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2025 Mortgage-Free Wannabes

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  • Lauraebrad
    Lauraebrad Posts: 185 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Hi @julicorn - early August update for #30.  August OPs = £320 bringing YTD to £2290
    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
  • soapy50
    soapy50 Posts: 27 Forumite
    Eighth Anniversary 10 Posts Photogenic
    edited 9 August at 1:01PM
    Forgot to update on here for a while  😬 #64 £1050 paid off the mortgage since last post. £450 for June, £400 for July, £200 so far in August 😇
    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
  • AuntieL
    AuntieL Posts: 373 Forumite
    100 Posts Second Anniversary Name Dropper Photogenic
    #45
    Reporting a £29 OP for August
    Debt-free journey started August 2023. DF 02/09/2024 🥳 (except mortgage)
    August 2025 NSD Challenge 1/18

    MFW 2025 #45
    Jan 2016 Mortgage = £149,895
    Current outstanding = £97,725
    2024 Overpayment = £675.66
    2025 Overpayment = £593/£700
  • pawlala
    pawlala Posts: 1,432 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    #22 reporting total overpayments for

    July came to £233.86

    Thanks and have a great week everyone!  B
    Mortgage free I: 8th December 2009!
    Mortgage free II: New Year's Eve 2013!
    Mortgage free III: Est. Dec 2021...
  • debtfreewannabe321
    debtfreewannabe321 Posts: 9,428 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Aug OP was £200 for me, I don't think I've been on here to say it? 
    MORTGAGE BALANCE when we moved Aug 2024, £120,000. January 1st £118,267.06. May 1st, £116, 123, June 1st, £115,536, New mortgage added for extension- £165,000 July 1st!
    Mortgage Overpayments - September-December, £152.46. J- £103.27, F- £115, M- £91.50, A- £100, M- £200, J- £200. J- £200. Aug-£200.
    Total- £1362.23
    Goal pay off 1% of current mortgage in 1 year. £1650

    EF- first goal £300
    https://forums.moneysavingexpert.com/discussion/6496485/buying-a-little-piece-of-middle-england#latest
  • Jemma01
    Jemma01 Posts: 392 Forumite
    Fourth Anniversary 100 Posts Name Dropper

    #46 can I please update August payment to 5000 total for the month

    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 = 98.5k (interest rate dropped from 4.44% to 4.19%)
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