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  • FIRST POST
    • Betterthanever
    • By Betterthanever 1st Sep 17, 1:17 PM
    • 407Posts
    • 2,202Thanks
    Betterthanever
    New but not new - Year 1 of 5!
    • #1
    • 1st Sep 17, 1:17 PM
    New but not new - Year 1 of 5! 1st Sep 17 at 1:17 PM
    Hi! I'm a re-joining member of old.....and whilst I'm reluctant to give up my previous 10,000 post count, I also don't fancy ex husband following my every move as I go into this next exciting chapter of life! I was a DFW stalwart for years, but am pleased to announce am on the MFW journey....with vigour

    I've not been on the boards for a while but it's lovely to see some familiar names and it's comforting having made the decision to come back!

    I'm mid 40s, kids are grown up and more or less independent (one just moved out and one still creating mess at home). I'm lucky enough to have met a fabulous man who was mad enough to marry me a couple of years ago, and life is just the best.

    The house is mine as I bought ex-h out in the divorce, which means the mortgage is also mine. We have plans and desires to start reducing our working stresses in 5 years time and oh can start drawing his lump sum and his pension then if he wishes. As we both lost out dads at 55, we are mindful of the fact we are not here forever. On the other hand we are fit and healthy so would hope to have a good few years to enjoy life ahead of us.

    We love to spend time together and travel and want to do more of this without being tied into 5 weeks annual leave allowance!

    So....all this starts with the fact my fixed rate comes to an end soon. I can switch on 31st October. The remaining term should be 11 years but I've done my calculations and reckon if I take a 5 year fixed rate, I can finish it off when that comes to an end....taking me to 52 and OH to 56 so still plenty of years ahead of us for living!

    My starting point is a current mortgage figure of £116,879.11. It's no small challenge but I'm no stranger to that and I'm going to enjoy this one an awful lot

    I feel like I've come home.....
    Last edited by Betterthanever; 03-11-2017 at 8:45 AM.
Page 21
    • shangaijimmy
    • By shangaijimmy 7th Dec 17, 12:53 PM
    • 2,282 Posts
    • 10,623 Thanks
    shangaijimmy
    Well i'm gonna buck the trend and say i've no idea who you are!! But glad to have another household sharing the journeys. We have a similar plan in that our next fix will be a 5 yr one which we hope to clear it all by the end of, however we have 1 more year to go on this fix before we get to that stage. So with you all the way but i expect you to beat us by 12-18months!
    MFW: Turning June 2036 into March 2023... 33//120 Payments Challenge, Diary Reduction £35,448.08
    Aug 2009: £163,051 // Current: £100,551.94 // Avg Daily Interest £4.52
    MFiT-T4 #8 - 56.74% of £41,000
    • Betterthanever
    • By Betterthanever 7th Dec 17, 2:59 PM
    • 407 Posts
    • 2,202 Thanks
    Betterthanever
    Hello!! Well, as we will be increasing our mortgage a bit for the new house, we may well be finishing our mortgage a year later than originally expected, so we certainly won't be far off!

    I'm so looking forward to the next five years....fingers crossed for you that rates don't go up in the next 12 months by any great margin! Mind you, my first mortgage in 1989 was at 16% so we are a long way off that kind of nightmare!! My first fixed rate was at 8% which I thought was amazing!!!

    Current balance £114,744.64. Offset £2,151.73. £112,592.91 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22

    Former DFW Nerd 230. Determined to be MF. Bring it on!
    • museumworker
    • By museumworker 8th Dec 17, 5:21 PM
    • 2,002 Posts
    • 11,426 Thanks
    museumworker
    Wonderful news on the new home And am sure those 9 months will fly by!
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • benbenandme
    • By benbenandme 8th Dec 17, 6:37 PM
    • 10,289 Posts
    • 26,423 Thanks
    benbenandme
    Fab news on the house, I remember your excitement when you got the current one
    Mortgage Total: £75,000 £73,315 Mortgage End Date: May 2040
    Brother's loan: £4500 / £25,000
    Holiday Fund: £787 / £1800
    • Betterthanever
    • By Betterthanever 8th Dec 17, 7:23 PM
    • 407 Posts
    • 2,202 Thanks
    Betterthanever
    Yes. The current house was the definite start of a new era....it was just what we needed as a newly "single" family. Now it's time for DH and I to have our forever home, and it is going to be the continuation of a life that has been fabulous for the last few years!!!

    Current balance £114,744.64. Offset £2,151.73. £112,592.91 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22

    Former DFW Nerd 230. Determined to be MF. Bring it on!
    • Betterthanever
    • By Betterthanever 8th Dec 17, 7:23 PM
    • 407 Posts
    • 2,202 Thanks
    Betterthanever
    Oh and another £5 from SB requested today.....happy Friday!!

    Current balance £114,744.64. Offset £2,151.73. £112,592.91 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22

    Former DFW Nerd 230. Determined to be MF. Bring it on!
    • Betterthanever
    • By Betterthanever 10th Dec 17, 12:05 PM
    • 407 Posts
    • 2,202 Thanks
    Betterthanever
    And another £5 requested today. Nice and steady does it!

    So yesterday we signed the formal reservation papers for the new house, we're buying off plan so there was a lot of paperwork to go through but not a lot to actually see. Very exciting, though, and we are looking forward to seeing it all take shape and come together!

    So tired today - so still in PJs watching the skiing on the TV while snow falls outside the window here - its the closest I will get to having my fix this winter, so it will have to do! Crazy neighbour opposite has just set off for a run, wearing a pair of shorts.....absolutely mad!

    My mission to prove a point re free money has been working I think - DH now saves his receipts for scanning into shoppix etc, and no longer complains about "those stupid videos" on swagbucks! Instead he has signed up to Circle, has shopmium on his phone, and looks forward to adding more to my Amazon wishlist on the basis that we can save vouchers towards them. We all seccumb in the end

    Current balance £114,744.64. Offset £2,151.73. £112,592.91 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22

    Former DFW Nerd 230. Determined to be MF. Bring it on!
    • Karmacat
    • By Karmacat 10th Dec 17, 1:52 PM
    • 28,190 Posts
    • 155,346 Thanks
    Karmacat
    That's brilliant, on all counts! I need to check some things with you, but my head is mush right now, so I won't blather. But I definitely love playing videos on my phone
    Retired August 2016
    • skint_spice
    • By skint_spice 10th Dec 17, 2:05 PM
    • 11,203 Posts
    • 23,489 Thanks
    skint_spice
    Goodness, I now have two new (to me) diaries to catch up with! Good luck with MFWness x
    mmm...still thinking, planning and plotting for aims in 2017
    • Betterthanever
    • By Betterthanever 10th Dec 17, 2:55 PM
    • 407 Posts
    • 2,202 Thanks
    Betterthanever
    Hi there Skinty! Good to see you!!

    Current balance £114,744.64. Offset £2,151.73. £112,592.91 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22

    Former DFW Nerd 230. Determined to be MF. Bring it on!
    • Betterthanever
    • By Betterthanever 15th Dec 17, 9:03 AM
    • 407 Posts
    • 2,202 Thanks
    Betterthanever
    So.....its been a few days since I updated - busy busy busy! And stuff to report.....


    Main news is that I have been offered, and have accepted, a new job. I am therefore working my 3 months notice in my current role - it is all very amicable, which I am very pleased about, and I am looking forward to an amazing challenge next year in the new place.


    More money, but I'm sure I'm going to be earning it, but opportunities don't come along like this very often in my part of the UK so I felt I needed to take it now or not at all.


    I'm excited for the future!


    The new house has been officially reserved and solicitors instructed. The mortgage people have been informed of the job change and are ok with that, so it all seems to be going alright so far. It's almost going too well - a little disconcerting!


    We're applying for the new mortgage on a 10 year basis - fixing for the first 5 - again, I would hope (especially with the new job) to clear the whole lot after 5 years.


    I'm looking forward to 2018!!!

    Current balance £114,744.64. Offset £2,151.73. £112,592.91 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22

    Former DFW Nerd 230. Determined to be MF. Bring it on!
    • skint_spice
    • By skint_spice 15th Dec 17, 9:08 AM
    • 11,203 Posts
    • 23,489 Thanks
    skint_spice
    Well done on the new job!
    mmm...still thinking, planning and plotting for aims in 2017
    • Betterthanever
    • By Betterthanever 15th Dec 17, 9:11 AM
    • 407 Posts
    • 2,202 Thanks
    Betterthanever
    Thank you! It's still confidential really - so there's no excited posts appearing on facebook or anything. It's difficult not to tell people so on MFW people really are the first to know!

    Current balance £114,744.64. Offset £2,151.73. £112,592.91 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22

    Former DFW Nerd 230. Determined to be MF. Bring it on!
    • beanielou
    • By beanielou 15th Dec 17, 7:22 PM
    • 49,085 Posts
    • 182,316 Thanks
    beanielou
    Wow. Excellent news on the job
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • Betterthanever
    • By Betterthanever 16th Dec 17, 7:23 AM
    • 407 Posts
    • 2,202 Thanks
    Betterthanever
    Thank you.

    In other news I have had a few more Amazon vouchers this week.....from swagbucks and Instagc. There's no let up planned on that front!!

    Have a good weekend everyone.

    Current balance £114,744.64. Offset £2,151.73. £112,592.91 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22

    Former DFW Nerd 230. Determined to be MF. Bring it on!
    • Karmacat
    • By Karmacat 16th Dec 17, 2:29 PM
    • 28,190 Posts
    • 155,346 Thanks
    Karmacat
    Congratulations! Wonderful news on the new job
    Retired August 2016
    • Thistlewhistle
    • By Thistlewhistle 16th Dec 17, 8:09 PM
    • 1,028 Posts
    • 7,226 Thanks
    Thistlewhistle
    Good news about the job!
    T
    Mortgage at end 05/2007: £90200
    Mortgage at end 11/2017: £72436 paid £17764 (19.69%)
    MFD: Original:05/2042 Projected:04/2031 saving 133 months = 11yr 1 mth
    Car Finance: £8225 : £7535 (8.39% paid off)
    CC Debt (0% until 06/2020): £5640 : £5324 (5.60% paid off)

    Age of Money at 30/11/2017 = 34 days

    YNAB is changing the way I live my life....and spend my money!!
    • pinkypig
    • By pinkypig 17th Dec 17, 12:41 PM
    • 753 Posts
    • 6,503 Thanks
    pinkypig
    Congratulations new house, new job - you're on a roll Mrs
    Well done you xx
    • taka
    • By taka 17th Dec 17, 7:02 PM
    • 3,155 Posts
    • 16,414 Thanks
    taka
    Happy new job (and house to be for that matter!) Congratulations!
    MFiT-4 no 30



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