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

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  • Cheery_Daff
    Cheery_Daff Posts: 15,737 Forumite
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    Update sent, and yet again I've asked the building society if we're ever going to be able to check balances other than by ringing up and speaking to someone :lol: Got very excited when the woman said yes! I can use online banking! I queried as it's never been available for mortgages, but she said yes (but it's very basic) - however it won't actually let me register with a mortgage account number, so it seems she was mistaken... Sigh. And they only give the balance rounded to the nearest hundred (but that was close enough to what my own spreadsheet said that I'm going with the exact number this time)

    Hey ho. Only £194,734 to go... :open_mouth::lol: 

  • Ellie78
    Ellie78 Posts: 195 Forumite
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    Completely forgot that I signed up for this challenge.    Sent in updates for chart 4, 5 and 6.  Thanks!
    Mortgage - £23,500 remaining
    MFW2021 #8 - £2,519.77/£3,000
    Overpayments: 2020 - £4,722.83 / 2019 - £16,042.00
  • julicorn
    julicorn Posts: 2,283 Forumite
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    Just sent in my update :) I'll be sending in an adjusted mortgage balance from now on, because we've hit our overpayment limit for the year, so I'll be updating with the mortgage balance minus the overpayment savings pot. 

    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Mortgage neutral: September 2022, mortgage redeemed: December 2022
    New house, new mortgage: December 2022, £276,007
    Current balance: £217,800 minus £8,300 overpayment savings pot
  • pinknsparkly
    pinknsparkly Posts: 542 Forumite
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    Thanks so much for this Trix, and I'm back in the green - woop woop!! :D:D I've been in the yellow for the last few quarterly update, so was making decent overpayments but not quite enough to hit my three year goal. This month I had a large lump sum income (£600ish) that I was able to throw at the mortgage in addition to my normal overpayments. Now I'm at 51.2% (green is 50%+) so that should hopefully give me a bit of wiggle room going forward.
    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: 15/06/2023
  • julicorn
    julicorn Posts: 2,283 Forumite
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    I can't believe we're halfway through this challenge already!  :o<3
    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Mortgage neutral: September 2022, mortgage redeemed: December 2022
    New house, new mortgage: December 2022, £276,007
    Current balance: £217,800 minus £8,300 overpayment savings pot
  • longway2go
    longway2go Posts: 1,006 Forumite
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    Thanks for the chart. I know I'm behind but still pleased as when I set my target I had no idea what was going to work for us and pleased we are overpaying. Well done everyone 
    Mortgage 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 swimming
  • trix-a-belle
    trix-a-belle Posts: 1,482 Forumite
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    julicorn said:
    I can't believe we're halfway through this challenge already!  :o<3
    I know!! where is the time going!

    longway2go don't worry its a marathon not a sprint & any progress is better than none
    - Mortgage: 1st one down, 2nd also busted
    - Student Loan gone
    Swagbucks, Mingle, GiffGaff, Prolific, Qmee & Quidco; thank you MSE every little bit helps
  • inigma
    inigma Posts: 191 Forumite
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    Hi I just resubmitted my form, I think the person beneath me has my value, I might have put the wrong number down when i sent my form through a while back, OR the person beneath me has the same balance as me.
    06/06/2023 mortgage mort dateJUST BRING IT
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