Our Journey to Mortgage Freedom by 2030 🏡💪

MoneySavvyMum

Hi everyone,

I’ve been reading lots of inspiring posts here and thought it was time to start my own little diary to keep myself accountable (and hopefully help others who are on the same path!).

A bit of background:

• We bought our house in 2022, borrowing just over £400k on a 5-year fix at 2.4%.

• We originally wanted something smaller and more of a “doer-upper” to keep the mortgage lower, but the market was crazy competitive, so we stretched a bit further than planned.

• We decided to keep our old flat and rent it out, thinking it would help cover future expenses. With all the landlord rule changes and tax shifts, that decision has been… a mixed bag 😅 But the flat more or less pays for itself, so we’re hanging on and hoping for some long-term appreciation.

From 2022 to early 2024, we just made the standard £1.4k per month payments. Then our lives changed — we welcomed our first baby in early 2024 👶.

While I was on maternity leave, we dropped payments slightly to keep things comfortable. But after returning to work in November 2024, we had a big chat about what we really wanted — and we set ourselves a bold goal: Mortgage Free by 2030.

Since then, we’ve been on a mission!

• Feb 2025: increased payments from £1.4k to £3.4k per month

• Spring–Summer 2025: realised our living expenses were still too high, so we got serious about cutting bills, trimming subscriptions, and reviewing everything.

• Sep 2025: pushed our overpayments even further — now paying £5k per month (£3.5k overpayment + £1.4k standard).

We’re now fully committed and (fingers crossed 🤞) on track to clear the mortgage within the next 5 years!

There’s still a long road ahead — childcare costs, maintenance, maybe another fixed-rate period to navigate — but it feels so empowering to see the numbers finally moving down quickly.

I’ll use this diary to track our progress, share updates, and maybe pick up some tips from those who’ve already smashed their goals.

Wish us luck! 💫
MoneySavvyMum

MoneySavvyMum

As of Monday 3 Nov - we're currently at £330,000 ... 
That being said its probably going to be a very expensive Christmas, but we'll try to keep costs low as best as we can 

beanielou

Happy shiny new diary.