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2025 Mortgage-Free Wannabes

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Comments

  • carboot_karaoke
    carboot_karaoke Posts: 397 Forumite
    100 Posts Second Anniversary Photogenic Name Dropper
    Congratulations @t4mof 🎊 👏🏽 🥳 

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

    Current Balance £29,600

    MFW 2025 #31 £33,400 / £28,000 OP

    MFIT - T7 £33,400 OP

    0%CC May 2027-  £2,600
    0% Loan £694.68
    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 / Aug £294.38+83.83 entertaining /Sept £328.93 / Oct £381.10 

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


  • julicorn
    julicorn Posts: 2,617 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    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)
    Absolutely amazing news, congratulations! How are you feeling? <3
  • Sammie_1985
    Sammie_1985 Posts: 30 Forumite
    Sixth Anniversary 10 Posts
    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)
    Amazing! Well done. Must be such an amazing feeling. Enjoy being mortgage free 🙌🏼
  • t4mof
    t4mof Posts: 270 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    julicorn said:
    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)
    Absolutely amazing news, congratulations! How are you feeling? <3
    A bit weird at the moment. It’s been my no.1 financial focus for such a long time. Next month will seem odd. And we can start saving more 🙌
    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
  • Chili81
    Chili81 Posts: 50 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    Well done t4mof. Reading these posts keeps the rest of us going!

    £338 for oct for me please (#11) 
    Thanks as always JC
  • Jemma01
    Jemma01 Posts: 429 Forumite
    Fourth Anniversary 100 Posts Photogenic Name Dropper
    Happy Halloween 🎃 👻 

    #46 can I please put 4k for November? Thanks 

    On the 25th of October, I celebrated 1 year in my new home 🤗, I paid 50% of my mortgage, and met my target for this challenge 🤩. Another year to go...

    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 = 92.2k (interest rate dropped from 4.44% to 4.19%)
    • Q4/2025 = 81.9k (interest rate 4.19%)
  • jennystarpepper
    jennystarpepper Posts: 819 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    £504.93 - For October please Julicorn. 

    I'm still scraping the pennies up. 

    Many thanks.
    MFW - 01.10.21 £63761   01.10.22 £50962   01.10.23 £39979   01.10.24 £27815. 01.01.25. £17538
    01.03.25 £14794.    01.04.25 £12888
    01.05.25. £11805. 12.05.25  £9997   05.06.25  £8898. 
     01.07.25. £7975  01.08.25 £6968 01.09.25 £5956. 01.10.25 £4979

  • RedFraggle
    RedFraggle Posts: 1,453 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 31 October at 4:40PM
    RedFraggle said:
    #87
    Reporting £1000 for September 
    #87 Reporting £2200 for October
    @julicorn
    Officially in a clique of idiots
  • amydoll83
    amydoll83 Posts: 31 Forumite
    Ninth Anniversary 10 Posts
    edited 31 October at 4:51PM
    Hi Julicorn,

    #67 reporting for October (early for the first time ever!)

    Total for October was £410.25

    Thanks

    MFW 2025 Op challenge = number 67
    £729/£2000

    Little and often, that's the key. IYKYK  
  • pawlala
    pawlala Posts: 1,435 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 1 November at 10:03AM
    #22 reporting total overpayments for

    October came to £888.03

    Thanks and have a great weekend everyone!  Target reached B
    Mortgage free I: 8th December 2009!
    Mortgage free II: New Year's Eve 2013!
    Mortgage free III: Est. Dec 2021...
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