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The Mortgage Free in Three - Take 7 challenge (MFiT-T7)
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Hi everyone! Just updated for the end of July stage. Bit slower these past three months, but the balance is moving in the right direction and hopefully I'll be back on track in time for the next update. SSave £12k in 2025
#36 2025: Target £15k / £9,498
#39 2024: Target £10k / £13,623 (exceeded)
#39 2023: Target £3k / £4,415 (exceeded)
MFW member No.56
2025 Overpayment Target £4k / £2,875.32
2024 Overpayment Target £7k / £7,683 (exceeded)2023 Overpayment Target £5k / £9,358 (exceeded)Mortgage total May ‘23: £119,202. Jan ‘25: £96,098. Current June '25 £92,751
Pay-off: 1st April ‘34, 1st Sept ‘33, 1st May '33, 1st April '33, 1st March '33, 1st Aug '32, 1st Sept '31
MFiT-T7 #15
Target £70k0 -
Have submitted an update
Not making too many overpayments at the moment as building savings before our mortgage rate changes 😢MFW 2025 #50: £1139.75/£600007/03/25: Mortgage: £67,000.00
12/06/25: Mortgage: £65,000.00
18/01/25: Mortgage: £68,500.14
27/12/24: Mortgage: £69,278.38
27/12/24: Debt: £0 🥳😁
27/12/24: Savings: £12,000
07/03/25: Savings: £16,5000 -
#22 reported figure for July. It's a bit of an approximate figure as I didn't log on in time for the next payment to come out/interest etc. I like to try and report at the start of July and I didn't check the figure so it's not going to be accurate. It's close enough though.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 370 -
Hi @julicorn I may be able to put something on next time as I have a job to go to on Monday, it is temp but could lead to perm! Wish me luckXX1
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#17 checking in and updated for July 😊
Good luck with the new job @CrazyBee787
Thank you @julicorn for keeping me accountable 😂
MFiT-T7 #17 (Jan 2025) £193k (Apr) £177k (July) £
SPC 18 #6 £315.70(04/08/25)
SPC’s (1)£27.19 (2)£728 (3)£1471 (4)£357 (5)£435.18 (6)£1114.92 (7)£1492 (8)£392 (9)£1952 (10)£1866.65 (11)£1177.74 (12)£1445.39 (13)£1608 (14)£603.30 (15)£672 (16)£2563 (17)£1300 (18)£1 -
#19 Updated submitted thank you @julicorn
MFW
Opening Mortgage Balance 16/06/2024 - £99569.04 term remaining 80 months (Feb 2031)
Current Balance £37,530
MFW 2025 #31 £25,470 / £28,000 OP
MFIT - T7 £25,470 OP
0%CC May 2027- £2,400
Grocery Challenge
Jan £387.89 / Feb £ 355.67 / Mar £418.63 / Apr £478.37 / May £426.52 / June £376.18 / July £462.54+£103.32 entertaining /
The final countdown to June 2026 - Page 4 — MoneySavingExpert Forum0
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