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  • FIRST POST
    • themadvix
    • By themadvix 10th Mar 12, 9:51 AM
    • 889Posts
    • 4,274Thanks
    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 30
    • themadvix
    • By themadvix 11th Jul 17, 1:23 PM
    • 889 Posts
    • 4,274 Thanks
    themadvix
    No, no jam pots, I'm afraid my eco-principles take precedence over my MSE ways I did manage to pinch the pen from the room - but that wasn't intentional!

    The difference is, I bet you've been paying into your pension for longer KK - I wish I had, but income was so low for so long that I didn't have any spare (especially when saving for a house/wedding). Sadly no employer contributions here either. Hopefully by having a good few years of higher contributions it will reduce the impact of not having had one for longer.

    Once everything is approved, I'll be at withdrawal from PA
    OPs 2017 = £2603/£10000
    S&S ISA = £300/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance June 2017: £99,974
    MFW2017 no. 38
    • themadvix
    • By themadvix 14th Jul 17, 11:26 AM
    • 889 Posts
    • 4,274 Thanks
    themadvix
    I had my first win yesterday!! The postman knocked and was asking my name for the computer/signy thing and I was so distracted by wondering what was in the parcel that I had trouble answering! I won a cat toy and accessories for it - it's a long stick and cord toy with real feathers/toys that you can change on the end. We already have one, but the boys go through the toys quite quickly (real feathers are *very* exciting) and bizarrely, I had only been saying (to them... I'm sure they were listening) the day before that it would be nice to have another so they had one each to play with!

    In slightly less joyous news the electrician came round yesterday and quoted for the work - £2100! This was quite a bit more than our electrician friend had estimated, so I had a bit of a panic and asked if we could split the work. Electrician replied and said he couldn't do that as he wouldn't be able to sign it off, but he did manage to reduce the price by £200 This makes it a bit closer to what I was expecting and he can start on Monday, so we've said to go ahead.

    I've asked HiddenShadow to amend our MFW2017 target. This year has not been a good one so far workwise for me, so we were never going to reach anywhere near our stretching £10k target. New target covers OPs already made, £1900 of kitchen (which we're going to put on 0% card as the electrics is now costing as much as the kitchen) and replenishing my buffer fund. If things pick up, hopefully we'll be able to do more.

    Due to the continuing quietness on the work front (it's always quiet at this time of year, but in the past I've had temp work at the events venue - that's sadly no more), I've asked Dad to check if there's any temp stuff going where he works (I used to work there on a casual basis, so they know me). Hopefully I might get a few days work there, which will help the situation.

    MS things:
    * £20 claimed from PA
    * 50p YG survey
    * Comps entered (fingers crossed for a big win!)
    * £10 Smart Panel loyalty bonus paid

    Gratitudes:
    * Watching ginger cat playing madly with new toy - much growling and huffing going on
    * Work on the kitchen is starting at last!
    * Cook out with Brownies tonight
    OPs 2017 = £2603/£10000
    S&S ISA = £300/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance June 2017: £99,974
    MFW2017 no. 38
    • try harder
    • By try harder 15th Jul 17, 10:23 AM
    • 460 Posts
    • 1,430 Thanks
    try harder
    Morning themadvix i hope something turns up for you on the work front i am sure it will soon .
    My MFW 2017 has not been going to plan at all and i feel really annoyed at myself for setting such high targets i am doing quite well in savings but wanted to find much more to use for overpayments but this has not gone to plan and i am way,way down now but the way im looking at it is every pound makes a difference so its all positive.
    Fingers crossed for a big win for you soon .
    • themadvix
    • By themadvix 18th Jul 17, 10:58 AM
    • 889 Posts
    • 4,274 Thanks
    themadvix
    Too true about every pound making a difference TH. Stick at it, things will improve - you've done really well on the savings front anyway!

    Just a quick update from me. Electrician was here yesterday - no electricity for much of the day, hence no post. I went to Ikea and ordered the kitchen, so it was a **very** expensive day. Kitchen is arriving Monday, but plasterer has now said he might not be able to get here until next week... and then we have to let the plaster dry before we can paint before we can put kitchen in.... hmm.

    MS things:
    * Have freecycled quite a few bits - saves fuel on trip to dump and helps the planet
    * Surveys done (YG, VB poll, YSP - 35p to go!, MM)
    * Listed old cooker - no bids yet, but 11 watchers. Finishes Friday (In-laws knackered cooker went for £80 when they listed theirs, so hoping for a decent contribution to the kitchen fund!)
    * Sunday's takeaway eked out to cover last night too. 'Cooking' tonight (i.e. reheating frozen bolognaise and using our standalone induction hob to do pasta)!

    Gratitudes
    * Lovely play time with kitties in garden last night (using new toy)
    * Last evening class before the summer break tonight (grateful for class and for break!)
    * Seeing sis and niece later, hopefully!
    OPs 2017 = £2603/£10000
    S&S ISA = £300/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance June 2017: £99,974
    MFW2017 no. 38
    • try harder
    • By try harder 18th Jul 17, 2:44 PM
    • 460 Posts
    • 1,430 Thanks
    try harder
    The new kitchen sounds very exciting ,time soon goes so it wont be long until its in and im sure it will be much quicker than the stair carpet now that was a long drawn out saga .
    Beautiful weather here today ,i have just got back from a lovely walk hope its nice where you are .
    Good luck with the oven sale.
    • themadvix
    • By themadvix 18th Jul 17, 2:55 PM
    • 889 Posts
    • 4,274 Thanks
    themadvix
    Thanks TH

    Plumber now coming tomorrow morning, so am a bit happier (plumber is by far the hardest to pin down!). I'm not so sure about time going quickly - the problem is it does when we're doing the work too - once these three have done their thing, it's up to us.... and we have a bit of a reputation for loooong projects!

    I went to the dump I really didn't want to go... but I made myself and now the garden looks more like a garden (with a cooker in it - doesn't everyone have one of these?! )

    Off to see that cutey-pie niece of mine!
    OPs 2017 = £2603/£10000
    S&S ISA = £300/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance June 2017: £99,974
    MFW2017 no. 38
    • Jessy103
    • By Jessy103 19th Jul 17, 11:26 AM
    • 329 Posts
    • 1,330 Thanks
    Jessy103
    Good luck with the kitchen MV! We've had a garden with a cooker in it before, that was until the rag-and-bone man came and collected it for us! x
    Original Mortgage Amount 2007 - £87,310.50
    Mortgage Amount April 2017 - £64,990.00
    Overpayment Target for 2017 - £5,000 /£2,672.76
    Jan - £873.26 Feb - £185.38 March - £269.07 April - £193.66 May - £467.64 June - £407.79 July - £275.96
    • themadvix
    • By themadvix 19th Jul 17, 12:13 PM
    • 889 Posts
    • 4,274 Thanks
    themadvix
    Thanks Jess!

    Cooker is at £42.00 now... finishes Friday and has 13 watchers. Plumber is here, so that's good (turns up with Costa takeaway coffee - I really want to put him on the MSE path, but I don't think I know him that well... he smokes too!!).

    Have actually got some work in the pipeline (and a little bit to do today too), so feeling a bit more positive.

    Discovered that I can't do a balance transfer from my Amex as the cc provider considers it to be a debit card as it's a charge card. So savings are going to take quite a hit... good job we do actually have the money. DH has some share options he has to take by the end of the year, so maybe they'll help too. Am somewhat looking forward to the challenge of paying it all back as it's a smaller amount than the mortgage and I can pay it back a bit at a time!

    MS things:
    * Reached cash out on YSP - £20 Am voucher is heading my way and I will be closing the account when I've received it.
    * We'll be eating out tonight, but hopefully combining S&S leisure vouchers with a % off voucher to minimise costs (we have £50 of LV vouchers already, and at nearly £20 in the account so will claim them
    * VB survey done and it seems to be a swagcodes day, so will grab as many of them as I can.
    * Comps entered... no more wins yet, but fingers crossed! I do enjoy thinking about winning the things though!

    Gratitudes:
    * Cuddles with niece yesterday and catch up with sis
    * Great evening class to end the term on
    * DH only working a half day today as we need to put ceiling up for plasterer
    * Enjoying washing up in the garden - it makes me feel like I'm on (a camping) holiday
    * Dinner out tonight (the novelty hasn't worn off yet)

    Better get back to work - have a good afternoon all!
    OPs 2017 = £2603/£10000
    S&S ISA = £300/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance June 2017: £99,974
    MFW2017 no. 38
    • try harder
    • By try harder 19th Jul 17, 1:29 PM
    • 460 Posts
    • 1,430 Thanks
    try harder
    Love the idea of washing up in the garden ,its certainly the weather for it.
    • themadvix
    • By themadvix 21st Jul 17, 9:25 AM
    • 889 Posts
    • 4,274 Thanks
    themadvix
    Washing up in the garden is good, TH, very relaxing Although I haven't done any for two days as we ate out on Weds and ate at Mum's yesterday.

    Went to the local Beefeater on Weds, to use leisure vouchers from S&S. Was told that they no longer accept them and that this is a Whitbread-wide decision (Whitbread establishments being the main places you can use them, this is a major issue). There is no mention of this on either the Beefeater or LV websites so I emailed LV yesterday to find out what is going on. Fortunately the manager accepted them on Weds, so I wasn't out of pocket in cash, but I have £30 more to use and another £20 I was about to claim. The LV company is owned by Acorne plc, and I can't see anything about them going bust (they run Virgin Experience Days too), so I'm not sure what is going on. Will wait to see if I hear from Leisure Vouchers (not ringing them as the no. is 0844 and there's nothing on saynoto0870!). Has anyone else had any problems?

    To top it all off, had text from plasterer - he can't come until Thursday!! So now we're twiddling our thumbs, as it's pretty much ready for him. Not really his fault as it has taken so long to get to this point - he came in April to quote for the work.

    Dinner at Mum's was a lot less stressful last night

    MS things:
    * Have sold something that's been listed on ebay for ages - £2.25 to the pot
    * 26 watchers on the cooker - ends tonight
    * Received £20 Am voucher from YSP
    * Received missing loyalty bonus from Smart App (£10, claimed as Am voucher). Was intending to get rid of this because it was misbehaving, but it's gone back to being okay at the moment.
    * Actual, proper amounts of work to do
    * Meeting DH for main meal lunch in his subsidised cafe at work (cereal for tea then!)
    * SBs credited me 150 bucks for a survey I must have done a while ago - was a nice surprise!
    * Comps and surveys up to date

    Gratitudes:
    * As per MW's new thread, I did some yoga with Adriene yesterday (Youtube) and felt much better for it. Will keep this up.
    * Dinner at Mum's with DH last night - was really yummy and nice to spend time with both
    * Watching the cats with nip this morning - I think the flowers must be really strong!
    * Last Brownies tonight - a walk in the woods and splash in the stream, followed by new ones making their promise

    Happy Friday everyone!
    OPs 2017 = £2603/£10000
    S&S ISA = £300/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance June 2017: £99,974
    MFW2017 no. 38
    • try harder
    • By try harder 21st Jul 17, 9:55 AM
    • 460 Posts
    • 1,430 Thanks
    try harder
    Wow 26 watchers i have never had that many ,fingers crossed you get a great price.
    • themadvix
    • By themadvix 21st Jul 17, 9:57 AM
    • 889 Posts
    • 4,274 Thanks
    themadvix
    Nor me! And for a collection-only item... I'm looking forward to seeing what happens!
    OPs 2017 = £2603/£10000
    S&S ISA = £300/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance June 2017: £99,974
    MFW2017 no. 38
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