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  • FIRST POST
    • sammy70
    • By sammy70 24th Sep 13, 4:58 PM
    • 447Posts
    • 1,161Thanks
    sammy70
    our forever patch challenge
    • #1
    • 24th Sep 13, 4:58 PM
    our forever patch challenge 24th Sep 13 at 4:58 PM
    well, this week sees the new start to my mortgage free plans. After 18 months clearing debts, then paying for our wedding, which took most of our hard earned savings, we are at the beginning again.

    Due to restructure at work, OH is on a reduced monthly pay, so the savings are even more of a challenge!
    Our plan is over the next two-three years, build up savings , and make over payments, untill we have enough saved to clear the outstanding balance owed on our mortgage, then sell this house, and use the sale proceeds as deposit on our "forever home", we really want somewhere with an acre or so of land, to allow me to have my own horse again, and OH to have garage/workshop he has always wanted.

    we both get paid this week, i will open new savings online, and let the challenge to get our new home begin!, we get married on Friday, this will be the start of our married life adventure too, !!
Page 27
    • sammy70
    • By sammy70 1st Jul 17, 12:41 PM
    • 447 Posts
    • 1,161 Thanks
    sammy70
    we are in the £235's!!!

    The interest was applied to the mortgage today, £416.40- £13.88 daily for June

    The direct debit goes out monday -£1208.83, which leave a balance of £235,757.57

    Sooooooo, made another overpayment using the cash i saved to pay £57.57, which rounds our mortgage balance to a neat £235,700

    our mortgage balance has now reduced by approx £10,000 from the start of it, 28th November 2016, and the total we have overpaid is £3,314.14

    Im really happy with the progress we have made, we are working hard for it though, hubby has been doing plenty of overtime, we dont want to have him doing this long term though, in the next year or two he wants to look to reducing hours so he can do more at home in the workshop etc, we will have to get our thinking caps on on ways to earn more from home, we have the land and buildings.. a new challenge for the near future i think
    current official end date of mortgage= 2037-aiming for 2030

    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 25th nov 2016- july 2017 £3,614.14

    balance of mortgage currently = £235,400:eek 19/07/2017
    • sammy70
    • By sammy70 7th Jul 17, 8:10 PM
    • 447 Posts
    • 1,161 Thanks
    sammy70
    Just a quick update, managed another £150 overpayment, cashed in some £2 coins.. new balance £235,550
    current official end date of mortgage= 2037-aiming for 2030

    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 25th nov 2016- july 2017 £3,614.14

    balance of mortgage currently = £235,400:eek 19/07/2017
    • try harder
    • By try harder 8th Jul 17, 9:26 AM
    • 460 Posts
    • 1,439 Thanks
    try harder
    I like a nice neat number and well done getting into the £235s you are storming through this mortgage sammy70.
    • sammy70
    • By sammy70 14th Jul 17, 6:53 PM
    • 447 Posts
    • 1,161 Thanks
    sammy70
    Thanks for dropping in tryharder, i have to agree, i have OCD i think when it comes to rounding balances down to neat ammounts.. i keep looking at ways to pay that annoying £50 on my mortgage balance, £235,500 looks so much neater than £235,550, dont you agree?

    We have ordered the boom lift for working on the roof, materials are being costed, hopefully all will come together to start work on the workshop roof 21st of this month.. we have booked a week off work, its an area of 204 square metres of roof to cover, a mammoth task for hubby, son, and me (im going to be the labourer lol), but as always, we will rise to the challenge, nothing ventured

    Another NSD day for me today. Im doing really well on keeping within my £80 a week grocery/dog food/cleaning product budget, im determined to save as much as we can, as we will have to borrow from our savings for the roof, and i want it paid back by the end of 2017
    Off for a nice soak with my book, heres to a relaxing weekend .
    current official end date of mortgage= 2037-aiming for 2030

    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 25th nov 2016- july 2017 £3,614.14

    balance of mortgage currently = £235,400:eek 19/07/2017
    • Viking_mfw
    • By Viking_mfw 14th Jul 17, 7:41 PM
    • 22 Posts
    • 99 Thanks
    Viking_mfw
    Loving the neat round numbers... definitely appeals to my sense of tidiness!
    • EatingTheElephant
    • By EatingTheElephant 14th Jul 17, 7:48 PM
    • 1,042 Posts
    • 5,494 Thanks
    EatingTheElephant
    Great progress, good luck with the roof, hope it all goes smoothly. That's a big job that will soon be crossed off the list!
    • sammy70
    • By sammy70 14th Jul 17, 8:52 PM
    • 447 Posts
    • 1,161 Thanks
    sammy70
    thanks Eatingthe elephant, i must say its nerve wracking starting such a big project, but weve decided if we can take our time, and with hubby being so handy, we can do most jobs to as good a standard as a tradesman, better in some cases. We have many times paid for jobs doing, and thought afterwards we could have done better. I suppose if its your home you just put more love and care into it.
    Dont know if its just us, but its a real struggle getting quality workmanship these days...

    Am i turning into victor meldrew?? gulp
    Last edited by sammy70; 14-07-2017 at 8:52 PM. Reason: spelling
    current official end date of mortgage= 2037-aiming for 2030

    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 25th nov 2016- july 2017 £3,614.14

    balance of mortgage currently = £235,400:eek 19/07/2017
    • EatingTheElephant
    • By EatingTheElephant 15th Jul 17, 8:51 AM
    • 1,042 Posts
    • 5,494 Thanks
    EatingTheElephant
    I completely agree Sammy! That's why we do so much ourselves too. I'm very rarely happy when other people do work for us, plus all the chasing and lack of planning really winds me up!

    That said, if I am impressed, they must be really good so I do go out of my way to recommend them.
    • try harder
    • By try harder 15th Jul 17, 9:58 AM
    • 460 Posts
    • 1,439 Thanks
    try harder
    Thats a big area sammy but sounds like a great workshop ,i need one of those but sadly i dont have a big enough garden .
    Well done on keeping within budget too .
    Have a great weekend i can picture you in your lovely home and garden .
    • sammy70
    • By sammy70 15th Jul 17, 2:11 PM
    • 447 Posts
    • 1,161 Thanks
    sammy70
    Hi Tryharder. Our workshop is an old stone building that in the1800's formed one of a number of buildings that was a brickworks on this site. The other part of the buildings were demolished as they fell into a derelict state, when we were making the track to access the top field, we removed quite a few tonnes of old stone from these former buildings, which we have piled up ready to be used again..

    There is a lot of history to our house and land, i plan in the future to find out more about it, its fascinating thinking of the lives lived out where we now live, we feel priveliged to be part of it. The previous owners gave us the old deeds covering right back in time , with various owners, including the local estate, a wealthy landowner, a mine owner, the railway, to name a few.

    We are so lucky to have found this property, its as if it was waiting for us, and though we have a lot of work to do its worth every bit of money and work involved to have it, cant wait till the fencing /gates etc for our animals are completed, 2018 will see the animals arrive, cant wait!

    Have a lovely weekend everyone
    current official end date of mortgage= 2037-aiming for 2030

    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 25th nov 2016- july 2017 £3,614.14

    balance of mortgage currently = £235,400:eek 19/07/2017
    • sammy70
    • By sammy70 20th Jul 17, 9:07 PM
    • 447 Posts
    • 1,161 Thanks
    sammy70
    woo hoo! cashed in £150 from £2 coins i saved, and made an overpayment with it, so new balance £235,400

    We wont have anything spare to make any more overpayments this month, we will be lucky if we scrape every last bit of cash needed tp pay for roofing on the workshop.. ive totted up, and including materials and machine hire etc, its cost us £5,545
    But, would have cost us at least £3-4,000 more to pay someone to do it.. lts going to be a tough busy week for us next week getting it all done, i hope there arent too many mishaps we had saved most of the money, and with all the overtime, and our yearly bonus we get in this months pay, we should just scrape through to clear the credit card on which i bought the materials..

    We break up for the week, me tommorow, hubby saturday, then its all systems go for the work on the roof. ive bought in lots of nice food and drinks etc to keep up morale, my son is helping too, he also has booked the week off work bless him
    current official end date of mortgage= 2037-aiming for 2030

    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 25th nov 2016- july 2017 £3,614.14

    balance of mortgage currently = £235,400:eek 19/07/2017
    • sammy70
    • By sammy70 24th Jul 17, 6:13 PM
    • 447 Posts
    • 1,161 Thanks
    sammy70
    Day one of the roof refurbish.. ive been collecting forgotton last minute bolts etc, changed cordless drill that decided to pack in yesterday just when we needed it , got an exchange as was only bought in february, but i could have done without th time wasted to get the replacement ...

    Mishap 2, the people delivering the wood decided to call halfway through the day, to say the suppliers were behind with our delivery due to the treatment processing or some c**p, and now it wouldnt be with us till bl**dy wednesday!, after me throwing a wobbly, they offered some more expensive wood that they had in stock, for no extra charge, and delivered it within
    the hour! the power of an angry woman knows no bounds..lol

    And last but not least, EE network in our area is zilch since friday, ive had to ring all the suppliers on the landline to let them know we have no mobile access, as id given them all my mobile to ring with any problems, and when the delivery was nearly here, so we could let the driver know how to find us, as we are pretty hidden away..
    thats 3 hiccups, so i think thats enough!! we need to get caught up, no more mshaps hopefully!
    my pay day tommorow, its all going to pay the materials on the credit card, may manage a £50 overpayment to cheer me up
    current official end date of mortgage= 2037-aiming for 2030

    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 25th nov 2016- july 2017 £3,614.14

    balance of mortgage currently = £235,400:eek 19/07/2017
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