The Mortgage Free in Three - Take 2 challenge (MFiT-T2)

edited 17 August 2011 at 9:45PM in Mortgage-Free Wannabe
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financialblissfinancialbliss Forumite
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edited 17 August 2011 at 9:45PM in Mortgage-Free Wannabe
The Mortgage Free in Three - Take 2 challenge (MFiT-T2)

This is a challenge similar in concept to the original Mortgage Free in Three (MFiT) thread.

The inspiration for this challenge was originally to formalise the remaining three years of my own mortgage free goal of 12/12/12. I was giving the opportunity for people to join me in the next 3 years as I complete the final leg of my own journey.

Maz123 recently posted the question of a 20/12/12 challenge. A few PMs later and we’ve decided on a joint venture, again like the original MFiT thread with Dithering Dad and Tall Girl.

So, this challenge runs from December 2009 to December 2012 and is open to anyone who wants to devote the next three years to greatly reduce or completely pay off their mortgage.

Below is a list of the challengers who have signed up and their own challenge:


01. FinancialBliss. Completely clear my £48,383 mortgage.
02. Maz123. Reduce my mortgage from £51,000 to £25,000.
03. Captain Pie. Reduce my mortgage from £144,875 to £133,000
04. abouttimetoo. Reduce my IO mortgage from £85,000 to £45,000.
05. warrior princess. Completely clear my £145,000 mortgage.
06. cazmanian_minx. Reduce my offset mortgage from £128,114 to £88,114.
07. Welshlassie. Reduce my mortgage from £178,291 to £155,000.
08. setmefree2. Completely clear my £98,567 mortgage.
09. Floxxie. Completely clear my £85,500 mortgage.
10. skaps. Reduce my mortgage from £230,252 to £220,252.
11. gallygirl. Completely clear my £68,432 mortgage.
12. Robert Tycelyn. Completely clear my £70,505 mortgage.
13. Kaz2904. Reduce my mortgage from £52,856 to £6,856.
14. ### Spare Slot ###
15. SparkleBlack. Reduce my mortgage from £40,485 to £0 (including offset).
16. Shineoballo. Reduce my mortgage from £60,000 to £30,000.
17. ### Spare Slot ###
18. medic1978. Reduce my mortgage from £80,000 to £40,000.
19. uzubairu. Reduce my mortgage from £81,520 to £32,000.
20. Little Mama. Reduce my mortgage from £94,900 to £65,000.
21. JonnyBravo. Completely clear my £30,077 mortgage. :D
22. ### Spare Slot ###
23. travellady. Reduce my mortgage from £88,000 to £44,000.
24. FlowerPower. Reduce my mortgage from £121,000 to £100,000.
25. frazzmunch. Reduce my mortgage from £75,000 to £65,000.
26. kazzys51. Completely clear my £40,662 mortgage.
27. LouiseJ. Completely clear my £42,991 mortgage.
28. RosieTiger. Reduce my mortgage from £145,000 to £60,000.
29. Double Trouble. Reduce my mortgage from £260,800 to £170,000.
30. gingernutbizkit. Completley pay off my £167,637 mortgage and debts.
31. ### Spare Slot ###
32. SuiDreams. Completely clear my £22,400 mortgage.
33. ### Spare Slot ###
34. diadeb. Reduce my mortgage by £66,471.
35. clearing_out_my_pockets. Reduce my mortgage from £156,247 to £142,000.
36. ### Spare Slot ###
37. luihut. Reduce my mortgage from £63,500 to £48,000.
38. AvidSaver. Reduce my mortgage from £242,000 to £195.000.
39. ### Spare Slot ###
40. elliemoo. Completely clear my £53,000 mortgage.
41. ### Spare Slot ###
42. chirpchirp. Reduce my mortgage from £235,946 to £141,000.
43. welshlady33. Completely clear my £36,700 offset mortgage.
44. gillybean73. Reduce my mortgage from £74,573 to £40,000.
45. ### Spare Slot ###
46. Lynn11. Reduce my mortgage from £115,500 to £105,000.
47. misswissy. Reduce my mortgage from £98,060 to £58,060.
48. Trying to be good. Reduce my mortgage from £300,000 to £180,000.
49. hoobydoobydoo. Completely clear my £15,173 mortgage advance.
50. hoobydoobydoo. Reduce mortgage from £112,059 to £99,999.
51. llydaw. Reduce my mortgage from £101,527 to £85,000.
52. hypno06. Reduce my mortgage from £185,853 to £150,000.
53. ### Spare Slot ###
54. ### Spare Slot ###
55. Penny pauper. Reduce my mortgage from £149,829 to £129,829.
56. lunar. Reduce my mortgage from £129,011 to £100,000.
57. determined1. Reduce my mortgage from £125,950 to £85,000.
58. canne. Reduce my mortgage from $105,171 to $50,000 (Australian dollars).
59. ### Spare Slot ###
60. debtfreewannab. Reduce my mortgage from £96,600 to £69,000.
61. Freedom Fighter. Completely clear my £46,882 mortgage.
62. Louba. Reduce my mortgage from £225,000 to £170,000.
63. egon. Reduce my mortgage from £93,026 to £56,210.
64. THRIFTY GIRL. Reduce my mortgage from £194,000 to £140,000.
65. Alion. Reduce my mortgage from £150,000 to £100,000.
66. pineapple_beach. Completely clear my £61,000 mortgage.
67. nellis10. Reduce my mortgage from £183,999 to £175,000.
68. ### Spare Slot ###
69. cha97michelle. Reduce my mortgage from £35,000 to £20,000.
70. shala_moo. Reduce my mortgage from £79,999 to £50,000.
71. ### Spare Slot ###
72. ### Spare Slot ###
73. Queen-Bee. Completely clear my £59,000 mortgage. :D
74. ### Spare Slot ###
75. ### Spare Slot ###
76. Ayeshalush. Completely clear my £33,219 mortgage.
77. unhappy_shopper. Completely clear my £47,566 mortgage.
78. ### Spare Slot ###
79. DJ Mike. Reduce my mortgage from £171,570 to £130,000.
80. TheBees. Reduce my mortgage from £48,968 to £40,000.
81. glitterball. Reduce my mortgage from £59,826 to £30,000.
82. ### Spare Slot ###
83. Lady Tara. Reduce my mortgage from £132,055 to £94,700.
84. PhoneGuru. Reduce my mortgage from £217,461 to £200,000.
85. wynnvegas. Completely clear my £31,500 mortgage. :D
86. ninky. Completely clear my £90,000 mortgage.
87. ### Spare Slot ###
88. spidystrider. Reduce my mortgage from £151,000 to £100,000.
89. PetitePeche. Reduce my mortgage from £159,740 to £79,870.
90. ElusiveLucy. Reduce my mortgage from £83,000 to £48,000.
91. manka04. Reduce my mortgage from £60,000 to £1,000.
92. PipPip. Reduce my mortgage from £220,000 to £100,000.
93. ### Spare Slot ###
94. Starsailor. Reduce my mortgage from £246,000 to £199,000.
95. Optimisticpair. Reduce my mortgage from £71,000 to £62,000.
96. taxi73. Completely clear my £40,493 mortgage.
97. ### Spare Slot ###
98. adwat. Completely clear my £52,000 mortgage.
99. vwchris. Reduce my mortgage from £145,000 to £100,000.
100. WorkingHardDFW. Reduce my mortgage from £113,000 to £50,000.
101. taka. Reduce my mortgage from £44,790 to £33,500.
102. Mat_Money_saver_wannabe. Reduce my mortgage from £93,000 to £60,000.
103. Kipper. Completely clear my £21,500 mortgage.
104. mollysmummy. Reduce my mortgage from £98,000 to £65,000.
105. ### Spare Slot ###
106. tattycath. Reduce my mortgage from £90,750 to £75,000.
107. TOPAZ7. Completely clear my £148,999 mortgage.
108. joolley. Reduce my mortgage from £296,900 to £240,900.
109. Courgette. Completely clear my £25,086 mortgage.
110. ### Spare Slot ###
111. suze369. Reduce my mortgage from £94,000 to £74,000.
112. ### Spare Slot ###
113. not_tonight_josephene. Reduce my mortgage from £197,834 to £60,000.
114. ### Spare Slot ###
115. gerbiljo. Reduce my mortgage from £106,800 to £16,852.
116. ### Spare Slot ###
117. greent. Reduce my mortgage from £99,917 to £67,500.
118. ### Spare Slot ###
119. sleepingpintsized1. Reduce my mortgage from £105,047 to £85,047.
120. mrs_deadline. Completely clear my £61,500 mortgage.
121. museumworker. Reduce my mortgage from £194,055 to £160,000.
122. yukkibear. Reduce my mortgage from £83,435 to £63,435.
123. ### Spare Slot ###
124. ### Spare Slot ###
125. perrywinkle. Reduce my mortgage from £93,000 to £73,000.
126. Susiesue. Reduce my mortgage from £60,000 to £6,000.
127. lamorna23. Completely clear my £82,843 mortgage.
128.julliff. Reduce my mortgage from £118,828 to £99,999.
129. moneysavingotter. Reduce my mortgage from £170,000 to £90,000.
130. twinklie. Reduce my mortgage from £39,606 to £29,000.
131. dexter fan. Completely clear my £135,000 mortgage.
132. ### Spare Slot ###
133. Superfast_Gran. Reduce my mortgage from £36,863 to £25,000.
134. deefadog. Completely clear my £95,224 mortgage.
135. deedee71. Reduce my mortgage from £51,116 to £38,000.
136. ### Spare Slot ###
137. CaroB. Reduce my mortgage from £59,625 to £40,000.
138. mummyofonechild. Completely clear my £21,000 mortgage.
139. shangaijimmy. Reduce my mortgage from £157,901 to £128,000.
140. SOandSO. Reduce my mortgage from £236,877 to £156,877.
141. macgirl. Completely clear my £55,767 mortgage.
142. vespa rider. Completely clear my £51,000 mortgage.
143. cake21. Reduce my mortgage from £121,897 to £50,000.
144. Needhelpsaving. Reduce my mortgage from £110,147 to £80,000.
145. doolally_gall. Reduce my mortgage from £109,000 to £84,000.
146. bungrefurb. Reduce my mortgage from £229,133 to £100,000.
147. black taxi. Completely clear my £48,515 mortgage.
148. ### Spare Slot ###
149. secretsavers. Completely clear my £38,300 mortgage.
150. spicymel72. Reduce my mortgage from £130,000 to £100,000.
151. ### Spare Slot ###
152. silver_4444_uk. Reduce my mortgage from £120,000 to £75,847.
153. wantabetterlife. Reduce my mortgage from £161,000 to £135,000.
154. mortgagenomore. Reduce my mortgage from £33,990 to £19,080.
155. ### Spare Slot ###
156. someday soon. Completely clear my £58,478 mortgage.
157. Thriftyknickers. Reduce my mortgage from £120,000 to £80,000.
158. Daft Dora. Reduce my mortgage from £69,200 to £50,000.
159. weezl74. Completely clear my £79,480 mortgage.
160. Aless. Reduce my mortgage from £225,254 to £150,000.
161. ### Spare Slot ###
162. ### Spare Slot ###
163. SHOULDI. Reduce my mortgage from £193,000 to £99,999.
164. ### Spare Slot ###
165. Jock_Tight.Completely clear my £39,906 mortgage.
166. golfiematt. Reduce my mortgage from £45,000 to £15,000.
167. ### Spare Slot ###
168. scottiedog. Completely clear my £39,500 mortgage.
169. shaz_mum_of _2. Completely clear my £55,353 mortgage.
170. tiddles. Completely clear my £75,755 mortgage.
171. stef495. Reduce my mortgage from £35,500 to £16,000.
172. pawlala. Completely clear my £80,000 mortgage.
173. shop-to-drop. Reduce my mortgage from £90,000 to £30,000.
174. puddle96. Completely clear my £43,000 mortgage.
175. Bearcat. Completely clear my £41,751 mortgage.
176. ### Spare Slot ###
177. Jonsey Bonesy. Reduce my mortgage from £60,000 to £30,000.
178. Saver54. Reduce my mortgage from £90,000 to £75,000.
179. broomstick27. Reduce my mortgage from £133,230 to £90,000.
180. starbucks. Reduce my mortgage from £26,000 to £1,000.
181. ### Spare Slot ###
182. Moneybag. Reduce my mortgage from £158,000 to £146,000.
183. jsbarrett. Reduce my mortgage from £106,089 to £66,089.
184. mfwin2019. Reduce my mortgage from £181,869 to £150,000.
185. brizzledfw. Reduce my mortgage from £180,000 to £120,000.
186. ### Spare Slot ###
187. ### Spare Slot ###
188. ### Spare Slot ###
189. the end of the rainbow. Reduce my mortgage from £107,243 to £53,621.
190. ### Spare Slot ###
191. curlygirl1971. Reduce my mortgage from £45,490 to £35,490.
192. Charterhouse. Completely clear my £401,388 mortgage.
193. miss undastood. Reduce my mortgage from £53,993 to £30,000.
194. littlefred169. Reduce my mortgage from £103,000 to £85,000.
195. loopy-juice. Completely clear my £51,439 mortgage.
196. Daisy Duck. Reduce my mortgage from £170,000 to £90,000.
197. FreedomGirl. Completely clear my £25,622 mortgage. :D
198. must stop spending. Reduce my mortgage from £73,000 to £20,000.
199. LilacPixie. Reduce my mortgage from £51,584 to £31,584.
200. motch. Completely clear my £28,000 mortgage.
201. teapot2. Reduce my mortgage from £58,142 to £30,000.
202. slopemaster. Reduce my mortgage from £91,000 to £67,000.
203. ### Spare Slot ###
204. chickadee. Completely clear my £36,621 mortgage.
205. ### Spare Slot ###


:D - indicates objective met or exceeded.

This 3 year challenge started in December 2009 and is due to complete in December 2012 (12/12/12).


NOTE: 18 month into the challenge and I've decided to have a spring clean. I've freed up some dormant challengers, shown as ### Spare Slot ### and if you would like to join for the remaining duration of the challenge, please post here with:

* Your forum user name
* The challenger number you would like
* Your mortgage objective for the remaining part of the challenge.

If I've not picked up your request within a few days, nudge me with a PM and I'll get you added in.



Please see the posts immediately below for further information. Good luck in your own challenges.

Financial Bliss / Maz123.
Mortgage and debt free. Building up savings...
«134567381

Replies

  • edited 13 December 2009 at 1:44PM
    financialblissfinancialbliss Forumite
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    edited 13 December 2009 at 1:44PM
    Questions and Answers...

    Q. Why are you doing this?

    The original mortgage free in three was a great challenge, brought lots of like-minded people together with great mortgage reduction and money saving benefits. While I made great in-roads into my own mortgage, I misjudged my own budgeting (over keen / optimistic at the time) and although at the time of writing, the MFiT challenge has not ended, I’m going to be short of my own target.

    A short while after the MFiT challenge started, I decided on a mortgage free date of 12/12/(20)12, and later in 2007 I started my own diary. This challenge formalises the remaining 3 years of my own mortgage free journey.

    I'm giving the opportunity for people to join me in the next 3 years as I complete the final leg of my mortgage free journey, so they can also greatly reduce their mortgage or become mortgage free.

    Maz123 has very kindly offered to support me in this challenge. The exact details we’re still sorting out via PM, but I’m sure Maz123 will be a great help. Thanks Maz123.


    Q. Isn't this a blatant rip off of the original MFiT challenge?
    No, I don't think so. I'm not out to steal any of the MFiT members, in fact I'd much prefer they all become mortgage free, but for various reasons, eg in my own case mis-budgeting - things don't always work out as expected.

    I’ve previously PM’d Dithering Dad and he doesn’t have any issues with me starting this challenge and if any of the original MFiT members do want to join this challenge, you’re more than welcome to do so.

    I've been planning this for some time and myself and Maz123 are prepared to put our own time and effort into managing this challenge for the good of all mortgage free wannabe's.


    Q. Is this challenge for me?
    This is a 3 year challenge. I'm proposing that we have regular updates every 3 months, ie 12 updates over the course of the 36 months. If you don't think you can provide regular mortgage updates over the course of 3 years, then perhaps this isn’t the challenge for you.

    The 2010 MF Wannabe's, managed by cake21 may be a more appropriate if you’re looking for a shorter challenge. This challenge can be found here:
    http://forums.moneysavingexpert.com/showthread.html?t=2062237


    Q. What are the timescales?
    The challenge will officially start on 12/12/09 and it will complete on 12/12/12. See post #4 directly below which gives a suggested progress chart update schedule.


    Q. Why registration?
    This challenge was originally planned to be announced on 13/11/09, ie about a month before it started. During PMs with Maz123, it occurred that unless you join before 12/12/09, then you’re not getting the benefit of a full 3 year challenge, so we've decided on a registration period before the challenge officially starts.

    Note: For registration, you merely need to send me a private message or post here to express your interest. You’ve then got a few months to formulate your own mortgage reduction target.


    Q. What if I can’t clear my mortgage in the 3 year period?
    You don’t have to pledge to clear your mortgage completely to enter this challenge. Everyone’s circumstances are going to be different, so look at what you can realistically attain and set your own challenge goal accordingly.


    Q. What information do you need about my own challenge?
    I’ll need an estimate of your mortgage on 12/12/09. As this is some way off due to announcing this earlier than planned, you can send an update much nearer the time, or even check and report on an actual 12/12/09 figure on the day.

    Also, I’ll need a figure of where you would like to be by the end of the challenge, ie a challenge start and end value, eg:

    Completely pay off my £125,000 mortgage.
    Reduce mortgage from £48,000 to £30,000.

    If you could send Financial Bliss a private message (PM) and also post your challenge here in this thread, you stand a better chance of catching my attention.


    Q. What happens when I PM / post my challenge?
    We will allocate you a MFiT-T2 quest number, add you to post #1 and the progress chart and PM you back with your number.


    Q. Why haven’t you responded to my private message (PM) yet?
    I’ve very limited internet access at work (personal use at lunch times only) and while I may have noticed your post in this thread, you’re very unlikely to get an immediate reply. I’m hoping to reply to PMs within 48 hours (and much sooner if I can), which I think is a reasonable time scale considering I’m managing this challenge in my own time.


    Q. I have a mortgage free diary. Can you link to it in post #1?
    If you have a mortgage diary, then it's not a problem to link to it in post number 1. The main "problem" is that we will need to be aware of your diary. Please PM myself or Maz123 and we can then get a link to your diary organised.


    Q. I’ve made an overpayment – what do I do now?
    Not a lot I’m afraid. Unlike to MFW 2008 and MFW 2009 threads, which are only running for 12 months, keeping track of payments / overpayments on a monthly basis for everyone is probably too much admin work in a 3 year challenge. Feel free to mention any significant overpayments in this challenge thread, but as long as you give a mortgage update at the chart update schedules, your mortgage reduction will get logged.


    Q. When can I give a figure for a chart update?
    The chart update schedule in post #3 gives the dates each chart will be published, ie on the 12th day of every third month. The first chart is due to be published on 12th March 2010. Normally, mortgage payments are taken on the first of the month, so you may want to report your mortgage as soon as the payment clears when we are in a chart month. That then gives us enough time to gather and publish the data.


    Q. What information do you need in a chart update?
    Hopefully you have gave an accurate starting mortgage value, so updating us with a current mortgage value will show the reduction made in each 3 month period. Your challenger number and current mortgage balance is all we need.


    Q. How do I provide information for a chart update?
    There are 3 ways of providing an update, with '1' being the preferred method.
    1. Google Docs chart update form:
    Link: Google Docs chart update form.

    This has a benefit over private messages (PMs) as an update via the above form won't fill up our private message box. Using this update form does not update any chart directly, but instead goes to a "holding" chart so the information can first be checked. Values entered other than as we approach a chart date or the challenge start may be disregarded.

    2. Private message (PM) to FinancialBliss.
    There is a good chance my private message mailbox will get full, so if that is the case, try option 1.

    3. Private message (PM) to Maz123.
    If you're having difficulty with 1 and 2, try this. Maz can then hopefully batch the balances up and send me just one PM.


    Q. Can I have a copy of the chart every time it has been updated?
    If you want a copy of the chart each time it is updated, then that is not a problem. However, I strongly advise not to post your e-mail address in any public forums. If you do want a copy, then PM us with your e-mail address and we will mail the chart out once it is available.


    Q. What about the 12/12/12 chart?
    Not 100% sure how to handle this one, but rather than publish the last chart on that date, we could make 12/12/12 the last date in the challenge that you can make a payment / overpayment. Once everyone has got back to us with a final mortgage value, we then publish a final chart.


    Q. What happens if I become mortgage free during the challenge?
    Do tell us as soon as possible including the date you became mortgage free and we will add you to the list of questees who became mortgage free during the challenge.


    Q. What if I want to leave this challenge?
    While I hope this won’t be the case, perhaps a change in circumstances may dictate this? Rather than just leave with everyone wondering why we have had no updates from you, we would appreciate if you could let us know you are leaving the challenge. You don’t have to give a reason. This is just so we can update our active challengers.


    Q. How do I bookmark this challenge so I can locate it easily?

    The easiest way to store the address of this challenge is to bookmark it in your web browser. You don't actually need to be logged in to the MSE forums in order to view the challenge. Simply click on this link: http://forums.moneysavingexpert.com/...html?t=1402631

    which will take you to page one of this challenge thread. Once you are there, bookmark it in your browser.

    Internet Explorer (IE).
    Favourites, Add to Favourites.

    Firefox.
    Bookmarks... Bookmark this page. Or Double click on the star in the address bar to file the bookmark somewhere.

    The process will be similar in other browsers. Every time you want to locate this challenge, simply fire up your web browser and use the bookmark.


    Q. I have a question that you haven’t covered.

    Hopefully the challenge is simple enough. If you do have a question, please PM myself or Maz123 or post in this thread and we will try to help / add the question and answer to this list.

    Best of luck everyone.

    Financial Bliss / Maz123.
    Mortgage and debt free. Building up savings...
  • edited 16 June 2012 at 12:18PM
    financialblissfinancialbliss Forumite
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    edited 16 June 2012 at 12:18PM
    Announcements.

    Intending to use this post for any announcements relating to this challenge, so do check back here regularly.


    Chart 10 has now been published. See list of charts below for the link to this chart.

    Note: If you can provide an accurate update for any of the previous charts and you missed out on an update, please pass one on and I’ll get the appropriate chart updated. If you’re doing that – please add a comment that it’s for an older chart so I don’t update the current chart by mistake



    Next chart to be published is the the second last of the challenge - Chart 11 to be published on 12th September 2012.

    Get that date in your diary, put a post-it on the fridge, or whatever you need to do, so you know to provide an update for that chart...


    Thanks,
    Financial Bliss / Maz123.
    Mortgage and debt free. Building up savings...
  • edited 12 March 2010 at 4:21PM
    financialblissfinancialbliss Forumite
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    edited 12 March 2010 at 4:21PM
    Chart update schedule.

    As this is a three year challenge, I’m proposing that we have regular progress updates every 3 months on the 12th of the month.

    Each chart is 8.33% of the challenge. On each chart is a percentage complete column for each questee. If you're on track, then your entry will be green. If you're slightly behind schedule, then your entry will be yellow. If you're further behind schedule, then your entry will be red. See the table below for details:

    MFiT-T2_Chart_Schedule.png


    Note: As charts will be published on the 12th of each chart month - if you could have your updates in by the 11th of a chart month at the latest, that would be ideal.

    The preferred method of updating your mortgage balance is via the Google Docs chart update form: Google Docs chart update form. Using this update form does not update any chart directly, but instead goes to a "holding" chart so the information can first be checked.


    The 'Who's updated...?' chart.
    In an attempt to motivate you all to have a clean 100% chart update score, I've compiled a who's updated chart. Provide 12 updates for all 12 charts and you'll get 100% for updates against your name. Provide less and you get scored accordingly.

    It's a quick chart to see who's still in the challenge and providing regular updates. It also serves as a reminder for yourself as to if you have provided an update for a particular chart.

    Link to 'Who's updated...?' chart: Who's updated...?


    Hopefully this is simple enough to follow...

    Financial Bliss / Maz123.
    Mortgage and debt free. Building up savings...
  • edited 16 June 2012 at 12:50PM
    financialblissfinancialbliss Forumite
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    edited 16 June 2012 at 12:50PM
    This post will always be used to enable you to locate the current chart, the chart summary and links to each of the previous charts and analysis for each chart.

    Current chart.
    The current chart is Chart 10, which was published on 12th June 2012. The next chart to be published is Chart 11 - which will be published on 12th September 2012.

    Current chart: Chart 10

    All challenge charts.
    The challenge charts can be viewed from here.

    The challenge summary gives an overview from all challenge charts. Each chart gives a snapshot of mortgage balances at that point in time.

    Challenge summary

    Chart 01
    Chart 02
    Chart 03
    Chart 04
    Chart 05
    Chart 06
    Chart 07
    Chart 08
    Chart 09
    Chart 10
    Chart 11

    Financial Bliss / Maz123
    Mortgage and debt free. Building up savings...
  • edited 12 March 2010 at 10:44PM
    financialblissfinancialbliss Forumite
    1.9K Posts
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
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    edited 12 March 2010 at 10:44PM
    MFiT-T2 mortgage free roll of honour.

    This post lists challengers who have become mortgage free during this mortgage free challenge. In order to be included in this list, we need to know your mortgage free date as this is used in the chart.

    Link to mortgage free roll of honour: Mortgage free roll of honour

    Financial Bliss / Maz123.
    Mortgage and debt free. Building up savings...
  • Good one FB! :) As your diary was part of the initial inspiration behind my own MF plans started last year, I would like to sign up to join the journey! I was too late for the original MFi3, so this is perfect. Happy New Year too.
  • cazmanian_minxcazmanian_minx Forumite
    4K Posts
    Part of the Furniture 1,000 Posts Debt-free and Proud!
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    Excellent - count me in! Will have a think about a 2012 target over the weekend.

    Caz
    Home: 06/08: £145,145.00 Currently: £106,249.36 Amount paid off: £38,895.64 (26.8%)
    Ethel's: 05/18: £99,000.00 Currently: £99,000.00 Amount paid off: £0 (0.0%)
    Tor: 05/18: £82,500.00 Currently: £82,500.00 Amount paid off: £0 (0.0%)
    Debt-free: 17/02/2017
  • WelshlassieWelshlassie Forumite
    1.7K Posts
    Part of the Furniture Combo Breaker
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    Hi FB and MAZ123

    Thanks for running this challenge. Me and Mr WL are up for this.

    I'm currently part of the MFW 2009 challenge and hope to have around £2,400 paid off by the end of that challenge so I'm hoping that my mortgage will be around the £190,000 mark in December 09 and I would like to reduce it by a further £30,000 during this challenge so getting to £160,000. This would be a huge amount for us but will really make a difference when we come to remortgage at the beginning of 2013.

    I already know where £12,600 of this is coming from, so add the additional interest saved from including this we're looking to find an around additional £15,000 from somewhere (£5,000 per year, about £400 per month). :eek:

    This is a huge amount more than we have been able to OP previously, but although I don't know whether we can actually do it, we are going to have a bl**dy good go. It wouldn't be a challenge if we weren't stretching ourselves.

    If these figures change I'll PM you nearer the time.

    Can I have a number please?? :D

    Thanks again and looking forward to getting to know everyone and follow their journeys.
  • setmefree2setmefree2 Forumite
    9.1K Posts
    Mortgage-free Glee!
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    Count me in too:D
  • TallGirlTallGirl Forumite
    4.8K Posts
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
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    Just wanted to say good luck to all of you and I hope you achieve your goals. Please let me know if any of you wish to leave the original MFi3 Challenge so I can take you off the chart.

    Ofcourse I hope you don't leave us but that you will continue to post your updates to me every three months. It may even help if I use the same dates as you are using here. We only have 15 months left of the original challenge.
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