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  • FIRST POST
    • themadvix
    • By themadvix 10th Mar 12, 9:51 AM
    • 749Posts
    • 3,029Thanks
    themadvix
    Finally I have a mortgage I can start to pay off!
    • #1
    • 10th Mar 12, 9:51 AM
    Finally I have a mortgage I can start to pay off! 10th Mar 12 at 9:51 AM
    Hi Everyone,
    Having been a long time lurker on this board whilst saving for a house deposit (you’re all so friendly and positive that it’s an inspiring place to ‘hang out’), my fiance and I completed on our first house yesterday!

    It’s a three-bedroomed terraced house in Hertfordshire (hence the long saving period) with an 80% LTV mortgage of 132,999 with Natwest, fixed for 2 years at 3.79%.

    There’s just the two of us (and our new two fish, Rosie and Jim, inherited with the house!), but I work from home, hence the need for a third bedroom as office space. We won’t be moving in until June as the house needs some work doing and we’re getting married in June so it seemed to be a sensible option (as we both currently live with our parents…tragic I know in my late 20s, but nice mortgage rate as a result).

    Obviously with house needing work and a wedding looming, I don’t expect to be making much in the way of overpayments for a while (but this won’t stop me rounding numbers down or transferring small bits across). Another issue is that although DF is employed (and hopefully about to get a new job in the company ), I am self-employed and therefore my income varies drastically from month to month. However, I have built up a fairly solid client base over the last five years, and especially in the last year, so I hope that this will continue to improve and that I will be able to contribute to overpayments.

    DF is the spreadsheet nut, so I’m hoping he’ll get it set up for me so I can play with figures soon (although I have no idea what a pivot table is and am not convinced I need to know! ) We’re already a very MSE couple having been saving for so long – we cashback, do surveys, shop around, get the freebies that are relevant to us and have already (having gone to the house last night) established that if I’m paying the energy bills we’ll be living in a cold house! In all seriousness though, we are both on board with the idea of overpaying the mortgage - it just makes sense!

    So, for the moment this diary will be a place to record the small things I do as well as the little overpayments I make (once my mortgage shows up in online banking!). Once June has flown past and we’re back from our honeymoon, I’ll get a grip on income and expenditure and work out an SOA and how much we can regularly overpay.

    Vicky

    PS Long, long term, this isn’t our forever home and one day we’d like to build our own environmentally friendly home! But more of that in the future…
    Last edited by themadvix; 21-11-2016 at 5:06 PM. Reason: Because I got the interest rate wrong!!
Page 25
    • Karmacat
    • By Karmacat 3rd May 17, 10:19 AM
    • 27,212 Posts
    • 146,254 Thanks
    Karmacat
    Hmm... I'm not sure how much we spent at the beer festival, but more than we should have done I think, even though DH only had a pint and I had a couple of bottles of apple juice. Still, it was good fun (it's a really family-friendly affair with face painting, bouncy castle, live music - lots of people watching and things to enjoy).
    Originally posted by themadvix
    Thats perfectly reasonable to spend that amount!

    MOT'd the mini this morning - I drove it for the first time in 9 years yesterday! It passed, so we're all ready for the London to Brighton later in the month. (Cost 38 instead of 50 )
    Ooh! Which rally? There's a lot bikes, kit cars, Jags, all sorts pm if necessary, I have a vested interest in your answer cos of where I live


    Save
    Retired August 2016

    Goal: earnings of 25k from new opportunities from September 2016 to December 2020 when my state pension kicks in.Save
    • themadvix
    • By themadvix 3rd May 17, 8:30 PM
    • 749 Posts
    • 3,029 Thanks
    themadvix
    Hi KC, it's the London to Brighton mini run - 22nd May We also usually go to the veteran one in November - they're both special, for different reasons.

    Not much to report today - plenty of work done, 10p poll on VB done, 50 points on YG and... (I'd forgotten to check until I came on here to post).... 50 won on the PBs! My best result yet (Sadly not a life changing amount, but it will help to build my savings back up a bit).

    Sister and niece came round for lunch - was lovely to see them both. Sadly niece didn't repeat her newest trick of rolling over.

    Have discovered one of the activities we've booked to do on our holiday we're not insured for We've not paid anything for it yet, but we were really looking forward to it. Additional cover will cost 75 but more if we don't buy it until we're away but the guy isn't going to confirm (he needs another couple to do it at the same time) until we're already away.... decisions... (I know it's not very MSE, but we considered not doing it and it felt like a huge let down). Thoughts anyone?
    OPs 2017 = 2603/10000
    S&S ISA = 200/600
    OPs made 2016 = 6142.12
    Starting balance 2012: 132000; balance June 2017: 99,974
    MFW2017 no. 38
    • gallygirl
    • By gallygirl 4th May 17, 8:13 AM
    • 16,340 Posts
    • 106,921 Thanks
    gallygirl

    Have discovered one of the activities we've booked to do on our holiday we're not insured for We've not paid anything for it yet, but we were really looking forward to it. Additional cover will cost 75 but more if we don't buy it until we're away but the guy isn't going to confirm (he needs another couple to do it at the same time) until we're already away.... decisions... (I know it's not very MSE, but we considered not doing it and it felt like a huge let down). Thoughts anyone?
    Originally posted by themadvix
    In the big scheme of things 75 is nothing. However, I don't think I'd want to do something that needed extra insurance .
    Save
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    Mortgage Balance = 0
    "Do what others won't early in life so you can do what others can't later in life"
    • themadvix
    • By themadvix 4th May 17, 9:59 AM
    • 749 Posts
    • 3,029 Thanks
    themadvix
    Thanks Gally... the thing is, it really isn't as exciting as it sounds, but because of the name it has, it's considered an excluded activity. We want to go canyoning (climbing, zip-wiring, abseiling through waterfalls in the jungle) - it's a 3 hour activity with a guide, suitable for all from the age of 14 (and in an EU country, so H&S pretty well covered) - hardly the potential risk that there would be if you were hard-core canyoners! But of course, insurance companies don't like to differentiate between beginner-, with instructor, type activities and the potential lunacy of experienced people pushing themselves to/beyond the limits!

    75 is ok... *if* we get to do it. But I don't want to throw 75 in extra cover down the drain just because another couple to do it with doesn't appear/don't turn up on the day (although I think that's going to be risked whatever). My thinking at the moment is we ask the man if he can let us know before we leave on Saturday as to whether he's got someone else by that point. And we make a decision then. There are other, less adventurous options available that we could do (and potentially DH could go diving too if we don't spend on this), but we'd just got so excited about it, it seems a shame not to go ahead!

    (Just FYI, also going to climb an active volcano )

    Back to today....
    Must do: packing, voting, hunting for lounge pass card, chasing of tradesmen, working...
    OPs 2017 = 2603/10000
    S&S ISA = 200/600
    OPs made 2016 = 6142.12
    Starting balance 2012: 132000; balance June 2017: 99,974
    MFW2017 no. 38
    • Karmacat
    • By Karmacat 4th May 17, 10:11 AM
    • 27,212 Posts
    • 146,254 Thanks
    Karmacat
    That sounds a *lot* of money for the insurance for a 3 hour activity, madvix! Makes me wonder about rearranging to do it separately in the UK ... but you've got to go with what feels right.

    Your London to Brighton is on Monday 22nd? I'll be watching
    Retired August 2016

    Goal: earnings of 25k from new opportunities from September 2016 to December 2020 when my state pension kicks in.Save
    • themadvix
    • By themadvix 4th May 17, 10:18 AM
    • 749 Posts
    • 3,029 Thanks
    themadvix
    KC, I've sent you a PM
    OPs 2017 = 2603/10000
    S&S ISA = 200/600
    OPs made 2016 = 6142.12
    Starting balance 2012: 132000; balance June 2017: 99,974
    MFW2017 no. 38
    • Karmacat
    • By Karmacat 4th May 17, 10:51 AM
    • 27,212 Posts
    • 146,254 Thanks
    Karmacat
    Received and chatted
    Retired August 2016

    Goal: earnings of 25k from new opportunities from September 2016 to December 2020 when my state pension kicks in.Save
    • gallygirl
    • By gallygirl 5th May 17, 9:18 AM
    • 16,340 Posts
    • 106,921 Thanks
    gallygirl
    Thanks Gally... the thing is, it really isn't as exciting as it sounds, but because of the name it has, it's considered an excluded activity. We want to go canyoning (climbing, zip-wiring, abseiling through waterfalls in the jungle) -
    Originally posted by themadvix
    Em........... I wonder what you WOULD class as exciting then
    .
    Save
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    Mortgage Balance = 0
    "Do what others won't early in life so you can do what others can't later in life"
    • themadvix
    • By themadvix 5th May 17, 9:34 AM
    • 749 Posts
    • 3,029 Thanks
    themadvix
    Okay, it *is* exciting, but not as hairy as if we were experienced amateurs canyoning for a whole week without supervision in an unknown area! (Going up the volcano sounds scarier to me, if I'm honest - especially as I don't like hills!)

    We emailed the guy we've booked with last night and said that we need it to be confirmed by the end of today if we're going to go, otherwise we'll have to cancel. While I still really want to do it, I'm coming round to the idea of having quite a bit extra money and an extra day to do other things if it doesn't happen.

    Just finishing off a few last bits of work and then I've finished! My brain has definitely checked out already Lunching with mum today and then a few bits to get in town (and the Fat Face sale to peruse )
    OPs 2017 = 2603/10000
    S&S ISA = 200/600
    OPs made 2016 = 6142.12
    Starting balance 2012: 132000; balance June 2017: 99,974
    MFW2017 no. 38
    • kirtsypoos
    • By kirtsypoos 5th May 17, 10:43 AM
    • 2,666 Posts
    • 11,179 Thanks
    kirtsypoos
    Have a wonderful holiday!

    Canyoning sounds amazing, enjoy it if you do get to do it
    1200/3000 OH BC(60% PAID)
    PAID VERY, Barclaycard x2, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID LBM 24/07/15 - Debt: 1200/31010.23 (96.13% paid)
    Mortgage - 164,000.00 (O/P 718.83 so far) PAYDBX 17 #006 - 13743.08/10000 Make 10 Apr 194.58 Make 10 May 159.75
    • ch4rly2002
    • By ch4rly2002 5th May 17, 11:27 AM
    • 181 Posts
    • 716 Thanks
    ch4rly2002
    Wow, sounds like you're going to have a fantastic holiday... enjoy!
    Savings: Aim 10k. Dec 2016 1,700 / Current 9,075
    Mortgage: Dec 2014 -216,000 / Current -199,400
    BTL Mortgage: Dec 2014 -136,000/ Current -126,600
    Loan to In-Laws: Sep 2010 -48,185.82 / Current -35,655.49
    Student Loan: March 2011 -18,275.04 / Current -14,310.60
    CC 0%: Nov 2016 -4,500 / Current -3,724.38
    • chumpy45
    • By chumpy45 5th May 17, 12:28 PM
    • 292 Posts
    • 1,209 Thanks
    chumpy45
    Holiday and activities sound great, have fun !
    Starting Mortgage 01.08.08 171,209.24. Mortgage as at 01.09.15 - 54,780.04; 01.11.15 49,577.04;01.03.16 45,799.32; 01.08.16 42,418.93; 01.10.16 40,119.5 01.02.17 36,584.00; 01.04.17 34,694.71 MFW Target date Sept 2017;
    • themadvix
    • By themadvix 17th May 17, 5:44 PM
    • 749 Posts
    • 3,029 Thanks
    themadvix
    Thanks everyone for the good wishes We had a lovely time... albeit not quite as planned. We cancelled the canyoning in the end - the guy couldn't confirm that we'd be doing it and we decided we'd be stupid not to have insurance for it (even if it was highly unlikely that we would need it....(see next point!).

    On day four of our holiday we were in the sea and within a wave of each other managed to be knocked of our feet and both lost our glasses... lesson learned....*NEVER* wear glasses in the sea. Really, really fortunately, I had a spare pair that were ok to drive with. DH had no such luck. So I am now experienced in driving on the wrong side of the road! It looks like we'll be able to claim on the insurance, but it'll still going to cost us money to replace them (insurance isn't new for old and excess is 99 - on each claim... separate waves, separate claims - boo ). I've ordered a new pair this morning (did get my eyes tested and my prescription has changed slightly) - 260. While we were still away DH got his dad to order the same again from where he'd bought his a year ago (his prescription doesn't change) - 255. We both have some money budgeted for replacement glasses, so hopefully this, combined with the insurance money will mean that we're not too out of pocket.

    Apart from that, holiday was great, beautiful (quiet) beaches, amazing rainforest, and came in at the expected cost more or less; we even brought a few euros back with us. We had takeaway last night as we were completely exhausted and there was no food in the house (there's no way we could have cooked!). There's enough left for tonight and I did manage to cobble some food together for lunch for DH for work today (his spare pair (superglued together!) were at home, fortunately, otherwise he'd have been using up holiday waiting for new glasses).

    The cats seem to have enjoyed their stay in the cattery - it was nice not worrying about them wrecking the house (new carpet) while we were away.

    While we were away I received a cheque from NV for 50 and 8 from the internet monitoring thing - both for the OP fund. 50p YG survey done today, as well as checking FPL, etc. (no wins!). There should be 1000 Nectar points credited soon for booking our holiday through Expedia.

    Ukrainians are now claiming that their national bank is blocking the transfer of money, which is possible. Awaiting decision from bank... it wasn't a problem when the monies were originally due, so will have to see what happens...

    Just debating now whether to order the flower bundle in the MSE newsletter - it would be cheaper than the (really cheap) nursery we go to... but not sure if I can't afford it at the moment...
    OPs 2017 = 2603/10000
    S&S ISA = 200/600
    OPs made 2016 = 6142.12
    Starting balance 2012: 132000; balance June 2017: 99,974
    MFW2017 no. 38
    • atypicalblonde
    • By atypicalblonde 17th May 17, 10:22 PM
    • 2,092 Posts
    • 11,954 Thanks
    atypicalblonde
    Glad you had fun honey, but boooooo to the glasses!

    Hope the money is sent through asap from Ukraine xx
    MFW
    Mortgage 8.2.15 - 171,064.64 Mortgage 29.4.17 - 128,990
    Aiming to be MF 1.10.2020
    • Jessy103
    • By Jessy103 18th May 17, 10:26 AM
    • 237 Posts
    • 846 Thanks
    Jessy103
    Glad you had a great time MV! I feel your pain over the glasses!

    Hope you get the money you're owed soon, it's ridiculous how long it has taken! x
    Original Mortgage Amount 2007 - 87,310.50
    Mortgage Amount April 2017 - 64,990.00
    Overpayment Target for 2017 - 5,000 /1,789.01
    Jan - 873.26 Feb - 185.38 March - 269.07 April - 193.66 May - 267.64
    • Karmacat
    • By Karmacat 18th May 17, 10:51 AM
    • 27,212 Posts
    • 146,254 Thanks
    Karmacat
    Hi madvix, good to hear things went so well - apart from the glasses, ouch ouch ouch

    Your cats are happy

    Flower bundle: do you want the sort of plants that are in it? Because otherwise its not a bargain ...
    Save
    Retired August 2016

    Goal: earnings of 25k from new opportunities from September 2016 to December 2020 when my state pension kicks in.Save
    • ch4rly2002
    • By ch4rly2002 18th May 17, 11:25 AM
    • 181 Posts
    • 716 Thanks
    ch4rly2002
    Glad you had a good holiday, and sorry to hear about the glasses. Is it just me, or does it seem like a cop out from the insurance company making two claims because they were separate waves? Surely It's one session swimming in the sea so one claim? Have you thought about checking it out with Citizens Advice or something? It might be a legitimate reason but it just seems like a bit of a con to me. Anyway, glad the insurance covers the majority of it so you're not too out of pocket.

    Hope you get the Ukrainian money soon x
    Savings: Aim 10k. Dec 2016 1,700 / Current 9,075
    Mortgage: Dec 2014 -216,000 / Current -199,400
    BTL Mortgage: Dec 2014 -136,000/ Current -126,600
    Loan to In-Laws: Sep 2010 -48,185.82 / Current -35,655.49
    Student Loan: March 2011 -18,275.04 / Current -14,310.60
    CC 0%: Nov 2016 -4,500 / Current -3,724.38
    • themadvix
    • By themadvix 18th May 17, 11:29 AM
    • 749 Posts
    • 3,029 Thanks
    themadvix
    Thanks everyone

    Ch4rly - you have a very good point. I think maybe we should try to argue that one. DH spoke to them as the policy is in his name. Will have to double check. Thanks

    Jess - the length of time the money has taken is partly my fault - I left it for about a year as a lost cause. Only the lack of work earlier this year prompted me to actually do something about it! If they're willing to pay then at least it's a start - we can work around bureaucratic obstacles. If I have to go to Kyiv myself to collect it, I will! (Not entirely sure about that, but it would be an experience!)

    KC - I bought the flower bundle in the end. I'd like some tomato plants, the fuschias and the bedding plant bundles and I think the garden this year (overgrown as it is at the moment) might be a bit of a case of chuck some stuff in to make it look pretty and worry about the rest later! We go to a not-very-local but very cheap nursery usually and get loads of plants but it usually costs about 50 (for a whole boot full), so if this does the equivalent, for this year I'll be happy!

    As the sun is shining today, the washing machine is on, with a load just hung out. One more load after this one and I'll be caught up on the washing Working going on in the background, DH being fed lunch today as at meeting. No idea about dinner - we've had a veg box delivered though and I intend to do a freezer inventory later as I have no idea what we have to eat! Also need to cut the grass (garden is looking very wild!) and get some bits listed on ebay (I may have said that yesterday )

    Checked the bank accounts yesterday and noticed we've been paid our first cashback from our 123lite account for paying the mortgage via it - 6.90 This will be added to the OP pot Just reached payout on VB too - another 12 but I don't think they'll pay now until next month though. Will try to increase this amount before the cut-off date.

    I've been looking at the figures and I need to do some more calculations, but we're excruciatingly close to being under 100k next month if I pay off what I've set aside as OP plus standard monthly payment. I'll take a proper look later and work out what the interest will be and then the aim will be to get this together, despite the expensive month! Payday should be a good one this month, so hopefully I'll be able to replenish my buffer fund too.

    Even more excitingly, our tickets to see Robbie Williams arrived this morning! These were bought with some of the prize money DH received from work. The concert is on our wedding anniversary and we're going with some close friends - we've never seen him before so we're all very excited!

    Have a good day everyone!
    OPs 2017 = 2603/10000
    S&S ISA = 200/600
    OPs made 2016 = 6142.12
    Starting balance 2012: 132000; balance June 2017: 99,974
    MFW2017 no. 38
    • Busy Mee1
    • By Busy Mee1 18th May 17, 12:17 PM
    • 289 Posts
    • 936 Thanks
    Busy Mee1
    Great to see you back Madvix and glad you had such a lovely holiday (apart from losing your specs.
    Sounds like you are back on the MSE trail with a vengeance ��
    • themadvix
    • By themadvix 18th May 17, 3:28 PM
    • 749 Posts
    • 3,029 Thanks
    themadvix
    Hmm....back of envelope calculations suggest that I need to find 342.52 extra this month to get mortgage down below 100k.... (And then I looked at my spreadsheet and saw where I owe various bits of money to my bills account ). However, we haven't done a joint bills a/c sweep in a while, so this might still be possible.

    On that note however, our water bill is about to go up 6 per month, apparently because we've been using a lot of water. I'm not very happy about this, but the numbers make sense. I think it's possibly because we had the boiler replaced and had to use tap water when we cleaned the pond out rather than the water butt. Closer attention must be paid to water usage! (Budget for water remains a ridiculous 25 and actual spend is only going up to 18, so still overpaying into that pot by plenty each month - hence potential for a/c sweep!)
    OPs 2017 = 2603/10000
    S&S ISA = 200/600
    OPs made 2016 = 6142.12
    Starting balance 2012: 132000; balance June 2017: 99,974
    MFW2017 no. 38
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