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

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Comments

  • 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: 69 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 / £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 £70k
  • MFWannabe
    MFWannabe Posts: 2,481 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: £1989.73/£6000

    12/08/25: Mortgage: £62,500.00
    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

    12/08/25: Savings: £12,000



  • twinklie
    twinklie Posts: 5,184 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: 1,203 Forumite
    1,000 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
    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.
  • mummytummy
    mummytummy Posts: 967 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) £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)£
  • carboot_karaoke
    carboot_karaoke Posts: 383 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 £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 Forum


  • julicorn
    julicorn Posts: 2,614 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 :) 
  • powerspowers
    powerspowers Posts: 1,360 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    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 x
    MFW 2021 #76 £5,145
    MFW 2022 #27 £5,300 
    MFW 2023 #27 £2,000
    MFW 2024 #27 £6,055
    MFW 2025 #27 £3,100/£5,000


  • CrazyBee787
    CrazyBee787 Posts: 1,203 Forumite
    1,000 Posts Name Dropper Photogenic
    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.
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