The Mortgage Free in Three - Take 4 challenge (MFiT-T4)

SuperSecretSquirrel

First update already... Doesn't time fly?

Mortgage: -£31,246.39
Tax: -£616.53
Cash: £43,069.43
S&S: £8,250.58
MN+: £19,457.09

We need to increase that MN+ number by an average of nearly £3,800 per quarterly update if we are to hit our target of mortgage neutral +60k by the end of the challenge. We're off to a good start having increased it by £4,724.01 this first quarter I doubt it will always be such smooth sailing though!

ourcornercottage

no 12 updated with a £4300 reduction in the first quarter and a balance of £122700 left.

Target is to reduce by £3333.33 per quarter so a very good start

Rachiedabbler70

Hi number 49 here. Managed to meet my target. I am including some of my savings in the reduction as it is earmarked for mortgage overpayment in a year's time when the savings interest rate drops from 6% on my regular saver account. I only pay about £4 interest per day as mortgage rate is 2.34%. Looking forward to seeing everyones results. Good luck

princess295

Number 33, sadly no overpayments made due to trying to pay off credit card so just been paying my standard monthly mortgage payment. Balance now 68,017.79.

shangaijimmy

#8 reporting in with update number 1 (come around so quickly).

Balance submitted via update form at £121,584.14. Pretty sure that had me on track, so eagerly awaiting the chart to see my colour, which i will reflect as the came colour of my figure in signature!

Karona

no 35 updating £34,635, behind schedule but not worried have a car loan to pay off first due to end 4 years time WILL be gone by Xmas then every penny will be thrown at the mortgage :-)
some amazing totals from others well done its very inspiring

dark^knight

Have just made the first update...manage to OP about 5k, so the balance is down to 95k.

Feels good

mrsp1987

Aaargh, had a cold and not been well recently. Totally forgot about this and I imagine I'm too late!!!
Aim is to reduce my mortgage from £99,320 to £80K. Currently at £98,283.13 + have £249 in savings towards it so am at £1276.63

trix-a-belle

No you haven't MrsP so i've just added you in, I have been having a few issues on the formula front & the real work front but here we are Chart 1

If you spot any errors please flag up here & if possible submit a form.

Well done everyone, thank you so much for all the update forms, the progress is looking great but this is a marathon not a sprint

Floxxie

Thank you so much. I thought I would be way off target but feeling motivated now :j:j