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 6 challenge (MFiT-T6)
Options
Comments
-
Just filled in the form, hope I did it right. In case not my number is 23 and my new current mortgage balance is £124,601.
- Mortgage over-payments to date: = £16,746
- Original redemption date: August 2043
- Current redemption date: July 2041
- Debt: £15,930
- Savings: £12,430
1 -
It's all come through perfectly, thank youPiggyBankShaker said:Just filled in the form, hope I did it right. In case not my number is 23 and my new current mortgage balance is £124,601.
1 -
Good morning @julicorn, I sent an update form for past quarter mortgage balance, I also sent an update form to change my target balance for end of this challenge. Hope you got them?Thanks again for running this challengeInitial 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. 🤓0 -
All safely received, thanks SistergoldSistergold said:Good morning @julicorn, I sent an update form for past quarter mortgage balance, I also sent an update form to change my target balance for end of this challenge. Hope you got them?Thanks again for running this challenge
0 -
Had a bit of a panic as I couldn't remember when the next update was due (not that I've not been doing this long enough or anything). Still I'm in time and my slight guesstimate update has been submitted. But by July's update it will all be accurate. I'm only out by a couple of pounds either way so I'll just go with it.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 371 -
Updated!! Can’t believe we’ve paid off £3k since January 😳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 /£5,0003 -
I've submitted my update.
Can't believe it's already time to submit the first update (where has 2022 gone so far?!)
Mortgage free as of March '25!
£240,000 paid off in 4 years, 8 months and 18 days (July '20-Mar '25)
Mortgage paid off 19 years early.
2025 MFW #40
2025 Goals
Pay off mortgage of £55k for good! - £55k/£55k paid - mortgage free!!!
Keep emergency fund at £10k - £10k/£10k - goal met!
Lose 12 kgs - 3/12 kgs lost so far
Try 1 new activity/experience as a family each month - 0/12 new activities/experiences tried
Decluttering - declutter 500 items from house and outbuildings - 136/500 items so far2 -
April update sent, it really has come around quickly.June 2025 - part 1 - £19,145 part 2 - £21,973 Total - £41,118 29 months to go!0
-
Hello there, I'd like to join if that's okay - form filled in.
Thought my username was T. x or was on old forum but now appears as T._x Was a member previous challenge, although circumstances including redundancy put me off track a bit. This time I'm going for a reduction in 2 mortgages, for the sake of reporting will keep as 1. Looking forward to it and this time will do better MFiT-T6: #38
£0 / £64,511.551
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards