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

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Comments

  • Bounty123
    Bounty123 Posts: 120 Forumite
    Seventh Anniversary 100 Posts Photogenic Name Dropper
    Evening everyone,and

    Update submitted and slow progress is being made. Hoping for more next year.

    Thank you running the challenge @julicorn

    Bounty 
    2026 MFW No:23
    MFiT-T7 12


  • Hi Everyone,

    I hope your all making good progress.

    #19 Latest update 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 Forum


  • smetf
    smetf Posts: 382 Forumite
    Part of the Furniture 100 Posts Name Dropper Photogenic
    Submitted my update form.
    Thanks @julicorn
    s
    Mortgage £39,933
    MFW 2022 #35 10,000
    MFW 2023 #3 10358.97
    MFW 2024 #3 10000
    MFW 2025 #3 10000
    MFW 2026 1236.62/4100
    MFiT-T7 #10 aiming for 16k https://forums.moneysavingexpert.com/discussion/6283332/halving-our-income-and-still-aiming-for-mortgage-free#latest
  • MFWannabe
    MFWannabe Posts: 2,524 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    #8 Update submitted 

    MFW 2026 #50: £3,583.49/£25,000

    Mortgage:
    02/01/26: £60,223.17

    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 

    Savings: £20,000




  • julicorn
    julicorn Posts: 2,680 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Thank you all for submitting your updates, you can find the latest iteration of the spreadsheet here. :) 
  • twinklie
    twinklie Posts: 5,246 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I've just submitted my October update - it's late, I can only apologise. Life drama's. Don't worry if it's too late to update @julicorn I'm just submitting just in case. 
    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 37
  • Anagran
    Anagran Posts: 179 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    edited 2 December 2025 at 10:13PM
    Hi, Sorry I haven't made the past few updates. I have put in my January one now incase I forget nearer the time.
  • Hi! I've asked to join - and submitted my overpayments YTD for 2025. My mortgage is up for renewal by August 2028, I'd like to get it to as close to 280k as I can and so I think this challenge will be a good motivator to keep track of things! 
  • Bounty123
    Bounty123 Posts: 120 Forumite
    Seventh Anniversary 100 Posts Photogenic Name Dropper
    Hi everyone,

    Update submitted. I think this challenge keeps me focused on longer term goals, which I really appreciate.
    Thank you for running the challenge @julicorn

    Bounty
    2026 MFW No:23
    MFiT-T7 12
  • Bounty123 said:
    Hi everyone,

    Update submitted. I think this challenge keeps me focused on longer term goals, which I really appreciate.
    Thank you for running the challenge @julicorn

    Bounty
    Thanks for the reminder - also updated.
    Mortgage 1 - 01/2/2015 - £243,750 ; Mortgage 01/11/2024 - £132,576.55
    Mortgage 2 - 2019 - £76,600 ; Mortgage 01/10/2024 - £47,763.29
    MFit-T5 - reduce to £140,000 MFiT-T6 - reduce to £110,000

    01/10/2024 Daily Interest - M1 = £18.27 (!!); M2 = £7.41

    Debt at highest point in 24 -£21,344
    Debt 1st November 24 - £16,192.18 24% paid. Focusing on this in earnest!!!
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