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Plan 55

mulchymurph
mulchymurph Posts: 24 Forumite
Seventh Anniversary Combo Breaker
in Mortgage-free wannabe

Howdy all!

We've recently moved to our forever home and we are determined to be mortgage free by my 55th birthday (September 2033).

We've got a fair bit to play with monthly and will be adopting overpayments and maybe savings accounts? We're using all of the cashback and survey sites going! :)

I am loving reading everyone's diaries and hoping that you join along with us. We're here to learn and listen and get rid of this mortgage once and for all!

The details:
Mortgage Plan Summary
Mortgage started: 2 March 2026
Original mortgage: £205k
18 year term Fixed at 3.96% for 3 years (to May 2029)
Standard payment: £1,324.30
Current mortgage balance: £201,435
Goal: mortgage-free by Sept 2033 (my 55th)
Stretch goal: husband’s 55th in May 2032

Love you bye x

Plan 55
Mortgage start: £205,000 (02/03/26)
Mortgage now: £201,435 (18/05/26)

Comments

  • beanielou
    beanielou Posts: 99,826 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!

    Happy shiny new diary.

    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.
  • Viking_mfw
    Viking_mfw Posts: 784 Forumite
    Eighth Anniversary 500 Posts Name Dropper

    Welcome to a new diary!

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