How I paid off my £90k mortgage in six years – now I could retire at 52

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Matt Windsor overpaid his mortgage to try and avoid having debt as quickly as possible

Alongside his wife, Amy, a personal trainer, he bought a four-bedroom, detached house in Cheadle Hulme, Manchester, in 2011 for £249,900. “It seems a crazy price now, but it was just under the

The terms of the mortgage said that Windsor, who works as a matchday magician at Manchester United, could overpay 10 per cent of his mortgage every year, and also pay a lump sum at the end as well. “Buying diamond rings when you’re in debt with a mortgage is insane. A friend of mine with a mortgage debt bought a personalised number plate – obviously I didn’t tell him this but that is the last thing on earth I’d ever buy,” he adds., his income dropped by 90 per cent in the first six months and decimated any future work for the medium term.

But, since paying off the mortgage, Windsor says he has tried to splash out a bit more. “Now I’ve paid off the mortgage, we do have luxurious holidays. I chartered a yacht last summer and we’ve gone skiing with the kids.”

 

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