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MF Wannabe - Sights firmly set on 2030 - Mortgage Free!
MFWannabe
Posts: 2,563 Forumite
Morning everyone
Have been reading everyone’s diaries here and have decided to start my own to live up to my name! 😃
I officially have 11 years left on our mortgage but aiming to have it paid off by 2030
Current mortgage debt is £69,278.38 and our lovely low interest rate ends in Dec 2025 😰
Who knows what it will be then 🙄
We currently overpay by a £100/ month and aiming to save to make an overpayment when the low rate ends
This morning I paid off our other debts from savings to start 2025 afresh and to concentrate on savings and mortgage (While still enjoying life but debt free!)
Have been reading everyone’s diaries here and have decided to start my own to live up to my name! 😃
I officially have 11 years left on our mortgage but aiming to have it paid off by 2030
Current mortgage debt is £69,278.38 and our lovely low interest rate ends in Dec 2025 😰
Who knows what it will be then 🙄
We currently overpay by a £100/ month and aiming to save to make an overpayment when the low rate ends
This morning I paid off our other debts from savings to start 2025 afresh and to concentrate on savings and mortgage (While still enjoying life but debt free!)
MFW 2026 #50
Mortgage:
04/04/26: £33,500
07/03/26: £34,418.15
16/01/26: £56,794.25
02/01/26: £60,223.17
12/08/25: Mortgage: £62,500.00
12/06/25: Mortgage: £65,000.00
07/03/25: Mortgage: £67,000.00Mortgage:
04/04/26: £33,500
07/03/26: £34,418.15
16/01/26: £56,794.25
02/01/26: £60,223.17
12/08/25: Mortgage: £62,500.00
12/06/25: Mortgage: £65,000.00
18/01/25: Mortgage: £68,500.14
27/12/24: Mortgage: £69,278.38
Savings: £20,000
4
Comments
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Happy shiny new diary.How much will you have to OP each month to reach your goal?I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** in ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger.
One debt remaining. Home improvement loan. 19months left.0 -
Approx £400 a month but that will of course be dependent on how much I overpay when the current fix ends in Dec 25 and how much the interest rate will be thenMFW 2026 #5007/03/25: Mortgage: £67,000.00
Mortgage:
04/04/26: £33,500
07/03/26: £34,418.15
16/01/26: £56,794.25
02/01/26: £60,223.17
12/08/25: Mortgage: £62,500.00
12/06/25: Mortgage: £65,000.00
18/01/25: Mortgage: £68,500.14
27/12/24: Mortgage: £69,278.38
Savings: £20,0000 -
That’s a really exciting goal @MFWannabe, I look forward to to hearing more about your journey. All the bestDebt = £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 = £88,102/£132,469 (33% paid)Goal for 2026:1) MFW £3221/£36001
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Exciting times ahead for you! xDebt Remaining: £8,781.53
3 Month EF: £1,000/£4,494
2025 MFW Challenge #9: £999.00/£4,0000 -
No New Year’s resolutions from me as I gave up making those a long time ago!Some intentions from me going into the New Year:
Make more time for myself
Look after myself better, eating, exercise, overall health wise
Build savings back up so I feel more comfortable with the amount and hopefully to pay a chunk off when we reach end of fix late this yearMFW 2026 #5007/03/25: Mortgage: £67,000.00
Mortgage:
04/04/26: £33,500
07/03/26: £34,418.15
16/01/26: £56,794.25
02/01/26: £60,223.17
12/08/25: Mortgage: £62,500.00
12/06/25: Mortgage: £65,000.00
18/01/25: Mortgage: £68,500.14
27/12/24: Mortgage: £69,278.38
Savings: £20,0003 -
They sound like really sensible intentions to aim for. All the best with them
happy new year to you 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 = £88,102/£132,469 (33% paid)Goal for 2026:1) MFW £3221/£36002 -
Happy new year to you. Great goals for 2025. xDebt Remaining: £8,781.53
3 Month EF: £1,000/£4,494
2025 MFW Challenge #9: £999.00/£4,0001 -
Good luck MFWannabe...we'll be cheering you on at the sidelines. All the best CrazyBee XX1
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happy new year from a new mortgage free wannabe.
great 2025 goals!
good luckMFW December 2026
Initial mtg £100,000 Jan 2021January 2026 £53,450
February £52,880
March. £52,320, £52,300
April £51,750 £51,740
May £51,196.
Final payment made balance £0
mortgage free part II.1
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