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  • FIRST POST
    • Skinnylatte
    • By Skinnylatte 1st Jan 16, 5:27 PM
    • 1,068Posts
    • 4,418Thanks
    Skinnylatte
    Skinny Latte's Mortgage Mugging
    • #1
    • 1st Jan 16, 5:27 PM
    Skinny Latte's Mortgage Mugging 1st Jan 16 at 5:27 PM
    Wow this is a bit scary, leaving my safe little diary on the debt free wannabe board and starting a brand new sparkly diary here. It's like getting rid of an old teddy

    So here I am a MFW, ready to take on my mortgage and use any means possible, mainly legal, to get rid of it as soon as possible. So a few facts

    My Mortgage
    £133,895
    17 years and 5 months left to pay
    Interest is 2.49% interest only.

    About me
    Fairly good job, single, 2 kids aged 17 &18 one is in full time education and the other about to start a full time job.
    I have a couple of additional forms of income, a youtube channel, a information 'adsense' website and a drop shipping website. These pay for my car and mobile phone at the moment, if I dedicated a bit more time and energy to them they might pay for a lot more...!

    I would be delighted to be rid of this mortgage in 10 years, when the world will become my lobster - lets see what's possible
    Last edited by Skinnylatte; 01-01-2016 at 8:07 PM.
    Mortgage @ 12/04/2015 £136121 £123,062 9.59% DI £6.63
    Mortgage free day 06/03/33 06/11/32
    Emergency/Offset Account £
    0/£6000 0%
    CC Balance £6100
    £4,467 Paid 27%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


Page 12
    • Skinnylatte
    • By Skinnylatte 24th Jul 17, 11:01 PM
    • 1,068 Posts
    • 4,418 Thanks
    Skinnylatte
    OMG spent £150 on a new coat, what am I doing. I've joined shopaholics reunited
    Mortgage @ 12/04/2015 £136121 £123,062 9.59% DI £6.63
    Mortgage free day 06/03/33 06/11/32
    Emergency/Offset Account £
    0/£6000 0%
    CC Balance £6100
    £4,467 Paid 27%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Skinnylatte
    • By Skinnylatte 31st Jul 17, 10:12 PM
    • 1,068 Posts
    • 4,418 Thanks
    Skinnylatte
    Soooo.....interest free periodon CC comes to an end in 12 days, and I still owe £4400. I have found an 0% interest with no transfer fee, for 12months, but need to wait to see if I've been accepted, then that gives me 12 months to pay it off properly this time, and I will, I didn't really class it as a debt. god knows why, but it is and I must pay is before I can start on my mortgage proper. This is my main focus now, will report back when I have a proper plan
    Mortgage @ 12/04/2015 £136121 £123,062 9.59% DI £6.63
    Mortgage free day 06/03/33 06/11/32
    Emergency/Offset Account £
    0/£6000 0%
    CC Balance £6100
    £4,467 Paid 27%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Skinnylatte
    • By Skinnylatte 1st Aug 17, 8:34 AM
    • 1,068 Posts
    • 4,418 Thanks
    Skinnylatte
    OK, I think I'm on this now. Full confession....I owe

    £487 to Honda for end of lease charges managed to get it reduced by £130, and I fought it to the bitter end, but if I don't pay now it'll go to debt collection, still furious what they charge you for tiny dints on a 3 year old car.

    £750 to HMRC as I was overpaid child benefit

    £4467 to Virgin for my CC

    So that's £5704 - nearly 25% of my the total of my original debt, and that's without trying.

    I will pay Honda today as I have the money to do that, and HMRC will go when my expenses are paid, hopefully Friday (been oustanding from May )

    Home improvements all paid for, bathroom man, electrician, plasterer, structural engineer (don't ask.... oh this house....!). House is looking in pretty good shape now and a much nicer place to be. I've got some joinery work being done next week, not quite sure how much it'll be, but after that I can have a good count up and will have some extra to chuck at the CC

    Then CC is my absolute main focus, I'm going to blitz it out of the water. I'll ring NW today and see what's happening with this balance transfer thing. 0% for 12 months with 0% fee is a marvelous offer, and will give me plenty of time to clear it.

    On other news DD has a new job as a health care assisstant in A&E, very proud of her, this is the start of her road into nursing. It was her first day yesterday and by the sound of it it was in at the deep end!

    I've applied for another job, more local. Knocks all the travel on the head, lot of things I'm not happy with in this job, which I'll explain another time. Plus it's more money and the pension is fab fingers crossed.

    Working from home all week, and also having a detox week. Plus hoping to finish week 6 of coach to 5k, which has taken me about 12 weeks so far!
    Mortgage @ 12/04/2015 £136121 £123,062 9.59% DI £6.63
    Mortgage free day 06/03/33 06/11/32
    Emergency/Offset Account £
    0/£6000 0%
    CC Balance £6100
    £4,467 Paid 27%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Beckyy
    • By Beckyy 1st Aug 17, 8:47 AM
    • 2,726 Posts
    • 4,140 Thanks
    Beckyy
    Hi Skinnylatte, found myself on your diary this morning.

    Congrats to your daughter on her new job, I hope she enjoyed her first day. Fantastic thing to do!
    • Skinnylatte
    • By Skinnylatte 1st Aug 17, 3:48 PM
    • 1,068 Posts
    • 4,418 Thanks
    Skinnylatte
    Hi Skinnylatte, found myself on your diary this morning.

    Congrats to your daughter on her new job, I hope she enjoyed her first day. Fantastic thing to do!
    Originally posted by Beckyy
    Aw thanks Beckyy, I don't think it was quite what she thought, there didn't seem to be much support or training going on, she was just thankful she'd worked in care before!

    Today has been a good day. I have paid the Honda bill never having a lease car again!
    I've also traced NW re the supa credit card, spent ages being transfered/cut off/onhold, but finally established that I've been accepted but it all takes ages for the paper work etc, so may not be in time to do my balance transfer. So think I'm, going to scrape the bottom of the barrel and pay off as much as I can with every last penny I have, and move the rest at a 2% transfer deal.

    Deposited all my coins at coinstar today, OK so they take 10%, but where else will take them, and I can't be bothered feeding handfulls of small coins into the self service checkouts. I had £19 from it so not bad. I also swapped 1000 nectar points for 2 Vue tickets, which I thought might make a nice cheap date night!

    That's it for frugalness today
    Mortgage @ 12/04/2015 £136121 £123,062 9.59% DI £6.63
    Mortgage free day 06/03/33 06/11/32
    Emergency/Offset Account £
    0/£6000 0%
    CC Balance £6100
    £4,467 Paid 27%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Lucy5781
    • By Lucy5781 1st Aug 17, 8:49 PM
    • 402 Posts
    • 2,283 Thanks
    Lucy5781
    I also swapped 1000 nectar points for 2 Vue tickets, which I thought might make a nice cheap date night!
    Originally posted by Skinnylatte
    Date....? With who?
    Credit Card & Overdraft Debts Jan 2012: £16,000+ Credit Card & Overdraft Debts Sep 2013: £13,023
    DRO Completed: 30/09/2014

    My Diary - http://forums.moneysavingexpert.com/showthread.php?t=4202761
    • Skinnylatte
    • By Skinnylatte 2nd Aug 17, 5:17 PM
    • 1,068 Posts
    • 4,418 Thanks
    Skinnylatte
    Date....? With who?
    Originally posted by Lucy5781
    Mr Right finally
    Mortgage @ 12/04/2015 £136121 £123,062 9.59% DI £6.63
    Mortgage free day 06/03/33 06/11/32
    Emergency/Offset Account £
    0/£6000 0%
    CC Balance £6100
    £4,467 Paid 27%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Skinnylatte
    • By Skinnylatte 2nd Aug 17, 5:22 PM
    • 1,068 Posts
    • 4,418 Thanks
    Skinnylatte
    Frugal days today, nothing spent and cooing out of the freezer, chilli for tea.
    As I was with British G@s for duel fuel, I've switched to Bulb, who ever they are, but they're an MSE top pick, so should be fine.
    I've taken the rest of the week off, because I'm sick of my job, hohum. I'm trying to get a new website off the ground, which if works will be a money spinner, but lets see! I'll spend a couple of days on that
    Mortgage @ 12/04/2015 £136121 £123,062 9.59% DI £6.63
    Mortgage free day 06/03/33 06/11/32
    Emergency/Offset Account £
    0/£6000 0%
    CC Balance £6100
    £4,467 Paid 27%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • greent
    • By greent 3rd Aug 17, 11:28 AM
    • 6,066 Posts
    • 61,319 Thanks
    greent
    Have just re-read your diary from the start Sometimes it's worth reminding ourselves of where we've come from and what we've actually achieved, rather than what we've not done

    I also need to knuckle down with frugality - not sure quite how I'm going to achieve our plans/ must-dos over the next five years....!
    x
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) Bal 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    Next: BTL Mtge 12/16 £69786. 2017 OPs (#18) £4070/£3286
    Net sales 2017 £763.00/£500 PAYDOX17 £10787/£10k Decluttered 1284/2017 items
    • Skinnylatte
    • By Skinnylatte 10th Aug 17, 10:51 PM
    • 1,068 Posts
    • 4,418 Thanks
    Skinnylatte
    Have just re-read your diary from the start Sometimes it's worth reminding ourselves of where we've come from and what we've actually achieved, rather than what we've not done

    I also need to knuckle down with frugality - not sure quite how I'm going to achieve our plans/ must-dos over the next five years....!
    x
    Originally posted by greent
    Hi greent, you are quite correct, I need to reread it, and maybe my old one too, although I think I'll need to set a side and afternoon for that (and maybe the odd hanky!).
    Tomorrow I'm having my decking repaired, so more home expense, but this is the last for a while, mainly as I have very limited funds left. I finished painting the bathroom walls today, just the wood to do so but I need to buy some primer
    Still owed £716 expenses from work, from June, so annoying, that will pay off the child benefit I need to repay, then it's all focus on the CC. If expense claims are over £500 they go to the FD to sign off, and he sits on them for ages. So I need to submit them more frequently I think and make sure theyíre below the magic 5.
    My 0% free transfer has been accepted, yay, I'm just waiting for the account to appear on my online banking to I can request the transfer.
    I paid £369 off the mortgage today, which completely contradicts the above as I should have paid it off the CC, but it was only a click to complete the transaction, whereas paying the CC is actually quite complicated, I think it's a trick they have, it's difficult to make over payments! When it moves to the NW it'll be a click of a button, which is what I need I think.
    Working from home tomorrow which used to be frugal,, but now Iím home based I get paid for all my mileage anyway, plus I eat my own food when at home! Having said that the travel is very hard work, Iíve got to be in London next week -groan Ė but will be worth an extra £100 minimum in mileage.
    Iíve got so much to say now, but Iím off to bed before you get bored!
    Mortgage @ 12/04/2015 £136121 £123,062 9.59% DI £6.63
    Mortgage free day 06/03/33 06/11/32
    Emergency/Offset Account £
    0/£6000 0%
    CC Balance £6100
    £4,467 Paid 27%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Skinnylatte
    • By Skinnylatte 10th Aug 17, 10:55 PM
    • 1,068 Posts
    • 4,418 Thanks
    Skinnylatte
    Oh, forgot to say I listed some stuff on fleabay tonight, with some more to go over the weekend, now thats frugal
    Mortgage @ 12/04/2015 £136121 £123,062 9.59% DI £6.63
    Mortgage free day 06/03/33 06/11/32
    Emergency/Offset Account £
    0/£6000 0%
    CC Balance £6100
    £4,467 Paid 27%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Skinnylatte
    • By Skinnylatte 12th Aug 17, 10:24 AM
    • 1,068 Posts
    • 4,418 Thanks
    Skinnylatte
    Well thanks to greent I have just reread my whole mortgage free diary (not the other one as I don't have a weekend free). And yes what a great way it is to remind ourselves where weíve come from.
    • Since 01/01/2016 when I owed in total £139729 I now owe £128332.
    • Iíve increased my income by 25%
    • Re-mortgaged and my daily interest has dropped from £9.13 to £6.68 (Saving £894.25 per year)
    • DD had no job, and no qualifications, and now she has a level 3 NVQ and has just started a career in the NHS.
    • Both kids now pay me monthly board (DD is much better at is than DS) Ė although I actually put this away for them and they can have it back when they move out (Soon please!)
    • Met the Mr Right
    • Met a lady who sailed round the world and is now a great friend and is part of a new group of friends Iím going on holiday with next month
    • Both kids have passed their driving test, have their own cars and fund them their selves
    • Iíve been on the BBC with my Youtube channel
    • Iíve cycled coast to coast across England
    • Iíve done dry January and bought a new car
    • I bought a melon baller apparently and have no idea where it is now, and a milk frother which I donít use
    • I havenít had my roof fixed, but I have a new patio, decking, drive way and bathroom

    So despite feeling I had fallen off the wagon and lost the plot financially, things have been going rather well behind my back, imagine what would happen if I really went for it!
    Good news is that the new CC appeared in my banking app today and I have requested the transfer. As itís so easy to pay it I have no doubt that this will be paid off within the 12 months, and then I can properly concentrate on the mortgage.
    Iím not going to save an emergency fund any more, I just end up spending it on something else, all excess money will go on those pesky repayments.


    So todays list

    • Finish painting wood work in new bathroom (need to fill and prime first)
    • Have lunch with my oldest friend
    • Make some new videos for Youtube
    • Tidy conservatory (Iím having a party next Saturday, Iíve been invited to that many gatherings over the last year at other peoples houses, I felt I should reciprocate) Everyoneís bringing drink and a dish for the table, so hopefully wonít be a big expense. But Iíve LOADS of tidying to do.
    I better get to it, have a lovely day all xx
    Last edited by Skinnylatte; 14-08-2017 at 7:36 PM.
    Mortgage @ 12/04/2015 £136121 £123,062 9.59% DI £6.63
    Mortgage free day 06/03/33 06/11/32
    Emergency/Offset Account £
    0/£6000 0%
    CC Balance £6100
    £4,467 Paid 27%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • greent
    • By greent 13th Aug 17, 10:00 AM
    • 6,066 Posts
    • 61,319 Thanks
    greent
    (not that I'm going to say I told you so.... ) Sometimes we are our own worst critics - and don't see the bigger picture, it being clouded up with smaller day-to-day things

    x
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) Bal 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    Next: BTL Mtge 12/16 £69786. 2017 OPs (#18) £4070/£3286
    Net sales 2017 £763.00/£500 PAYDOX17 £10787/£10k Decluttered 1284/2017 items
    • Skinnylatte
    • By Skinnylatte 13th Aug 17, 10:43 AM
    • 1,068 Posts
    • 4,418 Thanks
    Skinnylatte
    (not that I'm going to say I told you so.... ) Sometimes we are our own worst critics - and don't see the bigger picture, it being clouded up with smaller day-to-day things

    x
    Originally posted by greent
    Thank you to you Greent

    I have made new videos, and caught up with not 1 but 2 lovely friends, 1 my oldest and the other my newest!
    I have filled, sanded, painted, filled, sanded, painted, and everytime I look there's a bit I missed, or a run or something, it's doing my head in

    I haven't really started on the conservatory yet, but DS is helping me take some stuff to the skip after lunch.

    Yesterday I spend £2 on cake at the coffee shop, my friend paid for lunch. And today I indend to spend zilch so a frugal week
    .
    Later I've got packing to do then going over to BFs for the evening then heading down to London first thing in the morning for most of the week with horrible job. On a good note (hopefully) about the job, I have a new boss in September, and a new head of department, so hopefully things will get better.
    Also mustn't lose site of the fact that I get paid 25p per mile for driving to the oriface and back and all my food/expenses paid for the week - ideal job for a single person with no off spring!
    Mortgage @ 12/04/2015 £136121 £123,062 9.59% DI £6.63
    Mortgage free day 06/03/33 06/11/32
    Emergency/Offset Account £
    0/£6000 0%
    CC Balance £6100
    £4,467 Paid 27%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Skinnylatte
    • By Skinnylatte 14th Aug 17, 7:56 PM
    • 1,068 Posts
    • 4,418 Thanks
    Skinnylatte
    Dejavue
    Made it around the M25 and comfy in my hotel for the week. I'm just sooo tired, I had to pull in to services and have a sleep on the drive down, sleeping on the job!


    I chased up the FD who looked suitably embarrassed that my expense were 2 months over due and made up to rubbish story about being on holiday and a HR issue. Any how that should be paid a week Friday along with this months which is £1200. Iím going to pay that straight of the CC, the child benefit can wait until they start shouting for it, I havenít even had a reminder yet!


    Today is a no spend day, and so was yesterday, Iím planning for that to continue until the end of the week. Payday on Friday woohoo and I will have some money left over from this month, so hoping to pay at least £300 off card then, or should I split it and do 50% on card and 50% off mortgage, and what about the pension where Iíll get 40% tax relief. Too many decisions, what to do!!!?
    Mortgage @ 12/04/2015 £136121 £123,062 9.59% DI £6.63
    Mortgage free day 06/03/33 06/11/32
    Emergency/Offset Account £
    0/£6000 0%
    CC Balance £6100
    £4,467 Paid 27%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Moneyfordreams
    • By Moneyfordreams 15th Aug 17, 10:49 AM
    • 859 Posts
    • 4,159 Thanks
    Moneyfordreams
    your summary is fab....
    Mortgage Feb '13 £200000, end 2038. Aiming for before March 2025 (crunched to 2034)
    January 16 £182800 : minimum £360 OP but needs to be £600 to achieve 2025
    Current mortgage £159800
    h@lifax CC £4500 0% until May 2018.. will pay minimum for now, slow stooze
    xmas, chairs, hoover, computer and holiday [STRIKE}clothes[STRIKE] DD1 cc
    • Skinnylatte
    • By Skinnylatte 15th Aug 17, 6:44 PM
    • 1,068 Posts
    • 4,418 Thanks
    Skinnylatte
    Mybad
    Oh dear, a bit of a relapse today, I found myself in home bargains looking for womenís things, and came out with bathroom accessories and a new kitchen bin.
    I also saw an advert for the new hand held dyson and I WANT ONE - but £400 for a vacuum, I need to get a grip...
    Checked the mortgage account, and sooo close to 10% paid off now, also calculated that daily interest rate has dropped by 5p - £18.25 per year.
    Work must have felt guilty, as they've done a fast payment on my expenses which should be paid before Friday.

    Also applied for yet another job, would be a pay increase of 18%, but a lot more responsibility and work, so don't know, not sure I've got all the credentials they would be looking for either, time will tell.
    Last edited by Skinnylatte; 15-08-2017 at 9:58 PM.
    Mortgage @ 12/04/2015 £136121 £123,062 9.59% DI £6.63
    Mortgage free day 06/03/33 06/11/32
    Emergency/Offset Account £
    0/£6000 0%
    CC Balance £6100
    £4,467 Paid 27%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • shangaijimmy
    • By shangaijimmy 15th Aug 17, 8:53 PM
    • 2,151 Posts
    • 9,643 Thanks
    shangaijimmy
    A few days late but what a great read your update was. Got me thinking about reading mine!
    MFW: Turning June 2036 into March 2023... 29//120 Payments Challenge, Diary Reduction £30,703.25
    Aug 2009: £163,051 // Current: £105,296.75 // Avg Daily Interest £4.73
    MFiT-T4 #8 - 47.86% of £41,000
    • Skinnylatte
    • By Skinnylatte 16th Aug 17, 10:31 PM
    • 1,068 Posts
    • 4,418 Thanks
    Skinnylatte
    A few days late but what a great read your update was. Got me thinking about reading mine!
    Originally posted by shangaijimmy
    I would highly recommend it. Very grounding!

    Typing this on my phone as no wifi tonight. Balance transfer has come through and I already paid £125 off, this won't take long 😜.

    A no spend day, and applied for yet another job , ludicrous salary 😂 Probably out of my league but nothing ventured and all that....
    Mortgage @ 12/04/2015 £136121 £123,062 9.59% DI £6.63
    Mortgage free day 06/03/33 06/11/32
    Emergency/Offset Account £
    0/£6000 0%
    CC Balance £6100
    £4,467 Paid 27%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


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