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Mortgage Free in Three Yrs

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Comments

  • catshark88
    catshark88 Posts: 1,099 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Mortgage-free Glee!
    Hi Everyone,

    Just a note to say that I have met my challenge amount! Mortgage at start of challenge was £273k and is now just under £221k, a difference of approx. £51k.

    We won't be able to keep that pace up (sadly) as it included some premium bonds and a small PEP but we'll do all we can!

    I am going to set myself a new target of getting to under £200k by the end of this challenge. It will be hard as we are getting some work done to the house this year, but nothing ventured...

    Happy New Year to you all.
    "Have nothing in your houses that you do not know to be useful, or believe to be beautiful." William Morris
  • AnW'sMum
    AnW'sMum Posts: 4,416 Forumite
    Part of the Furniture Combo Breaker
    that's brilliamt news catshark, well done :)
    Official Mascot and Chief Cheerleader for the 'Mortgage Free in Three' Gang :D
  • Hi,

    I was just reviewing the list of all the MFiT challengees - more than 130 and counting !!

    And there's a spin off MFW newbies 2008 thread, too.

    It's fab, and I can't quite believe just how much this MFW thing has taken off. Haven't got anything in particular to say apart from "wow", and I'm so glad I'm part of this.

    OK - will stop rambling now :D

    Looking forward to the updates, TallGirl

    FG
    MFiT-T4 Number 68
    MFiT 4 Goal - Build up savings (SIPP, ISA etc.) to £250k . Current balance £174748 (1/8/16).
    Crazy goal - £500k by Jan 2026.

  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    DD

    I'm not very experienced at PMing but I thought I had sent you my figures:o...anyway, they are as follows:-


    These are the figures I sent TG. I can't be MFi3 so I hadn't realised I could join in. We hope to be free in 5. My figures are
    1.4.07 £182,557
    1.10.07 £168565
    1.1.08 £162827

    This last figure might change yet. My (our?) quest is to pay off £75k in 3 years. We have an endowment with a min pay out of £35k with Norwich Union due to pay out in 2012, so our aim is to be MFi5....

    Hope this is the right info. Thanks for my quest number :j:j:j:j

    Mrs SMF
  • TallGirl
    TallGirl Posts: 6,234 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Thanks SetmeFree2 you did PM me but I could not put you down as MFi5 so now you are down as a target to reduce your morgage by £75,000 in 3 years.

    Still got 30 who has not updated since last chart and the 15 who are about to come off.

    Also if any of you newbies want to be on the chart please PM me the ones currently NOT on the chart are

    119. monkeymutz
    120. rockrat
    123. Miss_Pink Thanks you are now on the list
    124. Galster -
    125. tattycath - Thanks you are now on the list
    128. OverlandLandy -
    130. catznine - Thanks you are now on the list
    131. setmefree2 - Thanks you are now on the list
    132. Lexxi - Thanks you are now on the list
    Save £12k in 25 No 49
    PB Win 21 £225, 22 £275, 23 £900, 24 £750 Balance Dec 25 £32.7K  
    Plan to move to Denmark for FIRE by Autumn 2025 “May your decisions reflect your hopes not your fears”
    New diary aiming for fire https://forums.moneysavingexpert.com/discussion/6414795/mortgage-free-now-aiming-for-fire#latest

  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    Thx TG - This might be abit thick but - can anyone tell me how to add a signature!:o
  • djbd1973
    djbd1973 Posts: 508 Forumite
    Part of the Furniture Combo Breaker
    setmefree2 wrote: »
    Thx TG - This might be abit thick but - can anyone tell me how to add a signature!:o

    Go onto user CP, and the new window that comes up will have a panel to the left and your signature options are in there.

    Good luck
    Gordon Brown ate my hamster
  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    Thanks for that djb
  • dawnylou
    dawnylou Posts: 3,135 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Name Dropper
    TallGirl wrote: »
    Still got 30 who has not updated since last chart and the 15 who are about to come off.

    Hi TG - I promise I haven't forgotten, my £50 from Quidco is in my bank account as we speak. But am waiting for my £20 from Ebay to clear too. As soon as this happens will make a payment, ask for balance and will PM you! :)
    Dream of being mortgage free....
    APR 2007 - £109,825 FEB 2012 - £98,664.53:beer:

  • Got a letter from Nationwide today. My last £500 overpayment at the end of Dec 2007 has pushed my monthly mortgage payments down to £663 approx. That's over £20 off from the start of the year. Hoping to put in another £500 in February as I need to pay of my Xmas spend first!

    So I'm on track to take £18k off my mortgage in 3 years although I'm hoping to take off more than that.
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