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    • unhappy_shopper
    • By unhappy_shopper 3rd Apr 12, 5:07 PM
    • 1,290Posts
    • 7,024Thanks
    My journey to Mortgage-freedom
    • #1
    • 3rd Apr 12, 5:07 PM
    My journey to Mortgage-freedom 3rd Apr 12 at 5:07 PM
    Hi all,

    I have been a lurker for too long, posting sometimes and without a dairy. So, I thought I would rectify that by creating a diary to remind myself of my journey to being mortgage free.

    I have signed up for the MFiT-T2 challenge as #77 and MFW-2012 as #34.

    Background: Our MFW journey started in Feb. 2007 when we bought our first home in UK. We had paid off a large chunk by May 2011, when we bought our second home as it is convenient for my OH's job. So now we have 2 mortgages with a combined outstanding amount of approx. £138K. Our major expenses are university tuition fees for DS1 @overseas rate and school fees for DS2 (independent school). Next comes mortgage in the priority of things.

    I do small things such as using vouchers for grocery shopping, surveys for Amazon vouchers, cashback on most online purchases. All these go into the OP pot. I have recently switched to Halifax Reward account for the monthly £5 reward. Hope to be MF within the next 5-6 years.

    Best Regards,

    ( I am not unhappy in life, just unhappy to part with my hard-earned cash while shopping - makes me think twice before I hand over my CC to pay at the till)
    Last edited by unhappy_shopper; 18-04-2012 at 6:46 PM.
    Mortgage: @ Feb. 2007: £133,200; Apr. 2011: £24,373; May 2011: £175,999; Jun 2013: ~£97,000; Mar. 2014 £392,212.73; Dec. 2015: £327,051.77; Oct. 2016 £466,231.22
    S&S ISA: t
    ransaction charges: 4.3% portfolio: +41.1%
Page 22
    • unhappy_shopper
    • By unhappy_shopper 14th Oct 16, 10:27 PM
    • 1,290 Posts
    • 7,024 Thanks
    With all Brexit-related stuff going on and the plummeting sterling, I am hoping that the current low interest rates will hold on for some time so that the mortgage balances can be reduced further. This year, I will not be contributing to the ISA, but choosing pension instead to fully make use of the pension relief before it disappears.

    We have made a big OP to one of the mortgages; still a long way to go.

    Good night :-)
    Mortgage: @ Feb. 2007: £133,200; Apr. 2011: £24,373; May 2011: £175,999; Jun 2013: ~£97,000; Mar. 2014 £392,212.73; Dec. 2015: £327,051.77; Oct. 2016 £466,231.22
    S&S ISA: t
    ransaction charges: 4.3% portfolio: +41.1%
    • misscousinitt
    • By misscousinitt 17th Oct 16, 1:31 PM
    • 3,491 Posts
    • 19,978 Thanks
    Good to see you US!

    Mortgage Free x 1 03.11.2012 - House rented out Feb 2016
    Mortgage No 2: £97,761.38 (12.02.2017)
    OP's to Date £2500

    Renovation Fund:£944.75; Kitchen Fund (including re-wiring): £notalotleft; Roof Fund £0 - all done
    Nectar Points Balance: £35.49
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