We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

2025 Mortgage-Free Wannabes

1…8081828486

Comments

  • Hettyhound
    Hettyhound Posts: 1,099 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    #21 with another November overpayment of £100 so far a total of £230 this month.  Thanks Julicorn 
    SPC #023 SPC 12: £125.86[/COLOUR]: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 ?COLOR="DeepSkyBlue"]MFW #21 Mortgage start Dec 2015 £79,950; Nov 2025 £17,241[/COLOR] 2025 OP £2426.36/COLOR]/£2,000 MFiT T6 #3 £19070/£25,500 (72.82%%) MFiT T7 #3 £4689/£21,930 (21.38%)
  • carboot_karaoke
    carboot_karaoke Posts: 419 Forumite
    100 Posts Second Anniversary Photogenic Name Dropper
    Morning all

    #31 with our first November OP £2,300
    YTD £35,700

    Many Thanks @julicorn

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

    Current Balance £27,200

    MFW 2025 #31 £35,800 / £28,000 OP

    MFIT - T7 £35,800 OP

    0%CC May 2027-  £2,550
    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


  • Shal1160
    Shal1160 Posts: 63 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    Happy November! #29 checking in with an o/p of £103.13 for this month. Thank you Julicorn and everyone for keeping me motivated :smile:
    Mortgage start: Sept 2018 £140,000 (30 years) Sept 2020: £129,131 
    Sept 2021: £121,000 (remortgaged for 22 years), Sept 2022: £111,009, Sept 2023: £101,700, Sept 2024: £94,405, Sept 2025: £85,470
    Current: £84,900 (Oct 25)
    MFW 2025 #29
    Just keep swimming
  • NotWhereIWantToBe
    NotWhereIWantToBe Posts: 115 Forumite
    Fifth Anniversary 100 Posts Photogenic Name Dropper
    #83 with an OP of £505 for October please @julicorn.
    Thank you.
    User name should now read NowWhereIWantToBe  

    Amount overpaid so far £8298 (2022)

    Overpayment ready to add to funds when fixed deal runs out July 2027 £25100


    Mortgage end date when taken out : July 2050
    Mortgage current end date : January 2047

    MFW #83 Overpayments for 2025
    Jan £304 Feb £346 Mar £298 April £344 May £214 June £200 July £200 Aug £227 Sept £400 October £505

    Daily interest £3.34
    Percentage owned 49%
  • MFWannabe
    MFWannabe Posts: 2,493 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    #50 - November overpayment of £103.20
    MFW 2025 #50: £1989.73/£6000

    12/08/25: Mortgage: £62,500.00
    12/06/25: Mortgage: £65,000.00
    07/03/25: Mortgage: £67,000.00
    18/01/25: Mortgage: £68,500.14
    27/12/24: Mortgage: £69,278.38 

    27/12/24: Debt: £0 🥳😁
    27/12/24: Savings: £12,000

    12/08/25: Savings: £12,000



  • HelenaPinky
    HelenaPinky Posts: 44 Forumite
    Third Anniversary 10 Posts Photogenic Name Dropper
    Jessy103 said:
    Hi,

    No. 12 with a final overpayment of £9,650 for October transferred from savings and that means I am now mortgage free!

    Thank you for doing this challenge and helping me achieve my goals.

    Jessy x
    Well done Jessy for achieving your goal!
    HP x
    Mortgage when saw the MSE light 💡: £85,000 (end date 2045)
    2019: £65,638
    💰 2024 Increased mortgage for house move:  £112,000 (end date 2054)
    Current end date: May 2026

    2025MFW #75
  • Jemma01
    Jemma01 Posts: 432 Forumite
    Fourth Anniversary 100 Posts Photogenic Name Dropper
    Jessy103 said:
    Hi,

    No. 12 with a final overpayment of £9,650 for October transferred from savings and that means I am now mortgage free!

    Thank you for doing this challenge and helping me achieve my goals.

    Jessy x

    Brilliant 👍 well done 
    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 = 76.5k (interest rate 4.19%)
  • julicorn
    julicorn Posts: 2,628 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Jessy103 said:
    Hi,

    No. 12 with a final overpayment of £9,650 for October transferred from savings and that means I am now mortgage free!

    Thank you for doing this challenge and helping me achieve my goals.

    Jessy x
    Big congratulations and well done! That's amazing news! <3
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.2K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture