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  • FIRST POST
    • muddywhitechicken
    • By muddywhitechicken 12th Oct 12, 10:29 PM
    • 3,704Posts
    • 33,931Thanks
    muddywhitechicken
    Making chicken feed of my mortgage
    • #1
    • 12th Oct 12, 10:29 PM
    Making chicken feed of my mortgage 12th Oct 12 at 10:29 PM
    Hello

    After reading lots of inspirational MFW diaries I have decided to start one of my own as a record of my progress and to keep me motivated.

    When we relocated to our current house 4.5 years ago we gained a bedroom but more than doubled our mortgage
    Luckily Mr MWC had a very generous 4-year relocation package and even luckier it was paid out in full when he was made redundant 6 months later…

    A little about the mortgage…

    July 2002

    Original mortgage (interest only)
    4.49% fixed rate
    Redemption date = July 2027
    £90,250

    April 2008

    Further advance (repayment)
    5.62% fixed rate
    Redemption date = April 2028
    £106,190

    October 2012

    Original mortgage (interest only)
    2.50% BMR
    Redemption date = April 2028
    £88,660

    Further advance (repayment)
    2.50% BMR
    Redemption date = August 2026
    £79,832

    We have been paying £134/month into a S&S ISA for the past 10 years to pay off the capital on the interest only mortgage - fingers crossed. Note to self: check performance of S&S ISA.

    We made our first OP of £2,750 to the FA last November and this year we have OP’d the equivalent of paying the FA twice a month, every month

    A little about me…

    41 years old
    0 children
    7 chickens
    Work FT in a job that bores me to tears but pays well and allows me to finish at lunchtime on Fridays

    A little about Mr MWC…

    Happy to OP as long it doesn’t affect our lifestyle
    Recent convert to topcashback

    Today I have…

    Sold 2 boxes of eggs @ £1.25/box
    Shined my sink (after scrubbing it and bleaching it first)
    Made sausage, barley & kale stew for dinner
    Been unable to locate a dividend cheque for £265 that came in the post last week…

    muddywhitechicken
Page 282
    • muddywhitechicken
    • By muddywhitechicken 4th Mar 17, 8:10 AM
    • 3,704 Posts
    • 33,931 Thanks
    muddywhitechicken
    I'm stressed and annoyed It's now 10 days since my great-aunt died and her useless grandson (next of kin) hasn't been in contact with the undertaker yet

    In financial news, I'll be getting a pay rise (2%) and bonus (8% cash, 3.5% LTI shares) at the end of the month. Not as good as last year but better than I was expecting

    The stove installation should be a simple 1-day job A little bit more expensive than I thought but not too bad. We just need to (at a minimum) get the chimney swept and paint the fireplace recess beforehand.

    Off to London today to look at more home furnishngs
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£42,000
    Current total overpayments: ~£116,250
    • gallygirl
    • By gallygirl 4th Mar 17, 8:41 AM
    • 16,414 Posts
    • 107,581 Thanks
    gallygirl
    I'm stressed and annoyed It's now 10 days since my great-aunt died and her useless grandson (next of kin) hasn't been in contact with the undertaker yet
    Originally posted by muddywhitechicken
    Aw I didn't realise it was great-aunt who had died. How lovely she got to meet her ?????? great-great nephew ?????. Am useless with working out relationships .

    I suppose there is no real rush but I always want funerals done and dusted asap - I hate the feeling of being in limbo. Hope he gets his finger out xxx
    Save
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    Mortgage Balance = £0
    "Do what others won't early in life so you can do what others can't later in life"
    • muddywhitechicken
    • By muddywhitechicken 4th Mar 17, 9:04 AM
    • 3,704 Posts
    • 33,931 Thanks
    muddywhitechicken
    Yes, even though she was 104 years old, it was unexpected I was able to get there just before she died so I've said my goodbyes. The funeral is pre-paid, all he has to do is register the death and sign some paperwork at the undertakers... useless so-and-so I'm not really surprised though as he didn't bother to visit her once in the last 18+ months even though he lived in the same small town
    Last edited by muddywhitechicken; 05-03-2017 at 5:49 PM.
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£42,000
    Current total overpayments: ~£116,250
    • muddywhitechicken
    • By muddywhitechicken 9th Mar 17, 9:21 PM
    • 3,704 Posts
    • 33,931 Thanks
    muddywhitechicken
    We have a date for the funeral 27 March

    Instead of the £1,700 tax rebate Mr MWC was expecting, HMRC has decided that he owes them almost exactly the same amount and that he needs to pay immediately
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£42,000
    Current total overpayments: ~£116,250
    • muddywhitechicken
    • By muddywhitechicken 10th Mar 17, 9:37 PM
    • 3,704 Posts
    • 33,931 Thanks
    muddywhitechicken
    It's the weekend

    I've successfully applied for a 0% interest CC - 28 months +£35 cashback Let the spending commence

    Plans for the weekend:

    - free 90 minute JL Home Design Style Advice appointment
    - buy a wedding outfit I hate clothes shopping... and I'm wondering how I can accessorise my navy kaliko dress so that it doesn't look like the dress they all saw me wearing at a funeral this week! Any ideas?
    - gardening
    - replace a fence panel
    - empty old chicken-destroyed hot compost bin into new hot compost bin + chickenproof it
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£42,000
    Current total overpayments: ~£116,250
    • XSpender
    • By XSpender 11th Mar 17, 7:38 AM
    • 2,588 Posts
    • 26,722 Thanks
    XSpender
    Gorgeous dress. Do you have anything already that would give you a pop of colour such as a hat, shoes or wrap in anything from pale grey to red? A chunky necklace might work too.

    Hope the JL consultation goes well. I am a bit stumped with our living room so would be interested to hear what they suggest.
    PAYDBX 2017 #99 from 4/5 - £2664.28/£10,000 26.6%
    Total Owed £39,547.78 May '17 Total owed July 17 £36883.50 Savings goal £1000 EF - £400
    DFD - May 2021 goal Feb 2020
    • apple muncher
    • By apple muncher 11th Mar 17, 8:45 AM
    • 6,301 Posts
    • 45,878 Thanks
    apple muncher
    Yikes to the tax being the wrong way round, and so much. Hope it gets sorted.
    NST Sept scrimper #2; NSD 9; Ex 7; craft 212; remove 510
    2017 MFW#63 Pay off: £2883/£4050; 2
    017 sell 110

    Mortgage £24,331 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295) MFWDate Dec 2018
    • greent
    • By greent 12th Mar 17, 12:43 PM
    • 6,196 Posts
    • 62,725 Thanks
    greent
    Meh! to HMRC and their inefficiency

    Definitely second accessorising the dress for the wedding - change the belt, with coloured shoes/ bag/ wrap (not necessarily all of them at the same time!) the look could be totally changed. A large wrap/ pashmina in palest soft grey or maybe ivory/ cream with a blue print, pale tights/ stockings, nude shoes (if they have a bit of bling on them even better) or patterned shoes (such as irregular choice or iron fist ones) Rather than a chunky necklace I'd go for a long statement piece (can be picked up in Accessorise - or even Claires for much less money! ) - but that's because I prefer those on me
    Lovely dress

    ETA: Or if they have a bargain priced dress from Kaliko on that site (now bookmarked!) buy that? - just picking Kaliko as you may know the fit of their clothes on you
    Last edited by greent; 12-03-2017 at 12:47 PM.
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) Bal 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    Next: BTL Mtge 12/16 £69786. 2017 OPs (#18) £4151/£3286
    Net sales 2017 £1152.39/£500 PAYDOX17 £11333/£10k Decluttered 1515/2017 items
    • muddywhitechicken
    • By muddywhitechicken 13th Mar 17, 9:54 PM
    • 3,704 Posts
    • 33,931 Thanks
    muddywhitechicken
    Spent too long looking at house-y things but I'm thinking about duck egg blue accessories???!!! On the back burner for a few days.

    6 weeks today I'll be in Portugal Needless to say a new diet/fitness regime started today Mr MWC is in Italy this week so no distractions. WW harissa salmon with cauliflower tabbouleh for dinner - I had my doubts but it was yummy

    Mr MWC phoned the tax office this morning. He thinks he got confused and made a mistake on the SA so the £1,700 rebate that turned into a £1,700 bill could potentially (I don't want to get my hopes up too high!) turn into a £3,500 rebate
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£42,000
    Current total overpayments: ~£116,250
    • muddywhitechicken
    • By muddywhitechicken 18th Mar 17, 8:01 AM
    • 3,704 Posts
    • 33,931 Thanks
    muddywhitechicken
    I'm back in "The Zone"

    followed the diet... properly!
    -3 lbs
    gym 5/5
    75,764 steps

    No progress on the wedding outfit but I have bought a lovely pair of linen trousers for Portugal and lots of fancy shower gel on BOGOF

    No final price or starting date for the kitchen yet and no news from the tax office.

    A 3 bedroom, end-of-terrace house across the road from us went on the market 3-4 weeks ago for £500,000 I need to get our house valued!!! As far as I can see from rightmove, the things that add value to it are that it is Grade II listed (that side of the street is, our side isn't but we're still in the conservation area and 100+ years old), end-of-terrace (we're mid-terrace), double-length garage (no garage), en-suite and it overlooks a "village green" (we're just to one side and behind a hedge!). I think the flow of the house is really weird though Quite quickly the price reduced to £475,000 and now it's sold STC
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£42,000
    Current total overpayments: ~£116,250
    • muddywhitechicken
    • By muddywhitechicken 18th Mar 17, 8:13 AM
    • 3,704 Posts
    • 33,931 Thanks
    muddywhitechicken
    I spoke too soon... Mr MWC is due a tax rebate of £3,537.77
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£42,000
    Current total overpayments: ~£116,250
    • apple muncher
    • By apple muncher 18th Mar 17, 8:25 AM
    • 6,301 Posts
    • 45,878 Thanks
    apple muncher
    Fantastic news! That'll get you a few more fancy shower gels...
    NST Sept scrimper #2; NSD 9; Ex 7; craft 212; remove 510
    2017 MFW#63 Pay off: £2883/£4050; 2
    017 sell 110

    Mortgage £24,331 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295) MFWDate Dec 2018
    • earthgirl
    • By earthgirl 18th Mar 17, 4:38 PM
    • 2,406 Posts
    • 19,443 Thanks
    earthgirl
    Great news on the tax rebate. Phew!
    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
    • greent
    • By greent 18th Mar 17, 8:34 PM
    • 6,196 Posts
    • 62,725 Thanks
    greent
    Fab news from HMRC! x
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) Bal 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    Next: BTL Mtge 12/16 £69786. 2017 OPs (#18) £4151/£3286
    Net sales 2017 £1152.39/£500 PAYDOX17 £11333/£10k Decluttered 1515/2017 items
    • muddywhitechicken
    • By muddywhitechicken 25th Mar 17, 8:29 PM
    • 3,704 Posts
    • 33,931 Thanks
    muddywhitechicken
    - buy a wedding outfit I hate clothes shopping... and I'm wondering how I can accessorise my navy kaliko dress so that it doesn't look like the dress they all saw me wearing at a funeral this week! Any ideas?
    Originally posted by muddywhitechicken
    So... I've bought...

    a multi/navy silk caped scarf with beautiful purple pansies

    a navy hat

    and a duck egg blue handbag

    What do you think?

    In money-related news, the home improvement fund has exceeded its target without me needing to sell any of my shares and I've received a £350 dividend

    In kitchen/living room news, we sign the production drawings for the kitchen this week and we've chosen sofas, chairs, wallpaper and paint for the living room
    Last edited by muddywhitechicken; 25-03-2017 at 8:52 PM.
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£42,000
    Current total overpayments: ~£116,250
    • Greying Pilgrim
    • By Greying Pilgrim 25th Mar 17, 8:49 PM
    • 3,781 Posts
    • 41,629 Thanks
    Greying Pilgrim
    MWC - as I'm a walking trousers and fleece- at all times - kinda gal (don't ask me what I got married in!), I'm not going to venture into fashion advice.

    But I do like that hat - honestly

    And the link to the handbag doesn't seem to work - I think it goes to an MSE page instead for some reason. Or is it just my non-techy fingers?

    Lovely to *see* you.

    Greying X
    Last edited by Greying Pilgrim; 25-03-2017 at 9:00 PM.
    'Ich habe genug'

    'I am not in the pursuit of happiness, only in the discovery of joy' - Joyce Grenfell
    • muddywhitechicken
    • By muddywhitechicken 25th Mar 17, 8:56 PM
    • 3,704 Posts
    • 33,931 Thanks
    muddywhitechicken
    Thanks Greying

    I'm so rubbish at fashion and accessories that I had to ask a sales assistant if I was wearing the caped scarf correctly!
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£42,000
    Current total overpayments: ~£116,250
    • Greying Pilgrim
    • By Greying Pilgrim 25th Mar 17, 9:00 PM
    • 3,781 Posts
    • 41,629 Thanks
    Greying Pilgrim
    ooooh, yes, that is a nice bag. I don't use handbags at all, but I like that one - like the colour too

    I'm scared of fashion sales assistants, and shop in m1llet$

    Greying X
    'Ich habe genug'

    'I am not in the pursuit of happiness, only in the discovery of joy' - Joyce Grenfell
    • Fortune Smiles
    • By Fortune Smiles 25th Mar 17, 9:34 PM
    • 2,530 Posts
    • 20,823 Thanks
    Fortune Smiles
    All very stylish and glamorous MWC - you'll look fab

    Fortune x
    Mortgage: 0.94% paid House Deposit Contribution: 72%

    All we have to decide is what to do with the time that is given to us - J R R Tolkein
    • XSpender
    • By XSpender 27th Mar 17, 9:51 AM
    • 2,588 Posts
    • 26,722 Thanks
    XSpender
    Lovely choices, I especially like the scarf thingy.
    PAYDBX 2017 #99 from 4/5 - £2664.28/£10,000 26.6%
    Total Owed £39,547.78 May '17 Total owed July 17 £36883.50 Savings goal £1000 EF - £400
    DFD - May 2021 goal Feb 2020
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