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

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  • twinklie
    twinklie Posts: 5,176 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I made another OP this morning after getting some unexpected cashback. I've submitted another update form. 
    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
  • I have sent my update but a bit gutted it isn’t as much progress as I might have liked.
    The ex is being an utter fudgestick so I am still stuck in the joint mortgage despite my sole one being approved 3 months ago.

    Hoping it is all just delayed and not doomed and hopefully I can get myself in a position to go fierce and make up for this lost time. At least it is still heading in the right direction :)

    onwards and downwards hopefully!

    Total Debt May 21 £20,490.44  DEBT FREE DATE 29/7/22 

    Mortgage balance May 21 £177,096.19. Now £143,588.36
    Mortgage free date. At start of sole mortgage = July 2042

    2024 SAVINGS FOCUS - get rid of the car finance. £12,706.25  PAID OFF 
    2025 Savings Focus - 33.3/33.3/33.3 split; savings for house renovations (bathrooms/garden/kitchen; whichever collapses first), save for a family holiday (probably our last one!) and paydown/offset the mortgage. Total pot = £3275.88
  • LadyGnome
    LadyGnome Posts: 801 Forumite
    Ninth Anniversary 500 Posts Name Dropper Combo Breaker
    Update sent.  I was surprised that it was due time flies when you are MFWing!!
    MortgageStart Nov 2012 £310,000
    Oct 2022 £143,277.74
    Reduction £166,722.26
    OriginalEnd Sept 2034 / Current official end Apr 2032 (but I have a cunning plan...)
    2022 MFW #78 £10200/£12000
    MFiT-6 #28 £21,772 /£75000
  • Bounty123
    Bounty123 Posts: 98 Forumite
    Sixth Anniversary 10 Posts Photogenic Name Dropper
    Happy Monday everyone.
    Just filled in the update. Hope it is not too late.
    2025 MFW No:23
    MFiT-T7 12
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    T._x said:
    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 :)  
    Hi there, thanks for joining! I've given you #38. Don't worry about the difference in how your name shows up, now that you have a number it'll match everything back to that :)
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Thank you all so much for submitting your updates! Still giving everyone time to put theirs through today, and I'll post our first chart tomorrow <3 
  • northwalesd
    northwalesd Posts: 1,318 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Thanks Julicorn  :)
  • Amazing work everyone 👏 thank you julicorn for pulling everything together 
    Weight loss goal 6/7lbs for first quarter
    Overall 2025 weight loss goal for the year 6/21lbs
    Holiday savings target 3400/£4800

  • T._x
    T._x Posts: 70 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    julicorn said:
    Hi there, thanks for joining! I've given you #38. Don't worry about the difference in how your name shows up, now that you have a number it'll match everything back to that :)
    Awesome, thanks for having me.
    MFiT-T6: #38
    £0 / £64,511.55
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