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

liuhutOz

Number 37 checking in, under a different user name as I'm unable to access my old one for some reason.

With the standard op of 640 pounds due to go in 2 days and a lump sum of 4000 paid off the mortgage this month our updated figure is..... 49,643.09... YAY under the 50k mark for the first time, i'm so pleased and excited (at least you guys understand!!).
We are late starters to the challenge (we joined Aug 10) however since then we have paid off 13,857. The aim now is to pay off 2000 a month to get it cleared in aprox 2 years. Well thats the aim..fingers crossed!

Hope everyone else is doing OK
L x

black_taxi_2

rosie it was an EXTRA 12 months--3 years (:>)

thx anyway

RosieTiger

Black tax - sorry!

Mis read that completely.

spidystrider

Just updated via google docs, hope I'm not too early with it. I can't wait to see how everyone else is getting on

financialbliss

spidystrider wrote: »

Just updated via google docs, hope I'm not too early with it. I can't wait to see how everyone else is getting on

Hi all,

Haven't really put my head around the corner of this thread / challenge lately - other things on my mind - sorry. :o:o

But, with it being December in a few days, we're at the end of year two of this challenge, which means chart 08 :eek:

I'm going to check out what updates have been fed back to date, with a view to being spot on time with this chart - last chart was quite late in the day.

Feel free to start passing through updates.

FB.

Jock_Tight

With Novembers mortgage payment out the way we are now down to £13,220

Trying_to_be_good

spidystrider wrote: »

Just updated via google docs, hope I'm not too early with it. I can't wait to see how everyone else is getting on

I've updated too, twice - I managed to report what I've paid off, rather than the balance. Apparently I did that for the last chart, too - you'd think I'd be getting the hang of it by now! I'll therefore drop from being in the mega-green at nearly 200% of target to amber or red, as I'm not including my offset savings (yet) in what's paid off.

I'm hoping I'm adding value to the house still, too - I've hacked all the kitchen tiles from the wall (and taken then to the 'household recycling centre' in two trips to save a skip - there'll be many more MSE-style trips to said dump before we're done. The plasterer bloke is patching up around the windows where the expensive double-glazing people covered up the huge gaps they'd left by sticking UPVC strips around the windows. It'll be one of those jobs that many other people wouldn't even notice, but I'll know it's now done properly, and will have windowsills wide enough to grow lots of herbs again without them toppling off all the time.

Happy days! Off to get a coat of paint on the stair spindles - I love days off work, so relaxing! :rotfl:

chickadee

I have just updated my spreadsheet so I thought I'd check in early for a change.

My balance is now £6,685 and I'm almost on the final countdown. I'm expecting to be fully paid off by April 2012 if I am able to stick to my rather ambitious programme of overpayments. It will be May at the latest. I'm excited about getting my balance down to a big fat zero!

Now the number is getting smaller I am even more motivated than ever.

Looking forward to the updated chart.

black_taxi_2

sent google update for 12/12/11

reduced mortgage by £885 dec

just broke thru 30k barrier £29644

for those still in mfw12/12/12 well-done keep at it

also for those who have a good chance of being mortgage free 2012--best of luck

mardycow

I have been mortgage free for a year now. makes a lovely difference, have reduced my working hours as not so much pressure, good luck to everyone in achieving this status:T