2019 Mortgage-Free Wannabes

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Comments

  • iquit
    iquit Posts: 1,939 Forumite
    First Anniversary First Post Combo Breaker
    Hi julicorn, I'm a former MFW member, due to a variety of events I was inconsistent in my approach. However 2019 is a new year and I'm determined to get my act into gear. I am joining this group for the support and motivation it will provide. Feel free to allocate me any number, my target is £30000. Thank you.
    2019 MFW No. 74 £13700/£30000 (45.66%)
    12k in 2018 No. 98 £6274.19/£18000 (34.85%)
    BTL (start) £97440.00 (current) £68000.00
    Residential (start) £275000.00 (current) £268000.00
  • charlie792
    charlie792 Posts: 1,744 Forumite
    First Anniversary Combo Breaker First Post
    edited 26 December 2018 at 7:32PM
    Hi all. I've not taken part before but would love to join .
    target for 2019 is to reduce balance by £8100

    Recently taken out an offset mortgage so plan is to put into that rather than overpay per se but will be looking to use the balance to be mortgage free by June 2023 when our fixed rate comes to an end :j
    MFW 2020 #111 Offset Balance £69,394.80/ £69,595.11
    Aug 2014 £114,750 -35 yrs (2049)
    Sept 2016 £104,800
    Nov 2018 £82,500 -24 yrs (2042)
  • allmannerofthings
    allmannerofthings Posts: 111 Forumite
    First Post First Anniversary Combo Breaker
    Hi
    I was #115 previously, I’m happy to have a lower number if there’s one going. My overpayment target for 2019 is £3000. Thanks for doing this :)
  • julicorn
    julicorn Posts: 2,281 Forumite
    First Anniversary Name Dropper Photogenic First Post
    iquit wrote: »
    Hi julicorn, I'm a former MFW member, due to a variety of events I was inconsistent in my approach. However 2019 is a new year and I'm determined to get my act into gear. I am joining this group for the support and motivation it will provide. Feel free to allocate me any number, my target is £30000. Thank you.

    Hi iquit, and welcome back! You're our #109 for 2019 :)
    charlie792 wrote: »
    Hi all. I've not taken part before but would love to join .
    target for 2019 is to reduce balance by £8100

    Recently taken out an offset mortgage so plan is to put into that rather than overpay per se but will be looking to use the balance to be mortgage free by June 2023 when our fixed rate comes to an end :j

    Hi charlie792, and welcome to the challenge! You're our #111 now :)
    allmannerofthings wrote: »
    Hi
    I was #115 previously, I’m happy to have a lower number if there’s one going. My overpayment target for 2019 is £3000. Thanks for doing this :)

    Hi allmannerofthings! There aren't really any numbers available at the moment that are much lower than yours, so happy for you to keep yours for now - it's likely that there will be some up for grabs end of January though (that's how long I'm saving the numbers of people who were active last year, in case they want to keep them). Thanks for sharing your goal! :)


    And with that, we're looking at a total goal of 3/4 of a million :j
    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Mortgage neutral: September 2022, mortgage redeemed: December 2022
    New house, new mortgage: December 2022, £276,007
    Current balance: £217,800 minus £8,300 overpayment savings pot
  • ZoPig2016
    ZoPig2016 Posts: 88 Forumite
    I’m in, for £17,000 total please.

    Thanks x
    :)
  • julicorn
    julicorn Posts: 2,281 Forumite
    First Anniversary Name Dropper Photogenic First Post
    ZoPig2016 wrote: »
    I’m in, for £17,000 total please.

    Thanks x

    Welcome #113 :)
    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Mortgage neutral: September 2022, mortgage redeemed: December 2022
    New house, new mortgage: December 2022, £276,007
    Current balance: £217,800 minus £8,300 overpayment savings pot
  • charlie792
    charlie792 Posts: 1,744 Forumite
    First Anniversary Combo Breaker First Post
    Just made our last mortgage payments of 2018 - think on final count it was £18,000 overpayment on capital balance (£11k lump sum paid off at remortgage) and £18,900 paid to offset also.
    Sadly that's pretty much all my accumulation of savings over the past few years (bar an emergency fund) thrown into the mortgage so no more big payments likely in 2019, hence the considerably lower £8100 target which is what we should be able to put to the mortgage over the coming year
    MFW 2020 #111 Offset Balance £69,394.80/ £69,595.11
    Aug 2014 £114,750 -35 yrs (2049)
    Sept 2016 £104,800
    Nov 2018 £82,500 -24 yrs (2042)
  • newgirly
    newgirly Posts: 8,939 Forumite
    First Anniversary Name Dropper Photogenic First Post
    Hi juliecorn, many thanks for running the thread this year :)

    I think I’m still mfw 21 and my target for 2019 is £16,000 to be paid off the mortgage, happy new year from Newgirly.
    2022 MFW 67 - 33 month challenge to clear mortgage, month 17 completed and and extra 2 knocked off 🙂MFI3 No.12
  • CarshaltonClaret
    CarshaltonClaret Posts: 3 Newbie
    Another new poster here! Have been working on the OPs more seriously since April this year and have been able to OP £7000.

    Keen to up the target in 2019 to £12,000. Think this would be a good way to keep accountable.

    Might also start a diary too... :think:
    Hope you all enjoy the last couple of days of this year, roll on 2019. :beer:
  • julicorn
    julicorn Posts: 2,281 Forumite
    First Anniversary Name Dropper Photogenic First Post
    newgirly wrote: »
    Hi juliecorn, many thanks for running the thread this year :)

    I think I’m still mfw 21 and my target for 2019 is £16,000 to be paid off the mortgage, happy new year from Newgirly.

    No worries newgirly! :) That's all logged now.
    CarshaltonClaret wrote: »
    Another new poster here! Have been working on the OPs more seriously since April this year and have been able to OP £7000.

    Keen to up the target in 2019 to £12,000. Think this would be a good way to keep accountable.

    Might also start a diary too... :think:
    Hope you all enjoy the last couple of days of this year, roll on 2019. :beer:

    Hi CC, welcome to the challenge! You're our #114 now. I think you should totally start a diary, it's another great way to look back on your progress and stay accountable :) All the best!
    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Mortgage neutral: September 2022, mortgage redeemed: December 2022
    New house, new mortgage: December 2022, £276,007
    Current balance: £217,800 minus £8,300 overpayment savings pot
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