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

gallygirl

Kwaker_Knacker wrote: »

Well folks, been to my local Nationwide branch this morning (ended up a rush as we forgot to take a letter with our account details on it. They could have probably retrieved them without it, but wanted to seem organised :rotfl:), and handed them 2 cheques totalling £21770 to fully clear our mortgage :j:j:j

Thanks to a 5 year share scheme maturing, we had £18k on one cheque, and knowing that scheme was coming in, I sold some other shares 4 weeks ago (I'd set myself a minimum price on them as they were heading downwards. They hit my min, and as soon as I sold them, they went back up :rotfl:) and that money made up the difference.

It's been quite a slog to get to this day. We initially had a company share scheme set up 7 years ago, but after 2 years the price had fell a lot and we were advised to cancel it and start again (got all our money back). So really, for 7 years we have gone without quite a bit. No holidays abroad until May this year, no hols at all until 4 years ago, had a few nights out, but you could count on 1 hand per year how many we did have, my car is ancient, tho it runs like a dream mind so I don't want or need to get a newer one, same with my motorbike, it's old but reliable (but I would really love a newer one ), so while our friends were having nights out, lots of holidays etc we'd be in wondering if it was all worth it. Well let me tell you, as of today YOU BET YOUR !!!! IT WAS!!!!! :rotfl:

I wasn't really that savvy with paying off the mortgage when we first started the scheme, I just knew that if I made a profit I'd put it in the mortgage account. However, with the help of this forum, in the last couple of years I became a lot more aware of what I could be doing, so started regular overpayments of £200 a month.

As the mortgage came down, I started to work out how much the shares would have to get to for us to clear the full amount. The golden price was £1.72. Around this time last year, that seemed a long way off with them around 85p, but they've risen steadily especially from about April onwards, and they eventually got as high as £1.87 but have since fell back a bit. Anyway, I ended up selling and got a little extra over what was needed, so might just take the family out this afternoon for a celebratory outing :T:beer:

So, (I realise I'm waffling) I just want to say hang in there guys, keep to your goals and I'll keep checking in to look at the charts.

Good luck to everyone.

K_K

So..... that's what freedom sounds like .

Congratulations :T

Mrs_Money_Penny

Congratulations Kawer-Knacker. I can't wait but it encourages us all to hear stories like yours. Thanks

tattycath

Congratulations Kwaker_Knacker!
Looking forward to being mortgage free too-but it's a little way off yet.

Kwaker_Knacker

Hope no-one thinks I've posted up just to gloat, that's not my intention.

I know when I used to read of other people becoming MF, I used it as a positive that it can be done by anyone, and spurred me on to try just a bit harder so I could experience the same feelings as them.

Thanks for all the nice comments :T

K_K

Calfuray

Kwaker_Knacker wrote: »

Hope no-one thinks I've posted up just to gloat, that's not my intention.

I know when I used to read of other people becoming MF, I used it as a positive that it can be done by anyone, and spurred me on to try just a bit harder so I could experience the same feelings as them.

Thanks for all the nice comments :T

K_K

Gloat away! You have done brilliantly! Congrats

spidystrider

Well done Kwacker-Knacker :T I can't wait to join you, but it will be a few years yet.

SusanneCape

Congratulations Kwacker-Knacker, what a fantastic result. :beer: I am sure most of us don't think you are gloating at all. It is stories like these that spur the rest of us on to become mortgage-free. You and the family deserve a lovely holiday somewhere warm and exciting! Treat yourself! :):):):):):)

brizzledfw

K-K thats fabulous news..thanks for sharing and well done you!

someday_soon

Hi Everyone, first update for me of this thread - I have a new diary if anyone wants to see why, but I've stopped feeling sorry for myself:rotfl: and am proud to post that I only have £13,500 to clear the wretched thing!

Well done Krackers nackers by the way:D

Someday Soon

black_taxi_2

won't be making single figure mortgage,start of next month,killer car mot,annual service,£700+,springs!coils!brakes!etc,but I will deffo hit target dec!so will start next year!single figure mortgage.