📨 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

1444547495069

Comments

  • A_Random_Man
    A_Random_Man Posts: 1,167 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    #49 £46 op taking my yearly total to £1309.29

    Mortgage Amount Outstanding £116,682.20
    2025 Mortgage-Free Wannabes #49 £1401.29/£1,250 (104.74%/100.00%)
  • timeism0ney
    timeism0ney Posts: 143 Forumite
    Eighth Anniversary 100 Posts Photogenic Name Dropper
    edited 24 April at 11:23PM
    I would like to join, please. I have done some initial calculations and first steps, but still have loads of questions and things to figure out. So far I've requested and got online access to my mortgage account, and it was helpful to see the up-to-date outstanding balance. I plan to call the mortgage provider tomorrow and check that any overpayments I make will result in reduced term rather than reduced future payments. I will also ask how I'm supposed to track that I'm not going over the allowed 10% in a calendar year. Will then start overpaying. Ideally planning to clear the balance in 5 years time through a combination of overpayments and savings. My target for the remaining months of this year is £22K.
  • V3cash
    V3cash Posts: 301 Forumite
    Eighth Anniversary 100 Posts Name Dropper Photogenic
    #68 with an Op of £100
    April total 🟰 £101.47

    2025-26 MFW Target #68 £13,500

    £378.07 left to pay from 10% overpayment allowance, (July26).

    Mortgage  free Aim July 2027.
    July 25 £57,000, £56950
    August 25 £56,400

    house improvement/holiday £2500/5000

    Barclaycard £5800 (0%) Deal ends April 2026

  • jackieblack
    jackieblack Posts: 10,518 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    #4 reporting my regular OP of £115 for April
    Many thanks, as always, julicorn 👏🏻
    2.22kWp Solar PV system installed Oct 2010, Fronius IG20 Inverter, south facing (-5 deg), 30 degree pitch, no shading
    Everything will be alright in the end so, if it’s not yet alright, it means it’s not yet the end
    MFW #4 OPs: 2018 £866.89, 2019 £1322.33, 2020 £1337.07
    2021 £1250.00, 2022 £1500.00, 2023 £1500, 2024 £1350
    2025 target = £1200, YTD £9190
    Quidquid Latine dictum sit altum videtur
  • Jessy103
    Jessy103 Posts: 2,257 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Hi,

    No.12 with an total overpayment of £1,240.22 for April.

    Thanks 🙂
    Mortgage Balance as of July 2025 £14,900.
    Starting Mortgage Balance (June 2019) £72,000.
    Aiming to be mortgage free by my 40th birthday, June 2026!
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    I would like to join, please. I have done some initial calculations and first steps, but still have loads of questions and things to figure out. So far I've requested and got online access to my mortgage account, and it was helpful to see the up-to-date outstanding balance. I plan to call the mortgage provider tomorrow and check that any overpayments I make will result in reduced term rather than reduced future payments. I will also ask how I'm supposed to track that I'm not going over the allowed 10% in a calendar year. Will then start overpaying. Ideally planning to clear the balance in 5 years time through a combination of overpayments and savings. My target for the remaining months of this year is £22K.
    Welcome to the challenge! You've got #74 :)
  • SuperSavingD
    SuperSavingD Posts: 569 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    #5 £165.71 total for April.

    Well done to everyone with their OP’s.

    Thanks Julicorn 
  • V3cash
    V3cash Posts: 301 Forumite
    Eighth Anniversary 100 Posts Name Dropper Photogenic
    Hi, could I please add £390.07 to my April OP
    Makes it £491.54 so far

    2025-26 MFW Target #68 £13,500

    £378.07 left to pay from 10% overpayment allowance, (July26).

    Mortgage  free Aim July 2027.
    July 25 £57,000, £56950
    August 25 £56,400

    house improvement/holiday £2500/5000

    Barclaycard £5800 (0%) Deal ends April 2026

  • SuperSavingD
    SuperSavingD Posts: 569 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    #5

    Can I please add another £100 to my Aprils payment taking April to £265.71.

    Thanks Julicorn
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
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K 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.