We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Mortgage Free in Three - Take 5 challenge (MFiT-T5)
Options
Comments
-
Green for the first time
MFW 2025 No. 7 £1130/£1200
MFiT-T7 No. 6 £2873.51/£30,0002 -
Ooh, I'm £668 behind the 50% target - will make sure I've caught up with myself by next time!1
-
try that, it had got muddledinigma said: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.- Mortgage: 1st one down, 2nd also busted
- Student Loan gone
Swagbucks, Mingle, GiffGaff, Prolific, Qmee & Quidco; thank you MSE every little bit helps1 -
Thanks so much for doing the chart Trix-a-belle, it’s hugely motivating. I’m really happy I hit my target, now to re-adjust what I’m aiming to get to by the end of the challenge as I may have aimed too low having never overpaid before. I didn’t realise what a big difference the overpayments would make. I’m so glad I joined this.“Just keep swimming, swimming, swimming” 🐠https://forums.moneysavingexpert.com/discussion/6098084/discount-duck-s-quest-for-mortgage-freedom#latest5
-
Hi trix-a-belle, sorry I have been away from the forum for a little while but have updated the charts as to my current position. I know I will be in the red but being a bit cautious with what's going on. It's going to a challenge but I think I will be able to do it 01.05.2019 - Re-Mortgage - £142,000 :eek::eek::eek: Total overpaid to date: £15,584.33.
MFW #52 £9000/£120005 -
Someone else that has been away for a bit, I will update now. I may reduce my target so I can invest a bit more.Without overpayments: 15 years, 1 monthsBecause of overpayments: 10 years, 10 months left until paid off3
-
thanks for all the catch up updates & new joiner, i've just been through and had a sweep up so should all be up to date.
I can't believe we are half way through this challenge!- Mortgage: 1st one down, 2nd also busted
- Student Loan gone
Swagbucks, Mingle, GiffGaff, Prolific, Qmee & Quidco; thank you MSE every little bit helps4 -
Just bumping as it's nearly time for the next update.
I can't update my total just yet, but I expect to stay just under target (yellow). We have put the shortfall in savings instead of overpaying the mortgage. It feels safer to have in savings for us at the minute with me undergoing a restructure at work and hubby having a tough time at work.Reduction in daily mortgage interest since October 23 (new mortgage) - £2.36 July 25
% of house owned/% of mortgage paid off. July 25 - 38.82%/31.66%
MFiT-T7 #21
MFW 2025 #2
MF Date: Oct 37 Feb 374 -
thanks for the bump Twinklie. I hope everything works out for you, definitely sensible to have access to cash if you might need it
looking forward to seeing peoples updates- Mortgage: 1st one down, 2nd also busted
- Student Loan gone
Swagbucks, Mingle, GiffGaff, Prolific, Qmee & Quidco; thank you MSE every little bit helps4 -
sent my update in so I don't forget. Looking forward to seeing how everyone is doingknow thyselfNid wy'n gofyn bywyd moethus...2
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards