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

Mortgage_Minimiser

#59 reporting in. I have posted my update through the official form too.

Mortgage is at £182,814. Future projections take me to £141,495 so at current rate I need to find 1495 (assuming I make my minimum over payments each month. Fingers crossed - I am going to try and smash that target!


:beer:
MM
x

T._x

#32 1K down 25K to go. Form update in

T. x

lindez

Good evening all
#28 with my first update reduce the mortgage from £65000.00 to £45000.00
£2131.00 paid off so far leaving a new balance of £62869.00
This is quite addictive well done everyone.

Brodiebobs

#9 reporting in-form just submitted.

Reduction from £129,720 to £126,865.

£2,845 happy with that ��

trix-a-belle

Thanks all for the updates flooding in, lots of amazing progress. Don't worry if you're waiting for balance details before submitting.

I think I've got form submissions for most who have said but just to refresh memories as this is a fresh challenge and for the newbies who have joined this time around please make sure you submit your update through the MFiT-T5 Form picking the chart update option & appropriate chart number (this being chart 1 coming due), posts in the thread can be edited so are not taken as formal submissions, if you have a problem with the form drop me a pm.

greent

#18 - just done my update via the form.

Will be behind target on here for years 1 & 2 as priority is saving for 3 week holiday in Florida next summer for 6 of us (and other halves of older 2 children) - so whilst my mtge has only reduced by <£2k we've also saved over £4.6K towards holiday since Dec - this is made up mainly from money which would usually have gone to the mtge (eg: cashback, second job etc) Post holiday will see me then diverting energies (money!) back to the mtge

mummytummy

#23 updated and form sent I don’t think the next quarter will be as good as this one :j

Miss_D_Meanour

#26 updated form sent in -hope I've done this right!
Good luck everyone

Suffolk_lass

#2 reporting - just submitted my form.

I've just made an OP and was waiting for this before doing my update form. We have made one big lump of progress when I stopped my job and took my pension, using a substantial lump of my TFLS to pay a big lump off the mortgage. We may be able to repeat this in September, when DH also stops work and takes his teachers' pension.

I have been rounding to the nearest £50 on my Tilly Tidies and although this has made us feel "poor" at the end of each month, we are making faster progress than I suspected when we started this challenge.

The_frugal_fairy

Form completed, happy with the new balance ::beer::beer::beer: