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2025 Mortgage-Free Wannabes
Comments
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Morning everyone,
#23 arriving with a late update.
Feb - £99
Mar - £99
Apr - £99
Total so far (drumroll please) - £427
Slow progress so far but hoping it will improve later in the year.
As always, thank you for all the time you put in to run the challenge @julicorn.
Bounty2025 MFW No:23
MFiT-T7 125 -
#41
savings interest earned bringing April’s total to 557.32. Year to date = 2197.79/5000
thanks @julicorn4 -
Hi, #14 reporting my usual £104 OP for April - should take YTD to £4163
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#35 with another OP of £320.10 for a current April total of £913.05MFWB 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: £54,624.074 -
Hello
#70 with an April overpayment of £158.
YTD total is £1,974.
Thanks Julicorn!
CS xMortgage at Jan 2009 (when house was purchased): £75,000. Mortgage at Jan 2017 (when I was able to start overpaying after 7 year relationship from hell ended): £60,000. Mortgage at April 2025: £16,822
2025 MFW #70: £1,974 / £4,000.
Previous Overpayments: 2024: £2,555. 2023: £2,850. 2022: £3,100. 2021: £2,540. 2020: £3,350. 2019: £1,950. 2018: £250. 2017: £500.
Mortgage freedom can’t come soon enough!3 -
hello, 105 here with Aprils OP - can you put me down for £212.07 please, which will take me to a year to date of £1712.07. managed to reach my target earlier for the year than I expected!. reached my OP limits with the mortgage for the year so won't be able to op any further again until next year.
Good luck everyone on the overpayments for the remainder of the year and well done all for those so far. will be watching this thread to see how we all get on.
thanks again Julicorn for running the challenge again this year.MFW#105 - 2015 Overpaid £8095 / 2016 Overpaid £6983.24 / 2017 Overpaid £3583.12 / 2018 Overpaid £2583.12 / 2019 Overpaid £2583.12 / 2020 Overpaid £2583.12/ 2021 overpaid £1506.82 /2022 Overpaid £2975.28 / 2023 Overpaid £2677.30 / 2024 Overpaid £2173.61 Total OP since mortgage started in 2015 = £37,286.86 2025 MFW target £1700, payments to date at April 2025 - £1712.07..6 -
Hi Julicorn, can you put £725.82 down for me in April #13. Thank you3
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Hi @julicorn, please can you put me down as an OP of £40,100, I'm #40. I paid off my mortgage at the end of March and we're now mortgage free
I've really enjoyed taking part in these yearly MFW challenges for the last nearly 5 years and they've definitely helped me to stay focussed, thanks so much for running them.Mortgage free as of March '25!
£240,000 paid off in 4 years, 8 months and 18 days (July '20-Mar '25)
Mortgage paid off 19 years early.
2025 MFW #40
2025 Goals
Pay off mortgage of £55k for good! - £55k/£55k paid - mortgage free!!!
Keep emergency fund at £10k - £10k/£10k - goal met!
Lose 12 kgs - 3/12 kgs lost so far
Try 1 new activity/experience as a family each month - 0/12 new activities/experiences tried
Decluttering - declutter 500 items from house and outbuildings - 136/500 items so far13 -
eat_that_frog said:Hi @julicorn, please can you put me down as an OP of £40,100, I'm #40. I paid off my mortgage at the end of March and we're now mortgage free
I've really enjoyed taking part in these yearly MFW challenges for the last nearly 5 years and they've definitely helped me to stay focussed, thanks so much for running them.That's amazing, very well done 👏 👏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%)1 -
eat_that_frog said:Hi @julicorn, please can you put me down as an OP of £40,100, I'm #40. I paid off my mortgage at the end of March and we're now mortgage free
I've really enjoyed taking part in these yearly MFW challenges for the last nearly 5 years and they've definitely helped me to stay focussed, thanks so much for running them.1
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