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

icontinuetodream

Have updated my starting balance on the form....not a huge difference really but don't want to cheat!! Good luck everyone!!:D

Trying_to_be_good

Wondering if I've bitten off slightly more than I can chew with this target to clear the mortgage - it relies on me taking my early release, i.e. redundancy, from my current job and finding another one that pays well enough but is much more enjoyable. Nice plan, though!

Need to update my sig but all very difficult when typing on a phone...

Happy Christmas, everyone, and Happy New Mortgage-Free Challenge!

SuperSecretSquirrel

#47 reporting for duty!

My true starting balance is £81,054.55, and the target remains 60k by 12/12/15.

I have a diary here https://forums.moneysavingexpert.com/discussion/4167417, it would be great if you could add to the first page listing please FB

Good luck everyone!

Edit: Have used the update form to submit accurate start balance and diary url

Kwaker_Knacker

Updated my starting balance using the update form. Only £50 less than I thought it would be, but pays to be honest

Thanks,

K_K (MFiT #65)

muddywhitechicken

I've updated too

Thanks FB,

MWC No. 102

Mardybum15

Off to update my form now. Does this thread stay fairly busy throughout the challenge? Not sure I am ready to commit to a diary, but it would be good to have regular updates of everyone's progress.

Good luck everyone

Shineyhappy

Yay day one on this challenge. My happiness is reduced by the fact I can't make any big OPs till May, but we have cut down our term from 22 to 15 years so we should be paying nearly £600 off the capital every month. My first update in 3 months will only be £1800 but the next one will be much higher as then we will have another 10% we can OP in May.

Hopefully it will be a wonderful yet frugal Christmas for everyone. Luckily I save my survey vouchers towards presents so have saved quite a bit by giving leisure and book vouchers from CP and buying off Amazon with Toluna/SBs.

SusanneCape

Good morning :wave:,

I just wanted to wish everyone a good start to the challenge. I am looking forward to results each quarter and want to thank FB for all his hard work.

There was an article in the newspaper yesterday (I think it was the Evening Standard) where they talked about a drop in mortgages for first-time buyers, but an increase in people becoming mortgage free. It made me chuckle as I am sure that people in this forum contributed a great deal to such increase. Well done :beer:!

black_taxi_2

notice a lot of banks are dropping there saving rates again

No point giving them your money for cheap return

Pay off mortgage

black_taxi_2

Bank of England

Mr Carney, who replaces Sir Mervyn King next June, used a speech to suggest central banks should not worry about inflation but instead target keeping interest rates low to reduce jobless figures.

Made speech last week