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2025 Mortgage-Free Wannabes

1515254565769

Comments

  • carboot_karaoke
    carboot_karaoke Posts: 317 Forumite
    100 Posts Second Anniversary Photogenic Name Dropper
    16 - New total for May £2069.72, thanks Julicorn.

    Shrinking balance is making me penny pinch even more, M&S website being down is helping!
    Under 10K !! that's fantastic👏👏👏, keep going your on the home straight

    MFW
    Opening Mortgage Balance 
    16/06/2024 - £99569.04 term remaining 80 months (Feb 2031) 

    Current Balance £36,600

    MFW 2025 #31 £26,400 / £28,000 OP

    MFIT - T7 £26,400 OP

    0%CC May 2027-  £2,400

    Grocery Challenge 
    Jan £387.89 / Feb £ 355.67 / Mar £418.63 / Apr £478.37 / May £426.52 / June £376.18 / July £462.54+£103.32 entertaining / 

    The final countdown to June 2026 - Page 4 — MoneySavingExpert Forum


  • Jessy103
    Jessy103 Posts: 2,257 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Hi,

    No. 12 with an OP of £1541.14 for May.

    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!
  • t4mof
    t4mof Posts: 266 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    #36 with May’s overpayment of £2275.21. 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
  • Mortgage_Minimiser
    Mortgage_Minimiser Posts: 338 Forumite
    Part of the Furniture 100 Posts Name Dropper
    #18 reporting  Maya's OP of £2050, making a total of £4276 for the year. 

    Thanks for keeping us all on track @julicorn !

    MM
    XX
    Mortgage 1 - 01/2/2015 - £243,750 ; Mortgage 01/11/2024 - £132,576.55
    Mortgage 2 - 2019 - £76,600 ; Mortgage 01/10/2024 - £47,763.29
    MFit-T5 - reduce to £140,000 MFiT-T6 - reduce to £110,000

    01/10/2024 Daily Interest - M1 = £18.27 (!!); M2 = £7.41

    Debt at highest point in 24 -£21,344
    Debt 1st November 24 - £16,192.18 24% paid. Focusing on this in earnest!!!
  • soapy50
    soapy50 Posts: 27 Forumite
    Eighth Anniversary 10 Posts Photogenic
    #64 here after many weeks of life getting in the way! I paid one more payment in March of £100 so total for March was £300. No OP in April  :( but £700 OP in May  :)
    MFW 2025 #64: £2950/£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
  • powerspowers
    powerspowers Posts: 1,337 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    #27 with £200 for June please Julicorn
    i think I’m on £1500 - I get a wee bit confused cause I schedule the payments when I get paid but record them in the next month! 
    Sorry Julicorn I don’t know what I’m talking about! £400 in June (£250 regular OP +£150) takes me to £1700 so far
    MFW 2021 #76 £5,145
    MFW 2022 #27 £5,300 
    MFW 2023 #27 £2,000
    MFW 2024 #27 £6,055
    MFW 2025 #27 £2,350 /£5,000


  • AuntieL
    AuntieL Posts: 376 Forumite
    100 Posts Second Anniversary Name Dropper Photogenic
    #45 with an update 

    As my current mortgage term finished at the end of May, I decided to add the money I was using as OP to my monthly payment. This means I have reduced my mortgage term by 2 years to 11 years 😁 

    @julicorn please can I reduce my OP target to £700 for the year. Many thanks. 
    Reporting a June OP of £24 
    Debt-free journey started August 2023. DF 02/09/2024 🥳 (except mortgage)
    August 2025 NSD Challenge 6/18

    MFW 2025 #45
    Jan 2016 Mortgage = £149,895
    Current outstanding = £97,725
    2024 Overpayment = £675.66
    2025 Overpayment = £593/£700
  • SuperSavingD
    SuperSavingD Posts: 569 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    #5 reporting another £84.00 for May, total now £324 for May’s total.

    Thanks Julicorn
  • amydoll83
    amydoll83 Posts: 28 Forumite
    Ninth Anniversary 10 Posts
    hi #67 May's overpayment was £331.49

    slowly chipping away at the £2k target, should reach it. 
    MFW 2025 Op challenge = number 67
    £729/£2000

    Little and often, that's the key. IYKYK  
  • seventh88
    seventh88 Posts: 129 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Hi no.39 here with June payment of £486, bringing the total to 2548. Thanks @julicorn
     Debt = £8017/£8017 (100% paid - cleared 26th August 2020) Boiler Fund = £2500/£2500 (100% saved - 26th August 2021)Emergency fund = £5000/£5000 (100% saved - 5th Jan 2025) | Mortgage  = £112,153/£132,469 (15% paid)

    Goal for 2025:
    1) MFW £3905/£3000



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