We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

2025 Mortgage-Free Wannabes

1…1516182021…95

Comments

  • soapy50
    soapy50 Posts: 35 Forumite
    Eighth Anniversary 10 Posts Name Dropper Photogenic
    #64 with overpayments of £200 so far in January. Thankyou 😊
    MFW 2025 #64: £4350/£5000
    Mortgage January 2025 £31,598
    Mortgage February 2025 £30,519
    Mortgage March 2025 £29,427
    Mortgage April 2025 £28,731
    Mortgage May 2025 £27,351
    Mortgage June 2025 £26393
    Mortgage July 2025 £25,395
    Mortgage August 2025 £24,215
    Mortgage September 2025 £22,606
    Mortgage December 2025 £19,887
    Mortgage January 2026 £0 - officially mortgage free!! 
  • SuperSavingD
    SuperSavingD Posts: 599 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    Hi All

    Great to make a start for 2025!

    #5 £268/£3000

    £100 OP and decided to send £168 to a new saver with Principality BS at 8% AER for 6 months as the mortgage I’m currently overpaying is 3.99%. Only opened today, so I thought I’d share incase anyone else interested in one.  

    Thanks Julicorn
  • becksta
    becksta Posts: 2,263 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    #38 here with an overpayment of £4,600.  My mortgage rate of 1.48% finishes in June so I am using some savings to try to pay off as much of the the 10% overpayment allowance before the rate ends.  

    Hoping to make a further payment from extra money earned later in the month
    MFW 2022 #88: £6620/£6000
    MFW 2023 #38: £13242.13/£6000
    MFW 2024 #38: £15792.12./£9000
    MFW 2025 #38: £16090.54/£7500

    Thank you to all competition posters
  • here_for_the_tips
    here_for_the_tips Posts: 145 Forumite
    100 Posts First Anniversary Photogenic Name Dropper
    #35 with a top up of £567.80 based on expected expenditure this month, £772.80 so far in January. 
    MFWB 2025 #35: £11,150.81 / £10,000
    MFWB 2026 #35 £0 / £10,000
    Prolific 2025 £294.34 / £500
    MFWB Diary
    Mortgage 1 Jan 2025: £63,215.87
    Mortgage 1 Jan 2026: £50,602.60
  • Jemma01
    Jemma01 Posts: 513 Forumite
    Fifth Anniversary 100 Posts Photogenic Name Dropper
    #46 with 2k overpayment for January
    I'm FTB, not an expert, all my comments are from personal experience and not a professional advice.
    Mortgage debt start date = 11/2024 = 175k (5.19% interest rate, 20 year term)
    • Q4/2024 = 139.3k (5.19% -> 4.94%)
    • Q1/2025 = 125.3k (4.94% -> 4.69%)
    • Q2/2025 = 108.9K(4.69% -> 4.44%)
    • Q3/2025 = 92.2k   (4.44% -> 4.19%)
    • Q4/2025 = 44k      (4.19% -> 3.94%)
    • Q1/2026 = 42k      (3.94%)
  • V3cash
    V3cash Posts: 349 Forumite
    Eighth Anniversary 100 Posts Name Dropper Photogenic
    edited 17 January 2025 at 6:57AM
    hi, I’ve only just joined and missed the date to join this, will it be run again or could you squeeze me in ???

    MFW May 2027

    £92.80 left to pay from 10% 
    overpayment allowance, (May 26).
    End fix on 2.79% July 27 // MFW AIM July 2027

    Mortgage  free Aim July 2027.
    July 25 £57,000, £56950
    August 25 £56,400
    September £55,850/£55,800
    October £55,195
    November £54,600, £54,562.
    December £54,000
    January 2026 £53,450




  • julicorn
    julicorn Posts: 2,680 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    V3cash said:
    hi, I’ve only just joined and missed the date to join this, will it be run again or could you squeeze me in ???
    There's no 'date to join', you can join any time this year. It's all explained in the first post as well. If you give me your target I'll assign you a number. 
  • Sistergold
    Sistergold Posts: 2,146 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Hello everybody, nice to start paying into our new challenge. Kicking off with an op of £110 for January. 
    Oh this is #10 MFW 
    thanks again @julicorn 🌺
    Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
    Mortgage start date first week of July 2019,
    Mortgage term 23yrs(end of June 2042🙇🏽♀️), 
    Target is to pay it off in 10years(by 2030🥳). 
    MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
    £12K in 2021 #54 (in 2020 #148)
    MFiT-T6#27
    To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
    Am a single mom of 4. 
    Do not wait to buy a property, Buy a property and wait. 🤓
  • Lauraebrad
    Lauraebrad Posts: 197 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Hi @julicorn - first update of the year for #30 please.  Jan total is £190.  Thank you!

    Aiming for mortgage free by September 2030

    Balance 1.1.20 - £69,701.80
    Balance 1.1.21 - £63,699.80
    Balance 1.1.22 - £57,762.80
    Balance 1.1.23 - £53,074.20
    Balance 1.1.24 - £47,902.00
    Balance 1.1.25 - £44,141.20
    Balance 1.1.26 - £40,312.20

    over payments 2026 = £30/£1,200 /// invested 2026 = £150/£1,800 = TOTAL (YTD) £180/£3,000
  • A_Random_Man
    A_Random_Man Posts: 1,167 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    edited 17 January 2025 at 2:35PM
    #49 Just made a small additional payment of £8.70, I get paid mid month so I've just transferred over the remains over, this takes me to £45.08

    Mortgage Amount Outstanding £116,682.20
    2025 Mortgage-Free Wannabes #49 £1401.29/£1,250 (104.74%/100.00%)
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.1K Banking & Borrowing
  • 254K Reduce Debt & Boost Income
  • 454.8K Spending & Discounts
  • 246.2K Work, Benefits & Business
  • 602.3K Mortgages, Homes & Bills
  • 177.8K Life & Family
  • 260.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture