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The Mortgage Free in Three - Take 6 challenge (MFiT-T6)

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Comments

  • powerspowers
    powerspowers Posts: 1,337 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    Updated form sent 💪 still going strong with regular OPs although we are funnelling more towards savings at this stage. Slow and steady. Well done wannabes and thanks Julicorn for the updates x
    MFW 2021 #76 £5,145
    MFW 2022 #27 £5,300 
    MFW 2023 #27 £2,000
    MFW 2024 #27 £6,055
    MFW 2025 #27 £2,350 /£5,000


  • Thank you for the welcome and adding me, now to start saving 😊

    Can’t add a signature at the moment, it says I don’t have permission ☹️

    MFiT-T6 #49 £0/£5000 £2 savers club 2023 #23 £116 so far (June 4)
  • twinklie
    twinklie Posts: 5,176 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Thanks @julicorn. Hope it’s a swift recovery for you.
    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
  • Martas
    Martas Posts: 36 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Number #42 submitted update. Now I need to update my signature! I can't believe that at Christmas 2025 we should be mortgage free!
    We took £83795 mortgage in June 2018
    Left to pay on mortgage: £51821.20
    Original end date: June 2037
    Now: September 2033
    Target: pay off by December 2025
    Mortgage Free Wannabe 2022 #90 £13000/£11000
    Mortgage Free Wannabe 2023 #42 £999/£13000 no overpayments until 20.06.2023 when my overpayment allowance renews
    MFi3-T6 #42 January 2022 £70915, to reduce mortgage to £17000 by January 2025
    Love people and use things because the opposite never works
  • Like Oldwoman_3 I can't add a signature either - is there a minimum number of posts you have to submit or something before we can do this?

  • pinknsparkly
    pinknsparkly Posts: 545 Forumite
    Ninth Anniversary 500 Posts Name Dropper
    Hi julicorn!

    Neither of my updates, January or April, are showing in the spreadsheet. I've just resubmitted them in case they'd gone missing somewhere. Fingers crossed they arrive this time!

    Otherwise, my updates are:
    25th January 2023 = £419201.41
    25th April 2023 = £415976.53

    Thanks as ever for running these challenges!
    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
  • Sistergold
    Sistergold Posts: 2,135 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 6 July 2023 at 7:39PM
    Hello all, number 27 just filled the update form with a new balance of £274548.93. Just needed to bring my mortgage balance as low as I could to slow down the increases in interest rates old mortgage product was coming to an end. I am on a new product as from the 1st of July and the rate is just ridiculous but hey ho. 

    Good luck everyone and thanks again @julicorn
    Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
    Mortgage start date first week of July 2019,
    Mortgage term 23yrs(end of June 2042🙇🏽♀️), 
    Target is to pay it off in 10years(by 2030🥳). 
    MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
    £12K in 2021 #54 (in 2020 #148)
    MFiT-T6#27
    To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
    Am a single mom of 4. 
    Do not wait to buy a property, Buy a property and wait. 🤓
  • Sistergold
    Sistergold Posts: 2,135 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Good morning everyone. @julicorn, I just wanted to ask, is it possible to have two different targets/challenge on here? I know I am on paying off my mortgage but I wanted to also have a saving challenge? I think you mentioned that you could give two different numbers for one person? I want to save a lump sum to replace the money I used to pay down my mortgage last month. 
    Thanks again for all you do for us @julicorn
    Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
    Mortgage start date first week of July 2019,
    Mortgage term 23yrs(end of June 2042🙇🏽♀️), 
    Target is to pay it off in 10years(by 2030🥳). 
    MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
    £12K in 2021 #54 (in 2020 #148)
    MFiT-T6#27
    To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
    Am a single mom of 4. 
    Do not wait to buy a property, Buy a property and wait. 🤓
  • Bella_Budget
    Bella_Budget Posts: 99 Forumite
    Eighth Anniversary 10 Posts Photogenic Name Dropper
    Morning
    Update no 6 we are down to £44,368.73.
    Could be better but in the current climate, could be so much worse! 
    Good luck everyone and @Sistergold I don't know but I'm sure someone else who does will be along soon.

    Weight loss goal 6/7lbs for first quarter
    Overall 2025 weight loss goal for the year 6/21lbs
    Holiday savings target 3400/£4800

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