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  • FIRST POST
    • katep23
    • By katep23 29th May 14, 7:45 PM
    • 1,149Posts
    • 8,753Thanks
    katep23
    Forever Home Fund
    • #1
    • 29th May 14, 7:45 PM
    Forever Home Fund 29th May 14 at 7:45 PM
    I have been lurking here for a few weeks and decided it was time to stick my head above the parapet

    I'm a bit of a fraud TBH, I don't even have a mortgage, but OH and I are saving to buy a house so it's kinda the same thing - will you let me join in?

    OH and I are both mid (ahem, okay getting less mid by the day) 30s and currently rent a lovely house on a farm with no passing traffic and about a quarter of an acre garden. And there lies the problem... we can't find anything similar in the Thames Valley for a price we can even look at without smelling salts

    So. we're saving and looking but as we don't have a target in mind we can lose out way a bit... that's where the diary comes in. I shall use this as a way of staying on track and keeping a record of where I am, it's good to be accountable.

    I'd love to buy a place but it has to be the right place so we might be in for a long wait.

    Why the forever home now? It's us, 3 cats, 18 ducks, 4 cars, 5 motorbikes, a tankful of tropical fish, a garden full of plants, a 3-bed semi filled to bursting, a garage, two outhouses, a greenhouse and a shed to find a new home for
Page 23
    • katep23
    • By katep23 12th Feb 17, 8:43 PM
    • 1,149 Posts
    • 8,753 Thanks
    katep23
    Got our annual statement through:

    Original mortgage end date - Dec 2044
    Anticipated mortgage end date - April 2038
    Total OPd this year - £3,559.71
    Plus interest saved by offsetting - £2,813.88

    Just changed my goffgaff goody bag and reduced it by £2 a month, not going to make a huge dent!

    OH's car is poorly and he needs to think about replacing it - not good timing with all other expenses this year but can't be helped.

    Wood burner has been used every day since it was installed but we had to buy some wood to start us off. Got lots of wood to chop up and dry so hopefully won't need to buy much/any more.

    • katep23
    • By katep23 2nd Mar 17, 7:24 PM
    • 1,149 Posts
    • 8,753 Thanks
    katep23
    December 2014
    Mortgage £346,545.00
    Mortgage free date 2044
    LTV 86.64%

    2nd March 2017
    Mortgage £324,113.55

    Total paid off capital in last month: £886.32
    Total paid off capital: £22,481.45

    MOS: £4,254.05

    LTV: 81.03%

    Amount to Mortgage Neutral - £319,859.50


    • katep23
    • By katep23 12th Mar 17, 5:15 PM
    • 1,149 Posts
    • 8,753 Thanks
    katep23
    Sooo..

    Wedding postponed for a year or so until we can afford it, but...

    Talking to OH today we want to try and remortgage on1st February 2018 when we go down to 2% ERP but need to be at 75% LTV; we are currently forecast to be at 79% ish.

    Current debt on roof is at £4k (down from £5.6k) but another £7k ish to pay, worst case is £12k. Plus £17K extra to pay off mortgage and £7k ERP - total £36k to save before February 2018.

    My car should sell for £7k plus van for £1.5k but we're aiming for £30k saved over 10 months - it'll be a challenge but should technically be possible

    Anyone sees me on here talking about what I've been spending slap me on the wrist
    Last edited by katep23; 12-03-2017 at 5:57 PM.

    • katep23
    • By katep23 19th Mar 17, 8:34 AM
    • 1,149 Posts
    • 8,753 Thanks
    katep23
    Spends on the credit card are low for the month, we did go out yesterday to watch the rugby and had lunch at the pub but we rarely go out so I'm happy with that.

    Youg0v is at £25.50 so need to make sure I complete all surveys as they come in.

    Got a bath listed on Gumtree and FB, need to reduce the price as we just need it gone and anything we get is a bonus.

    We've decided to try and sell tickets we have to see OH's fave guitarist - we have seen him three times and he tours regularly but it's on a Thursday in London, train tickets would cost £100, hotel would be from our free nights but it would be spendy as we would want to make a trip of it (London Eye etc).

    If we can sell the tickets for face value we should get £150 back so well worth it on top of what we would not spend.

    No spend day planned here - may go to a garden centre but got vouchers for that!

    • katep23
    • By katep23 4th Apr 17, 7:10 PM
    • 1,149 Posts
    • 8,753 Thanks
    katep23
    December 2014
    Mortgage £346,545.00
    Mortgage free date 2044
    LTV 86.64%

    4th April 2017
    Mortgage £323,517.17

    Total paid off capital in last month: £596.38
    Total paid off capital: £23,077.83

    MOS: £0

    LTV: 80.88%

    Amount to Mortgage Neutral - £334,887.60 (WIOTW)

    Last edited by katep23; 04-05-2017 at 9:22 AM.

    • katep23
    • By katep23 4th May 17, 9:21 AM
    • 1,149 Posts
    • 8,753 Thanks
    katep23
    December 2014
    Mortgage £346,545.00
    Mortgage free date 2044
    LTV 86.64%

    3rrd May 2017
    Mortgage £322,797.23

    Total paid off capital in last month: £719.94
    Total paid off capital: £23,797.77

    MOS: £0

    LTV: 80.70%

    Amount to Mortgage Neutral - £331,551.82 (WIOTW)


    • PrincessLou
    • By PrincessLou 4th May 17, 9:39 AM
    • 494 Posts
    • 1,859 Thanks
    PrincessLou
    Well done - you're so close to 80% LTV now!
    Mortgage - £105,989.59
    • katep23
    • By katep23 4th May 17, 10:08 AM
    • 1,149 Posts
    • 8,753 Thanks
    katep23
    Well done - you're so close to 80% LTV now!
    Originally posted by PrincessLou
    Thank you, should hit it in September!

    • katep23
    • By katep23 2nd Jun 17, 7:44 AM
    • 1,149 Posts
    • 8,753 Thanks
    katep23
    December 2014
    Mortgage £346,545.00
    Mortgage free date 2044
    LTV 86.64%

    2nd June 2017
    Mortgage £322,107.89

    Total paid off capital in last month: £689.34
    Total paid off capital: £24,487.11

    MOS: £0

    LTV: 80.53%

    Amount to Mortgage Neutral - £330,265.08 (WIOTW)

    Last edited by katep23; 02-06-2017 at 7:46 AM.

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