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

Trying_to_be_good

financialbliss wrote: »

Finally, is it just me or does the last £20k always go down so slowly?.

I DREAM of the last £20k! One day it'll be me!

Let's get those updates in, and see how far we've come on this great challenge.

black_taxi_2

march payment--reduced mortgage by £944/reduced interest by £8 a month

on track to hav a teen mortgage 12/12/12

g/l all

gerbiljo

Just updating now £27450 , was working out our daily interest its £1.24 a day this month, looking back to last year it was £2.80, the year before £4.11, obviously the interest rate has helped us a lot I think on our old fixed rate it was about £15 a day. Good luck everyone

curlygirl1971

black_taxi wrote: »

on track to hav a teen mortgage 12/12/12

g/l all

I like it!

Penny_pauper

Have just updated. Mortgage is now £141948 minus £5240 offset savings = £136708 Still a huge mortgage but I'm pretty chuffed!
PP

shop-to-drop

Heads in a whirl at the moment. As we have reduced our mortgage to 2.5% interest am thinking we should build up more savings and also whether DH should salary sacrifice his pay down under the 40% tax level to pay a lot more into his pension. From the calculators I think we will be £200 a month down in income but will add £5000 extra into pension for the year.

It's frustrating but it seems sensible to stop overpayments for the time being until we decide what to do.

Kaz2904

Well, well, well. That 3 months went a bit blinking quick didn't it?
Life here at the kaz household is ticking along nicely. We're very much looking forward to our holiday in August. I have done some ebaying this year to make money towards the holiday spending. I actually cannot wait until we get rid of the mortgage now. Life is just going to becaome so expensive for us from September as DS starts junior school. Actually, it's starting now. He's not long started cubs and they have 3 camps this year. That's fantastic but it all comes at a cost. Mind you, DD's gutted she chose to go the Guides route having seen and heard what they do at Cubs and Scouts.
DD has got school camp in October and it's going to cost £200 :eek:. I really need to pull my finger out and get some extra shifts booked in at work don't I ?
Right, I'm just away to update my snowball... and then my signature. Then I'll update through google docs.
So total owing £18372.92. Repaid so far £34483.67 74.96% of £46000 target repaid.
Have also just seen that my mortgage company have a Q&A section so asked if they do online mortgage balance visibility. It had an answer so I'm going to ring them to see if I can view my balance online. That has made me very excited!

Kaz2904

Gutted! Just rang the principality and can't view online yet (should be able to register next week) so that's good. BUT, I got an over the phone balance update and I still owe £18486.12 so more than I thought.
Better have a rejig then.
Total owing : £18486.12
Repaid so far: £34370.47
Repaid so far: 74.71% of £46000 target.

black_taxi_2

reaching 12/12/12 might seem a bit slower now but come dec-- it will seem it flew by

if it helps looking back to 2009 seems years away---i like reading some of the threads pre-start of comp---shows how far we have all come

black_taxi_2

POST PAGE OF YOUR FIRST EVER POST FOR THIS THREAD---will show you how much progress you made

https://forums.moneysavingexpert.com/discussion/1402631