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The Mortgage Free in Three - Take 7 challenge (MFiT-T7)

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  • Bounty123
    Bounty123 Posts: 98 Forumite
    Sixth Anniversary 10 Posts Photogenic Name Dropper
    Evening everyone,
    Update submitted (hopefully). Steady progress but hoping for an upswing next year.
    Thank you for running the challenge @julicorn
    Bounty
    2025 MFW No:23
    MFiT-T7 12
  • Simobla1
    Simobla1 Posts: 63 Forumite
    Second Anniversary 10 Posts Name Dropper
    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.  S
    Save £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 ‘341st Sept ‘33, 1st May '33, 1st April '33, 1st March '33, 1st Aug '32, 1st  Sept '31

    MFiT-T7 #15
    Target £70k
  • MFWannabe
    MFWannabe Posts: 2,458 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    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/£6000

    12/06/25: Mortgage: £65,000.00
    07/03/25: Mortgage: £67,000.00
    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: £16,500

  • twinklie
    twinklie Posts: 5,176 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    #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 37
  • CrazyBee787
    CrazyBee787 Posts: 915 Forumite
    500 Posts Name Dropper Photogenic
    edited 18 July at 7:26PM
    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 luckXX
  • mummytummy
    mummytummy Posts: 966 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    #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)£
  • carboot_karaoke
    carboot_karaoke Posts: 297 Forumite
    100 Posts Second Anniversary Photogenic Name Dropper
    #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 Forum


  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Thank you all so much for submitting your updates! I've updated the spreadsheet now, you can find the latest figures here. As always, let me know if there's anything you'd like me to change :) 
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