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Mortgage free
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By (user no longer on site)
over a year ago
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"How many years until you're mortgage free?
What will you spend the extra dosh on?  "
I completed my mortgage a couple of years ago. Sadly there's no extra dosh as i have no income presently. Roll on 2019
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My ex and i were mortgage free and had spare cash for once . It was great. Then i left and had to start all over again. Pretty skint now and 15yrs left to pay my house. Happier now though than ive ever been. |
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By (user no longer on site) OP
over a year ago
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"Was trying to work it out earlier, 7 I think. Can't bloody wait
Oh....not sure what we'll do with the extra cash tbh!
What about you OP?"
I'm not sure, I'm waiting until I get my annual statement in January to find out.  |
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By (user no longer on site)
over a year ago
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Technically 23 but expect to have it paid off in 15; so hope to be mortgage free by 50, my heart wants fancy holidays my head says save for a comfortable retirement.
Ginger |
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By *aenMan
over a year ago
Here and There |
15 years. First mortgages finished this year, the endowments (remember them) paid out better than expected but didn't cover the total amount. Still have a repayment mortgage to run. |
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By *eliWoman
over a year ago
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Trying to overpay and aiming for ten years - I don't want to have to pay that bloody fee for going over the annual so that's the fastest I worked out on my current.
But life could happen and yeah. Who knows! |
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By (user no longer on site)
over a year ago
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I havnt even looked, has to be close to 20 yrs I think. I plan to sell up way before then and hand the money back and just rent somewhere lovelier that I could never afford to buy. |
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About 4 years. No plans for the extra cash. We both work crazy hours and he travels over 30 miles to work. We will probably cut hours or at the very least he will get a job closer to home with regular hours even if that means a pay cut. Quality time together is more important than extra cash. |
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4 1/2 years ago, hell of a feeling getting hold of the deeds!
Carried on working full time for another couple of years whilst investing the equivalent of the monthly payments then went into semi-retirement-the lack of stress is amazing. |
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By (user no longer on site)
over a year ago
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"Closest I'll get to owning my own home is living in one of the cardboard boxes that are knocking around the house.
Alas, it's never gonna happen for me."
Cardboard box! Luxury.....  |
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"Closest I'll get to owning my own home is living in one of the cardboard boxes that are knocking around the house.
Alas, it's never gonna happen for me.
Cardboard box! Luxury..... "
Good job I'm only little. |
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By *abioMan
over a year ago
Newcastle and Gateshead |
finished off paying for mine last year.... funny enough it came at almost the same as i finished paying for my car...
happy days... lol could give up doing the very little part time job i had... means i get a bit of a social life back... |
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By *ineMan
over a year ago
In cave behind a waterfall on a hill |
"Closest I'll get to owning my own home is living in one of the cardboard boxes that are knocking around the house.
Alas, it's never gonna happen for me.
Cardboard box! Luxury.....
Good job I'm only little. "
Never say never. Dreams they do come true. Sometimes when you least expect it |
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By (user no longer on site)
over a year ago
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Own two houses free n clear,paid cash for both,allows me to do what I want work wise,only worked about six months this year,like the freedom,if I see something I want nice to be able to get it without wondering if can afford. |
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By (user no longer on site)
over a year ago
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"I have 2 properties, both mortgage free. One I live in, the other is rented out
Knew you was more than a pretty face  "
I got great advise at a young age when I was earning good money. |
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"I have 2 properties, both mortgage free. One I live in, the other is rented out
Knew you was more than a pretty face
I got great advise at a young age when I was earning good money. "
Done all mine off my own back. Bought them all as wrecks and fully modernised them all. Had a few bad tenants along the way though. Cunts  |
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By (user no longer on site)
over a year ago
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"I have 2 properties, both mortgage free. One I live in, the other is rented out
Knew you was more than a pretty face
I got great advise at a young age when I was earning good money.
Done all mine off my own back. Bought them all as wrecks and fully modernised them all. Had a few bad tenants along the way though. Cunts "
Oh I did! All my own money but had advise on investment. I've worked hard for what I have. Tenants are hard work but I have great ones now |
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"I have 2 properties, both mortgage free. One I live in, the other is rented out
Knew you was more than a pretty face
I got great advise at a young age when I was earning good money.
Done all mine off my own back. Bought them all as wrecks and fully modernised them all. Had a few bad tenants along the way though. Cunts
Oh I did! All my own money but had advise on investment. I've worked hard for what I have. Tenants are hard work but I have great ones now "
Tell me about it. Felt like I gave up my life at time's in fact think i did but now it's coming to an end it's been worth it. Touch wood all mine are good 1s now but they're hard to find. |
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By (user no longer on site)
over a year ago
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15 years left on the term but should have it cleared in a bit less then that- aim to be debt free by 50! I plan to downsize from my 3 bed family home to something smaller once daughter has grown up and gone which will give me some money back to enjoy |
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"How many years until you're mortgage free?
What will you spend the extra dosh on? "
I would have been mortgage free if I hadn't panicked after the crash and change to interest only but my house has now quadrupled in value and when I sell next year and move out of London I'll be able to buy a much bigger house for cash.
Extra money will be spent on kids, grandkids and holidays! |
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By (user no longer on site) OP
over a year ago
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"How many years until you're mortgage free?
What will you spend the extra dosh on?
I would have been mortgage free if I hadn't panicked after the crash and change to interest only but my house has now quadrupled in value and when I sell next year and move out of London I'll be able to buy a much bigger house for cash.
Extra money will be spent on kids, grandkids and holidays! "
Move up here, you could buy a whole street. |
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"How many years until you're mortgage free?
What will you spend the extra dosh on?
I would have been mortgage free if I hadn't panicked after the crash and change to interest only but my house has now quadrupled in value and when I sell next year and move out of London I'll be able to buy a much bigger house for cash.
Extra money will be spent on kids, grandkids and holidays! "
If you move to lincolnshire you’ll be able to buy a Street  |
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By (user no longer on site)
over a year ago
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I’m rent free next month and then I’m technically mortgage free but I
Will be having a small mortgage in the future but it will only take about 5 years to pay off. It’s a nice feeling after struggling most my life. |
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By *ENDAROOSCouple
over a year ago
South West London / Surrey |
If we stay put, 15 years.
If we sell up and move to Wales, which we're seriously thinking of in the next couple of years, much much sooner.
What we're do with the extra money, probably have regular holidays. |
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"How many years until you're mortgage free?
What will you spend the extra dosh on?
I would have been mortgage free if I hadn't panicked after the crash and change to interest only but my house has now quadrupled in value and when I sell next year and move out of London I'll be able to buy a much bigger house for cash.
Extra money will be spent on kids, grandkids and holidays!
Move up here, you could buy a whole street. "
Too cold: I've had my central heating on since October! |
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"How many years until you're mortgage free?
What will you spend the extra dosh on?
I would have been mortgage free if I hadn't panicked after the crash and change to interest only but my house has now quadrupled in value and when I sell next year and move out of London I'll be able to buy a much bigger house for cash.
Extra money will be spent on kids, grandkids and holidays!
If you move to lincolnshire you’ll be able to buy a Street "
Police Interceptors put Ben off...but I'm prepared for a field trip. |
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"If we stay put, 15 years.
If we sell up and move to Wales, which we're seriously thinking of in the next couple of years, much much sooner.
What we're do with the extra money, probably have regular holidays."
My daughter and her family sold their house in Berkshire and moved to Wales last week. Four bed detached house with land and outbuildings. Mortgage free at 35.
My sister sold her London flat and bought three houses for cash in Leeds.
London born and bred yet can't wait to escape it. |
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By *amissCouple
over a year ago
chelmsford |
"How many years until you're mortgage free?
What will you spend the extra dosh on?
I would have been mortgage free if I hadn't panicked after the crash and change to interest only but my house has now quadrupled in value and when I sell next year and move out of London I'll be able to buy a much bigger house for cash.
Extra money will be spent on kids, grandkids and holidays!
If you move to lincolnshire you’ll be able to buy a Street
Police Interceptors put Ben off...but I'm prepared for a field trip. "
Haha, love this |
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By (user no longer on site) OP
over a year ago
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"7 years mortgage free and it was like a huge weight off shoulders
feels good and well worth paying in extra each month to clear dept"
Even paying a bit extra makes a difference. Especially now savings rates are so crap. |
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By (user no longer on site)
over a year ago
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Mortage and debt free with two properties now.
What to do with money...
Going to help those family/friends who never turned their back on me when I was struggling. |
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"Think it’s about 9years. My mortgage is teeny tiny so won’t have much spare when it’s paid off "
I buried my best friend last week, he was 50. He left a wife and 3 kids. He’d worked hard all his life and has left each kid a house with very small mortgages, the rent more than covers the costs. One thing he told me before he died was he regrets not spending more time seeing his kids grow up. Quality of life is more important, |
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By (user no longer on site)
over a year ago
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The house we live in paid off 16 years ago, the houses I rent out probably will only get paid off if I decide to get out of the landlord game. But it is much less than 50% of the income so I don't really care. Unless of course the interest rate goes back to 15% in which case there will be a lot of homeless people and I will sell up to pay it off. |
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By (user no longer on site)
over a year ago
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2 houses and a flat in London all paid off. Took my redundancy and paid off this one two years ago. The extra cash has allowed me to set up my new business which means I can take my toddler to work and not pay silly money on nursery fees. Win win for us.
Mrs |
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By *aisyDDWoman
over a year ago
North West |
"Think it’s about 9years. My mortgage is teeny tiny so won’t have much spare when it’s paid off
I buried my best friend last week, he was 50. He left a wife and 3 kids. He’d worked hard all his life and has left each kid a house with very small mortgages, the rent more than covers the costs. One thing he told me before he died was he regrets not spending more time seeing his kids grow up. Quality of life is more important, "
Sussing that out was the best thing to come out of a nervous breakdown a few years ago. My council tax is actually more than my mortgage! It’s not worth me paying off early really and does mean I don’t have to work full time. I’m self employed and do a job I love instead. Have to admit it’s not like work and I often wonder how I get away hardly doing anything. |
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Became mortgage free a couple of months ago and now looking to move further away from the big smoke to get my forever home, mortgage free hopefully lol Then will have to get a mortgage as promised the kid a deposit for his first house lol |
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