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The Mortgage Free in Three - Take 7 challenge (MFiT-T7)
Comments
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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 / £15,492
#39 2024: Target £10k / £13,623 (exceeded)
#39 2023: Target £3k / £4,415 (exceeded)
MFW member No.56
2025 Overpayment Target £4k / £6,578
2024 Overpayment Target £7k / £7,683 (exceeded)2023 Overpayment Target £5k / £9,358 (exceeded)Mortgage total May ‘23: £119,202. Jan ‘25: £96,098. June '25 £92,751 Sept '25 £87,758
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: £1989.73/£600007/03/25: Mortgage: £67,000.00
12/08/25: Mortgage: £62,500.00
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
12/08/25: Savings: £12,0000 -
#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 luckXXMissions for the rest of the year:-
1) Build up an emergency fund (EF)
2) Improve spending habits.
3) Create a budget that is compatible to me.
4) Buy healthier snacks to avoid junk food splurges.1 -
#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) £159k (Oct) £
SPC 18 #6 £353.50 (02/10/2025)
Regular Saver A/C (24/25) £2800 (25/26) £
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 £29,900
MFW 2025 #31 £33,100 / £28,000 OP
MFIT - T7 £33,100 OP
0%CC May 2027- £2,600
0% Loan £694.68
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 / Aug £294.38+83.83 entertaining /Sept £328.93/Oct
The final countdown to June 2026 - Page 4 — MoneySavingExpert Forum0 -
Update submitted, a wee bit early but I know I’m behind! We’ve got £2,250 sat in a savings pot as it’s earning better than the mortgage and likely to throw some more at it around Christmas so will see progress in the next report.Good luck everyone on this challenge, it’s a long slog but we’re getting there month by month xMFW 2021 #76 £5,145
MFW 2022 #27 £5,300
MFW 2023 #27 £2,000
MFW 2024 #27 £6,055
MFW 2025 #27 £3,100/£5,0003 -
Hi Julicorn, I just want to check you got my submitted form okay? Thank you.Missions for the rest of the year:-
1) Build up an emergency fund (EF)
2) Improve spending habits.
3) Create a budget that is compatible to me.
4) Buy healthier snacks to avoid junk food splurges.0
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