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  • FIRST POST
    • themadvix
    • By themadvix 10th Mar 12, 9:51 AM
    • 1,149Posts
    • 6,709Thanks
    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 34
    • themadvix
    • By themadvix 21st Sep 17, 10:53 AM
    • 1,149 Posts
    • 6,709 Thanks
    themadvix
    I'll let you know - it's tonight. I've been on one once before about ten years ago at a National Trust place (I was on a working holiday) and it was fascinating - they had lots of different varieties of bats living there though. This one starts with a talk first I think, so should be good.
    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
    • Karmacat
    • By Karmacat 21st Sep 17, 11:10 AM
    • 28,180 Posts
    • 155,270 Thanks
    Karmacat
    Sounds wonderful, madvix! Have a great time
    Retired August 2016
    • themadvix
    • By themadvix 21st Sep 17, 11:52 AM
    • 1,149 Posts
    • 6,709 Thanks
    themadvix
    Quick update - the post brought:

    * 2x customised 'youghurt' from Onken and 2 x vouchers for a free pot too, that was a nice surprise (also some ice block/bag type things - have popped in freezer as I'm sure they'll come in handy
    * The book I won
    * Vouchers from Sains for £4.50 off when I spend £30
    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 25th Sep 17, 2:04 PM
    • 1,149 Posts
    • 6,709 Thanks
    themadvix
    A few days late, but hey ho... Bat walk was absolutely fascinating, although DH did think it was more of a 'batless stand' (it was at our university observatory, and I saw more bats than I've ever seen stars on the times I've been up there for that, so I'm calling it a win on the bat front!). There weren't many bats as it had been raining just a bit earlier in the evening, but we did see some and we all had bat detectors, so we could hear them. The talk before we went out was very interesting - it seems there's a lot we don't know about bats still, so it's an area where a lot of exciting work is being done. We got to see a bat close up too, as the lady had a rescued bat that had been hand-reared and didn't want to learn to fly. Very cute! The evening was free and included tea and coffee when we got there, so we were very impressed! Went back to mum's for a pizza afterwards

    Not a particularly MSE weekend! Had to get the bus/train to brownies on Friday as my car was still out of action, so that cost nearly £10 (I don't run Brownies where I live now, but where I lived growing up - normally a 25 min drive away). Saturday we went to an event run by a brewery in London - not cheap at all, but a special event. We did save some money though as we walked to and from the station and didn't have dinner out in the end! Yesterday was better, although I've ordered a wood floor cleaning kit to hopefully save the bit where the cat peed on it - £46! (Shopped around though and saved £4 + P&P in the end.)

    This week is looking pretty quiet fortunately - last week was busy! Have got someone coming to measure for carpet on Wednesday, so that will be the last chunk of DIY money for the moment (although the electrician has yet to come back to do the circuit board... appears to have disappeared off the face of the earth...). We will be finishing odd diy jobs around the house this week.

    MS things:
    * DH has fixed my car (we think - testing tonight) and serviced it. I've no idea how much this has saved us, but judging by what Earthgirl was quoted for a brake pads change, it would be over £1k!
    * Daily comps done, must catch up with others
    * YG and NV surveys done
    * SBs and VB bits done
    * Am planning a shop using the first of the Sains vouchers
    * Cancelled veg box for this week as have plenty in
    * Sold a small item on ebay - ~£1.50 profit
    * Mum and I plan on doing boot sale next weekend (fingers crossed weather is okay as it's last chance before winter!)
    * Busy time with work, so should be able to start making a dent in the kitchen 'debt'.

    Gratitudes:
    * Car is fixed (hopefully!)
    * Saw other niece and BIL and partner yesterday
    * Good time on Saturday with friends
    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 29th Sep 17, 12:36 PM
    • 1,149 Posts
    • 6,709 Thanks
    themadvix
    Well I've spent most of this week struck down by a really miserable cold. This hasn't been good for the purse sadly, as we ended up having takeaway on Tuesday night (DH hasn't been feeling too great either). I was feeling a bit better by Weds eve, so we used the last of the Nectar/Pizza Express vouchers to have a meal out - cost £10 Had a fairly successful shop at Sains, but didn't spend enough to use my money-off voucher. Did use the free yoghurt one and a couple of free pizza ones (from entering a comp), so saved ~£6 on the bill

    Today is money shuffle day, so part 1 complete. Will have to wait until Monday for part 2. Money very tight still, but I can see the light at the end of the tunnel as work for main client has been continuous and is likely to remain so for the next couple of months (as well as some other projects in the pipeline).

    This afternoon I'll be ordering the carpet for the spare room - the underlay has already arrived (we'll fit this to save some money; we also had quite a bit left over from hall carpet). The window cleaner came and did our gutters this morning... I am embarrassed to say we've never cleaned them in 5 years (although there aren't any trees nearby to cause leaf blockages). He only wanted to charge £30, but he was at least two hours, so I gave him £45. There was a lot of dirt! A wood floor kit has just arrived, so hoping we'll be able to salvage the floor in the loo where the cat weed.... it's going to be a busy, busy weekend! (We're having people over next weekend, so there's quite a bit we'd like to get properly finished by then.)

    Am off to do a boot sale with mum tomorrow, so hopefully will sell a few bits there. It's the end of the season, so the organisers are only charging £5

    MS things:
    * Boot sale tomorrow (if it's dry!)
    * Saving on underlay
    * £6 saved from Sains shop
    * Won tickets to a theatre show
    * Daily comps done, will catch up with others later
    * VB, SBs done (inc survey)
    * Free baby food for my niece from Shopm!um

    Gratitudes:
    * Cold and flu remedies
    * Toad in the hole for dinner last night
    * Car **is** fixed - DH took it to work for a proper run today, so I have his - freedom! (but too much work to make the most of it! )
    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
    • Watty1
    • By Watty1 29th Sep 17, 5:12 PM
    • 2,897 Posts
    • 20,065 Thanks
    Watty1
    Loved the sound of the bat walk. You have inspired me to look for stuff like that locally.
    Mortgage at start of diary Sept 2013: £132,995 Aug 2015 £0
    Overpaying next mortgage. £79,491 now £27152
    • Jessy103
    • By Jessy103 29th Sep 17, 7:45 PM
    • 471 Posts
    • 1,992 Thanks
    Jessy103
    Hope you feel better MV and good luck with the boot sale! x
    Original Mortgage Amount 2007 - £87,310.50
    Mortgage Amount Oct 2017 - £61,990.00
    Overpayment Target for 2017 - £5,000 /£6746.24
    Jan - £873.26 Feb - £185.38 March - £269.07 April - £193.66 May - £467.64 June - £407.79 July - £849.96 August - £255.11 September - £177.22 October - £381.61 November - £50 December - £2635.54
    • themadvix
    • By themadvix 29th Sep 17, 8:53 PM
    • 1,149 Posts
    • 6,709 Thanks
    themadvix
    Watty, the local Wildlife Trust might have similar - when mum and I were looking on our local one's website the other day we were amazed at how much there was going on!

    Thanks Jess!
    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 30th Sep 17, 8:29 AM
    • 528 Posts
    • 1,676 Thanks
    try harder
    What a great month you have had overall ,a lovely new kitchen ,a camping holiday in North Norfolk and to top it all some great competition wins .Sorry to hear about the cold though ,hopefully you are feeling much better today for the weekend .
    • Karmacat
    • By Karmacat 30th Sep 17, 9:29 AM
    • 28,180 Posts
    • 155,270 Thanks
    Karmacat
    Take care of yourself at a boot sale while still suffering from that cold, even if its on the way out. Must try to use those Sains vouchers myself, there were loads came through the door all in one go.

    Hope your weekend is a nice one, even if you do have to get lots of jobs done.
    Retired August 2016
    • themadvix
    • By themadvix 30th Sep 17, 4:13 PM
    • 1,149 Posts
    • 6,709 Thanks
    themadvix
    Thanks all! No chance of getting worse KC, although I was concerned in the week about that .... got to mum's packed her car (having already packed and then unloaded my stuff into hers), got to the boot sale place, only to find the field was waterlogged and it had been cancelled!! Have spent most of the day repacking and sorting the stuff so it can 'overwinter' at mum's (so glad she's got room for it!). Am as exhausted as if we'd done the blimmin' boot sale now!

    DH has been busy while I've been out though, so at least one of us has achieved today!
    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
    • earthgirl
    • By earthgirl 30th Sep 17, 5:45 PM
    • 2,481 Posts
    • 20,357 Thanks
    earthgirl
    Oh no, sorry to hear about the boot sale. How annoying anyway hope you managed to get a bit of rest with all those jobs to do.
    15/5/12 Paid off Mortgage 1 (£220k) Dec 13 - £116,508 Bought Dream House Dec 14 - £94, 402 (£22,106 offset in 2014) Jan 16 - £67, 852 (£26,550 offset in 2015) Dec 16 - £33,529 ( £34,323offset in 2016)
    Jan 17 - £39, 773 (Re-estimation of endowments )
    June 17 £32,053 Sept 17 £22,619
    Kids savings 13,578/36k
    • Busy Mee1
    • By Busy Mee1 1st Oct 17, 7:21 AM
    • 438 Posts
    • 1,729 Thanks
    Busy Mee1
    Sorry to hear about your cold, all the typical back to school lurgies are flying around at the moment and how annoying about the car boot sale. New week - hopefully you will have a better one
    • themadvix
    • By themadvix 4th Oct 17, 10:41 AM
    • 1,149 Posts
    • 6,709 Thanks
    themadvix
    Thanks everyone for dropping in. I've not been updating much because we're super busy at the moment - carpet in spare room is being fitted Monday and room is not finished yet, we have ~20 coming around on Saturday (why can't people give a straight answer when you invite them to things?!) and then we're out tomorrow and Friday (which will be lovely, but puts the pressure on now!

    Monthly update:
    Mortgage last month: £98, 659.89
    Mortgage this month (normal payment only): £98,215.72
    Original Kitchen 'Debt': £2438.63
    Last month's kitchen debt: £2204.28
    This month's kitchen debt: £2189
    Reduction: £15! (And this was because I hadn't spotted all the money last month... I actually had to borrow from savings again to pay cc bill this month).

    Busy with work too, so things will be better this month.

    £25 win on PBs this month too (in just over a year £175 of winnings), so this will go towards the pot.

    Must go now, many many things on the to-do list! Next week calm will be restored!
    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
    • earthgirl
    • By earthgirl 5th Oct 17, 6:58 PM
    • 2,481 Posts
    • 20,357 Thanks
    earthgirl
    Hope it all goes well!
    15/5/12 Paid off Mortgage 1 (£220k) Dec 13 - £116,508 Bought Dream House Dec 14 - £94, 402 (£22,106 offset in 2014) Jan 16 - £67, 852 (£26,550 offset in 2015) Dec 16 - £33,529 ( £34,323offset in 2016)
    Jan 17 - £39, 773 (Re-estimation of endowments )
    June 17 £32,053 Sept 17 £22,619
    Kids savings 13,578/36k
    • themadvix
    • By themadvix 9th Oct 17, 1:49 PM
    • 1,149 Posts
    • 6,709 Thanks
    themadvix
    And breathe.... it's been a long four days! Last Thursday and Friday we had a great time - using up experience vouchers we'd been given for Christmas/birthday - a spa day on the Thursday (bliss!) and then I had a two-hour (randomly turned into 3 hours!) owl and eagle 'experience'. It was brilliant, I got to hold loads of birds and catch them as they flew to me (including a 10lb bald eagle - she was incredible!). Saturday we had lots of people round for 'Oktoberfest' - we had German food and people brought beer (and other drinks). It was good fun but a lot of hard work (and DH is already talking about 'next year'!).

    Yesterday we had to finish the spare room as the carpet was fitted this morning. This has to be a record for me - less than two weeks from ordering to fitting.... local companies win hands down! It looks great and I'm really pleased with the service.

    Finance-wise, Oktoberfest didn't cost too much (~£40?) as the wurst from Aldi were bargainous and I made the pretzels etc. Thursday and Friday's expenses come from our 'treat fund', so also haven't affected spends too much. More to the point though, DH has been given a £3k payrise (and the promise of another one in April) And he's going to siphon it straight off to pay off the mortgage (at least until March, when we may divert it for moving fees).

    My Dad also gave me a fiver for selling a mattress he was trying to get rid of on Fb, which was a nice surprise!

    This morning I've been playing catch up with work, and a new project has come in, which will be ongoing for the rest of the year hopefully. I've also done all my clicks etc., so trying to get back on top of the earning side. Have claimed a £20 Am voucher this morning from my web monitoring doo-dah.

    AOB:
    * Lots of leftovers to eat
    * House is tidy
    * Moving onto small bedroom for decorating - needs clearing first, sure to find more to sell!
    * Credit with fuel company still growing (£56 now and 3% interest on credit balances ) - no heating yet!

    Gratitudes:
    * Wonderful few days
    * Carpet fitted without any hassle
    * Lots more exciting stuff coming up in the next few weeks (theatre trip with won tickets; day trip to France, eurotunnel has a £20 return offer on; London to Brighton; trip to Cadbury World with Brownies
    * House is getting ever closer to being finished
    * Quiet day today!
    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 10th Oct 17, 12:31 PM
    • 1,149 Posts
    • 6,709 Thanks
    themadvix
    Getting back to normality at last! I must get around to everyone's diaries - I've been reading but not commenting.

    MSE:
    * SBs survey done, but I didn't get the credit, so have sent them a message - in the past they've always been good about crediting, so fingers crossed.
    * SBs clicks and Swago done - lots of free SBs today (nearly at £5 Am voucher again)
    * VB poll done and £1.62 on PA earned
    * £14.24 from VB paid (less tax, this will go into debt/savings)
    * Washing on the line
    * No heating, although I'm getting close to caving! (Have my wheat sheep on my lap today)
    * Lots of work to get on with

    Gratitudes:
    * The last pretzel, warmed in the microwave... yum
    * Motivation levels are high for getting things done right now - which is promising!
    * Loving the new spare room (carpet is so springy!)
    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
    • Karmacat
    • By Karmacat 10th Oct 17, 12:49 PM
    • 28,180 Posts
    • 155,270 Thanks
    Karmacat
    I love it, you're really on a roll!
    Retired August 2016
    • themadvix
    • By themadvix 10th Oct 17, 1:38 PM
    • 1,149 Posts
    • 6,709 Thanks
    themadvix
    Thanks KC, I do feel very 'on it' at the moment.

    Forgot to add earlier that I checked on my pension earlier - about £16k now, which considering I didn't have a pension 18 months ago, I really rather pleased with!
    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
    • Karmacat
    • By Karmacat 10th Oct 17, 2:02 PM
    • 28,180 Posts
    • 155,270 Thanks
    Karmacat
    Wow since thats a newcomer to your financial planning, thats bleeping impressive

    And from what I hear of pension legislation, its getting to be more and more important.

    Save
    Retired August 2016
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