planning to overpay £10000 by end of March 2025.
    Mortgage renewal coming up end of April 2025.
    Could you add me to this thread please?
    Any number OK!
    Thank you!!
  • fjireland
    fjireland Posts: 53 Forumite
    Second Anniversary 10 Posts
    #80

    First Op of year - £1000

    Getting a big one in now before the bills start rolling ! 
    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 
  • Bounty123
    Bounty123 Posts: 228 Forumite
    Seventh Anniversary 100 Posts Photogenic Name Dropper
    #23 stopping by.
    First overpayment of the year: £130!
    A slow start but hope to pick up speed in the second half of the year after having some work done on the house.
    As always, thank you for running @julicorn.
    Bounty
    2026 MFW No:23
    MFiT-T7 12
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