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2025 Mortgage-Free Wannabes

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Comments

  • save_dog
    save_dog Posts: 32 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: £363,959.10 as at beginning of November 2024 (re-start of diary following house move)

    Next goal: sub £360k by March 2025

    Daily interest at end of November 2024: £36.25
  • Owen1991
    Owen1991 Posts: 77 Forumite
    Eighth Anniversary 10 Posts
    edited 2 January at 12:18PM
    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 | Overpayments Made - £0
  • Pinkpieuni
    Pinkpieuni Posts: 182 Forumite
    100 Posts Name Dropper Photogenic
    edited 2 January at 11:52AM
    #61  £100 overpayment made today.
    Thanks, Pink

    Challenges

    NSD - Oct 15/10

    Pay off all your debts by Christmas 2025 #7 £6,500/£6,500 - All gone, paid off.

    52 Week Envelope Saving Challenge #7  £1,378/£1,378 -(52/52)

    The Save £12k in 2025 challenge #4 £12,317/£30,500

    2025 Mortgage-Free Wannabes #61 £34,501.82/£38,000

    Mortgage -  Jan 2025 £75,600-Current bal £38,627.54 Target  MF (Jun 26) 240 days.

    Loan  - Jan 2025 £4,095 - Current balance £1,799.89

    "Look after the pennies and the pounds will look after themselves"

  • stuartp2000
    stuartp2000 Posts: 184 Forumite
    Tenth Anniversary 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 2025 #6 - 14871.56/14,000

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

  • MFWannabe
    MFWannabe Posts: 2,488 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 2025 #50: £1989.73/£6000

    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 

    27/12/24: Debt: £0 🥳😁
    27/12/24: Savings: £12,000

    12/08/25: Savings: £12,000



  • julicorn
    julicorn Posts: 2,617 Forumite
    Seventh 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: 290 Forumite
    Fifth 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 2025 #15 £2878.00/ £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 £4.48
  • IndianaDR
    IndianaDR Posts: 4 Newbie
    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: 52 Forumite
    10 Posts First Anniversary
    #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: 100 Forumite
    Sixth 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
    2025 MFW No:23
    MFiT-T7 12
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