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2025 Mortgage-Free Wannabes

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Comments

  • Hettyhound
    Hettyhound Posts: 1,142 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    Hello number 21 with another October overpayment of £50.  That makes a total October OP of £363.23.  Thanks Julicorn
    SPC #023 SPC 12: £125.86; SPC 13: £214.98; SPC 14: £297.41; SPC 15: £237.27; SPC 16: £335.39; SPC 17: £662.09 SPC 18: £660.03; SPC 19 ?
    MFW #21 Mortgage start Dec 2015 £79,950; Jan 2026 £16,343 2025 OP £2991/£2,000 2026 £110/£5,500
    MFiT T6 #3 £19070/£25,500 (72.82%%) MFiT T7 #3 £5587/£21,930 (25.47%)
  • hellosupernova
    hellosupernova Posts: 100 Forumite
    Third Anniversary 10 Posts
    #19 September 25 overpayments £250

    Thanks Julicorn 
    Mortgage Free Wannabe
    Mortgage free aim date (set Dec 23): 2030 or earlier
    Mortgage free wannabe starting figure: £73,576.96
    Current Mortgage Figure: £53,301.28

    Mortgage end date with no overpayments: 20th July 2037
    Mortgage end date with overpayments: 1st Jan 2030

    Goal 1   10k off mortgage balance by 31st March 2024           Achieved
    Goal 2   60k mortgage balance by 30th September 2024        Got to £62,999
    Goal 3   10k off mortgage balance by 31st March 2025               Achieved
  • smetf
    smetf Posts: 382 Forumite
    Part of the Furniture 100 Posts Name Dropper Photogenic
    A further £100 OP made today, bringing my total for October to £836.62
    Thanks,
    S (#3)
    Mortgage £39,933
    MFW 2022 #35 10,000
    MFW 2023 #3 10358.97
    MFW 2024 #3 10000
    MFW 2025 #3 10000
    MFW 2026 1236.62/4100
    MFiT-T7 #10 aiming for 16k https://forums.moneysavingexpert.com/discussion/6283332/halving-our-income-and-still-aiming-for-mortgage-free#latest
  • Mortgage_Minimiser
    Mortgage_Minimiser Posts: 347 Forumite
    Part of the Furniture 100 Posts Name Dropper
    =18 checking in. October is a standard non-commission month so just the rounded up mortgage payments for me of £8.50.

    I've noticed that in September i reported £7.74 - it should be £8.74 (every little helps!)

    YTD total of £4802.98

    Thanks J!

    MM
    X
    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!!!
  • seventh88
    seventh88 Posts: 153 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Hi, thanks for doing this challenge, I can't believe we're closing in on the end of the year now. 

    Number 39: My OP for Nov is 681, bringing the total to 5832 - still can't believe it!! Wow. Thanks and well done everyone, keep going 
     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) | MFW Goal 2025: £6429/£3000 | Mortgage  = £88,519/£132,469 (33% paid)

    Goal for 2026:
    1) MFW £472/£3600





  • longestgame
    longestgame Posts: 28 Forumite
    10 Posts First Anniversary Name Dropper
    #34, reporting £1267 for October, making it £4317 YTD. 

    Thank you, Julicorn, for all your work on keeping us going.
    2026 MFW OPs: 0/6000
    EF: 6500/10000
    Penny challenge: 22.99/668
    Holiday fund: 4/3000
  • SuperSavingD
    SuperSavingD Posts: 603 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    #5 

    September £60.00 
    October £211.79

    Thanks Julicorn and well done to everyone, some great OP’s from everyone.
  • Pinkpieuni
    Pinkpieuni Posts: 212 Forumite
    100 Posts First Anniversary Name Dropper Photogenic
    #61 additional £7,277.23 paid today, October is now £13,217.82 

    Challenges

    NSD - January  - 3/10

    1. 2026 Mortgage-Free Wannabes #61 £1,129 /£29,000, MF target May 2026, current mortgage balance - £28,756

    mortgage @ Jan 2025 - £75,600

    2. Loan  - Jan 2026 £1,029.22 - bal £0- fully paid 

    3.52 Week Envelope Saving Challenge #2 £/£1,378 -( /52)

  • Jemma01
    Jemma01 Posts: 515 Forumite
    Fifth Anniversary 100 Posts Photogenic Name Dropper
    t4mof said:
    #36 with my final overpayment of the year because this one has cleared the balance!! I am officially mortgage free!! Honestly never thought I’d see the day. £138000 gone. 

    £6511.70 for October  B)

    That's amazing, congratulations 🎉🎉👏👏
    I'm FTB, not an expert, all my comments are from personal experience and not a professional advice.
    Mortgage debt start date = 11/2024 = 175k (5.19% interest rate, 20 year term)
    • Q4/2024 = 139.3k (5.19% -> 4.94%)
    • Q1/2025 = 125.3k (4.94% -> 4.69%)
    • Q2/2025 = 108.9K(4.69% -> 4.44%)
    • Q3/2025 = 92.2k   (4.44% -> 4.19%)
    • Q4/2025 = 44k      (4.19% -> 3.94%)
    • Q1/2026 = 42k      (3.94%)
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