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

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  • Thank you for updating trix!  Unfortunately I have slipped further into the amber but still confident I will meet my target by the end of this challenge!
    01.05.2019 - Re-Mortgage - £142,000 :eek::eek::eek: Total overpaid to date: £15,584.33.
    MFW #52 £9000/£12000
  • pavlovs_dog
    pavlovs_dog Posts: 10,215 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I thought that I had sent my update through but the chart says otherwise so I have tried again
    know thyself
    Nid wy'n gofyn bywyd moethus...
  • trix-a-belle
    trix-a-belle Posts: 1,532 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Mortgage-free Glee!
    edited 30 January 2021 at 11:48PM
    I think I put it in the wrong line Pav, my eyes must have been screwey. now corrected
    - Mortgage: 1st one down, 2nd also busted
    - Student Loan gone
    Swagbucks, Mingle, GiffGaff, Prolific, Qmee & Quidco; thank you MSE every little bit helps
  • Something for people to mull on as we are now beginning to draw toward the end of this MFiT.. I would like to step back after T5 having managed it & T4, so if there is someone/persons who would like to step up and take over with T6 please let me know. I'm happy to chat through it via message etc but its not arduous at all, all the templates are there with a how to crib sheet.
    - Mortgage: 1st one down, 2nd also busted
    - Student Loan gone
    Swagbucks, Mingle, GiffGaff, Prolific, Qmee & Quidco; thank you MSE every little bit helps
  • twinklie
    twinklie Posts: 5,176 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Less than a month to go until the next update! Yay. 
    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 37
  • Another quarter flown by!

    Thankfully it has been a brighter and more optimistic quarter than the year that preceded it! Vaccinations going well, and there's the prospect of restrictions loosening a little further soon. The optimism seems to have buoyed the market too - my pension in particular has made great leaps forward recently ☺️

    I'm happy to say that as things stand we have smashed this MFiT challenge, and we now sit at 108% of the original target 😎 Of course this could very well drop below 100% again - it's not over til it's over, but crossing the line feels good regardless!

    Thanks for running the challenge Trix. Sorry to hear you're stepping down, but I understand. Hopefully someone will take up the reins for next year. Not sure if I'll be taking part myself yet, feels a little like maybe "my work here is done".

    Good luck to you all, I'm looking forward to seeing your updates ☺️
  • trix-a-belle
    trix-a-belle Posts: 1,532 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Mortgage-free Glee!
    julicorn said:
    Something for people to mull on as we are now beginning to draw toward the end of this MFiT.. I would like to step back after T5 having managed it & T4, so if there is someone/persons who would like to step up and take over with T6 please let me know. I'm happy to chat through it via message etc but its not arduous at all, all the templates are there with a how to crib sheet.
    Hi @trix-a-belle ! Thanks so much for running this challenge, it's honestly been such a big motivator and made a big difference to what Mr julicorn and I have been able to overpay. 
    I only saw your post now - if you haven't found anyone to take over yet, I'd love to help out. I'm updating for the yearly MFW challenge anyway, so would be more than happy to run this one too. Completely understand if you have someone else in mind though, I mean it's been a while since you posted this <3 
    Hi Julicorn
    No one else has enquired about the position :smiley: & it certainly makes sense for it to be more hand in hand with the annual challenges. i'll drop you a message
    - Mortgage: 1st one down, 2nd also busted
    - Student Loan gone
    Swagbucks, Mingle, GiffGaff, Prolific, Qmee & Quidco; thank you MSE every little bit helps
  • @trix-a-belle thanks so much for having done this, it’s made a huge difference to me and kept up motivation where it would have lapsed otherwise. I can see the light at the end of the mortgage tunnel because of you! 
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