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

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  • motch
    motch Posts: 429 Forumite
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    mummyofonechild wrote: »
    Well Done. I bet your interest rates are far higher on your cards than your mortgage. You must be feeling great :D

    thanks, luckily they were between 3.9% and 6% so not too bad. I was going to leave the 3.9% cc but then thought i'd just clear it all!
  • financialbliss
    financialbliss Posts: 1,943 Forumite
    First Anniversary Name Dropper First Post Combo Breaker
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    Hi,
    Just a quick note to say I'm, away on holiday this morning and won't be back until Sunday 5th September.

    Keep the chart 3 updates coming in via the update form - link is in post #4 if you've not bookmarked it in your browser.

    When I'm back, I'll get the updates logged and take stock from there.

    Financial Bliss.
    Mortgage and debt free. Building up savings...
  • twinklie
    twinklie Posts: 5,053 Forumite
    Name Dropper First Anniversary First Post
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    Enjoy your holiday!
    Reduction in daily mortgage interest since October 23 - £0.71 (started new mortgage)
    % of house owned/% of mortgage paid off. May 24 - 33.58%/25.80%
    MFiT-T6 #5
    MFW 2024 #6
    MF Date: Oct 37 May 37
  • taxi73
    taxi73 Posts: 20,815 Forumite
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    Enjoy your holiday
  • tattycath
    tattycath Posts: 7,175 Forumite
    First Anniversary First Post
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    Sorry I've been out of the loop for a while-been a bit busy with one thing and another. Please can someone tell me when the next update is??? Thanks
    GE 36 *MFD may 2043
    MFIT-T5 #60 £136,850.30
    Mortgage overpayments 2019 - £285.96
    2020 Jan-£40-feb-£18.28.march-£25
    Christmas savings card 2020 £20/£100
    Emergency savings £100/£500
    12/3/17 175lb - 06/11/2019 152lb
  • twinklie
    twinklie Posts: 5,053 Forumite
    Name Dropper First Anniversary First Post
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    12th September.
    Reduction in daily mortgage interest since October 23 - £0.71 (started new mortgage)
    % of house owned/% of mortgage paid off. May 24 - 33.58%/25.80%
    MFiT-T6 #5
    MFW 2024 #6
    MF Date: Oct 37 May 37
  • tattycath
    tattycath Posts: 7,175 Forumite
    First Anniversary First Post
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    Thanks Twinklie!!! x
    GE 36 *MFD may 2043
    MFIT-T5 #60 £136,850.30
    Mortgage overpayments 2019 - £285.96
    2020 Jan-£40-feb-£18.28.march-£25
    Christmas savings card 2020 £20/£100
    Emergency savings £100/£500
    12/3/17 175lb - 06/11/2019 152lb
  • shangaijimmy
    shangaijimmy Posts: 3,796 Forumite
    Name Dropper First Anniversary First Post
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    Nice little bonus of a refund from gas bill of £115. Gone straight into mortgage pot!! Quick turn around from being £60 in arreas to £115 in credit in 9 months after switching tariffs. With our usual overpayment of £450 due to go in on Monday we'll be comfortably below the 153k mark, giving us a 10k reduction in the mortgage for the last 12 months!

    First year of our 16 year target completed and will be over our schedule by 3k!! Can't believe the difference just by being more money aware and money respectful.
    MFW: Was: £136,000.......Now: £61,892.24......
    Mortgage Neutral Deficit: £43,082.90... Mortgage Neutral Savings: £18,809.34
    MFiT-T6 #13 - £3,517 of £15,500 (22.69%)
    1% Mortgage Challenge 2022 - £157.59 of £650
  • black_taxi_2
    black_taxi_2 Posts: 1,816 Forumite
    Debt-free and Proud! Mortgage-free Glee!
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    FB--enjoy your holiday--lock your blackberry an laptop away
    £48515 interest £181 (2009)debt/mortgage-MFIT/T2/T3
    debt/mortgage free 28/11/14
    vanguard shares index isa £1000
    credit union £400
    emergency fund£500
    #81 save 2018£4200
  • uzubairu
    uzubairu Posts: 1,200 Forumite
    First Anniversary Combo Breaker First Post Home Insurance Hacker!
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    We have just re-mortgaged to First Direct and the mortgage balance has gone up (due to the redemption charge).

    The starting figure for our mortgage with First Direct is £73,064.
    The lest we recived from First Direct states that our first payment isn't due until 3rd October.

    First Direct don't have a 'borrow-back' facility and we can get a better rate of interest elsewhere, so we have been making overpayments into several Regular Savings accounts (3.2% and 4% net), since June this year.
    The figure I'll report will be £73,064 minus the total of all the Regular Savings accounts on the 6th September.
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