📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

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

1360361363365366381

Comments

  • gerbiljo
    gerbiljo Posts: 848 Forumite
    Mortgage-free Glee!
    i owe them too grrr
    Mortgage November 2003 was £135k, but thanks to this website on 28/08/12 we became MORTGAGE FREE!
    Now just over 2 years we have taken on the challenge again! )(starting £237k Nov 2014) Current mortgage £232,399.82, current overpayment total £1550, years remaining= 17
  • Jock_Tight
    Jock_Tight Posts: 414 Forumite
    Mortgage-free Glee!
    Fixed overpayment for July now off taking the total to pay down to £3,760

    88 days to go :)
    5/10/12 : Mortgage Free :)
  • black_taxi_2
    black_taxi_2 Posts: 1,816 Forumite
    Debt-free and Proud! Mortgage-free Glee!
    aug-payment £341

    a new milestone---ive paid in more than i owe
    £48515 interest £181 (2009)debt/mortgage-MFIT/T2/T3
    debt/mortgage free 28/11/14
    vanguard shares index isa £1000
    credit union £400
    emergency fund£500
    #81 save 2018£4200
  • Currently £220 from 12/12/12 target and will be covered with monthly mortgage payments so cant believe how i have managed it but just with signing up for this challenge gave me the incentive, my golden rule was always to pay minimum £20 payment per week and would do so religiously every Monday morning when i checked my balance. Mines is a small mortgage in comparison but every small payment helps 3/4/5 years down the line, i chose to overpay when i know some advised to put into a savings account or offset but i felt more regimented paying into the mortgage and have managed 20k in the time the interest rates have been low, anyway well done to all 2 more check ins and everyone doing so well :D
    £14, 500 to go
  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Penultimate update next week :T.

    Best get a wriggle on :eek:.

    I may just scrape in by 12/12 :D.

    Good luck everyone :T.
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
  • Jock_Tight
    Jock_Tight Posts: 414 Forumite
    Mortgage-free Glee!
    Another mortgage payment made its way into the mortgage account so now down to £3,195

    84 days to go......12 weeks today :)
    5/10/12 : Mortgage Free :)
  • August mortgage payments and transfers into the offset complete, plus final bills received for most of the work on the house so transfers out of the offset scheduled for this week. Good progress, the offset will dip by a further £15k, but still going to beat our MFiT-T2 target. So long as I stop spending!

    Good luck everyone, on the last lap or so now!
    Mortgage Free thanks to ill-health retirement
  • tattycath
    tattycath Posts: 7,175 Forumite
    Part of the Furniture 1,000 Posts
    Paid another £50 off the mortgage today! :)
    slowly but surely...
    GE 36 *MFD may 2043
    MFIT-T5 #60 £136,850.30
    Mortgage overpayments 2019 - £285.96
    2020 Jan-£40-feb-£18.28.march-£25
    Christmas savings card 2020 £20/£100
    Emergency savings £100/£500
    12/3/17 175lb - 06/11/2019 152lb
  • Kaz2904
    Kaz2904 Posts: 5,797 Forumite
    1,000 Posts Combo Breaker Mortgage-free Glee!
    Argh, is the update next week? I thought it was september? I am so lame at this :o!
    Debt: 16/04/2007:TOTAL DEBT [strike]£92727.75[/strike] £49395.47:eek: :eek: :eek: £43332.28 repaid 100.77% of £43000 target.
    MFiT T2: Debt [STRIKE]£52856.59[/STRIKE] £6316.14 £46540.45 repaid 101.17% of £46000 target.
    2013 Target: completely clear my [STRIKE]£6316.14[/STRIKE] £0 mortgage debt. £6316.14 100% repaid.
  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    gallygirl wrote: »
    Penultimate update next week :T.

    Best get a wriggle on :eek:.

    I may just scrape in by 12/12 :D.

    Good luck everyone :T.
    Kaz2904 wrote: »
    Argh, is the update next week? I thought it was september? I am so lame at this :o!

    :o Premature Posting on my part :o. It IS September :).
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.