advice on mortgage app with past credit problem
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Congratulations! Truly inspiring!!0
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Cant believe its 2 years since i started this post! :eek:
The next 6 month update should hopefully involve hubby and i having seen a broker, and knowing where we stand regards a mortgage, fingers crossed eeekkk :rotfl:
We are in the process of having the new kitchen fitted, we are halfway through painting the house, and then new carpets to be fitted, all this should be completed for xmas
As the kitchen is sorted, our targets for savings goal to reach August 2016 are now a mere £35,000 :rotfl: £5,500 at minute!!
Its 2 years hubbys had capital one card with perfect payments, no other debt at all.
We continue to be careful with our cash to achieve the maximum savings each month, it will be worth it!!
Its my lovely hubbys birthday today :bdaycake:
And tomorrow we celebrate our 2nd wedding anniversary
All in all we have a lot to be grateful for, a happy marriage, jobs, our and our children's health, and aiming for our new life in our new home next year all being well :happyhear
Heres to a frugal 6 months saving for our new house, we will give it our best shot in the last few months of our 3 year quest to be where we want to be together :heartsmilcurrent official end date of mortgage= 2037-aiming for 2030. mortgage balance start of challenge- 25/11/2016 £245,695 mortgage balance 01/04/24 - £133,477.09. 2024 challenge- get mortgage balance to £115,000 by xmas eve 2024, and a years outgoings in premium bonds again
Make £13,968.47 in overpayments in 2024,save £15,000 for water system0 -
Today we heard back from our broker, we can get the mortgage we require :j
We have an estate agent coming tomorrow to sort the valuation and marketing of this house
I cant believe its all come together, we have worked hard for the last 3/4 years to get to this moment, here's to finding our forever home to live happily ever after :beer:current official end date of mortgage= 2037-aiming for 2030. mortgage balance start of challenge- 25/11/2016 £245,695 mortgage balance 01/04/24 - £133,477.09. 2024 challenge- get mortgage balance to £115,000 by xmas eve 2024, and a years outgoings in premium bonds again
Make £13,968.47 in overpayments in 2024,save £15,000 for water system0 -
What a lovely read! Well done, I hope the house sale goes smoothly and you're in your forever home very soon.0
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Well done to both of you, wish I had the will power to set targets and stick to them0
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Truly inspirational!! Look forward to the next chapter!
Good Luck x0 -
:j A bit of a late update !
We have achieved our goals- we completed new kitchen October 2015
£8000 saved for hubbys car :j
£6000 saved for my future horse :j
sold this house for £107,000 , sale completes tomorrow :j
We also have an additional £20,000 in premium bonds :T
We are hunting for a new home, we will be staying with our son while we do this
Hopefully next update will be when we have found our dream home in the countryside :beer:current official end date of mortgage= 2037-aiming for 2030. mortgage balance start of challenge- 25/11/2016 £245,695 mortgage balance 01/04/24 - £133,477.09. 2024 challenge- get mortgage balance to £115,000 by xmas eve 2024, and a years outgoings in premium bonds again
Make £13,968.47 in overpayments in 2024,save £15,000 for water system0 -
Inspiring stuff!
Congrats on reaching your goals and thanks for coming back to update the threadI'm a Board Guide on the Credit Cards, Loans, Credit Files & Ratings boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com0 -
Loved reading this & congratulations, you were in a similar situation that I am experiencing now, can I ask how old you both are? My partner & I are both 40 & are worried that we won't be expected on age grounds?0
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Thanks for the lovely comments!
Husband and I are 45 and 42. You should be fine age wise in your 40s, obviously depending on lender, most lend up to, and some even beyond retirement age, providing the income is there to support payments . The more you can put down the better as deposit we think, as we are looking at max term of 20 years for our new mortgage
What stage are you at pitbull?current official end date of mortgage= 2037-aiming for 2030. mortgage balance start of challenge- 25/11/2016 £245,695 mortgage balance 01/04/24 - £133,477.09. 2024 challenge- get mortgage balance to £115,000 by xmas eve 2024, and a years outgoings in premium bonds again
Make £13,968.47 in overpayments in 2024,save £15,000 for water system0
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