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

Isca

I've just registered for the challenge and can't wait to get started. I'm aiming for £25k off the mortgage in 3 years which would be fab!

abouttimetoo

Hello all, I'm number 4 from the current MFiT T2 challenge. I've just registered to join this one using the new snazzy form that our wonderful FB has designed!

I'm looking forward to keeping the challenge going on the new T3 version so hope to hear from lots of 'old faces' as well as see lots of new folk join this one

Can't wait to get started

I'm only putting my IO part of the mortgage onto this challenge and I think my starting figure will be £64,500 and my target will be to get it down to at least £35, OOO by the end of the challenge

Regards
ATT

teapot2

Just signed up for the new challenge - bring it on . Have just met our target for MFI3 T2 challenge 3 months early so feel inspired to try and clear the rest of the mortgage which currently stands at £29964. Good luck everyone, Teapot

financialbliss

Think I've got a bit of man-flu. Gave up on trying to drown the symptoms with wine and now on lemsip.

Just a heads up, as I've been missing in action for a few days. There's a few people waiting for challenger numbers, links to diaries and the like, and I'll try and catch up tomorrow.

Off for a (nearly) early evening.

FB.

diadeb

Gosh.....been off the scene over the summer, holidaying, going to the Olympics, Paralympics and replacing cars......so lots of updating accounts in the next few months to get back on track!

I am currently no 34 on the MFI3 T2, but I see I've missed the boat for that number, so I'll take whatever I'm given!

I've just slipped into the red in the last 3 months on that challenge, which is a shame but not surprising (based on the first sentence!) It is incredibly motivating to be part of the challenge and no doubt we have cleared/offset more than we would have done if not part of it.

I have done a mixture of paying off the mortgage/offsetting and plan to do the same with this challenge, reducing our mortgage by a further £50000. I have currently reached 84% off my previous target of £66471, so I hope I will at least hit 90% before starting this challenge.

Good luck everyone and enjoy the challenge. Thanks again FB, you're a star and soooo organised.

financialbliss

I created 11 or 12 new numbers last night, but as you have do PM everyone at one minute apart and it was getting late, I'll PM everyone this evening.

If you look at the Chart01 - see first page of thread for link, you'll get your number.

Cheers,
FB.

financialbliss

Quick update of challengers allocated yesterday. None today :eek:

51. someday soon. *** Objective to be set ***
52. the end of the rainbow. Build up my savings from £0 to £40,000.
53. ammonite. Build up my savings from £0 to £40,000.
54. unhappy_shopper. Completely clear my £115,000 mortgage.
55. chocoholic_chic. Reduce my mortgage from £98,500 to £76,000.
56. Moneybag. *** Objective to be set ***.
57. Isca. Reduce my mortgage from £55,000 to £35,000.
58. ShALLaX. Completely clear my £73,391 mortgage.
59. abouttimetoo. *** Objective to be set ***
60. teapot2. Completely clear my £29,964 mortgage.
61. diadeb. Reduce my mortgage by £50,000

abouttimetoo - your PM box is full and I couldn't PM you.

Links to diaries tomorrow.

FB.

financialbliss

Just one new challenger today:

62. bownyboy. Reduce my mortgage from £125,00 to £68,000.

I've send the obligatory PM.

Links to diaries, hopefully more charts and a bit of catch up on this thread over the weekend.

FB.

shala_moo

Hi all..

just sent off my form

I had a family house loan of £17k and mortgage of £166k at the start of the year which i class as a total mortgage figure.. hoping to get it to £172k by December but may just miss the mark. I will update my challenge figure when i know the exact figure if that's ok?

So my challenge is to reduce from approx £172k to £127K in three years.

Good luck to everyone and thanks FB for doing this again (had to drop out of the last one as we doubled our mortgage when we moved house!)

abouttimetoo

abouttimetoo wrote: »

Hello all, I'm number 4 from the current MFiT T2 challenge. I've just registered to join this one using the new snazzy form that our wonderful FB has designed!

I'm looking forward to keeping the challenge going on the new T3 version so hope to hear from lots of 'old faces' as well as see lots of new folk join this one

Can't wait to get started

I'm only putting my IO part of the mortgage onto this challenge and I think my starting figure will be £64,500 and my target will be to get it down to at least £35, OOO by the end of the challenge

Regards
ATT

financialbliss wrote: »

Quick update of challengers allocated yesterday. None today :eek:

59. abouttimetoo. *** Objective to be set ***

abouttimetoo - your PM box is full and I couldn't PM you.

Hi FB, sorry, I've deleted some from my PM box now. I did put my objective on here and also sent it when I registered for this challenge using the new Google docs form so I'm assuming you didn't get it? Not to worry, so I'll do it again and also drop you a PM too.

Thanks for doing this all over again, you are a glutton for punishment

Regards
ATT