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The Mortgage Free in Three - Take 5 challenge (MFiT-T5)
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Amazing LomecevakMortgage Aug 2019 161,000 :eek::eek::eek:Nov 2019 156,500:T Jan 2020 153,122:T, Apr 2020 149,500, Apr2021 139, 675, Oct 2021 136,823, Dec 2021 136,120🙂EF 0/12,000 (0%)😕 (5062.44 was ERC), Jan 2023 128,650. Our Mortgage is never going to be as high as it is today. :jOnwards and downwards to a better life for our family. :jJust keep swimming2
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Just submitted my update. We have slowed down our payments due to the current situation. The recalculation of the mortgage after the base rate change means our mortgage payments are now less that £13 a month. I've rounded it up to £100 but am waiting til the end of the month to see what the impact on our wages has done - DH is furloughed and I'm self employed (and unable to claim anything). Still hoping to have paid it all off by August
Total OPs 2012 - 2019 £39744.75Target 2020 £18500/£1850001/05/2020 MORTGAGE FREEMFiT-T4 #03 MFW2019 #36 -
Just updated. Only £14000 left to go.
Neither a borrower or lender be; for loan oft loses both itself and friend.6 -
Well done! Ours has nudged under £10k but I have slowed right down - it is that dilemma, keep a bigger than normal emergency fund, or pay it down/off. DH will get a little from his Mum's estate in due course. That might be the time to have that conversationUrbanshyne said:Just updated. Only £14000 left to go.Save £12k in 2025 #2 I am at £4863.32 out of £6000 after May (81.05%)
OS Grocery Challenge in 2025 I am at £1286.68/£3000 or 42.89% of my annual spend so far
I also Reverse Meal Plan on that thread and grow much of our own premium price fruit and veg, joining in on the Grow your own thread
My new diary is here4 -
Thanks, I noticed that our trajectories were similar - I should be below £10k in June. And for better or worse, I'm paying down my mortgage despite coronavirus. I've come this far and just want it finished before the year's out.Suffolk_lass said:
Well done! Ours has nudged under £10k but I have slowed right down - it is that dilemma, keep a bigger than normal emergency fund, or pay it down/off. DH will get a little from his Mum's estate in due course. That might be the time to have that conversationUrbanshyne said:Just updated. Only £14000 left to go.Neither a borrower or lender be; for loan oft loses both itself and friend.5 -
Morning to all, I have just submitted my update, not where i'd like it to be but it's coming down and thats the main thing
Just wish it was a lot faster 
MFiT-T7 #17 (Jan 2025) £193k (Apr) £177k (July) £
SPC 18 #6 £315.70(04/08/25)
SPC’s (1)£27.19 (2)£728 (3)£1471 (4)£357 (5)£435.18 (6)£1114.92 (7)£1492 (8)£392 (9)£1952 (10)£1866.65 (11)£1177.74 (12)£1445.39 (13)£1608 (14)£603.30 (15)£672 (16)£2563 (17)£1300 (18)£2 -
Congratulations all!
Just checked our balance (wish I didn't have to actually RING the building society to do it but there we are). We took Mr Cheery's pension lump sum recently and were planning a large overpayment, but with the current situation as others have said things feel so uncertain so we're going to keep hold of that for now.
We did just increase the monthly payment though, which means we're now overpaying £80 a month from 1st May, so that should start chipping away at things a little more (and has taken another 2 years off the end date, hooray!)
Balance is currently £196,800 though so still a LONG way to go!
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Well done CD, nice to know you have the money if needed and then if not a nice lump sum payment to makeMortgage Aug 2019 161,000 :eek::eek::eek:Nov 2019 156,500:T Jan 2020 153,122:T, Apr 2020 149,500, Apr2021 139, 675, Oct 2021 136,823, Dec 2021 136,120🙂EF 0/12,000 (0%)😕 (5062.44 was ERC), Jan 2023 128,650. Our Mortgage is never going to be as high as it is today. :jOnwards and downwards to a better life for our family. :jJust keep swimming3
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Morning all, and congratulations on all the overpayments made so far
I've just realised that I didn't update for chart 4 so I've just submitted two updates. As of today, our mortgage balance stands at £207,776.00 down from a starting balance of £220,000 so we're currently on track to still hit our target of £190,000 by the end. Though I will be having a baby in July, so I imagine that's going to somewhat slow down our progress temporarily.....MFW2023 challenge #99: £1090.11 / £1,000 MFiT-T6 (Jan 2022 - Jan 2025) challenge #99: Reduce mortgage to £400,000. Current balance = £413,551.19 Initial MF date (23rd Aug 2022): Sep 2051 Current MF date: Jul 2051 Last updated: 15/06/20236 -
Congratulations on the baby pinknsparklyMortgage Aug 2019 161,000 :eek::eek::eek:Nov 2019 156,500:T Jan 2020 153,122:T, Apr 2020 149,500, Apr2021 139, 675, Oct 2021 136,823, Dec 2021 136,120🙂EF 0/12,000 (0%)😕 (5062.44 was ERC), Jan 2023 128,650. Our Mortgage is never going to be as high as it is today. :jOnwards and downwards to a better life for our family. :jJust keep swimming3
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