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

Suffolk_lass

I would like to sign up again please - I was number 2 last time - that would be great but I am also 107 on the one year challenge (I promise not to muddle them up). I plan to completely clear my mortgage but as I have not finished over on T4 I can't tell you my start figure yet!

pavlovs_dog

I'm back to play! Huge thanks to Trix for running the thread again :beer:

I'd like #29 again if possible. Starting at £73,500 and aiming to get to £43,500, £30k wiped off our balance. Capital reduction and our built in OPs will take us to £25k. We need to find the remaining £5k over the 3 years to hit our target

Brodiebobs

Long time lurker who needs to commit to a challenge here, prompted by o MSE'ers brilliant progresses.

Just signed up to the rather ambitious (for us) reduction from £129,720 to under £100,000 (£99,999) to be precise.

Look forward to seeing everyone's progresss

twinklie

I’ve not been able to join anything like this for over 6 years. I cannot tell you how excited this makes me. My aim is to reduce my mortgage by 30K.
I’ll probably run a bit behind initially but then I hope to SMASH it! I need to focus on clearing my debts this year. But then I’m hoping to OP with more regularity!

I’m genuinely super excited for this! :j

Urbanshyne

Hello all,

I haven't tried this challenge before, so I'm new to this game. I've been posting regularly on the yearly Mortgage Free Wannabe threads but really I've been waiting for a new MFiT thread to come up!

My current mortgage balance stands at £48,865 and it's my intention to clear that within 2 years. I hope to be mortgage free for Christmas 2020.

Good luck to everyone.
US

trix-a-belle

Wow so many familiar and new faces already!!
i'll gradually work through assigning numbers over the next week, newbies i'll sort the old timers first who want to keep previous numbers so bear with.

Announcements..

Maybe its Because please can you pop a registration form through with your objective so i've got it committed (Google Docs commitment is as close as I can get to a signature in blood via the internet )
SL you can always give me a rough starting figure now and update more accurately later sweetie
Twinklie Please can you put your registration form through again, if I understand what you've said you are an object 2 (reduce from £X to £Y, rather than objective 1 £X to £0) & I need to know your actual starting balance for the challenge, you can always give a current estimate of your starting balance now so I can get you locked in then update to an accurate starting figure later.

Thanks
Trix

twinklie

trix-a-belle wrote: »

Twinklie Please can you put your registration form through again, if I understand what you've said you are an object 2 (reduce from £X to £Y, rather than objective 1 £X to £0) & I need to know your actual starting balance for the challenge, you can always give a current estimate of your starting balance now so I can get you locked in then update to an accurate starting figure later.

Thanks
Trix

You were correct.
I hope what I’ve put through makes sense. If not I promise not to submit anything after a few drinks again! :beer:

liuhutOz

Hi all
My mortgage currently stands at $560,000. A lot of money and way more than I want it to be at. I would love to get it down to $440,000 in three years.

julicorn

Thanks so much for running this challenge again, trix-a-belle! So excited to join this one.

Our goal is to get the mortgage below £100k. It's a real stretch (our current overpayment plan would only get us to £113k), but a little bit of optimism has never hurt anyone!

greent

Will complete my registration form now - have done 2 of these before when clearing our personal mtge. Goal this time is to reduce BTL mtge by 20k (keeping it relatively low as we have a big family holiday planned next year - that's more important! :T)