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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 / £18,113
#39 2024: Target £10k / £13,623 (exceeded)
#39 2023: Target £3k / £4,415 (exceeded)
MFW member No.56
2025 Overpayment Target £4k / £7,620
2024 Overpayment Target £7k / £7,683 (exceeded)2023 Overpayment Target £5k / £9,358 (exceeded)Mortgage total May ‘23: £119,202 June '25 £92,751 Sept '25 £87,758 Dec '25 £85,595
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 2026 #50: £3,583.49/£25,00007/03/25: Mortgage: £67,000.00
Mortgage:
02/01/26: £60,223.17
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
Savings: £20,0000 -
#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) - £2.84 December 25
% of house owned/% of mortgage paid off. December 25 - 40.34%/33.36%
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 luckXXGoal 1: Get a permenant job that sticks.
Goal 2: Aim 15 No spend days in January or above actual so far - 4/15
Goal 3: Get a lodger
Goal 4: Once goal 1 & 3 complete add 2.3K to the EF
Goal 5: Once goal 4 complete save for my own car as I do need one.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) £139,900 (Jan 2026) £
SPC 19 #6 £51.60
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)£353.50 (19)1 -
#19 Updated submitted thank you @julicorn
Current Balance £22,000
MFW 2026 #31 £1000 / £17,000 OP
MFIT - T7
0%CC May 2027- £5,000
0% Loan £600.00 - paid ✅️
Money made £20 / £365
Declutter 0 /52
Grocery Challenge 2025 £4885.78
Grocery Challenge 2026
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 £3,600/£5,0003 -
Hi Julicorn, I just want to check you got my submitted form okay? Thank you.Goal 1: Get a permenant job that sticks.
Goal 2: Aim 15 No spend days in January or above actual so far - 4/15
Goal 3: Get a lodger
Goal 4: Once goal 1 & 3 complete add 2.3K to the EF
Goal 5: Once goal 4 complete save for my own car as I do need one.0
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