The Mortgage Free in Three - Take 5 challenge (MFiT-T5)

taka

Number 45 reporting in with £4174.81 out of a tartget of £25k saved / salary sacrificed to pension / paid of my mortgage!
If my spreadsheet is correct that makes me whopping £8.15 ahead of target so far! :j :rotfl:

trix-a-belle

Please can I remind everyone to put a form in with MFiT-T5 Form
I won't take figures from the thread, if you can't use the form please PM me

selloptape

Just sent in a chart update for July - thanks for running the challenge trix:)

T._x

Update in for July - thank you very much. A little off target with taking a holiday trip this month, but will be back raring Aug.

Well done everybody

lindez

Update for July total so far over paid this year is £3971.00 edging my way slowly, though plan a big over payment later in the year. Well done everyone.

ilselm

#4 here. Submitted July form. Mortgage balance now stands at £109,000. So that’s a £6,406 reduction over the past three months, an £11,200 reduction since the start of this challenge and a total £141,000 reduction over the past six and a half years since the mortgage started �� Thanks,

inigma

Sorry Trix,

I have just submitted the form with a revised number, managed to forget an OP we had made!

Will add a link to my OP/mortgage spreadsheet to fill the form in when it is October.

Thank you for running this challenge.

julicorn

I sent through a chart update, although I'm hoping to make another overpayment after we get paid on the 25th Too late for this update though! Either way, we are all on track. I've got to admit, seeing the figures in April gave me a much-needed kick in the bum, and made me realise we need to aim for higher OPs each month in order to hit the total after three years. So this challenge is useful already!

zoot_ze

Hope it's not too late for me to join this challenge! I'm about to start a £180,000 mortgage with a 30 year term. Needless to say we want to pay this off a lot quicker than that! Aiming to reduce the balance to £160,000 by January 2022, which is the balance it should be in 5 years with only the standard repayments.


I've submitted the registration form so looking forward to starting on my MFW journey!

The_frugal_fairy

Just sent my update. We started the year at 42k now at 29k. This feels like a real accomplishment.