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  • FIRST POST
    • QB Wolf
    • By QB Wolf 7th Jul 12, 7:07 AM
    • 710Posts
    • 3,038Thanks
    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 =209,000
    Original LTV = 64.29% Current LTV = 59.71%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1357.10
Page 35
    • A Frayed Knot
    • By A Frayed Knot 27th Jan 17, 7:23 PM
    • 2,039 Posts
    • 9,251 Thanks
    A Frayed Knot
    I need more money!
    Originally posted by QB Wolf

    Strangely enough - You are not alone

    Doing amazingly well, what with all the work you have going on and still managing to o/p
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £2422.71 + Phantom o/ps 2017 -£1367.81 so far
    • QB Wolf
    • By QB Wolf 29th Jan 17, 12:40 PM
    • 710 Posts
    • 3,038 Thanks
    QB Wolf
    Every year I say I'll do my tax return early next year, every year I leave it until the last minute.

    Just done it and they owe me money, I'm saying it quietly - maybe the worm has turned
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =209,000
    Original LTV = 64.29% Current LTV = 59.71%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1357.10
    • QB Wolf
    • By QB Wolf 29th Jan 17, 12:42 PM
    • 710 Posts
    • 3,038 Thanks
    QB Wolf
    Strangely enough - You are not alone

    Doing amazingly well, what with all the work you have going on and still managing to o/p
    Originally posted by A Frayed Knot
    Thanks AFK I'm a master of stating the obvious.
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =209,000
    Original LTV = 64.29% Current LTV = 59.71%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1357.10
    • QB Wolf
    • By QB Wolf 3rd Feb 17, 10:00 AM
    • 710 Posts
    • 3,038 Thanks
    QB Wolf
    12 days on.

    Things aren't going well, we've found a leak on the upstairs toilet down pipe, that has been running for that long that a joist in the living room has rotted through, one corner has dropped two inches.

    When doing the re-wiring a lot of the plaster had come down, so the bedrooms all need re-plastering, I've got one of the bedrooms to bare brick and the ceiling dropped.

    During this process we've noticed a pretty nasty crack in the brickwork caused by a roof support column not being supported properly.

    We also had an attempted burglary last week, luckily the ******* was scared off and didn't get in, they've arrested someone, he's in court tomorrow, and hopefully locked up for a looooonnnnngggg time.

    But it does mean we need a new front door and surround and we're also getting an alarm fitted.

    I'm living in the house alone and have been now for the last 9 days.

    The utility room is coming along slowly but surely, floor tiles started going down today and the new central heating system is coming along too.

    Merry Christmas
    Originally posted by QB Wolf
    So yesterday was a breakthrough day - down pipe and joist fixed and utility plumbing completed, the biggest thing is that my lad can go to the toilet upstairs in the middle of the night and not have to wake me up to take him downstairs

    Tiling being done in the utility, it's not far from being complete
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =209,000
    Original LTV = 64.29% Current LTV = 59.71%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1357.10
    • QB Wolf
    • By QB Wolf 17th Feb 17, 10:30 AM
    • 710 Posts
    • 3,038 Thanks
    QB Wolf
    Utility room more or less done, inside, some small jobs to do, but it's usable and already making a difference, having a tumble drier. Just need to get the dishwasher plumbed in now in the kitchen, leaks on the inlet and waste.

    Mortgage Payment gone in and small £70 OP gone in. Apologies AFK you won't like my total. 211,999.99. Just wanted to get into the 211s I hope you understand.
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =209,000
    Original LTV = 64.29% Current LTV = 59.71%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1357.10
    • A Frayed Knot
    • By A Frayed Knot 17th Feb 17, 10:27 PM
    • 2,039 Posts
    • 9,251 Thanks
    A Frayed Knot
    Utility room more or less done, inside, some small jobs to do, but it's usable and already making a difference, having a tumble drier. Just need to get the dishwasher plumbed in now in the kitchen, leaks on the inlet and waste.

    Mortgage Payment gone in and small £70 OP gone in. Apologies AFK you won't like my total. 211,999.99. Just wanted to get into the 211s I hope you understand.
    Originally posted by QB Wolf

    Great news all that work was worth it
    Had a good giggle to myself re your total We posted within minutes of each other your right, I don't like your total, personally think £212,000.00 looks less than £211,999.99 but totally understand the method in your madness hope you manage to find the £9.99 from somewhere soon
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £2422.71 + Phantom o/ps 2017 -£1367.81 so far
    • CathT
    • By CathT 18th Feb 17, 10:31 AM
    • 5,203 Posts
    • 35,713 Thanks
    CathT
    Hello

    Have read though your whole diary this morning and really enjoyed it. So glad to read you finally moved and the work in the new property is almost there. Are you also planning an extension (am sure I read about architect costs). We briefly tried to sell ours (gave up after 5 months but had 9 viewers all in a position to proceed and no offers) and had extended. We are almost here now and it's definitely been worth it! Another center parcs and Devon/cornwall fan here too :withtwo little ones we are also trying to keep he balance. I'm sure the children won't be too interested or excited that our mortgage will hopefully be gone by the time I'm mid 40's.
    July 2017 -
    part 1 - £80,702
    part 2 - £46,583
    Total - £127,285
    • QB Wolf
    • By QB Wolf 19th Feb 17, 10:03 AM
    • 710 Posts
    • 3,038 Thanks
    QB Wolf
    Great news all that work was worth it
    Had a good giggle to myself re your total We posted within minutes of each other your right, I don't like your total, personally think £212,000.00 looks less than £211,999.99 but totally understand the method in your madness hope you manage to find the £9.99 from somewhere soon
    Originally posted by A Frayed Knot
    Not quite sure 212 looks less than 211. No more OPs this month. Back to rounding down in March
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =209,000
    Original LTV = 64.29% Current LTV = 59.71%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1357.10
    • QB Wolf
    • By QB Wolf 19th Feb 17, 10:07 AM
    • 710 Posts
    • 3,038 Thanks
    QB Wolf
    Hello

    Have read though your whole diary this morning and really enjoyed it. So glad to read you finally moved and the work in the new property is almost there. Are you also planning an extension (am sure I read about architect costs). We briefly tried to sell ours (gave up after 5 months but had 9 viewers all in a position to proceed and no offers) and had extended. We are almost here now and it's definitely been worth it! Another center parcs and Devon/cornwall fan here too :withtwo little ones we are also trying to keep he balance. I'm sure the children won't be too interested or excited that our mortgage will hopefully be gone by the time I'm mid 40's.
    Originally posted by CathT
    Thanks so much for reading my diary, I really appreciate it.

    We are planning an extension, but reducing what we had planned as can't afford the whole thing.

    I think you're right about the kids, they're just not young for that long and you have to enjoy it.


    We're off on a Sun Voucher Holiday to Croyde on Friday for a long weekend - can't wait. Haven't done a Center Parcs for about 16 months.
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =209,000
    Original LTV = 64.29% Current LTV = 59.71%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1357.10
    • A Frayed Knot
    • By A Frayed Knot 19th Feb 17, 11:34 AM
    • 2,039 Posts
    • 9,251 Thanks
    A Frayed Knot
    Not quite sure 212 looks less than 211. No more OPs this month. Back to rounding down in March
    Originally posted by QB Wolf
    No, but looks less than 999.99

    Have a lovely weekend away.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £2422.71 + Phantom o/ps 2017 -£1367.81 so far
    • QB Wolf
    • By QB Wolf 24th Mar 17, 4:11 PM
    • 710 Posts
    • 3,038 Thanks
    QB Wolf
    Apologies I've not posted in a while, my laptop died and have been trying to get it sorted. Have been given a new one, well new to me at least.

    No money news really, I have come to the conclusion that I don't earn enough and have started applying for jobs that will pay me more.

    Apart from that, I may have an OP holiday this month!!!
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =209,000
    Original LTV = 64.29% Current LTV = 59.71%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1357.10
    • QB Wolf
    • By QB Wolf 31st Mar 17, 9:45 AM
    • 710 Posts
    • 3,038 Thanks
    QB Wolf
    I need more money!
    Originally posted by QB Wolf
    Seek and ye shall find.

    Had a pay rise, not a life changer, but an extra £400 a month, which will help.

    Slightly annoyed though as my old boss had been promising to sort this for the last two years, my new boss has sorted it out in 2 months.
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =209,000
    Original LTV = 64.29% Current LTV = 59.71%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1357.10
    • QB Wolf
    • By QB Wolf 1st Apr 17, 7:09 AM
    • 710 Posts
    • 3,038 Thanks
    QB Wolf
    Taking my son today for his first trip to the bank today, pay some money into his account, he's really excited. Mostly about the bag of 1ps that he's collected.
    Last edited by QB Wolf; 02-04-2017 at 12:29 AM.
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =209,000
    Original LTV = 64.29% Current LTV = 59.71%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1357.10
    • A Frayed Knot
    • By A Frayed Knot 2nd Apr 17, 11:06 AM
    • 2,039 Posts
    • 9,251 Thanks
    A Frayed Knot
    Taking my son today for his first trip to the bank today, pay some money into his account, he's really excited. Mostly about the bag of 1ps that he's collected.
    Originally posted by QB Wolf
    Excellent news, I hope you made it up to .00 at the end
    Seek and ye shall find.

    Had a pay rise, not a life changer, but an extra £400 a month, which will help.

    Slightly annoyed though as my old boss had been promising to sort this for the last two years, my new boss has sorted it out in 2 months.
    Originally posted by QB Wolf

    Well done New Boss - did you ask for it backdated £400 a month - well that would certainly be a life changer for me Much better than the £300 I got last year, but don't get too excited - that was £300 a year


    Have you entered a £400 mortgage overpayment into the calculator to see how many years that would knock off your mortagage ??


    http://www.whatsthecost.com/snowball.aspx


    Now tell me, that's not a life changer
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £2422.71 + Phantom o/ps 2017 -£1367.81 so far
    • QB Wolf
    • By QB Wolf 4th Apr 17, 8:57 PM
    • 710 Posts
    • 3,038 Thanks
    QB Wolf
    Trouble is AFK, we would like a new car, a new kitchen and a holiday or two
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =209,000
    Original LTV = 64.29% Current LTV = 59.71%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1357.10
    • QB Wolf
    • By QB Wolf 19th May 17, 12:56 PM
    • 710 Posts
    • 3,038 Thanks
    QB Wolf
    Not posted for a while, but the big news is the mortgage has gone below 60% LTV, pretty significant milestone as we can now get the best deals!!


    £209,753.92 59.93%LTV

    I did say we wouldn't do any work on the house until we'd hit that milestone, but Mrs QBW had other ideas.
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =209,000
    Original LTV = 64.29% Current LTV = 59.71%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1357.10
    • A Frayed Knot
    • By A Frayed Knot 19th May 17, 7:18 PM
    • 2,039 Posts
    • 9,251 Thanks
    A Frayed Knot
    Excellent news , Well done BUT

    You know what I'm going to say

    "You might have paid off that £3.92 or £53.92 before posting your mortgage figure "

    It would look so much better No robbing your son's pennies though

    Question - out of curiosity - would you still be under the 60% if you hadn't been rounding down ?
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £2422.71 + Phantom o/ps 2017 -£1367.81 so far
    • EatingTheElephant
    • By EatingTheElephant 20th May 17, 6:46 AM
    • 1,044 Posts
    • 5,514 Thanks
    EatingTheElephant
    Great news, well done
    • QB Wolf
    • By QB Wolf 20th May 17, 4:01 PM
    • 710 Posts
    • 3,038 Thanks
    QB Wolf
    Excellent news , Well done BUT

    You know what I'm going to say

    "You might have paid off that £3.92 or £53.92 before posting your mortgage figure "

    It would look so much better No robbing your son's pennies though

    Question - out of curiosity - would you still be under the 60% if you hadn't been rounding down ?
    Originally posted by A Frayed Knot

    I would just about have still been below the 60%. Struggling to make OPs at the mo', will make one in June
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =209,000
    Original LTV = 64.29% Current LTV = 59.71%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1357.10
    • QB Wolf
    • By QB Wolf 3rd Jul 17, 10:13 PM
    • 710 Posts
    • 3,038 Thanks
    QB Wolf
    Apologies no posts for a long time, but just made a small token OP. First for a while. Takes me to a nice even £209k.

    DDs bedroom was finished last week, so one more room done, just put the deposit down on a new kitchen aaarrrgggghhhhh!!!!!
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =209,000
    Original LTV = 64.29% Current LTV = 59.71%
    Original Pay Off Date = Oct' 36 New Pay Off date = Oct' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1357.10
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