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

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Comments

  • Jock_Tight
    Jock_Tight Posts: 414 Forumite
    Mortgage-free Glee!
    £2695 to go for us, 59 days left. :)
    5/10/12 : Mortgage Free :)
  • gerbiljo wrote: »
    today is the day for us, current balance £5!!

    Absolutely fantastic !!!:T

    What have you planned to mark it?
    RosieTiger - Highest £242,000 Feb 2004 :mad:
    Lightbulb Dec 2008 £146,000 by March 2026:eek:
    MFi3T2 and T3 No 28 - Dec 2009 Start Balance £117,000
    Current Position-Fully off set by savings since March 2013
  • MuffinTops
    MuffinTops Posts: 2,477 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    gerbiljo wrote: »
    today is the day for us, current balance £5!!

    Huge Congratulations. What an enviable position! Well done.
  • Kaz2904
    Kaz2904 Posts: 5,797 Forumite
    1,000 Posts Combo Breaker Mortgage-free Glee!
    Just back from Florida yesterday morning. We had a fantastic holiday and don't think we spent too much, just need to have a little check on what has gone onto the credit card since Sunday now.
    I have had a quick round up of our mortgage and we have 8 payments left to make. If we were able to squeeze a little extra out between now and then with our left over holiday money, we could almost be clear by the 12/12/12 deadline but I'm not sure how viable that is. Probably not very viable at all :o.
    Glad to see we have some more people who are almost there, very well done to you all :)
    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.
  • tattycath
    tattycath Posts: 7,175 Forumite
    Part of the Furniture 1,000 Posts
    gerbiljo wrote: »
    today is the day for us, current balance £5!!

    Well done! that's fantastic!!! :j:j:j
    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
  • gerbiljo
    gerbiljo Posts: 848 Forumite
    Mortgage-free Glee!
    RosieTiger wrote: »
    Absolutely fantastic !!!:T

    What have you planned to mark it?

    we just had breakfast out and an icecream in a cafe in the afternoon. we have a holiday coming up :)
    our balance reads £0 (i screen printed the internet banking page!) but we still have the interest to pay- just over £4, but didn't get a chance to sort it with the bank. was hoping for the moment we walk in and pay the balance and leaving feeling woohoo but it wasn't like that they just will transfer the balance from my current account. they were very keen not to work out the balance that day so for all you people near to paying off mortgage might be worth asking them to calculate it in advance!!

    Anyway its all good tho it has been planned for so long so not crazy super over the top excited but will be when boarding the plane for our holiday i think :)

    thanks everyone for your support, will continue to follow this thread as i think alot of people will be joining me as MF-ers soon :)
    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 wrote: »
    £2695 to go for us, 59 days left. :)

    :D
    Aiming to be mortgage free before you :eek:

    And on that front, I've just posted in the questionaire thread I raised sometime ago regarding a third 3 year challenge:

    http://forums.moneysavingexpert.com/showpost.php?p=55455969&postcount=42

    Hopefully I'll have something out within the week. I'll post here once I've started a new thread.

    FB.
    Mortgage and debt free. Building up savings...
  • Thank FB! for keeping us going with this challenge and doing another one too, i will have by 12/12/12 approx £19 to clear so will trying to get a big fat £0 by 12/12/15, well done to everyone else this challenge really helps :j
    £14, 500 to go
  • Jock_Tight
    Jock_Tight Posts: 414 Forumite
    Mortgage-free Glee!
    :D
    Aiming to be mortgage free before you :eek:
    FB.

    We could pay it off now (temped so I can beat you :D ) but have decided to let it run its course with the regular and fixed over payments which will come off in the next couple of months.

    I will achieve my goal of being mortgage free before I turn 40 (Jan 2013) :eek: and also this MFiT-T2 challenge!

    Cheers,
    Jock

    58 days to go
    5/10/12 : Mortgage Free :)
  • Hi everyone - another challenge nearly finished!

    I've updated via GoogleDocs, with a balance of 183,500 of outstanding mortgage less ISA and some of the offset savings - I'll still leave it until the final December update to decide how much of the offset savings will be available for the mortgage, and how much I plan to spend on home improvements and other stuff.

    Well done everyone!
    Mortgage Free thanks to ill-health retirement
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