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2025 Mortgage-Free Wannabes

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  • Sandyra
    Sandyra Posts: 293 Forumite
    Tenth Anniversary 100 Posts Name Dropper Cashback Cashier
    #32 back, adding another £300 to Feb OP to make it £815.63 please. Due to remortgage in May so I’ll probably do most of my OP before that to reduce monthly payment.

    MFW 2025 #32 £4,926.23/£3,000; MFW 2024 #32 £4,217.84/£3,000; MFW 2023 #32 £5,238.84/£4,000; MFW 2022 #32 £8,246.43/£8,000; MFW 2021 #32 £8,982.73/£8,000; MFW 2020 #32 £12,000/£6,000

    Save £12k in 2025 #48 £11,200/£14,000; Save £12k in 2024 #26 £13,055.37/£6,000; Save £12k in 2023 #31 £11,500/£6,000; Save £12k in 2022 #32 £7,180.24/£7,000; Save £12k in 2021 #32 £9,500/£8,000; Save £12k in 2020 #147 £9,370/£8,000

  • RedLipstick
    RedLipstick Posts: 106 Forumite
    100 Posts First Anniversary Name Dropper
    #51 with February OP of £226.53, thank you!

    Mortgage: £173,700 Sep 22  £160,920 Apr 25

    MF Date: Sep 52 Mar 52


    2025 Goals:

    1) EF2 #84 £4000/£10000

    2) Pay off all your debts by Christmas 2025 #34 £2,400 to go

    3) MFW25 #51 £1628.22/£5000

    MFiT-T7 #5

  • BridgetTheCat
    BridgetTheCat Posts: 143 Forumite
    100 Posts Photogenic Name Dropper
    #41
    Savings interest received, bringing February’s total to £542.44

    Year to date: £1100.67/5000
  • A_Random_Man
    A_Random_Man Posts: 1,167 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    #49 £15 op taking my yearly total to £112.43

    Mortgage Amount Outstanding £116,682.20
    2025 Mortgage-Free Wannabes #49 £1401.29/£1,250 (104.74%/100.00%)
  • DarumaDoll
    DarumaDoll Posts: 6 Forumite
    Name Dropper First Post
    @julicorn please put in £100 as a first payment for Feb #62 
  • #35 with a £419.61 overpayment
    MFWB 2025 #35: £8,255.12 / £10,000
    Prolific 2025 £277.46 / £500
    MFWB Diary
    Mortgage 1 Jan 2025: £63,215.87
    Mortgage 1 Feb 2025: £61,655.16
    Mortgage 1 Mar 2025: £60,635.55
    Mortgage 1 Apr 2025:  £59,422.35
    Mortgage 1 May 2025: £58,164.35
    Mortgage 1 June 2025: £57,055.79
    Mortgage 1 July 2025: £55,918.13
    Mortgage 1 August 2025: £54,624.07
  • Jemma01
    Jemma01 Posts: 391 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    Hi Julicorn

    #46 please add £6160 for Feb.

    Thanks
    Note:
    I'm FTB, not an expert, all my comments are from personal experience and not a professional advice.
    Mortgage debt start date = 25/10/2024 = 175k (5.44% interest rate, 20 year term)
    Q4/2024 = 139.3k (5.19% interest rate)
    Q1/2025 = 125.3k (interest rate dropped from 5.19% - 4.69%)
    Q2/2025 = 108.9K (interest rate 4.44%)
    Q3/2025 = 99.9k (interest rate dropped from 4.44% to 4.19%)
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    #35 with a £419.61 overpayment
    Hi there, could you please include your monthly total as well in your updates? It makes it lots easier for me to update - in this instance, for example, I can't quite tell if 419.61 is your new total for the month of in addition to the ones before, but I've assumed 'in addition' for now. Either way, including the total for the month makes my updates a lot easier :)
  • DarumaDoll
    DarumaDoll Posts: 6 Forumite
    Name Dropper First Post
    Hi @julicorn. #62 here - please could you add another February payment of £1015.29? This will bring the monthly total to £1115.29. Thank you! 
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