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  • FIRST POST
    • muddywhitechicken
    • By muddywhitechicken 12th Oct 12, 10:29 PM
    • 3,702Posts
    • 33,918Thanks
    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 291
    • muddywhitechicken
    • By muddywhitechicken 21st Aug 17, 9:19 AM
    • 3,702 Posts
    • 33,918 Thanks
    muddywhitechicken


    I've discovered genealogy and found great great great grandparents but appear to have lost an entire weekend...

    Still eating leftovers! Lovely MSE chum stayed Friday night and helped
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£47,000
    Current total overpayments: ~£111,250
    • apple muncher
    • By apple muncher 21st Aug 17, 1:22 PM
    • 6,289 Posts
    • 45,806 Thanks
    apple muncher
    Hilarious!
    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
    • muddywhitechicken
    • By muddywhitechicken 21st Aug 17, 7:32 PM
    • 3,702 Posts
    • 33,918 Thanks
    muddywhitechicken
    Yummy beetroot & chard risotto for dinner using golden beetroot and swiss chard from the garden

    Today's party leftover was the dregs of a box of pinot grigio blush!
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£47,000
    Current total overpayments: ~£111,250
    • VintageHistorian
    • By VintageHistorian 21st Aug 17, 9:34 PM
    • 208 Posts
    • 1,358 Thanks
    VintageHistorian
    Welcome to the genealogy gang MWC! Ancestry is coming up to a free weekend over the Bank Holiday so if you're reluctant to pay for a proper subscription then you can utilise it this weekend!
    "You won't bloom until you're planted" - Graffiti spotted in Newcastle.

    Make £3 a Day in September2017 - £15.90/£90 (2017 total - £164.27) | Womble #03 - £4.32 | Overpayments in 2017 - £749.69
    • gallygirl
    • By gallygirl 22nd Aug 17, 7:27 AM
    • 16,414 Posts
    • 107,580 Thanks
    gallygirl

    Still eating leftovers! Lovely MSE chum stayed Friday night and helped
    Originally posted by muddywhitechicken
    Pulled pork was lovely but they'd already eaten all the cake .

    I can report that the new kitchen and living room are lovely and well worth the pain . The orange toaster makes toast in a very stylish way .
    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"
    • smallholdingsister
    • By smallholdingsister 22nd Aug 17, 8:01 AM
    • 3,306 Posts
    • 25,933 Thanks
    smallholdingsister
    Ooh orange toaster! Cool.
    • apple muncher
    • By apple muncher 22nd Aug 17, 8:20 AM
    • 6,289 Posts
    • 45,806 Thanks
    apple muncher
    Did it produce orange toast?
    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
    • muddywhitechicken
    • By muddywhitechicken 22nd Aug 17, 10:41 AM
    • 3,702 Posts
    • 33,918 Thanks
    muddywhitechicken
    Welcome to the genealogy gang MWC! Ancestry is coming up to a free weekend over the Bank Holiday so if you're reluctant to pay for a proper subscription then you can utilise it this weekend!
    Originally posted by VintageHistorian
    Thanks for the heads-up VH I'll be home alone (Mr MWC is flying to SFO on Sunday) so I'll have a look at Ancestry (I've been using a free 2-week trial on findmypast).
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£47,000
    Current total overpayments: ~£111,250
    • muddywhitechicken
    • By muddywhitechicken 22nd Aug 17, 10:52 AM
    • 3,702 Posts
    • 33,918 Thanks
    muddywhitechicken
    ... but they'd already eaten all the cake...
    Originally posted by gallygirl
    We'd eaten most of the cake before you arrived... but there is still some fruit cake left...

    We appreciated your efforts in helping to reduce the mountain of leftovers
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£47,000
    Current total overpayments: ~£111,250
    • greent
    • By greent 22nd Aug 17, 6:13 PM
    • 6,179 Posts
    • 62,633 Thanks
    greent
    Gally clearly didn't try hard enough at reducing leftovers - you had some pinot grigio blush left!
    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 22nd Aug 17, 8:25 PM
    • 3,702 Posts
    • 33,918 Thanks
    muddywhitechicken
    Gally clearly didn't try hard enough at reducing leftovers - you had some pinot grigio blush left!
    Originally posted by greent
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£47,000
    Current total overpayments: ~£111,250
    • gallygirl
    • By gallygirl 23rd Aug 17, 7:53 AM
    • 16,414 Posts
    • 107,580 Thanks
    gallygirl
    Gally clearly didn't try hard enough at reducing leftovers - you had some pinot grigio blush left!
    Originally posted by greent
    We did our best to reduce the wine lake a little 😂😂😂
    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 5th Sep 17, 9:11 PM
    • 3,702 Posts
    • 33,918 Thanks
    muddywhitechicken

    Back again and this time I can report a big MOP rather than out of control spending We're on target to be in the 30s by the end of the year
    Last edited by muddywhitechicken; 05-09-2017 at 9:25 PM.
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£47,000
    Current total overpayments: ~£111,250
    • apple muncher
    • By apple muncher 5th Sep 17, 9:28 PM
    • 6,289 Posts
    • 45,806 Thanks
    apple muncher
    Yay! Go team MWC!
    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 8th Sep 17, 2:26 PM
    • 6,179 Posts
    • 62,633 Thanks
    greent
    Whoop! Great stuff! 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 8th Sep 17, 5:29 PM
    • 3,702 Posts
    • 33,918 Thanks
    muddywhitechicken
    As a result our monthly mortgage payment (interest) has decreased to £88.91
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£47,000
    Current total overpayments: ~£111,250
    • Karmacat
    • By Karmacat 8th Sep 17, 6:28 PM
    • 27,704 Posts
    • 151,381 Thanks
    Karmacat
    Wow! That is *remarkable*! Congratulations!
    Retired August 2016
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 8th Sep 17, 6:45 PM
    • 290 Posts
    • 1,202 Thanks
    wishingthemortgaheaway
    You'll be overtaking us in no time mwc.
    The 100 payment countdown (each payment = £400)
    2017
    July : £36,800 8/100
    August: £36,411.85 8/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • muddywhitechicken
    • By muddywhitechicken 8th Sep 17, 7:46 PM
    • 3,702 Posts
    • 33,918 Thanks
    muddywhitechicken
    It's the weekend and Mr MWC will be home in 3 hours He's had back to back business trips to San Francisco, Edinburgh and Odense and I've barely seen him for 2 weeks

    We have a quiet weekend planned - the only thing we need to do is get the raised beds ready for the autumn/winter salad plug plants arriving on Tuesday.
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£47,000
    Current total overpayments: ~£111,250
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 8th Sep 17, 7:55 PM
    • 290 Posts
    • 1,202 Thanks
    wishingthemortgaheaway
    My hubby's been the same, although less glamorous locations.

    He's home tonight too but we have a less restful weekend coming up. It will be lovely, just not restful.

    Have a great weekend.
    The 100 payment countdown (each payment = £400)
    2017
    July : £36,800 8/100
    August: £36,411.85 8/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
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