2025 Mortgage-Free Wannabes

Tiredbutdetermined

#8 
Starting the year slowly so my only overpayment for January will be my standard £83.22 overpaid as part of my monthly direct debit.
February will likely be a tiny one but then I am hoping to get everything boosted up for the rest of the year!

MudgePudge987654321

Initially overpay by maximum allowed, being 10%, but I'm actually targeting paying in full when my fix ends in October. 

I've worked hard to overpay most years with FIRE in my eyes

A_Random_Man

Could I join please @julicorn I took my first mortgage out in May but now want to focus on paying down the mortgage my target for the year is £1250, I'm happy with any number thanks 

Forgot to add currently at £29.30 in overpayments 

julicorn

MudgePudge987654321 said:

Initially overpay by maximum allowed, being 10%, but I'm actually targeting paying in full when my fix ends in October. 

I've worked hard to overpay most years with FIRE in my eyes

Ok, I get what you're saying but it doesn't technically give me your overpayment target because I don't know how much your regular payments, interest and so on are, if you see what I mean? 
I've put down £9,650 for now as the 10% placeholder, but let me know what figure you want me to put down for the whole year when you get a chance. You've got #47. 

julicorn

A_Random_Man said:

Could I join please @julicorn I took my first mortgage out in May but now want to focus on paying down the mortgage my target for the year is £1250, I'm happy with any number thanks 

Forgot to add currently at £29.30 in overpayments 

Welcome to the challenge! You've got #49

Chili81

Hi julicorn,
Can you put down an OP of £315 for January.

Thanks 

Chili

here_for_the_tips

Sign up for this and boom, one cracked crown on a front tooth, will post a Jan overpayment after the dentist on the 27th

Simobla1

I'd love to join again - I was number 56 last year.  I will set a target of £4k.  I have re-balanced slightly and intend to add more to savings instead, but still want to pay-down the mortgage a bit.  So far I have £339 OP to add to January.  Sx

julicorn

Simobla1 said:

I'd love to join again - I was number 56 last year.  I will set a target of £4k.  I have re-balanced slightly and intend to add more to savings instead, but still want to pay-down the mortgage a bit.  So far I have £339 OP to add to January.  Sx

Today is your lucky day, 56 is still available. Got that all logged now  

uzubairu

Hi julicorn,
uzubairu requesting to join the 2025 challenge.
Last year's overpayments have taken balance into the teens (saving in a separate savings account as we have a fix of 1.1% until December 2026.

Target for 2025 = £3,500

January 2025 overpayment = £350

I will take the next available number.