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

porgiegeorgie

Hi Trix and team!

July update also submitted.

I completely missed the last update! I'm 26 weeks pregnant and was in the throes of early pregnancy (well, until 20 weeks) nausea and vomiting when the last update was due, only remembered it last month!

I have no idea how I'm doing mortgage over-payment-target wise (not too badly, I think...) but seventeen months after moving into this house we've actually started to get serious about getting it into a more comfortable and liveable condition, it's funny how a hard deadline forces you into action

Mortgage is now down to £115,841 from £142,480. Feeling good

Keep up the good work everyone! :money:

SuperSecretSquirrel

Today is the halfway point!

I'm happy to report that we are more than halfway to our target

Mortgage: -£17,912.48 (Quarterly progress £2,234.56)
Tax: -£367.19 (Quarterly progress £133.58)
Cash: £40,313.69 (Quarterly regression £2,260.03)
S&S: £20,569.41 (Quarterly progress £3,643.93)
MN+: £42,603.43 (Quarterly progress £3,752.04)

The plan is to pay off the mortgage in January. We've been "virtually offset" or "mortgage neutral" for a while, but it's still weirdly exciting to think that we should now only have five more monthly mortgage repayments left!

Keep pushing everyone

Suffolk_lass

SuperSecretSquirrel wrote: »

Today is the halfway point!

I'm happy to report that we are more than halfway to our target

Mortgage: -£17,912.48 (Quarterly progress £2,234.56)
Tax: -£367.19 (Quarterly progress £133.58)
Cash: £40,313.69 (Quarterly regression £2,260.03)
S&S: £20,569.41 (Quarterly progress £3,643.93)
MN+: £42,603.43 (Quarterly progress £3,752.04)

The plan is to pay off the mortgage in January. We've been "virtually offset" or "mortgage neutral" for a while, but it's still weirdly exciting to think that we should now only have five more monthly mortgage repayments left!

Keep pushing everyone

Thanks for the reminder SSS - I'm not doing so well but I am off to do my update

A_Frayed_Knot

Update submitted, sorry for the last minute announcement, was away the long weekend and internet connection was practically non existent.

Eyes nearly popped out my head, when I had to do a double take - so near to my target goal at the end of this challenge and it's only half way through.

tattycath

I've updated. a long way to go to catch up with target but I am not defeated.

catriona79

I sent my update yesterday, sorry about the delay...
Need to get my skates on and build back up the savings!

Good luck to all!

trix-a-belle

bit busy at work this week (read insanity on various fronts plus migraine looming) so will likely do the chart release and stats on sunday

brizzledfw

NP Trix..thanks for all you're doing.

Hope migraine didn't materialise x

Suffolk_lass

I've updated but I am way off target. The reasons are numerous but mainly because we have the house on the market. And I need to make sure I have the cash available in August to clear the balance of an expiring 0% credit card deal.

Overall debts are reducing and savings creeping up - just not within my mortgage account.

Ditto Trix - no problem and hoping you feel better

trix-a-belle

Chart 6 has arrived, finally.

Thanks for the best wishes, migraine didn't take hold thankfully but work challenges continue to try and push it & all that i'm throwing at myself probably isn't assisting either.

So since chart 5 i've seen a lovely house, offered, put mine current house on the market, had lots of unrealistic ritas look round, accepted an offer on my lovely mortgage free house and by chart 7 should be in my new house, complete with larger than last time mortgage, am I bonkers? probably, so i'm now knee deep in solicitor and mortgage paperwork to get it all rolling as its a nice short chain & my agent is fab at lubricating things rather than the usual sitting back and waiting for their fee.
Not sure what to do with my current challenge target and new mortgage at the moment - ideas on a postcard please.....

SE work is trundling along, really need to grasp SEO and do more marketing to pick it up a notch from current but think i'll be getting all the house stuff out of the way first

am keeping my fingers crossed for you on yours SL, whatever is meant to be will happen