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

teapot2

Glad to hear you are ok now Jock - sounds a worrying time. Did they discover what it was in the first place? Not surprised you forgot about being mortgage free - waiting for results is enough to concentrate the mind. Take care

SHOULDI

Hi, It's been a long while since I posted on here.

Mortgage was at £193k when the challenge started.
Target was to reduce it by £93k, In other words to lower the mortgage to £99,999 over the 3 years.
I am proud to say that the mortgage now stands at £93,015.
A reduction of just a tad under £100,000! :j

I honestly didn't think we would get anywhere near my target. Especially with all the changes we have had. Our first child (18 months young a few days ago), DH taking redundancy and my company being aquired by another but still hanging on in there.

It's been a real rollercoaster, but it has made us even more determined that this challenge, and the next one, will give us all the freedom we are looking for.

Thanks for everyone updating their journey's to keep us motivated. The only regret I have is not updating more to help others keep motivated. (And something I will try and do more of)

I've just updated via Google Docs. Another six months to try and make as much of a dent as we can before we sign up to the next 3 year challenge to try and get over the finishing line! We've just proved to ourselves it is possible... :rotfl:

SHOULDI

warrior_princess

Hi all

Here s a update about our current status

Mortgage: £109k
Offset: £ 33k
Balance: £ 76k

Clearly we will be running short of reaching our goal by the end of the challenge :mad:
But cant beat life and its unusual twists and turns ...... We ll be looking forward to making the best of current circumstances
Thanks to all we had at least made a significant dent on the mortgage

regards

warrior princess

gerbiljo

Jock tight I am glad there is nothing wrong! I hope by your balance that it won't be long for the mortgage to be cleared and you will get the full benefit of living life to the full, which we should all try and do, just incase you only live once!!! I am going to try and take my own advice on this because I am very good at living for tomorrow, and this challenge has given me a great excuse to do exactly that, but tomorrow never comes and I am really going to try and stick to living for today!!!...once the challenge finishes that is!!!!

Jock_Tight

teapot2 wrote: »

Glad to hear you are ok now Jock - sounds a worrying time. Did they discover what it was in the first place?

Chest pain was put down to skeletal muscle pain, found nothing wrong with the heart while doing the ETT test and not had any pain since. Blood creatinine level (used to estimate kidney function) was probably elevated due to the amount of weight training I do and also one of the food supplements used for training. The level came down to just outside normal range once I stopped training and taking the supplement. Clearance test showed no kidney problems.

Jock_Tight

#165 reporting in for the chart 10 update.

I am happy to report we are £826 ahead of target with a balance of £5,825

We have reduced our mortgage by £34k while being on this challenge!!

Alion

we're down to £70k (or there abouts). Have done all the OP we can do this year so it's standard amounts until August. Filling up the cash ISAs in the mean time though.

House is almost on the market to move up to our next home and we're looking at things we could never have afforded without OPs

twinklie

I've not sorted my update yet - my spreadsheet is on my home laptop. But I might end up being mortgage free yet as well....we are probably going to sell and move into rented.

DH finishes his PhD in December and so, we will then be moving nearer to my work in the short term whilst he looks for a job. So no point buying. So I'll have a brief period mortgage free...alas, not rent free though. Ha ha.

RosieTiger

We will be at £11,700 for this update.

Some big spends in the last few months, part planned part unplanned and George Osborne's lovely people topped it all with a nice big fat tax demand out of the blue - amazing isn't it, I am on PAYE and they have all my information and get it wrong but they have the right to demand it back!

gallygirl

#11 reporting in and update sent. £16,201 outstanding so am behind. There is a very, very small chance I may make it up by the end of the challenge but realistically I will be around 2-3k short . Still, as our circs changed when we bought the Accidental House 1/2 way through I can more than live that :T.

Goes off muttering 'there has to be a way to find it, there has to be a way to find it' :rotfl:.

Well done everyone and glad you are ok Jock