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2026 Mortgage-Free Wannabes

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Comments

  • AgathaSquirrel
    AgathaSquirrel Posts: 371 Forumite
    Fifth Anniversary 100 Posts Photogenic Name Dropper

    No 27 - overpayment of £650 please and thank you.

    2017 - mortgage of £140,000 and interest rate of £10 a day
    Feb 2021 mortgage of £103000
    November 2021 mortgage of £93000
    December 2022 mortgage of £79000
    December 2023 mortgage of £73000
    March 2024 mortgage of £70000
    May 2024 mortgage of £68000
    October 2024 mortgage of £65000
    February 2025 mortgage of £63000
    March 2025 mortgage of £45000 and interest of £6.07 per day
    November 2025 mortgage of £41000 and interest of £5.62 per day
    March 2026 mortgage of £38000 and interest of £5.22 per day
  • Hettyhound
    Hettyhound Posts: 1,198 Forumite
    Seventh Anniversary 1,000 Posts Photogenic Name Dropper

    No 21 with another May over payment of £151. That makes a total of £334 for the month. 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; June 2026 £12,780 2025 OP £2991/£2,000 2026 £2,614/£5,500
    MFiT T6 #3 £19070/£25,500 (72.82%%) MFiT T7 #3 £6070/£21,930 (27.67%)
  • smetf
    smetf Posts: 398 Forumite
    Part of the Furniture 100 Posts Name Dropper Photogenic

    #3 with a May OP of £2,000 bringing us up to our adjusted target for 2026.
    Thanks Julicorn

    S

    Mortgage £32,701.53
    MFW 2022 #35 10,000
    MFW 2023 #3 10,358.97
    MFW 2024 #3 10,000
    MFW 2025 #3 10,000
    MFW 2026 7,384.62/7,384.62
    MFiT-T7 #10 aiming for 16k https://forums.moneysavingexpert.com/discussion/6283332/halving-our-income-and-still-aiming-for-mortgage-free#latest
  • Moneyminded
    Moneyminded Posts: 297 Forumite
    Sixth Anniversary 100 Posts Name Dropper

    #15 with an OP for May of £150. Thanks Julicorn

    • Original mortgage end date: March 2041
    • Current mortgage end date: Dec 2032 
    • MFW 2026 #15 911.16/2400 /// MFW 2025 #15 1628.00/ £2,400 /// MFW 2024 #15 £1,608.85/ £2500 /// MFW 2023 #15 £8,617.84/ £10,000 /// 2022 #15 £7,315.24/ £7250 /// MFW 2021 #15 £8,530.07/ £8500
    • Daily interest is currently £3.48
  • Jessy103
    Jessy103 Posts: 2,689 Forumite
    Ninth Anniversary 1,000 Posts Mortgage-free Glee! Name Dropper

    Hi,

    No.42 with an overpayment of £500 for May.

    Thanks

    🙂

    I've been mortgage free once, so let's do it again!
    Starting balance March 26 £191,274.53
  • NotWhereIWantToBe
    NotWhereIWantToBe Posts: 122 Forumite
    Fifth Anniversary 100 Posts Photogenic Name Dropper

    Hi @julicorn

    Please add £400 for May for #83.

    Many thanks !

    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 £27400


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

    MFW #83 Overpayments for 2026
    Jan £276 Feb £300 March £324 April £323 May £400

    Daily interest £3.27
    Percentage owned 50.2%
  • becksta
    becksta Posts: 2,268 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 31 May at 11:40PM

    #38 here with my May check-in total. I have managed to save £4595.48 this month although this did include a small inheritance courtesy of my late dad.

    This now puts me over my initial target and more excitedly within £2.5k of paying off my mortgage! I'm hoping that I will be able to reach this target by the end of July!!

    Good luck to everyone for June.

    MFW 2022 #88: £6620/£6000
    MFW 2023 #38: £13242.13/£6000
    MFW 2024 #38: £15792.12./£9000
    MFW 2025 #38: £16090.54/£7500
    MFW 2026 #38: £9664.41/£9500

    Thank you to all competition posters
  • ajmoney
    ajmoney Posts: 6,497 Forumite
    Part of the Furniture 1,000 Posts Name Dropper

    Hi Julicorn,

    No 7 with a £400 OP for June. Thanks.

    MFW 2026 No. 7 £2814.62/£5000
    MFiT-T7 No. 6 £9903.49/£30,000
  • pawlala
    pawlala Posts: 1,441 Forumite
    Part of the Furniture 1,000 Posts Name Dropper

    #22 reporting total overpayments for

    May came to £969.58

    Thanks and have a great week everyone!

    Mortgage free I: 8th December 2009!
    Mortgage free II: New Year's Eve 2013!
    Mortgage free III: Est. Dec 2021...
  • Pinkpieuni
    Pinkpieuni Posts: 263 Forumite
    100 Posts First Anniversary Name Dropper Photogenic

    #61, £3,013.83 overpaid - Total for May is now £3,483.19

    @julicorn, is it possible to revise my target down to £27,100? I didn't take into account reduced interest charges in the earlier target. there is only £6k outstanding on the mortgage, meaning we only need to overpay £5.5k to clear the mortgage. 🙏 Thanks.

    Challenges

    NSD - June - 2/10

    1. 2026 Mortgage-Free Wannabes #61 £21,665.01/£27,100, MF target June 2026, current mortgage balance - £5,300

    mortgage @ Jan 2025 - £75,600

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

    3.52 Week Envelope Saving Challenge #2  £106/£1,378 -( 1/52)

    4. EF - £1,742

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