2018 Mortgage-Free Wannabes
Comments
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Hello,
Thanks hidden shadow for offering to run the challenge again. It really is appreciated.
I'd like to keep number 10 and pledge £3,000 for 2018.
We need to pay that in order to meet our Mfi3-4 challenge. So, by hook or by crook....
Thank you
MIB xMFW2020 #5 £2,000/2,000 MFW2021 #5 £1,850/3,500MFW2022 #5 £3.001/3,000Sep'12 £233,750 Jan'15 £222,329 Dec’21 £139,584 MFiT T4 #24 £48k/£34k MFiT T5 #24 £22,186/£41k MFiT T6 #24 £4,700/£29k0 -
Hi Hidden,
Please sign me up; plan is to pay off the entire main mortgage of £35,000 in 2018, and handle the remaining local government mortgage of about £33,000 in 2019
(Also like rounded numbers
) Total mortgage when started £256,809 in May of 2011; 2018 MFW #5
Main mortgage was £214,309; now [STRIKE] £110,716 at Feb 2016 [/STRIKE]; [STRIKE] £63,645 at Feb 2017 [/STRIKE]; [STRIKE]£10,600 at May 2018[/STRIKE]
Original repayment date 2036; Main mortgage free date [STRIKE]July 2021[/STRIKE]; [STRIKE]Dec 2020[/STRIKE]; [STRIKE]January 2019[/STRIKE] June 2018:)0 -
Hi HiddenShadow
I'm adding my thanks to all the others for you taking on the running of this again. It is a great challenge and has really kept me focused in 2017.
Can I sign up again for 2018. I'd love to keep my old number #2 and set my 2018 target to Overpay £8,000
Take care and good luck everyone
Miss DMLBM- June 2009 - 15 year plan started, Dec 2018 - time to review & refocus
SPC12 #33 £210. Xmas 2019 - #15 £365 / £365 ... PAYDBX 2019 #23: £0 / £3,400
MFW2019 #2: £6,999.67 / £8,000 MFiT-T5 start £95,352.52 - target £40k
No matter how far you go, you always take yourself with you0 -
Can people that have completed this challenge before give some ideas for how they have managed such incredible figures?
I personally do all sorts of random things. Firstly when re financed mortgage at end of last fix although lower interest rate and therefore lower repayment s contractually i continued to pay same the higher amount. Other things have done is used bonus at work, saved up money earned on cash back sites such as quidco and top cash back, switch incentive money when moved current accounts, the good old collecting change in a piggy bank and cashing it at the bank once reach £100. If for example manage to cut back on an insurance premium, tv service etc put the difference aside and save that up (ie have a 20
A month discount on sky at the moment so that is being put aside and saved up)MFW#105 - 2015 Overpaid £8095 / 2016 Overpaid £6983.24 / 2017 Overpaid £3583.12 / 2018 Overpaid £2583.12 / 2019 Overpaid £2583.12 / 2020 Overpaid £2583.12/ 2021 overpaid £1506.82 /2022 Overpaid £2975.28 / 2023 Overpaid £2677.30 / 2024 Target: £1800, £572.15 overpaid as at March so YTD = £355.88 Total OP since mortgage started in 2015 = £34,178.290 -
I personally do all sorts of random things. Firstly when re financed mortgage at end of last fix although lower interest rate and therefore lower repayment s contractually i continued to pay same the higher amount. Other things have done is used bonus at work, saved up money earned on cash back sites such as quidco and top cash back, switch incentive money when moved current accounts, the good old collecting change in a piggy bank and cashing it at the bank once reach £100. If for example manage to cut back on an insurance premium, tv service etc put the difference aside and save that up (ie have a 20
A month discount on sky at the moment so that is being put aside and saved up)
Thanks for this some great ideas.Mortgage free wannabee 2022 #820 -
Hi hiddenshadow, can I sign up again with a target of £5000 please? Gotta pay off the kitchen and might be giving up work so don't want to stretch too far!0
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MFW#105 - 2015 Overpaid £8095 / 2016 Overpaid £6983.24 / 2017 Overpaid £3583.12 / 2018 Overpaid £2583.12 / 2019 Overpaid £2583.12 / 2020 Overpaid £2583.12/ 2021 overpaid £1506.82 /2022 Overpaid £2975.28 / 2023 Overpaid £2677.30 / 2024 Target: £1800, £572.15 overpaid as at March so YTD = £355.88 Total OP since mortgage started in 2015 = £34,178.290
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Hello hiddenshadow,
Please could I join the challenge, I was previously no.58. Our target for this year will be to pay off the £47,050 remaining on our mortgage.
Thank you for running this challenge again.
LLMortgage Balance £00 -
Hi Hiddenshadow,
I'm aiming to start overpaying the mortgage in March of next year when we reach debtfreedomness. I aim to overpay by £1000 per month so that will be a total of £10,000 against an outstanding balance which will be somewhere around £78,000. Also aiming to start a MFW diary.Aiming to early retire in April 2025 - DC pension currently £350k0 -
Hi, could I please be added to this year's list? I'd like to overpay £4000. I'd like to have a higher target but since my OH and I are opening a new business next year and we plan on renovating our current place, even this might be a stretch!Giant London-sized mortgage (started July 2017) £472,561 /£499,000 Current LTV 85%
S&S ISA £947
EF: £15,000£15,000 100% to goal
Renovation fund: £7,275/£10,000 72.5% to goal
Car savings fund: £9,580/£13,000 73.6% to goal0
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