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2025 Mortgage-Free Wannabes

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Comments

  • Symphony101
    Symphony101 Posts: 22 Forumite
    Sixth Anniversary 10 Posts
    #59 checking in with a £500 overpayment for February please :)!
    Total: £1,000
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    #35 with a small £8 OP for a £717.36 February total. A lot of messages but I'll forget if I don't add ASAP. Let's see what's left in the current account at the end of the month.
    Absolutely zero need to apologise for posting lots of updates, they're fab! :) 
  • ajmoney
    ajmoney Posts: 6,466 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    julicorn said:
    And with you all posting some hefty overpayments over the last week or so, I'm pleased to report we've passed the £100k hurdle - the current overpayment total is £106,773.11, to be exact! Well done everyone <3 

    Wow, great start to the year.
    MFW 2025 No. 7 £1130/£1200
    MFiT-T7 No. 6 £2873.51/£30,000
  • Lauraebrad
    Lauraebrad Posts: 185 Forumite
    Part of the Furniture 100 Posts Name Dropper
    edited 26 February at 10:01PM
    Hi @julicorn - February update for #30.  Feb OP £410.  YTD £600.  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

    over payments 2025 = £1,390/£1,500 /// invested 2025 = £900/£1,500 = TOTAL (YTD) £2,290/£3,000
  • #35 with a final £320 for the month for a February total of £1,037.36
    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
  • 16 - 1705.03 for February please.

    Think I'm on the final countdown now, no idea if I can clear the mortgage by end of the year, will have a good bash at it.
    I'm going through a run of, repairs, replacements and huge dental bills, was online clothes shopping today and have gone back to the basket and deleted everything but 1 thing, sale or not, next year I keep telling myself. 

    Keep going everyone. 
    MFW - 01.10.21 £63761   01.10.22 £50962   01.10.23 £39979   01.10.24 £27815. 01.01.25. £17538
    01.03.25 £14794.    01.04.25 £12888
    01.05.25. £11805. 12.05.25  £9997   05.06.25  £8898. 
     01.07.25. £7975  01.08.25 £6968

  • Jemma01
    Jemma01 Posts: 397 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    edited 27 February at 4:33PM
    16 - 1705.03 for February please.

    Think I'm on the final countdown now, no idea if I can clear the mortgage by end of the year, will have a good bash at it.
    I'm going through a run of, repairs, replacements and huge dental bills, was online clothes shopping today and have gone back to the basket and deleted everything but 1 thing, sale or not, next year I keep telling myself. 

    Keep going everyone. 

    I feel you, I've got a huge Amazon basket, some things I need, others I can do without and I'm delaying the purchase until I need everything and remove the stuff I added to get free shipping 😭
    Hopefully you'll smash it this year and enjoy your cash next year, not far to go
    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 = 98.5k (interest rate dropped from 4.44% to 4.19%)
  • t4mof
    t4mof Posts: 266 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    #36 for Feb - £2227.81.

    Interest rate has decreased so a little bit more coming off the capital 🙌

    Thanks @julicorn
    CC Debt at LBM Nov 08 - £25000+ DFD Dec 2012
    Second DFD May 2021
    Starting my MFW journey: Opening Balance: £138,000; July 2019: £135107.33; July 2024 £52974.60; July 2025 £11140.23
    2025 MFW #36
  • amydoll83
    amydoll83 Posts: 28 Forumite
    Ninth Anniversary 10 Posts
    edited 28 February at 1:12PM
    67 here!

    Not sure my total for last month was updated yet (or I just didn't update is the most likely case)!

    January total OP'd £183.40
    February total OP'd £133.54

    Total so far this year £317.56


    MFW 2025 Op challenge = number 67
    £729/£2000

    Little and often, that's the key. IYKYK  
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