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2025 Mortgage-Free Wannabes

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  • becksta
    becksta Posts: 2,201 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Hello!  #38 here.  I'd love to join the challenge again in 2025 with a target of £7,500.

    I re-mortgage in June so won't know how much I can overpay until I understand what the new interest rate will be so going for a lower target initially.
    MFW 2022 #88: £6620/£6000
    MFW 2023 #38: £13242.13/£6000
    MFW 2024 #38: £15792.12./£9000
    MFW 2025 #38: £7167.14/£7500

    Thank you to all competition posters
  • Hi @julicorn can I sign up again? I’m going cautious this year aiming for £1200 only 
    Small OPs are better than no OPs
    Start date - Feb 2018 £231,000 / Apr 2042
    July 2025 £116,950 / Dec 2025
    MFW #60…. Back in for 2025!
  • Sorry forgot to say I’m #26 at the moment. Would love to stay there but let me know 
    Small OPs are better than no OPs
    Start date - Feb 2018 £231,000 / Apr 2042
    July 2025 £116,950 / Dec 2025
    MFW #60…. Back in for 2025!
  • Thanks for running the thread again Julicorn. I would like to joing the 2025 challenge  :) I was #66 previously and my target for 2025 is £3000. Good luck everyone. 
    Mortgage-free wannabe 2025 £571/3000
  • julicorn
    julicorn Posts: 2,586 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Please can I join for this year @julicorn?
    I would like to shoot for £10k. It’s ambitious but I’d like to give it a shot. Thank you!

    Absolutely, welcome to the challenge! :) You've got #53. 

    Hi, can I sign up for this challenge with an ambitious £5000 target please? I’ve previously taken part in this challenge but can’t remember my number after missing a couple of years.

    thanks Julicorn
    Merry
    Welcome back! You've got #58 for 2025. 
  • julicorn
    julicorn Posts: 2,586 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    becksta said:
    Hello!  #38 here.  I'd love to join the challenge again in 2025 with a target of £7,500.

    I re-mortgage in June so won't know how much I can overpay until I understand what the new interest rate will be so going for a lower target initially.
    That's all logged, thanks for taking part again!

    Hi @julicorn can I sign up again? I’m going cautious this year aiming for £1200 only 
    Of course you can! Your old number has been taken but I've given you #60 for this one :).   

    becky170 said:
    Thanks for running the thread again Julicorn. I would like to joing the 2025 challenge  :) I was #66 previously and my target for 2025 is £3000. Good luck everyone. 
    Thank you for taking part again, that's all logged :).  
  • Can I join please? Target total is £38,000 comprising of 10% allowable overpayment of £7,500 and £31,000 to be put away to allow us to be MF towards the end of next year.   We hope to achieve it by carrying out need vs want assessment through out the year, thnks to the new found MSE financial knowledge. No wasting money in 2025.

    Challenges

    NSD July- 15/10

    Pay off all your debts by Christmas 2025 #7 £6,500/£6,500 - All gone, paid off.

    52 Week Envelope Saving Challenge #7  £848/£1,378 -(32/52)

    The Save £12k in 2025 challenge #4 £12,317/£30,500

    2025 Mortgage-Free Wannabes #61 £13,852/£38,000 (mortgage offset)

    Mortgage -  Jan 2025 £75,600- current bal £66,136 Target  MF (Jun 26) 338 days.

    Loan  - Jan 2025 £4,095 - Current balance £2,309

    "Look after the pennies and the pounds will look after themselves"

  • Hi @julicorn please can I join again as #30 again if possible!  Target £2400 as this year.  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 = £1,220/£1,500 /// invested 2025 = £750/£1,500 = TOTAL (YTD) £1,970/£3,000
  • Thank you @julicorn 🎉
    Small OPs are better than no OPs
    Start date - Feb 2018 £231,000 / Apr 2042
    July 2025 £116,950 / Dec 2025
    MFW #60…. Back in for 2025!
  • Sistergold
    Sistergold Posts: 2,135 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Thank you @julicorn

    Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
    Mortgage start date first week of July 2019,
    Mortgage term 23yrs(end of June 2042🙇🏽♀️), 
    Target is to pay it off in 10years(by 2030🥳). 
    MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
    £12K in 2021 #54 (in 2020 #148)
    MFiT-T6#27
    To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
    Am a single mom of 4. 
    Do not wait to buy a property, Buy a property and wait. 🤓
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