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

Mortgage_Minimiser

Amazing total Lomcevak! Well done you!!! That's an amazing feat... !

I'm waiting to see what my mortgage is after this month's payment registers tomorrow. I think it will be about a £47k reduction. Id love to beat that on the next challenge!

MM
x

Suffolk_lass

Lomcevak wrote: »

Final update from me: started on £134,986, and end on ... a green £59,907

So over £78k paid off over the three years, and I just squeaked past my target of £60k by a whole £93!

But when I set it at the start of MFiT-T4 I thought that £60k was pretty much impossible to hit, and would have been pleased to get under £70k, so very happy

Yes indeed, another amazing achievement

A_Frayed_Knot

Just updated my Final Update from #5

Never thought it would be possible in this time frame . . BUT . .

Balance 00.00 :dance: :j

Thank you for running this thread, has been immense help and encouragement
along my journey :heart2:

trix-a-belle

MFiT-T5 live https://forums.moneysavingexpert.com/discussion/5945459/the-mortgage-free-in-three-take-5-challenge-mfit-t5

I'll finish transferring over the Q&A post when I don't want to throw my laptop at a solid wall. Let me know if anything doesn't work as its not been a straight forward exercise due to technology. :wherestherollingeyessmileywhenyouneedit:

I can't quite believe we are nearly at the end of T4, where has the 3 years gone and what a path they have taken!

Mortgage_Minimiser

#59 checking in for the final time - now that my Jan payment has finally registered!

My target was to o reduce my mortgage from £234,787 to £195,000.

Today my balance stands at £189,188.56 :j:j

I am SO pleased with this. I smashed tagrgt and not only got into the 190s but the 189s. Plus even with my interest this month I will still be in the 189s. Such a good feeling.


Bring on the next challenge. Im secretly hoping to finish the mortgage during my 5 year fix (stared Dec 18). It will be hard but perhaps doable.... who knows!


Have a great day all

MM
x

selloptape

Final update from #21 complete. Didn’t make target due to having to spend money on renovations instead this year. Frustrating but very necessary, roll on the next challenge

Maybe_its_because

Hi,

Submitted my final update for this challenge.
Moved £ around to make it a nice even £161,000 which is a heck of a lot lower than I was expecting when I first set the £175k target 3 years ago.

In that time we’ve had another child, I gave up work, we relocated, moved house and renovated the new house.
Unbelievable levels of mortgage motivation from being part of this challenge through all these changes.

New target set for the next challenge.
We’ve been ambitious with MFiT5 so look forward to OPing with those of you continuing for the next three years.
Thankyou Trix and thanks also to you fellow OPers

MIB x

utopiah

Final update made for this challenge. We didn't quite meet the target only a mere £7769.65 short lol. I will be joining MFIT T5 but hoping to be MF by the end of the year. Mortgage now stands at £11,769.65 but we will have to keep something on the mortgage as we can't fully clear until March 2022 without incurring a £3800 penalty charge eeeeek!!!!! We are planning on getting it down to £1 and will declare ourselves as mortgage free when we reach this. So target will be £11,768.65

jodles16

I will be rolling in £1003 short! I am so pleased with this! We managed to remortgage at what I wanted as house was valued at £15k more, so that was good!


Jodles

shala_moo

Well done everyone:T - just about to send in my last update.

Target was to get from £116,871 to £65,000 (mortgage neutral rather than pay it off)

Please to say we are at £63,271.48 :T:T


Ready for the next onslaught of being completely mortgage neutral. It'll be a tall order as we're also doing some big jobs in the house too!