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  • FIRST POST
    • katep23
    • By katep23 29th May 14, 7:45 PM
    • 1,200Posts
    • 8,996Thanks
    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 24
    • smallholdingsister
    • By smallholdingsister 27th Aug 17, 11:08 AM
    • 3,557 Posts
    • 27,741 Thanks
    smallholdingsister
    That is frustrating. It would be nice if these folk were accountable for what they say on the 'phone but it seems there is none.
    • wildesavings
    • By wildesavings 27th Aug 17, 1:13 PM
    • 170 Posts
    • 484 Thanks
    wildesavings
    How frustrating!

    I really do loathe dealing with banks. It's never down to a human decision any more is it. Just a case of 'computer says nooooo'... lol I sound 95 not 35
    Started my MFW journey in August 14 : £103,650
    2017 : Mortgage at 1/1/17 - £96,839 - now : £91,342 - capital reduced by £5497 so far this year
    • katep23
    • By katep23 27th Aug 17, 2:26 PM
    • 1,200 Posts
    • 8,996 Thanks
    katep23
    That is frustrating. It would be nice if these folk were accountable for what they say on the 'phone but it seems there is none.
    Originally posted by smallholdingsister
    We are going to put in a complaint just in case the two people were right and the mortgage advisor was wrong but don't hold out much hope!

    How frustrating!

    I really do loathe dealing with banks. It's never down to a human decision any more is it. Just a case of 'computer says nooooo'... lol I sound 95 not 35
    Originally posted by wildesavings
    When we applied for our first mortgage, we were going to be turned down because we were not actively paying into a pension at the time.

    Our mortgage was due to end at 67 which was our retirement age at the time, however the bank was still using 65 as the retirement age. It took an underwriter to review our file and reverse the decision

    • katep23
    • By katep23 28th Aug 17, 8:46 AM
    • 1,200 Posts
    • 8,996 Thanks
    katep23
    £250 OP made so that on 2nd September after our mortgage payment has been applied we will be in the £319s...

    For one day

    • smallholdingsister
    • By smallholdingsister 28th Aug 17, 4:23 PM
    • 3,557 Posts
    • 27,741 Thanks
    smallholdingsister
    Woohoo! Great efforts.
    • katep23
    • By katep23 28th Aug 17, 8:04 PM
    • 1,200 Posts
    • 8,996 Thanks
    katep23
    Just over £500 OP needed to make sure that after October mortgage payment we never see the 320s again... I feel a challenge coming on!

    • wildesavings
    • By wildesavings 28th Aug 17, 8:31 PM
    • 170 Posts
    • 484 Thanks
    wildesavings
    Well done

    Seeing those front numbers change is so motivating! I can't wait until we're at a point where that can happen every month.... the dream lol
    Started my MFW journey in August 14 : £103,650
    2017 : Mortgage at 1/1/17 - £96,839 - now : £91,342 - capital reduced by £5497 so far this year
    • katep23
    • By katep23 1st Sep 17, 7:22 AM
    • 1,200 Posts
    • 8,996 Thanks
    katep23
    So excited it's 319s day...

    Then I logged in and remembered that my online account updates at 3.00am and I won't be able to see the mortgage payment applied until tomorrow - doh!

    • katep23
    • By katep23 2nd Sep 17, 1:36 PM
    • 1,200 Posts
    • 8,996 Thanks
    katep23
    December 2014
    Mortgage £346,545.00
    Mortgage free date 2044
    LTV 86.64%

    2nd September 2017
    Mortgage £319,998.25

    Total paid off capital in last month: £819.05
    Total paid off capital: £26,596.75

    MOS: £0

    LTV: 80.0%

    Amount to Mortgage Neutral - £322,889.88 (WIOTW) (-£1,900.59)

    • katep23
    • By katep23 2nd Sep 17, 1:36 PM
    • 1,200 Posts
    • 8,996 Thanks
    katep23
    Hello 319s!!!!

    • wildesavings
    • By wildesavings 2nd Sep 17, 6:13 PM
    • 170 Posts
    • 484 Thanks
    wildesavings
    Bye bye £320's
    Started my MFW journey in August 14 : £103,650
    2017 : Mortgage at 1/1/17 - £96,839 - now : £91,342 - capital reduced by £5497 so far this year
    • katep23
    • By katep23 18th Sep 17, 8:59 AM
    • 1,200 Posts
    • 8,996 Thanks
    katep23
    Week off, plan to get organised - batch cooking (got 10lb of mince I'm picking up tomorrow so planning to make chilli, bolognaise, cottage pie, meatballs, burgers), making soup and freezing for lunches.

    Got 20l of fruit cider brewing, hope it is nice when finished as it is a lot cheaper than shop bought. Recently made red wine which is maturing, got 25 bottles out of the kit. Frozen some damsons to make damson gin so need to find time to do that this week.

    We got a load of logs delivered yesterday, didn't seem like there was that many there for the price (maybe I expected too much?)

    Had to clear the wood shed out of all the unprocessed wood which we brought with us when we moved. Some of it is quite knotty and difficult to cut but we're hoping to have a chain sawing session later on in the week which will provide us with more logs to keep us going. Using the woodburner means the heating doesn't go on!

    £10.90 refund from Royal M@il for eb@y item which went missing (plus they originally sent me 6 first class stamps) OPd to mortgage. £29 confirmed but not yet payable on TCB will go as an OP as well.

    Hate seeing the daily interest at £37! Very impatient to get to January and remortgage (whilst concerned in case mortgage we want is pulled in the meantime!)

    Changed energy suppliers recently as our switch is coming to an end, means another £10 a month but is fixed for two years.

    Spent £128 at Aldi last week, didn't even know that was possible! Had a delivery from Morrisons the week before, opened a pork joint yesterday for pulled pork and it was off even though it was still in date. Morrisons have already refunded the cost of the joint and sent a £5 voucher as well, happy days!

    • Betterthanever
    • By Betterthanever 18th Sep 17, 2:05 PM
    • 403 Posts
    • 2,174 Thanks
    Betterthanever
    I'm due to remortgage over the next few weeks too, and have my eye on a particular deal....I'm counting the days away in the hope it doesn't get pulled so I feel your angst!!!

    Current balance £114,744.64. Offset £2,151.73. £112,592.91 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22

    Former DFW Nerd 230. Determined to be MF. Bring it on!
    • katep23
    • By katep23 18th Sep 17, 3:11 PM
    • 1,200 Posts
    • 8,996 Thanks
    katep23
    I'm due to remortgage over the next few weeks too, and have my eye on a particular deal....I'm counting the days away in the hope it doesn't get pulled so I feel your angst!!!
    Originally posted by Betterthanever
    Fingers crossed for you!

    • katep23
    • By katep23 23rd Sep 17, 12:57 PM
    • 1,200 Posts
    • 8,996 Thanks
    katep23
    Short term goals:
    1. Pay off debt for roof (by 23rd October, if not before)
    2. Save £10K emergency fund
    3. Save £7k to remortgage

    We can add ERC to mortgage but would rather keep the total under £320K, however we need an EF so that is a priority.

    Sold something on Gumtree - £6 towards debt for roof. By my estimation after money is shuffled we are £642 short so that's down to £636 already

    • katep23
    • By katep23 29th Sep 17, 5:51 PM
    • 1,200 Posts
    • 8,996 Thanks
    katep23
    Short term goals:
    1. Pay off debt for roof (by 23rd October, if not before)

    By my estimation after money is shuffled we are £642 short so that's down to £636 already
    Originally posted by katep23
    Down to £341, got £10 to pay into bank so will be £331

    • katep23
    • By katep23 3rd Oct 17, 6:49 PM
    • 1,200 Posts
    • 8,996 Thanks
    katep23
    December 2014
    Mortgage £346,545.00
    Mortgage free date 2044
    LTV 86.64%

    3rd October 2017
    Mortgage £319,411.59

    Total paid off capital in last month: £586.69
    Total paid off capital: £27,183.44

    MOS: £0

    LTV: 79.85%

    Amount to Mortgage Neutral - £319,783.95 (WIOTW) (-£3,105.93)

    • katep23
    • By katep23 3rd Oct 17, 8:13 PM
    • 1,200 Posts
    • 8,996 Thanks
    katep23
    Down to £341, got £10 to pay into bank so will be £331
    Originally posted by katep23
    Down to £290.80, (still not paid £10 change into bank so technically £280.80). Will be gone by 23rd October when I get paid but so want to get this gone beforehand if possible.

    Minimal reduction in capital on mortgage this month but good debt busting!

    • katep23
    • By katep23 8th Oct 17, 6:59 AM
    • 1,200 Posts
    • 8,996 Thanks
    katep23
    Recently signed up for Shopmium using a referral code from another MSEr and so far got 4 cornettos (signing up bonus) and loaf of bread free plus a bottle of elderflower presse for £1.

    If anyone is interested in signing up, my referral code is ce2r7 - current offer for signing up is a bar of Lindt chocolate for you and £4 for me.

    • v1ckyt
    • By v1ckyt 8th Oct 17, 10:06 AM
    • 210 Posts
    • 1,326 Thanks
    v1ckyt
    where do you put the referral code in?
    Owed 12th Oct 2015 £73942.43


    Estimated date of freedom, slipped a little now July 2023, still nine years early.
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