FabSwingers.com forum: Mortgage free

By (user no longer on site) OP
over a year ago

How many years until you're mortgage free?

What will you spend the extra dosh on?

Reply privately

Reply in forum

Reply +quote

By *ady LickWoman
over a year ago

Northampton Somewhere

Was trying to work it out earlier, 7 I think. Can't bloody wait

Reply privately

Reply in forum

Reply +quote

By *ucy LewdWoman
over a year ago

North Oxfordshire

I've not bought yet, so I suspect at least forty years.

What will I spend the extra cash on? Well I'll be almost retirement age so I'd imagine I'll spend it on the bills.

Reply privately

Reply in forum

Reply +quote

By *ilent.KnightMan
over a year ago

Swindon

Nine. Though I just upsized. Was almost down to four ...

Reply privately

Reply in forum

Reply +quote

By *ady LickWoman
over a year ago

Northampton Somewhere

"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?

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

11 years.

Reply privately

Reply in forum

Reply +quote

By *yldstyleWoman
over a year ago

A world of my own

Now, sadly only because I rent. I don't think I'll ever own a house again.

However if I came into money I'd buy the cotgage I live in so consider myself lucky

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

Probably about 6, we overpay like demons!

Reply privately

Reply in forum

Reply +quote

By * and M lookingCouple
over a year ago

Worcester

6 to go then look for a property for the kids to have as a starter / investment.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

Our mortgage is £220 per month so it’s not a big issue

Reply privately

Reply in forum

Reply +quote

By *xtrafun4youMan
over a year ago

Dunstable

44 need a mortgage!

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

Already done yippee

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"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

Reply privately

Reply in forum

Reply +quote

By *luebell888Woman
over a year ago

Glasgowish

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.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

Ages lol. Don't even want to think about it lol. We will be attending the OAPs swingers club lol

Reply privately

Reply in forum

Reply +quote

By (user no longer on site) OP
over a year ago

"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.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site) OP
over a year ago

"Our mortgage is £220 per month so it’s not a big issue

Could you overpay? Martin Lewis' website has an overpayment calculator.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

We're a little ways off yet, but we have plans to move abroad and put a 'make life easier' pot aside for mini naughty when we cash our property in.

Reply privately

Reply in forum

Reply +quote

By *iss SJWoman
over a year ago

Hull

7 years. The extra money will go towards all the repairs and renewals that are needed by the bloody money pit that I call home.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

It’s a while yet. And I think I’ll split it with my with as we go our separate ways, but myself a flat.

Reply privately

Reply in forum

Reply +quote

By *hebagsCouple
over a year ago

worcestershire

[Removed by poster at 25/11/17 18:46:19]

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

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

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

56 payments to go..... not that I’m counting

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

7 left on one house and 5 on another when both are finished think I'll retire .... I wish !! If only life was that simple

Reply privately

Reply in forum

Reply +quote

By *hebagsCouple
over a year ago

worcestershire

We're all paid off,20 years of over payments,it was a struggle,but now we can relax a little,and have fun !!!!

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

2 years and I'm done yehaaaar ??

Reply privately

Reply in forum

Reply +quote

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.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

17 on the term but it'll be gone in 10-12

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

About 15 years probably a bit less coz of slightly over paying.

We'll probably spend it on doing it up! Only done 2 rooms in 10 years!

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

13 on my current house but I want to buy a new house in a couple of years

Reply privately

Reply in forum

Reply +quote

By *ranny-CrumpetWoman
over a year ago

The Town by The Cross

About ten years ago ........

Surviving

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

I meant:
"It’s a while yet. And I think I’ll split it with my wife as we go our separate ways, buy myself a flat. "

Reply privately

Reply in forum

Reply +quote

By *rank n BettyCouple
over a year ago

Not meeting

Should have 6 but divorce bumped it to 23

B x

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

Been mortgage free for years

Reply privately

Reply in forum

Reply +quote

By *eliWoman
over a year ago

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!

Reply privately

Reply in forum

Reply +quote

By *.1079Man
over a year ago

caistor

Mortgage free now, but just put my house on the market and looking for bigger house

Reply privately

Reply in forum

Reply +quote

By *elly39devonCouple
over a year ago

tavistock

mortgage free but that also means older but mean to make the most of it

Reply privately

Reply in forum

Reply +quote

By *icecouple561Couple
Forum Mod
over a year ago

East Sussex

We are mortgage free but we don't have extra money. We used it to semi retire. Best decision we ever made.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

7 years, planned it to coincide with retiring 10 years early so won't actually have extra cash but also won't miss the drop in income either!

Reply privately

Reply in forum

Reply +quote

By *mmmMaybeCouple
over a year ago

West Wales

All things being equal we should be in a new mortgage free house in 18-24mnths.

Can't blooming wait!

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

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.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

Got 23 years to go. Divorced so had to start again, I’ll be 70 !!!!

How bloody depressing

Reply privately

Reply in forum

Reply +quote

By *unkydesignCouple
over a year ago

Manchester

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.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

i've never had one ... just turned up with a briefcase full of lucre and swaped it for the deeds the first time i bought a place

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

About 17 years, deep joy, will be almost 60 by the time mortgage finishes!!!!

Reply privately

Reply in forum

Reply +quote

By *ebedee2009Man
over a year ago

South Croydon

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.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Was trying to work it out earlier, 7 I think. Can't bloody wait

Snap

7yrs unless some shares come good

Reply privately

Reply in forum

Reply +quote

By *rincess peachWoman
over a year ago

shits creek

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.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"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.....

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Got 23 years to go. Divorced so had to start again, I’ll be 70 !!!!

How bloody depressing

Divorced once.

The next long term cost me more.

Reply privately

Reply in forum

Reply +quote

By *ty31Man
over a year ago

NW London

21 on my current repayments.

8ish if I save money and try n pay it off quick.

Right now if I didn't live in London

Reply privately

Reply in forum

Reply +quote

By *rincess peachWoman
over a year ago

shits creek

"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.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

About 15/ 17 years in think, extended it to afford the last move we did.

Reply privately

Reply in forum

Reply +quote

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...

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"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

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

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.

Reply privately

Reply in forum

Reply +quote

By *.justmeMan
over a year ago

birmingham

Never had a mortgage Own 3 houses been very lucky in life

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

I have 2 properties, both mortgage free. One I live in, the other is rented out

Reply privately

Reply in forum

Reply +quote

By *ire_bladeMan
over a year ago

Manchester

12 months ish I think but that's been an investment I own 4 houses.

Reply privately

Reply in forum

Reply +quote

By *ire_bladeMan
over a year ago

Manchester

"I have 2 properties, both mortgage free. One I live in, the other is rented out

Knew you was more than a pretty face

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"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.

Reply privately

Reply in forum

Reply +quote

By *ire_bladeMan
over a year ago

Manchester

"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

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"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

Reply privately

Reply in forum

Reply +quote

By *ire_bladeMan
over a year ago

Manchester

"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.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

Was mortgage free at 21, Thanks Daddy

Reply privately

Reply in forum

Reply +quote

By *ynecplCouple
over a year ago

Newcastle upon Tyne

Maximum will be 10 more years but aiming to pay it off earlier.

Reply privately

Reply in forum

Reply +quote

By *gnitemybodyWoman
over a year ago

Onestepoutofthedoor

I already am,only because my ex didn't want half the share of the house when we divorced. I couldn't afford to stay where we were unfortunately so sold that and bought somewhere a lot cheaper.

Reply privately

Reply in forum

Reply +quote

By *lkDomWhtSubBiCpleCouple
over a year ago

Somewhere / Everywhere /Kinksville

I have been mortgage free for two years nearly. A consequence of losing a partner. That at least has been a comfort in case I couldn’t cope getting back into work.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

Mortgage free since my divorce.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

A couple of months with a bit of luck....

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

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

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

My first house is paid off, my second house has a whole life time before it's paid for

Reply privately

Reply in forum

Reply +quote

By *mallcock43Man
over a year ago

blackpool

Just had a quick look we pay 450 a month when our current deal is done we gonna about 100 quid a month better off thanks for the tip

Reply privately

Reply in forum

Reply +quote

By *iss_tressWoman
over a year ago

London

"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!

Reply privately

Reply in forum

Reply +quote

By *entleman_spyMan
over a year ago

nearby

Have been mortgage free for 7 years now. The extra cash is spent on having fun..

Reply privately

Reply in forum

Reply +quote

By (user no longer on site) OP
over a year ago

"How many years until you're mortgage free?

What will you spend the extra dosh on?

Extra money will be spent on kids, grandkids and holidays!

Move up here, you could buy a whole street.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

i am already mortgage free

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

March next year party party then a cruise see if we can pick anyone up xx

Reply privately

Reply in forum

Reply +quote

By *lkDomWhtSubBiCpleCouple
over a year ago

Somewhere / Everywhere /Kinksville

"How many years until you're mortgage free?

What will you spend the extra dosh on?

Extra money will be spent on kids, grandkids and holidays!

If you move to lincolnshire you’ll be able to buy a Street

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

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.

Reply privately

Reply in forum

Reply +quote

By *ittle_brat_evie!!Woman
over a year ago

evesham

I'm mortgage free now.... Ok I don't have a house but I am mortgage free lol

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

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

Reply privately

Reply in forum

Reply +quote

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.

Reply privately

Reply in forum

Reply +quote

By *iss_tressWoman
over a year ago

London

"How many years until you're mortgage free?

What will you spend the extra dosh on?

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!

Reply privately

Reply in forum

Reply +quote

By *iss_tressWoman
over a year ago

London

"How many years until you're mortgage free?

What will you spend the extra dosh on?

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.

Reply privately

Reply in forum

Reply +quote

By *iss_tressWoman
over a year ago

London

"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.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

32 years left

Reply privately

Reply in forum

Reply +quote

By *lexa999Woman
over a year ago

Milton Keynes

Been mortgage free for nearly a year, best Christmas present to myself ever

Reply privately

Reply in forum

Reply +quote

By *ENGUYMan
over a year ago

Hull

Three years to go for me.

Reply privately

Reply in forum

Reply +quote

By *amissCouple
over a year ago

chelmsford

"How many years until you're mortgage free?

What will you spend the extra dosh on?

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

Reply privately

Reply in forum

Reply +quote

By (user no longer on site) OP
over a year ago

"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.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

Already am....trust me it doesnt get any better! You just find money is sucked away somewhere else...

Reply privately

Reply in forum

Reply +quote

By (user no longer on site) OP
over a year ago

"Already am....trust me it doesnt get any better! You just find money is sucked away somewhere else..."

Bloody hell that crushed my dreams.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

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.

Reply privately

Reply in forum

Reply +quote

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

Reply privately

Reply in forum

Reply +quote

By *heislanderMan
over a year ago

cheshunt

"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,

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

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.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

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

Reply privately

Reply in forum

Reply +quote

By *sGivesWoodWoman
over a year ago

ST. AUSTELL, CORNWALL

I'm mortgage free have been for the last couple of years x

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

Just over 11 XXX

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

Paid mine off 11 years ago which enabled me to take early retirement. Bliss

Reply privately

Reply in forum

Reply +quote

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

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.

Reply privately

Reply in forum

Reply +quote

By *ingle Beds LassWoman
over a year ago

Bedfordshire

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

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

Only 6 years as we over pay... yippeeeeeeee

I suspect the extra money each month will go into savings for retirement

Reply privately

Reply in forum

Reply +quote

By *hocolate_HeavenMan
over a year ago

Birmingham and Dubai

Aiming to pay within the next 9 though will have the cash to clear with the overpayment in 2 and a half years. It’s just whether I bite that bullet when the time comes.

Reply privately

Reply in forum

Reply +quote

By *hocolate_HeavenMan
over a year ago

Birmingham and Dubai

Holidays to Japan, Australia, Chile and USA(California) and the Lotus of choice at the time

Reply privately

Reply in forum

Reply +quote

Post new Message to Thread