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

financialbliss

gingernutbizkit wrote: »

Thanks GG and FB.

FB - Is the credit card fraud the way you intend to pay off your mortgage early because I do think that is cheating a little.....

Apologies, was the victim of some recent credit card. fraud. No underhand tactics here - just genuine money saving to pay off mortgage!

FB.

gingernutbizkit

Ohh dear, now I feel bad for making a joke of it! Hope you managed to sort it out and didn't lose out finacially. I had £300 taken 3 years ago and it took 13 months to recover it

Ging x

Double_Trouble

I am still here trying to clear as much of my CC debt as I can before the challenge starts but am expecting to take a big drop in pay which is really going to bu**er up things:mad: so am going to have to be very creative or else the first year of the challenge is going to consist of CCdebt I was already going to be late starting on the mortgage repayment probably 6 months in to the challenge but this has put even more pressure on but I will work something out.;)

DT

maz123_2

Hello, yes i'm still here.
I've made the phone call required to First Direct and i'm having to write a letter after having a very annoying conversation with someone, which ended in me losing my temper:mad:
I wouldn't have minded as much but i'd been on the phone activating accounts etc for 20mins with a very pleasant lady then got transferred to a prat who if i was able to i would have strangled!
so now i'm calm and refreshed i'm going to calmly write my letter and try and get things moving again.
Welcome to the new bods
maz

samnorris2

FB you can count me in on this one as well
Current Balance £98k
Balance by 12/12/09 £86k
Target for 12/12/12 £50k

By that stage I'll be ready to launch MFiT part 3!

uzubairu

samnorris2 wrote: »

FB you can count me in on this one as well
Current Balance £98k
Balance by 12/12/09 £86k
Target for 12/12/12 £50k

By that stage I'll be ready to launch MFiT part 3!

That's my plan too and my target is similar to yours.

chirpchirp

I'd like to join too. My current mortgage is interest only - £241,000 outstanding. Investments to pay it approx £16k. I intend to up my investments towards paying it so I would like two targets for Dec 2012. Firstly, actual mortgage to be below £200k and for investment to be 22k bringing mortgage to £188k in my head if not in reality. Who knows there might be an amazing rally between now and then and I might cash in my shares ISA and put it towards the mortgage because by then interest rates may also have rocketed.

emma_nottingham

I am up for this challenge too. Need some time to get some realistic figures but look forward to be added to the first post soon.

JonnyBravo

chirpchirp wrote: »

Firstly, actual mortgage to be below £200k and for investment to be 22k bringing mortgage to £188k in my head if not in reality.

That'd be £178k in reality.

There you go I just saved you £10k without even trying. Easy this MFiT lark isn't it?

chirpchirp

oops sorry - yes poor maths on my side. Thanks for the saving - my excuse is it was very early in the morning.