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

gerbiljo

I'm into the 30's now! woohoo, staying on track for this challenge though will all hinge on getting a new job in 2012
good luck everyone

Captain_Pie

Our balance (or, it will be tomorrow after interest is added) will be £137,265.

Our mortgage payment went out today, including an OP but I don't know that we'll do anything more than that in the run up to Christmas. I'll update the challenge on that basis now...

twinklie

We are getting there...not quite on track to hit our target but fingers crossed we still get there.

shop-to-drop

As a further way to motivate me I thought I'd look at my overpayments as time. After our December overpayment our mortgage term will be reduced to exactly 7 years of regular payments so that would be December 2018. We bought the house in 2000 on 25 year term and then in 2008 when remortgaging reduced the term from 17 years to 12 years. So overall so far we have shaved off 7 years.

So even though we have not managed to move up the housing ladder to a larger house we have managed to achieve something.

financialbliss

shop-to-drop wrote: »

As a further way to motivate me I thought I'd look at my overpayments as time. After our December overpayment our mortgage term will be reduced to exactly 7 years of regular payments so that would be December 2018.

Nice one. I made a £750 overpayment today that brought my mortgage in by one month from September 2013 to August 2013.

January payment will see the mortgage sub-20k. Stuff Christmas - looking forwards to that :rotfl:

FB.

silver_4444_uk

Hello All,

I've just updated (No 152).

I am going in the wrong direction at the moment ( outstanding mortgage balance increasing !), but hopefully after Christmas I will turn things round. It's one of the great things about a spreadsheet, the figures don't lie and they are useful for giving you a kick up the backside when you need it !

The positive thing that I am taking out of this update ,is that at least I know where the money has gone.

Many thanks again to Maz and Financialbliss for their hard work. It is appreciated.

Rgds.

Silver4444uk

gallygirl

No. 11 reporting in, £31058 o/s, 12% behind target .

Scheduled to have 16 o/s at end of challenge but am hopeful I can make it up :j.

Looking forward to reading everyone's updates :T

mortgagenomore_2

154. Mortgagenomore checking in at £21,500 :j

Kaz2904

I'm just about to pop off and update google docs. We're doing ok at the moment but getting very worried about the proposed changes to pensions. At present, using the calculator on the TUC website, I stand to pay out an extra £85 per month. This amount could put us into extreme difficulties tbh. I'm really cross about the proposed extra tax. It's not public sector workers who put the country in this position, it's the bankers and they aren't being penalised at all. The anger mill is busy winding people up about how greedy we are in the public sector just so that they can anger everyone else who in turn says "stuff your pension, you shouldn't be so greedy. Ours are rubbish (where were your unions?) so yours should be rubbish too".
Well no, I don't think so, why can't we aim to improve everyone's situation so that we are all on the same footing. And WHY is it the poorer people in society who lose everything? It's never the rich is it?

On the house front, MiL and I decided to make a start on our hallway on Wednesday and stripped off all the wall paper. I then painted it with a tin of white that was lying around which highlighted all of the dints in the walls. Then spent Friday filling these holes. DH and I then papered it on Saturday. DH was not happy about doing it but I just can't stand it any longer. Now it looks lovely and we haven't had to have it plastered. It's cost us just over £100 to do but that gives us enough paper to do the stairs and landing too.It is a necessary evil really as the hall stairs and landing closely resemble a squat

black_taxi_2

im self employed an public sector workers use my taxi every day

its the public sector that buys apple/vodaphone/volkswagon/houses/bbc borrows from banks

the gov is wrong for to drive down public sector wages/pensions are more complicated but dont look as gold plated/ maybe bronze

its a dangerous society when the gap between top/bottom widens

people in this unequal world dont start on a even keel(education)

i beleive every one deserves a good education--once 18 its up to you.

the private Entrepreneurs who dedicate there life to wealth job creation are entitled to there wealth(richard branson)

directors of banks get massive bonuses regardless of banks performance then get public to bail them out ---low saving rates--higher o/d charges is a diff story

JP morgan chase bank chief exec got a $17 million bonus this year

wheres the reality in that?

when commodities rocketed a few years---people across world were rioting because they couldnt afford the food---while hedge funds were getting rich

CEOs directors 50% ave wage rise last year --really stick in your gut---when they start preaching about public pay restraint---ho hum

p.s.---i hate being political--thats my rant over