The Mortgage Free in Three - Take 3 challenge (MFiT-T3)

financialbliss

gallygirl wrote: »

FB I posted this in Sept and sent a PM but it hasn't been updated. Please do quickly so I don't slip and say it's 100k :rotfl:.

Done. Missed that. Apologies.

FB.

SusanneCape

samtoby wrote: »

Please may I join? Bit premature as have not completed yet. But will hopefully in next couple of weeks. I have done the form.

Hi SamToby,

I am glad to see a familiar face on here . These groups are truly inspirational.

All the best

samtoby

SusanneCape wrote: »

Hi SamToby,

I am glad to see a familiar face on here . These groups are truly inspirational.

All the best

Thank you. I am hoping I can make some real headway once we complete. its been a long old journey to here! I wish I could achieve more like reducing it by 50k - but I think it all has to be looked at realistically. No good setting something you will never achieve! I am looking forward to this journey

samtoby

financialbliss wrote: »

I'm going away later today for a few days - fill in part of the half term with the kids, so I've just taken a quick look and caught up with the registrations before I leave. Apologies for delay - massively busy, both at work and home.

Three just now, as follows:

88. samtoby. Reduce my mortgage from £110,920 to £85,920.
90. babyb06. Reduce my mortgage from £247,000 to £200,000.
92. icontinuetodream. Reduce my mortgage from £57,000 to £10,000.

I'll try and PM every one above.

Thanks for showing an interest,
FB.

Hope 88 is a lucky number!

SmileyG_2

icontinuetodream wrote: »

think i have registered...bit of a dunce when it comes to computers though!!! have failed miserably on the mfw2012 challenge but intend to make sure that nothing else sidlines me from now on!!:D

I'm not sure that paying off almost £4,000 constitutes a miserable failure... That's £4,000 more than most people!

SmileyG

SusanneCape

samtoby wrote: »

Thank you. I am hoping I can make some real headway once we complete. its been a long old journey to here! I wish I could achieve more like reducing it by 50k - but I think it all has to be looked at realistically. No good setting something you will never achieve! I am looking forward to this journey

Hi,

Here's sending you some good vibes for a smooth and speedy completion :cool:! It does not matter by how much we overpay, as long as we make some effort when we can. I can't wait to be mortgage free. It would give me a real thrill when my bank realise that they no longer have any financial hold over me or own any part of my property. Ok, I am being tactful here, I would probably go in and stick a finger up at them before happily skipping into the sunset .....

samtoby

SusanneCape wrote: »

Hi,

Here's sending you some good vibes for a smooth and speedy completion :cool:! It does not matter by how much we overpay, as long as we make some effort when we can. I can't wait to be mortgage free. It would give me a real thrill when my bank realise that they no longer have any financial hold over me or own any part of my property. Ok, I am being tactful here, I would probably go in and stick a finger up at them before happily skipping into the sunset .....

I really want to get the balance down before we have another child. I have a son of 8 from a previous relationship and I can not wait to have a baby but our income will drop and I want to be prepared for that. My partner has some credit card debt as well which is shocking apr wise but that will be knocked off very soon..... :eek:

Maximum with Halifax is 10% so I am assuming that is 10% of the balance every year so it will decrease each time - what I would like to know - does that include the payments I make as standard as well?

I am hoping in the next year - as soon as we complete - I can make some real head way. And then present it to my partner how pleased I think he will be

samtoby

And I am looking forward to seeing how everyone else is doing!

icontinuetodream

SmileyG wrote: »

I'm not sure that paying off almost £4,000 constitutes a miserable failure... That's £4,000 more than most people!

SmileyG

Thanks SmileyG It's just that I sort of reset my target earlier in the year and thought I would be able to pay off a huge amount more...but life conspired against me (as it has a tendency to do!!;)) and it went pearshaped!! Never mind though...I am paying it off quicker than I should and will continue with it with the motivation, support and inspiration from all you lovely people!! :T

I_want_a_baby

Hello everyone!

Would someone be kind enough to register me on this challenge. We have a very weak internet connection which won't load the registration page for some reason - not getting proper connection until 4th Dec :eek:!

Having just moved into our first mortgaged home we are intent on OP'ing as much as we can (with me being a SAHM).

So our challenge is to reduce the mortgage from the starting point of £97500 to £84000 during the 3 year challenge. This is a very ambitious target for us but need something to really strive for.

Thanks

Stacey x