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

black_taxi_2

halifax are bos---now lloyds banking group i think

bank shares were once BLUE-CHIP----now toxic

curlygirl1971

Yes that's right 25p per share and every time they went through new ownership they reduced the share allocation. Pretty sure I started off with 200 shares - now I have 116

RosieTiger

and hence my preference for investing in my own bricks and mortar !

Kaz2904

Well, another pay day so it's time to update my signature. I am very happy because today I have finally finished repaying the money I borrowed from my Mum when we bought our house (6.5 years ago ). So there's still more money to pay off the mortgage but hell, we're nearly there! I have also been underpaid for my extra shifts so will be getting 7 nights worth of money on 22/12/11. As it's all for our holiday, I can live with that. We currently have £1177 saved up towards a target of £4500. Not bad going for 3 months is it .
Off to update my snowball accounts now, laters

black_taxi_2

sold my shares---last week

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£980---was in a tracker an they put charges up 4%---so much for small monthly investor

there in a holding account till end of november----will put it towards last yearly payment december--so i can get close to 28k

if i put effort in i might be able to clear mortgage within 2 years

mortgagenomore_2

In under 3 weeks we shall be 2/3rds through the challenge i never thought over years we would all still be going but we are still, my payments are not as big at the moment but im still making sure i do (for psychological reasons) just £10, £20 here and there to mortage although i will admit im concentrating on my credit cards which this time last year were 12k and are not just under 7k, cant believe this time next year we will all be into the final furlong for 12/12/12 challenge complete date!!!

spidystrider

We have just managed to pay off another £1000. That means we have paid the full 10% overpayment for this year, which was £12,900. It took a lot of scrimping and saving, but I am delighted with how well we have done.

Well done to everyone else who's stuck it out so far. There are some amazing amounts of money being paid off :T

black_taxi_2

forget two years MF

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had a few beers--got figure wrong:eek:

worked out if i o/p £600 a month from jan 2012 i will be MF dec-2014:D

black_taxi_2

an extra 12 months:D

RosieTiger

It's nice when you find 12 months just like that. We had a bit of miscounting in our spreadsheet a year or so ago and when corrected had knocked a similar chunk off our payback time. It felt like we had just been given an extra windfall!