Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Skinnylatte
    • By Skinnylatte 1st Jan 16, 5:27 PM
    • 1,089Posts
    • 4,531Thanks
    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 £121,350 10.85% DI £9.13 £6.51
    Mortgage free day 06/03/33 06/11/32
    Emergency/Offset Account £
    1706/£6000 0%
    CC Balance £6100
    £3778 Paid 38%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


Page 2
    • Ali-OK
    • By Ali-OK 3rd Jan 16, 11:51 AM
    • 4,044 Posts
    • 16,552 Thanks
    Ali-OK
    Well done on all the cashback

    I'd check out if there are any extra fees like booking and survey/valuation. Sounds good for an offset rate though
    Back on the DFW Wagon:

    CC - £5,700 on 0% for 18 months
    Loan - £15,068 as at 2/1/17
    • Skinnylatte
    • By Skinnylatte 3rd Jan 16, 2:22 PM
    • 1,089 Posts
    • 4,531 Thanks
    Skinnylatte
    Well done on all the cashback

    I'd check out if there are any extra fees like booking and survey/valuation. Sounds good for an offset rate though
    Originally posted by Ali-OK
    yes there's a £999 fee and then I guess the other stuff too, so I'd need to do some sums, do you know what the legal and surveyors costs would be in the region of?
    Mortgage @ 12/04/2015 £136121 £121,350 10.85% DI £9.13 £6.51
    Mortgage free day 06/03/33 06/11/32
    Emergency/Offset Account £
    1706/£6000 0%
    CC Balance £6100
    £3778 Paid 38%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Ali-OK
    • By Ali-OK 3rd Jan 16, 4:32 PM
    • 4,044 Posts
    • 16,552 Thanks
    Ali-OK
    I don't I'm afraid - anything on their website? Failing that, give them a call - nothing to lose by enquiring
    Back on the DFW Wagon:

    CC - £5,700 on 0% for 18 months
    Loan - £15,068 as at 2/1/17
    • Skinnylatte
    • By Skinnylatte 3rd Jan 16, 10:02 PM
    • 1,089 Posts
    • 4,531 Thanks
    Skinnylatte
    What a productive weekend, shopping, meal planning etc etc all done. Time spent on all businesses, purchased home insurance (£28 cash back )
    Went to cinema with daughter, only it was sold out so we had a c0sta instead, took DS out driving twice (Mum do you want me to take you to the shop for anything?)
    Set up 2 new direct debits from my Halifax extra, as the old one's had ended I'd not noticed I wasn't getting the £5 bonus every month until last month
    Cooked a roast, plus a curry for the week, boiled chicken bones for stock.
    Had neighbours round for drinks, forcing me to clean the house

    Did my sums on the mortgage, the saving over full term is £5026 including fees, over 10 years it would be £2118 and that doesn't include the offset savings, which of course would be tax free. I'm going to apply, it looks a good deal.

    That's me up to date I think, have a good week, even though it is back to work after the lovely Christmas break for most of us
    Mortgage @ 12/04/2015 £136121 £121,350 10.85% DI £9.13 £6.51
    Mortgage free day 06/03/33 06/11/32
    Emergency/Offset Account £
    1706/£6000 0%
    CC Balance £6100
    £3778 Paid 38%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Ali-OK
    • By Ali-OK 3rd Jan 16, 10:24 PM
    • 4,044 Posts
    • 16,552 Thanks
    Ali-OK
    Brave on the driving - I've vowed DS will have instructor driving only!

    Very productive weekend, well done and good luck with the mortgage application. Figures look good
    Back on the DFW Wagon:

    CC - £5,700 on 0% for 18 months
    Loan - £15,068 as at 2/1/17
    • hiddenshadow
    • By hiddenshadow 4th Jan 16, 11:42 AM
    • 2,242 Posts
    • 10,119 Thanks
    hiddenshadow
    Welcome to MFW land!

    SOA looks good (except the water, wow! We pay £90 every 6 months, albeit for 2 people rather than 3).

    Hope you get good news on the mortgage application, savings looks fab.
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Dec '16 £119,669 / Oct '17 £106,575
    2017 MFW #56: £13,093/£20,000 65% / MFiT-T4 #15: £52,924/£90,000 58%
    • AleMrsT
    • By AleMrsT 4th Jan 16, 10:01 PM
    • 525 Posts
    • 1,292 Thanks
    AleMrsT
    I've subscribed to your shiny new diary Happy 2016. MrsT.
    Debt @ LBM Nov 2014 £7586.85
    Start of DMP Jan 2015 £7202.85 now £4555.26 (£2647.59 PAID)
    Italy 2018 £2103.44 now £600.00 (£1503.44 PAID)
    October extra income £36.23
    Emergency Fund £5600
    Christmas 2018 £2/£500
    • Skinnylatte
    • By Skinnylatte 4th Jan 16, 11:56 PM
    • 1,089 Posts
    • 4,531 Thanks
    Skinnylatte
    AleMrsT Thank you MrsT happy new year to you too
    hiddenshadow thank you, I just hit the payment dates for the water wrong, it'll come down loads when I get the meter fitted
    Ali-OK thank you, I thought the mortgage people would have rung me today but I heard nothing, maybe tomorrow. DS is actually a good driver, I feel very comfortable with him, DD is a different story!

    NSD today, and working away tonight so dinner out, and £80 milage claim.

    Working on 1 new vid for youtube, and have had some good sales from website today too, so fingers crossed that continues.

    Also had my anual review today which went well, wanted to tell him I'd applied for another job, but it never sort of came up and then we had to vacate the meeting room as someone else was waiting for it, but I should tell him really.

    Too tired to do anything else...night night xx
    Mortgage @ 12/04/2015 £136121 £121,350 10.85% DI £9.13 £6.51
    Mortgage free day 06/03/33 06/11/32
    Emergency/Offset Account £
    1706/£6000 0%
    CC Balance £6100
    £3778 Paid 38%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • hiddenshadow
    • By hiddenshadow 5th Jan 16, 7:48 PM
    • 2,242 Posts
    • 10,119 Thanks
    hiddenshadow
    A meter should help quite a bit! Our bill dropped in half when we bought our house and ended up on a meter.

    Glad your review went well! Mine's next month, always get nervous about them even though I'm sure it'll be fine.
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Dec '16 £119,669 / Oct '17 £106,575
    2017 MFW #56: £13,093/£20,000 65% / MFiT-T4 #15: £52,924/£90,000 58%
    • Clarey008
    • By Clarey008 5th Jan 16, 9:55 PM
    • 158 Posts
    • 1,009 Thanks
    Clarey008
    Just popped by to say I've subscribed to your diary and good luck
    Mortgage Dec 2015 - £21545 Apr 2016 - £19930
    Crazy Clothes Challenge 2016 £79.98/£150
    • Skinnylatte
    • By Skinnylatte 5th Jan 16, 10:19 PM
    • 1,089 Posts
    • 4,531 Thanks
    Skinnylatte
    A meter should help quite a bit! Our bill dropped in half when we bought our house and ended up on a meter.

    Glad your review went well! Mine's next month, always get nervous about them even though I'm sure it'll be fine.
    Originally posted by hiddenshadow
    Water meters all the way ! Good luck with your review x
    Mortgage @ 12/04/2015 £136121 £121,350 10.85% DI £9.13 £6.51
    Mortgage free day 06/03/33 06/11/32
    Emergency/Offset Account £
    1706/£6000 0%
    CC Balance £6100
    £3778 Paid 38%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Skinnylatte
    • By Skinnylatte 5th Jan 16, 10:45 PM
    • 1,089 Posts
    • 4,531 Thanks
    Skinnylatte
    Just popped by to say I've subscribed to your diary and good luck
    Originally posted by Clarey008
    Thank you Clarey x

    I spoke to the BS today about the remortgage, I have paased the initial lending criteria I have a telephone appointment next Wednesday now

    I'm in the mmiddle of a dispute with my ex landord over the bond, there is £360 in dispute, and I had a letter today saying it's going to the adjudicator now, so more waiting it seems. It's been well over 3 months now

    Only spends today were diesel, and I filled up a full tank for less than £40, havent done that in a long while.

    Have heard quite a few good PPI stories on here, I was turned down for a PPI claim a while ago, but I think it's worth another go.

    That's all for today xx
    Mortgage @ 12/04/2015 £136121 £121,350 10.85% DI £9.13 £6.51
    Mortgage free day 06/03/33 06/11/32
    Emergency/Offset Account £
    1706/£6000 0%
    CC Balance £6100
    £3778 Paid 38%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • safehouse
    • By safehouse 6th Jan 16, 7:03 AM
    • 704 Posts
    • 1,908 Thanks
    safehouse
    Good luck with your new Mortgage Diary Skinny ...just remember creative thinking will only happen if your not to exhausted to think , don,t run yourself into the ground in the process. Hmm I really should really take my own advice......That mortgage of yours will disappear in no time
    • Skinnylatte
    • By Skinnylatte 7th Jan 16, 11:17 AM
    • 1,089 Posts
    • 4,531 Thanks
    Skinnylatte
    PJ day today
    Good luck with your new Mortgage Diary Skinny ...just remember creative thinking will only happen if your not to exhausted to think , don,t run yourself into the ground in the process. Hmm I really should really take my own advice......That mortgage of yours will disappear in no time
    Originally posted by safehouse
    Good advice, I should have taken it sooner. I'm off work poorly today. Sore throat, achey, mouth ulcers.
    I aways know I'm properly poorly when Jeremy Kyle is bearable
    Mortgage @ 12/04/2015 £136121 £121,350 10.85% DI £9.13 £6.51
    Mortgage free day 06/03/33 06/11/32
    Emergency/Offset Account £
    1706/£6000 0%
    CC Balance £6100
    £3778 Paid 38%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • greent
    • By greent 7th Jan 16, 12:46 PM
    • 6,300 Posts
    • 63,845 Thanks
    greent
    Hope you feel better soon xx
    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) £4607/£3286
    Net sales 2017 £1202.80/£500 PAYDOX17 £11635/£10k Decluttered 1650/2017 items
    • Skinnylatte
    • By Skinnylatte 8th Jan 16, 10:05 AM
    • 1,089 Posts
    • 4,531 Thanks
    Skinnylatte
    Hope you feel better soon xx
    Originally posted by greent
    Thank you I do feel a bit better today, stayed at home today tho. Need to make sure I'm properly better, not a good start to the year .

    So, how to make this £310 extra by the end of the month? I've listed an xbox wifi thingy on fleabay. I suppose I could add my milage claim and greeting card income which would be £400, but that feels like cheating, I need to find EXTRA ways to make it.

    I'll have a good look though today to see what else I can sell on fleabay, a root through the wardrobe is due too.

    Also last year I did have some success with matched betting (don't do this unless you've researched lots) there's a thread on it on here somewhere. I can have another look at that too.

    Today is the final day for evidence before my deposit bond dispute goes to the adjudicator. It's currently sitting at 'awaiting landlord response', I do hope he forgets to respond, then I get it all back

    I'm very upset that Starbucks have just opened a drive through 1 mile from my house, and on my route to work, how very dare they. Now I have to resist the skinny latte urge daily, a big test of my rehab.
    Last edited by Skinnylatte; 08-01-2016 at 11:50 AM.
    Mortgage @ 12/04/2015 £136121 £121,350 10.85% DI £9.13 £6.51
    Mortgage free day 06/03/33 06/11/32
    Emergency/Offset Account £
    1706/£6000 0%
    CC Balance £6100
    £3778 Paid 38%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Luckyinlife
    • By Luckyinlife 8th Jan 16, 11:18 AM
    • 1,609 Posts
    • 6,036 Thanks
    Luckyinlife
    The starbucks would get me every time to hehe resist 5 days a week treat yourself 2 :]

    earning extra income is hard work i sell on ebay and use saving to get intrest each month about all you can really do without renting a room at home or getting a part time job

    Nice striking out the mortgage number do it each month :]
    Mortgage--- £67700 March 15 £65221 April 15 £64983 July 15 £64780 sept 15 Remortgage £67295 oct 15 £66599 Nov 15 £65878.73 Dec 15 £64834 1st Jan 16 Feb 16 £64,511.89 March 16 £64,056.40 April 16 £62550 May 16 £62,396.20 Feb 17 £60.800
    Emergency fund 23k
    • SalsaDanca
    • By SalsaDanca 10th Jan 16, 7:07 PM
    • 391 Posts
    • 597 Thanks
    SalsaDanca
    Hi Skinnylatte,

    Just a quick note to let you know I've subscribed to your diary. I've sold my little flat and will be moving into my "forever" house later this month, so I'll have a new mortgage to start overpaying and new spreadsheets to fiddle with. It looks like we're in fairly similar situations - my salary and mortgage payments are both a bit less than yours, and my mortgage is a few years longer than yours - so I'm reading your diary for inspiration.
    • Skinnylatte
    • By Skinnylatte 10th Jan 16, 9:56 PM
    • 1,089 Posts
    • 4,531 Thanks
    Skinnylatte
    Hi Skinnylatte,

    Just a quick note to let you know I've subscribed to your diary. I've sold my little flat and will be moving into my "forever" house later this month, so I'll have a new mortgage to start overpaying and new spreadsheets to fiddle with. It looks like we're in fairly similar situations - my salary and mortgage payments are both a bit less than yours, and my mortgage is a few years longer than yours - so I'm reading your diary for inspiration.
    Originally posted by SalsaDanca
    Thank you for subscribing, and good luck in your journey, do you have a diary?
    It's funny as I was just thinking about some Salsa lessons today

    Luckyinlife - noooo, if I had 2 per wek I would be hooked, anyhow 2 per week is over £300 per year, £3000 over my 10 year mortgage mugging. I have to stay away from the dark side.

    Not a bad weekend, lots of resting, still feel extremely unmotivated. I have been painting my kitchen doors, instead of replacing the whole kitchen, they look fab, very farm house style. However I've got 3 left to do and they've been sat there for over a week, If any one has some good motivational tips......I think I might have to meditate on it.

    I rung up the mortgage peeps for a current balance, and was delighted to find nearly another £1k off and soon will be in to the £132's. It seemed to take for ever to knock the first 1% off.

    I have listed a heap of stuff on ebay this weekend. If they all sell for the listing price I'll have £104. Current bids are £20.

    Also had a good mooch through the charity shops yesterday, I bought a melon baller for 39p, I've always wanted one

    Nice lunch out with a friend today, a total of £6 spent with soup and chips with a lime and soda. We also managed to plan 2 short breaks on a budget. 1 to Dublin to a country gig, Dublin airport doesn't have any taxes, so a really really cheap place to fly to, and I'll use IHG points or hotels.com free nights for the accomodation, we'll share a room. The other 1 was a music festival in scotland. The tickets are £60 for the whole weekend and we can stay at my Mum's. I feel a bit guilty that I haven't organised a holiday with the kids yet, but holidays with kids are just soooo expensive .

    Made a batch of turkey lasange with turkey mince from Aldi on special offer, and carrot soup. Aren't carrots fabulous? So much stuff you can do with a bag of carrots.

    Hope you've all had a lovely weekend, and are ready for the week ahead, or as ready as we can be
    Mortgage @ 12/04/2015 £136121 £121,350 10.85% DI £9.13 £6.51
    Mortgage free day 06/03/33 06/11/32
    Emergency/Offset Account £
    1706/£6000 0%
    CC Balance £6100
    £3778 Paid 38%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • hiddenshadow
    • By hiddenshadow 10th Jan 16, 10:13 PM
    • 2,242 Posts
    • 10,119 Thanks
    hiddenshadow
    Not a bad weekend, lots of resting, still feel extremely unmotivated. I have been painting my kitchen doors, instead of replacing the whole kitchen, they look fab, very farm house style. However I've got 3 left to do and they've been sat there for over a week, If any one has some good motivational tips......I think I might have to meditate on it.
    Originally posted by Skinnylatte
    Hardly an expert as we went great guns the first year in the house and then did hardly anything year 2. Hoping for a bit more balance this third year. That said, one thing that's worked well for me is to just tell myself I'll do one little bit. One coat of primer, or just touch up the paint in one room. Usually I end up doing quite a bit more once I actually have the tools/supplies out, so that's a bonus, but if nothing else it means a small bit of progress keeps going. Take that with a grain of salt, though, as I don't think we have a single finished project in our house , lots of 95-99% ones though!
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Dec '16 £119,669 / Oct '17 £106,575
    2017 MFW #56: £13,093/£20,000 65% / MFiT-T4 #15: £52,924/£90,000 58%
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

965Posts Today

6,507Users online

Martin's Twitter
  • RT @LordsEconCom: On Tuesday Martin Lewis, Hannah Morrish & Shakira Martin gave evidence to the Cttee. Read the full transcript here: https?

  • Ta ta for now. Half term's starting, so I'm exchanging my MoneySavingExpert hat for one that says Daddy in big letters. See you in a week.

  • RT @thismorning: Can @MartinSLewis' deals save YOU cash? ???? https://t.co/igbHCwzeiN

  • Follow Martin