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

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  • hiddenshadow
    hiddenshadow Posts: 2,525 Forumite
    Just submitted my form, somehow I'd gotten it into my head that I had until the 29th. Will update my calendar reminder for next time!
  • mrsp1987
    mrsp1987 Posts: 815 Forumite
    Fourth Anniversary 500 Posts Wedding Day Wonder Cashback Cashier
    Yay, I'm in the yellow and 1/5 of the way to target! Only £684 behind and I should be able to make another £500 O/P in the next week or two.

    Even if you are in the red and not hitting your target each and every overpayment you make us taking you closer to your overall target.
  • kizzie01
    kizzie01 Posts: 38 Forumite
    Can I please join this challenge or am I too late?
    GC Dec £47.09/£100.00
    MFiT-T4 Reduce mortgage by £20,000
    £52,679.18/£54,642.59
    Nov 16 OP £340.41, Dec 16 OP £351.93, Jan17 OP £108.17
  • CathT
    CathT Posts: 7,133 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Happy to be out of the red. I will be in the green by the next update :D
    June 2025 - part 1 - £19,145 part 2 - £21,973 Total - £41,118 29 months to go!
  • As I suspected, firmly in red territory now. I am not alone. . . . . . . Not too many of us in red or amber who have updated so far!
    SL
    Just remember it's a 3 year challenge . . . . . . and it can all change, those doing well just now, could lapse :eek: and those in the red, can play catch up :)
    mrsp1987 wrote: »
    Even if you are in the red and not hitting your target each and every overpayment you make us taking you closer to your overall target.

    Exactly ! ! Keep o/ping, doesn't matter how little, just keep going, it all adds up in the end, taking you that bit closer each time :)
    Always have 00.00 at the end of your mortgage and one day it will all be 0's :dance:
    MF[STRIKE] March 2030[/STRIKE] Yes that does say 2030 :eek: Mortgage Free 21.12.18 _party_
    Now a Part Timer from 27.10.19
  • Well done everybody!

    I've just updated a little late too, almost forgot it was this month!

    Due to house problems (and a challenge with my building surveyor who missed some pretty major structural problems!) I am taking a little break from overpaying (so will be in the red now :eek:). I would like to stay in the challenge though and will keep updating but may need to amend my target once I know exactly what's what with the house.

    For now, good luck over the next three months everyone! :beer:
    MFiT-T4 #75: £142,480 to £86,700 by Jan 2019
    [STRIKE]Feb16: £142,480[/STRIKE]. [STRIKE]April16: £138,900[/STRIKE]. [STRIKE]July16: £132,242[/STRIKE][STRIKE] Oct16: £129,824[/STRIKE], July17: £115,841
  • trix-a-belle
    trix-a-belle Posts: 1,532 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Mortgage-free Glee!
    That doesn't sound good Georgie I hope you can make a claim against them for the costs to resolve due to them missing stuff! You're not quite in the red, still amber so keep on going, it's a marathon not a sprint.

    SL your strategy makes sense, you are in a great position rate wise so don't worry about the colour, you are playing the long game.
    - Mortgage: 1st one down, 2nd also busted
    - Student Loan gone
    Swagbucks, Mingle, GiffGaff, Prolific, Qmee & Quidco; thank you MSE every little bit helps
  • Floxxie
    Floxxie Posts: 2,853 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Ok, well lots has happened since I last updated! Firstly my mortgage balance has gone up because I have had to spend my savings :(
    However I have sold (subject to contract) a house, am about to rent out my own house and move into a cheap rental in the countryside.

    So if everything goes ok, I shall be paying off the mortgage on my house (soon to be rental) to the £30,000 level meaning I shall hit my target :j:j
    Mortgage start September 2015 £90000 MFiT #06
  • Anagran
    Anagran Posts: 178 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Just had a look at the chart and am very pleasantly surprised to be in yellow as I was convinced it would be red. Well done everyone who is taking part.
  • Hello. Where can I see the latest chart please. I am number 42. Thanks.
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