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    • michelle09
    • By michelle09 1st Jan 17, 4:24 PM
    • 581Posts
    • 2,718Thanks
    Plodding determinedly up a 300k mountain!
    • #1
    • 1st Jan 17, 4:24 PM
    Plodding determinedly up a 300k mountain! 1st Jan 17 at 4:24 PM
    Hi everyone! I have another thread on here but it is seriously out of date, so I figured I will start afresh. New year, new targets and all that.

    OH and I completed on our first house in May 2016. We had a sizeable deposit due to my ability to save and OH's inheritance. We could have afforded a decent flat but decided to buy a slightly rundown 3 bed end of terraced house and do it up while living in it. This seemed like a much better idea before we were living somewhere with a smashed in door, no hot water and only lighting in part of the house. So far we have plunged 20k into repairs (which sounds like a lot, but the doors, windows, bathroom, cloakroom, boiler, radiators, some of the wiring and floors are brand new). It's certainly been a character building experience, from turning up after completion to finding the old owner still living here, to getting the first batch of wiring fixed and discovering that every lightswitch in the house now turned on the kitchen light, but we are getting there slowly.

    The basic floorplan of the house we love, so once we are finished doing it up it will be brilliant. It's also in a great location, we are in London - hence the obscene price - but we are two minutes from the underground, can be in zone 1 in fifteen minutes from our front door, but can also be on the motorway out of London in the same time by car.

    We are now seeing the light at the end of the repairs, so in 2017 I want to start making a serious dent in our mortgage. I have taken on a second job and we have two friends renting our spare rooms - at mates rates - so it is a good time to start reducing the crazy interest rates!

    Figures -
    House Price: £440,000 *gulps*
    Mortgage: £259,700.00
    Student Loan: £19,103.29
    Repairs Estimate: £20k
    Monthly Mortgage Repayment: £940.87. 1.74% interest, lifetime tracker.

    I know that students loans are not a problem debt, but our aim is to try and clear the whole lot by the time OH is 40. Which gives us 13 years. This might be too much of a reach, but I would rather aim high and fall slightly low than not push. Though I may be relying on OH's lottery tickets actually paying off!

    Going to check out other diaries too, hopefully the support here will help.
    Last edited by michelle09; 01-01-2017 at 4:37 PM.
Page 10
    • michelle09
    • By michelle09 13th Jan 18, 11:44 AM
    • 581 Posts
    • 2,718 Thanks
    I really hope so! Fingers crossed it all goes according to plan.

    It's Saturday. And a non-working Saturday, which is wonderful. Having a lazy morning, curled up on the sofa with the cat. This afternoon I'm going to carry on with applications - hopefully something will come of one of them soon.

    Oven buyer has pulled out because "it's not wide enough". Well I put the dimensions on the advert so what were you expecting exactly? Annoyed because I turned down another (albeit lower) offer but now can't get hold of that person and it has to go by tomorrow. So probably lost out on that.

    Have sold our dining table/chairs and hopefully that buyer will show up tomorrow. That we don't need to shift - it would just be easier pre kitchen. We got it really cheap before we bought this house but it's too big. We don't have a separate dining room and it takes up nearly a third of our living room. Shame as it is very nice.

    Not much else on the MSE front. My credit card has flipped to a 0% so my plan is to pay for 4k of the kitchen on that which saves us dipping too far into our savings. Will then clear it in March once we've saved an extra 4k out of paydays. (The 0% is for 18 months so we are miles clear).

    On a sadder news front, one of my grandmothers friends (they are the last two of their friendship group of eight) has started to refuse food and been taken into hospital. Will take my grandmother to visit her on Monday. It's really sad but if someone doesn't want to live any longer, I'm not sure what you can do. Next Saturday would have been Grandad's 92nd birthday and the following Monday is a year since we lost him so it's going to be a hard week.

    Current Balance: £246,700.00
    • Karmacat
    • By Karmacat 13th Jan 18, 11:52 AM
    • 28,335 Posts
    • 157,784 Thanks
    Sounds like a nice day for you today

    Sad about your grandmother's friend ... but I like the more enlightened attitude that doesn't insist somebody like that should get fed intravenously. Having seen it at close quarters, I'm absolutely sure that that's a natural thing that happens. But it must be rough on your grandmother.
    Retired August 2016
    • michelle09
    • By michelle09 13th Jan 18, 12:07 PM
    • 581 Posts
    • 2,718 Thanks
    Thanks KC. I agree, it's the same as with Grandad. He insisted on a DNR when we took him to hospital the final time. (The slight issue was that the Drs didn't hear him say it although the rest of the ward did!). He was done, and he was happy to go. Even if I still miss him and wished he hadn't.

    I think the timing makes it rough on my Grandmother, but she understands her friend. Thankfully my Grandmother has found a whole new passion for life (at 89, so it really is never too late) but not everyone has that luxury. I just hope she finds peace, but this is an awful way to go.
    • shangaijimmy
    • By shangaijimmy 14th Jan 18, 8:39 AM
    • 2,346 Posts
    • 11,232 Thanks
    Grrr on the non oven buyers!
    MFW: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • michelle09
    • By michelle09 17th Jan 18, 9:37 PM
    • 581 Posts
    • 2,718 Thanks
    This! I've really been put off selling furniture online - had four instances of people not showing up. Only got two items up for sale.

    The kitchen work has finally begun. It's all a bit of a mess, kitchen contents in the spare room, living room contents in the office. We have our mini kitchen under dust sheets (a fridge / microwave and kettle) but it's fine for now.

    Going back to my parents at the end of the week to do some laundry as the washing machine has been disconnected.

    They knocked through the wall today (we're making it a more open plan style) and I am very excited for it!

    Current Balance: £246,700.00
    • beanielou
    • By beanielou 17th Jan 18, 9:38 PM
    • 49,489 Posts
    • 186,136 Thanks
    Sounding good
    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***
    • try harder
    • By try harder 17th Jan 18, 10:42 PM
    • 591 Posts
    • 2,095 Thanks
    try harder
    How exciting, i would love a new kitchen
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