How to become mortgage-free
The Story
The Times
3.9 • 1.6K Ratings
🗓️ 25 January 2025
⏱️ 31 minutes
🧾️ Download transcript
Summary
For many, paying off a mortgage is one of their biggest financial goals. So, this week Holly and Lucy are joined by mortgage expert Sarah Tucker from The Mortgage Mum and Leigh Macfarlane, a content creator documenting her journey to becoming mortgage free. They share practical tips and strategies to make your dream of financial freedom a reality.
Contact: Lucy and Holly at: moneyteam@thetimes.co.uk
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Transcript
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| 0:00.0 | Hello, Luke here. This weekend, we thought you might want to hear from one of our sister podcasts to get a sense of what the Times is doing right across the board. |
| 0:14.1 | We'll be back as usual on Monday. I hope you enjoy it. Hello and welcome to another episode of the only podcast out there designed to help you feel better about money. |
| 0:35.2 | I'm Holly Mead, Deputy Money editor for The Times and Sunday Times. |
| 0:38.8 | And I'm Lucy Andrews Money Reporter for The Times and the Sunday Times too. And together, |
| 0:43.1 | we unpick and demystify the world of finances to help you think about money, fearlessly, |
| 0:49.4 | positively, confidently. There's three words change every single week, don't they? |
| 0:53.9 | That's the point, mate. |
| 0:55.0 | It's kind of my thing. |
| 0:57.6 | Today we're looking at a topic that many others dream of. |
| 1:01.0 | A holiday. |
| 1:02.1 | Not a holiday, though thanks for reminding us all. |
| 1:05.1 | We covered holiday hacks last week. |
| 1:07.0 | If you miss that episode, go back and give it a listen. |
| 1:09.0 | We'll put a link to it in the description of |
| 1:10.9 | this episode because we're quite nice like that oh the other thing that people dream of being mortgage |
| 1:16.9 | free mailed it for many people a mortgage is the biggest debt to their name and data from the |
| 1:22.5 | 2021 census shows that about 33% of households own their homes outright, lucky devils, |
| 1:30.2 | but about 30% of people own their homes with a mortgage. |
| 1:35.4 | But almost a third of UK mortgage holders don't expect to pay off the loan by the time they are 65, |
| 1:40.5 | according to retirement specialists, LV. |
| 1:43.2 | And with the cost of living crisis, that number could go up. |
| 1:46.3 | Yeah, we're seeing more people take out mortgages until in their 70s now. |
... |
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