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  • FIRST POST
    • QB Wolf
    • By QB Wolf 7th Jul 12, 7:07 AM
    • 675Posts
    • 2,918Thanks
    QB Wolf
    QB Wolf's long and winding road
    • #1
    • 7th Jul 12, 7:07 AM
    QB Wolf's long and winding road 7th Jul 12 at 7:07 AM
    Hello, I’ve spent a lot of this week trying to sort out my finances, cancelling un-needed things, sorting out utilities etc, managed to shave £800 off my debts in a month, credit card balance cleared!! Now I’ve started to think about my mortgage - details in my signature.

    I’ve decided on small targets and not to worry too much about the big scary number, so I will get it down to £180K by Christmas. Once I get there I’ll think about a realistic target for the next 6 months. I’ll need to pay some biggish chunks –but I do have some savings so we’ll see.

    I’ve just had a promotion at work, so have a bit more cash coming in, so have set up a standing order to overpay £100 a month; this will save me £16,444 in interest and pay it off in full 3 years and 5 months earlier, it’s a small start but it feels good!!!

    A bit about me I’m 37, married with two kids, a boy who is nearly three and a daughter who is 12 days old!! – So Mrs QBW is working in a different sense for a bit.
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =214,400
    Original LTV = 64.29% Current LTV = 61.26%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1154.98
Page 33
    • QB Wolf
    • By QB Wolf 3rd Jun 16, 3:20 PM
    • 675 Posts
    • 2,918 Thanks
    QB Wolf
    So found out what my bonus was for the year and it was pretty good - so we've booked a holiday - not entirely sure it's a very MSE/Sensible thing to do - but life is for living and I don't want to regret not having taken the kids on holiday when I'm older so there you go.
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =214,400
    Original LTV = 64.29% Current LTV = 61.26%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1154.98
    • Pushkin
    • By Pushkin 3rd Jun 16, 5:58 PM
    • 739 Posts
    • 2,755 Thanks
    Pushkin
    Good for you - bonus is exactly that I think so good to spend on something enjoyable.
    • QB Wolf
    • By QB Wolf 4th Jun 16, 11:00 AM
    • 675 Posts
    • 2,918 Thanks
    QB Wolf
    Thanks Pushkin, I like your thinking :-)
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =214,400
    Original LTV = 64.29% Current LTV = 61.26%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1154.98
    • QB Wolf
    • By QB Wolf 17th Jun 16, 10:55 PM
    • 675 Posts
    • 2,918 Thanks
    QB Wolf
    Monthly mortgage payment gone out - no OPs again.
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =214,400
    Original LTV = 64.29% Current LTV = 61.26%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1154.98
    • Pearla*Merle
    • By Pearla*Merle 18th Jun 16, 5:46 PM
    • 1,517 Posts
    • 8,792 Thanks
    Pearla*Merle
    Don't worry QB Wolf, the fact you're thinking about & planning OPs already mean you're miles ahead of most people!
    a penny picker upper. every penny's a prisoner!
    £26.65 til OnePoll payout! Round six! | Save £2950/£15,000
    Normality is a paved road; it's comfortable to walk, but no flowers grow on it.
    Whatever you're meant to do, do it now. The conditions are always impossible.
    The only thing you absolutely have to know, is the location of the library.
    • QB Wolf
    • By QB Wolf 26th Sep 16, 3:33 PM
    • 675 Posts
    • 2,918 Thanks
    QB Wolf
    Forgive me fellow MFWs for I have not posted for a long time...

    ... I have no excuses - Summer seems to have gotten in the way, but we have had a great one, really enjoyed it.

    I haven't made any overpayments, but have managed to get in better shape financially, although there is still work to do... isn't there always.

    Mrs QBW has started enquiring about OPing, which is also v positive.

    We've now been in our house for over a year and within the next month will be beginning the first phase of the work, converting part of the garage into a utility room woo hoo!!!

    I've updated my sig and the mortgage has reduced by £2,200, which is OK, but would like to find a way to getting to the £200s a bit quicker.
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =214,400
    Original LTV = 64.29% Current LTV = 61.26%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1154.98
    • QB Wolf
    • By QB Wolf 26th Sep 16, 6:10 PM
    • 675 Posts
    • 2,918 Thanks
    QB Wolf
    Just made my first OP in 7 months of £17.55 thanks to A Frayed Knot, rounded my mortgage down to the nearest 100. I can't really afford big OPs but reckon I can do that once a month, I'm inspired!!
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =214,400
    Original LTV = 64.29% Current LTV = 61.26%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1154.98
    • A Frayed Knot
    • By A Frayed Knot 26th Sep 16, 6:27 PM
    • 1,742 Posts
    • 7,993 Thanks
    A Frayed Knot
    Just made my first OP in 7 months of £17.55 thanks to A Frayed Knot, rounded my mortgage down to the nearest 100. I can't really afford big OPs but reckon I can do that once a month, I'm inspired!!
    Originally posted by QB Wolf
    Well done

    Edit - can you do me a favour and do another post, I'm not liking your number of posts one bit Sorry
    Last edited by A Frayed Knot; 26-09-2016 at 6:36 PM.
    Always have 00.00 at the end of your mortgage balance and someday it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    o/p 2014/£4000, 2015/£6294.69 MFW2016 #27 £3101.03/£3000
    £1000/£1000 51.44/33.29=84.73
    • QB Wolf
    • By QB Wolf 17th Oct 16, 8:55 PM
    • 675 Posts
    • 2,918 Thanks
    QB Wolf
    Well done

    Edit - can you do me a favour and do another post, I'm not liking your number of posts one bit Sorry
    Originally posted by A Frayed Knot
    Ha ha here's another post to get me off the number of the beast.

    Signature updated, but now I need to overpay 63 to get to 00.00 or 163 to get to 000.00.

    Need to check my accounts, to see what I can afford.

    In other news, the new utility room starts being done tomorrow
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =214,400
    Original LTV = 64.29% Current LTV = 61.26%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1154.98
    • A Frayed Knot
    • By A Frayed Knot 17th Oct 16, 9:59 PM
    • 1,742 Posts
    • 7,993 Thanks
    A Frayed Knot
    At last, wasn't sitting comfortable with me

    Good to see you remembered the zero policy but you have big work ahead, and I take it that means big expense


    Hope work goes to plan along with zeros.
    Always have 00.00 at the end of your mortgage balance and someday it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    o/p 2014/£4000, 2015/£6294.69 MFW2016 #27 £3101.03/£3000
    £1000/£1000 51.44/33.29=84.73
    • Pushkin
    • By Pushkin 18th Oct 16, 5:46 PM
    • 739 Posts
    • 2,755 Thanks
    Pushkin
    Are you having an existing utility room renovated or is it an extension to create one? Either way I'm jealous - would love a utility room - good luck with it all - am sure the end result will be worth all the hassle!
    • QB Wolf
    • By QB Wolf 19th Oct 16, 2:39 PM
    • 675 Posts
    • 2,918 Thanks
    QB Wolf
    Are you having an existing utility room renovated or is it an extension to create one? Either way I'm jealous - would love a utility room - good luck with it all - am sure the end result will be worth all the hassle!
    Originally posted by Pushkin
    Hi Pushkin - Neither, we're having the back part of the garage converted. Will be good to get the washing machine moved out of the kitchen, and be able to use the dryer which has been in the garage for over a year.

    Also means we can plug the dishwasher in where the washing machine was, again we've been without it for over a year.

    Also having a new boiler and central heating and having the house re-wired, maybe I won't do that overpayment after all.
    Last edited by QB Wolf; 19-10-2016 at 4:54 PM.
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =214,400
    Original LTV = 64.29% Current LTV = 61.26%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1154.98
    • A Frayed Knot
    • By A Frayed Knot 19th Oct 16, 11:26 PM
    • 1,742 Posts
    • 7,993 Thanks
    A Frayed Knot
    . . . . . . . . . . . . . . . . maybe I won't do that overpayment after all.
    Originally posted by QB Wolf

    . There's always the 3 at the end of your mortgage Go on, you can do it you know you want to
    Always have 00.00 at the end of your mortgage balance and someday it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    o/p 2014/£4000, 2015/£6294.69 MFW2016 #27 £3101.03/£3000
    £1000/£1000 51.44/33.29=84.73
    • QB Wolf
    • By QB Wolf 4th Nov 16, 11:27 AM
    • 675 Posts
    • 2,918 Thanks
    QB Wolf
    Sorry AFK not managed to make the OP. As someone once said Money is too tight to mention.... Work is ongoing on the utility room, I really hope it's going to be worth it - not sure what it's going to add to my life personally, but there you go.
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =214,400
    Original LTV = 64.29% Current LTV = 61.26%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1154.98
    • A Frayed Knot
    • By A Frayed Knot 4th Nov 16, 6:33 PM
    • 1,742 Posts
    • 7,993 Thanks
    A Frayed Knot
    No matter, other priorities are taking over for the moment, and I'm sure it will make a huge difference to you.Happy Wife, Happy Life and all that

    I'm going to relax the o/p's/savings for the next two months until after the NY, then pick it up again, knowing I have 2 "free" months for council tax - will boost my o/p's to get me started again

    And if you just happen to have a spare £ or two, no harm in o/p them, just remember, that would be another £2 your not paying interest on, ever again
    Always have 00.00 at the end of your mortgage balance and someday it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    o/p 2014/£4000, 2015/£6294.69 MFW2016 #27 £3101.03/£3000
    £1000/£1000 51.44/33.29=84.73
    • QB Wolf
    • By QB Wolf 17th Nov 16, 7:50 AM
    • 675 Posts
    • 2,918 Thanks
    QB Wolf
    Standard Mortgage payment gone in and we've now paid 10k off the mortgage. Only another 21.5 10ks left to pay :-)

    The re-wiring has started on the house, wife and kids have moved out, I'm sleeping on the sofa and the house looks like Beirut.

    I've also been doing another job at work on an interim basis and that's going really well, but really opened up my mind about what to do with my career - watch this space.
    Last edited by QB Wolf; 18-11-2016 at 10:22 AM.
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =214,400
    Original LTV = 64.29% Current LTV = 61.26%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1154.98
    • try harder
    • By try harder 17th Nov 16, 11:33 AM
    • 179 Posts
    • 456 Thanks
    try harder
    Just finished reading through your diary this morning ,you have done so well ,your new home sounds lovely ,will be following with interest.
    • QB Wolf
    • By QB Wolf 17th Nov 16, 2:14 PM
    • 675 Posts
    • 2,918 Thanks
    QB Wolf
    Thanks Try Harder - I really appreciate you taking the time to read my diary, hope you enjoyed it.
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =214,400
    Original LTV = 64.29% Current LTV = 61.26%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1154.98
    • QB Wolf
    • By QB Wolf 18th Nov 16, 10:37 AM
    • 675 Posts
    • 2,918 Thanks
    QB Wolf
    Just made a £37.43 OP to round my balance down, A Frayed Knot would be very proud. Another 0.01% of my mortgage paid off.
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =214,400
    Original LTV = 64.29% Current LTV = 61.26%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1154.98
    • A Frayed Knot
    • By A Frayed Knot 18th Nov 16, 9:41 PM
    • 1,742 Posts
    • 7,993 Thanks
    A Frayed Knot
    Your right,

    Well done QB Wolf, even with all the work you have going on, you are still managing to o/p
    addictive, isn't it
    Always have 00.00 at the end of your mortgage balance and someday it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    o/p 2014/£4000, 2015/£6294.69 MFW2016 #27 £3101.03/£3000
    £1000/£1000 51.44/33.29=84.73
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