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  • FIRST POST
    • jodles16
    • By jodles16 25th Aug 14, 3:30 PM
    • 1,239Posts
    • 3,597Thanks
    jodles16
    New House, New Mortgage!
    • #1
    • 25th Aug 14, 3:30 PM
    New House, New Mortgage! 25th Aug 14 at 3:30 PM
    I will start off by telling you a little about me! Just over three years ago my lovely husband and I bought our first home, we love our house but it no longer suits our needs! In this time we have changed jobs and got pay rises which has meant we can afford to move a big step closer to our dream home! So not only have we changed jobs and had promotions, we adopted two rescue dogs (my babies), got engaged and married, went on an amazing honeymoon and are just waiting to exchange contracts and complete on the next phase!

    This comes in the form of a recently renovated semi detached house with just under an acre of land. It is as close to the dream house we are going to get and we are so damn excited! Now this lovely property is going to set us back £930 a month on the mortgage alone, as we have done it under the help to buy scheme with 5% deposit. As it will be our long term home we feel its worth the risks involved and with our most recent wage increases it should be manageable with a little wriggle room!

    Anyhow, we are looking at possibly moving in next weekend (though its been a horribly stressful and painful experience so far!), we need to add some secure fencing to part of the property so we can have the doggies somewhere safe, and it is heated using gas bottles so we are hoping that we can get a decent fire installed with a flue, not in a smokeless zone. This will all cost moolah we aren't sure we will have. Theoretically we are hoping to have about 1.5k left after the move and will need double that for the fencing (top estimate). Both planning on overtime from now till whenever to try to avoid getting a loan, but this is the other option. Get a nice low percent loan and get these bits sorted then work on paying that off quicker instead of the mortgage... Or overpay more loan and less mortgage...Hmmm decisions!

    Would like to make these changes to the house in the hope it will add a little extra value when remortgaging comes around, and would really like to have at least another 5% paid off in two years time to make a 10% deposit therefore hopefully meaning we will have better options available!

    Anyway have wittered on, off to dream about my garden!

    Jodles
Page 21
    • rasputin_thorpedo
    • By rasputin_thorpedo 3rd Sep 16, 7:40 AM
    • 323 Posts
    • 1,882 Thanks
    rasputin_thorpedo
    Yep, you're about to push through a 10k barrier - exciting
    May15 Mortgage - £185k | Dec16 - £162k | Dec17 - £142k | Dec18 - £120k | Dec19 - £97k | Dec20 - £73k | Dec21 - £46k | Dec22 - 18k | May23 - £0 Mortgage Free at 40 in May23!
    • Moneyfordreams
    • By Moneyfordreams 3rd Sep 16, 10:52 AM
    • 645 Posts
    • 3,044 Thanks
    Moneyfordreams
    Yay, well done you

    I'll be joining you next month
    Mortgage Feb '13 £200000, end 2038. Aiming for before March 2025 (crunched to 2034)
    January 16 £182800 : minimum £360 OP but needs to be £600 to achieve 2025
    Current mortgage £168060
    Car loan finished oct 16
    h@lifax CC £5360 0% until May 2018.. will pay minimum for now, slow stooze
    • jodles16
    • By jodles16 3rd Sep 16, 7:10 PM
    • 1,239 Posts
    • 3,597 Thanks
    jodles16
    Thank you lovely people!! I am still totally too excited!!

    After talks with my dad about my current car, which I own outright but is starting to fall apart a little (read a lot, that recent service highlighted lots of probs and the passenger window has stopped working again, it stopped last year and cost £300 as the garage were confused and as a last resort tried an expensive idea which worked). We popped to the car garage today just for a nosy, thought I wanted a Mazda CX5, but it seems a lot even at a couple of years old, saw a peugeot 2008, has a massive boot which we want for the dogs and at a year old can get it for around 10,000, no road tax and very economical. Have applied for a loan (feels very bad...but have applied for one which adds on £996 interest over five years so doesn't feel as scary) and found two cars, one at 7000miles 2015 with the right spec for 10900, and the other at 17000miles and 6months newer at £9500. If we get approved for the loan will switch the £200 from the mortgage, leaving us paying £500 capital off a month then use this to pay the loan. I will also be able to send adhoc OP over as I like as well. Feels weird to backseat the mortgage a little, but after driving for hours and the car juddering about 10times, and having recently broken down on the motorway but then it started again after being off for ten minutes...it should be worth it! Hopefully!

    Tickets for next years flights will be out in Oct for our self catering holiday next year, looking forward to that and hopefully getting a good deal!

    Jodles
    MFW2016 #25 6969.57/3820
    MFiT #66
    Overall aim 8106/21,743 (£156,000)
    2016- Jan-£177,472, Apr-£173,195.04, July- £171,417.47 Oct- 169,366
    2017- Jan- Apr- July- Oct-

    • jodles16
    • By jodles16 8th Sep 16, 4:07 PM
    • 1,239 Posts
    • 3,597 Thanks
    jodles16
    So it turns out that even though I feel I earn a good wage and do have disposable income the bank will only loan me the money at 15.9%, in the words of my dad 'are they having a laugh?'. Hubby has applied as he seems to be more desirable, having recently tarted our credit card for the 0% the limit he was offered was 5.5k!!! We thought it was hilarious! I am now unemployed (by design as I wanted a bit of time between jobs) so no point even thinking about applying anywhere else myself!

    OP is showing in the mortgage account, so excited to officially see £169,998 as the amount!! Exciting!!

    Hopefully little dude will be being adopted on Monday, lots of vibes would be wonderful as he deserves a forever home!

    Jodles
    MFW2016 #25 6969.57/3820
    MFiT #66
    Overall aim 8106/21,743 (£156,000)
    2016- Jan-£177,472, Apr-£173,195.04, July- £171,417.47 Oct- 169,366
    2017- Jan- Apr- July- Oct-

    • Moneyfordreams
    • By Moneyfordreams 8th Sep 16, 5:57 PM
    • 645 Posts
    • 3,044 Thanks
    Moneyfordreams
    I fell for an expensive car loan... and didn't do anything about it for a year
    a year at 4% , I've recently shoved it onto a 0% CC... good on you for sticking to your guns.. I kick myself for all the financial mistakes I've/we've made...

    Mortgage looks fab
    Mortgage Feb '13 £200000, end 2038. Aiming for before March 2025 (crunched to 2034)
    January 16 £182800 : minimum £360 OP but needs to be £600 to achieve 2025
    Current mortgage £168060
    Car loan finished oct 16
    h@lifax CC £5360 0% until May 2018.. will pay minimum for now, slow stooze
    • jodles16
    • By jodles16 19th Sep 16, 5:54 PM
    • 1,239 Posts
    • 3,597 Thanks
    jodles16
    Thanks MFD, I definitely dont always make smart money choices! Hubby got the good rate, so annoying as I actually earn £500more a year than him!haha. Never mind, we got the car we want but a better model for £9890 with my car as part exchange, it is so lovely I cant stop looking at it! Dogs have got a massive bed in the boot and have so much space which makes me really happy! Will be perfect when we go away later this year in the UK with them! Nice tinted back windows and boot as well which I feel is also good for the dogs!

    So we are reducing the OP to cover the monthly mortgage cost, we should still pay off about £500 capital a month overall so this pleases that side of me!

    Start my new job next week, bit nervous/excited! Also foster dog has been adopted and everything crossed, it seems to be going well!

    Hubby has cut caravan to pieces- borrowing big cuttey things from next door who has lots of big boys toys! Got a quote from a company to get rid of all the bits, £480...no thanks...will look at another company and skip quotes as that is so much! Once we get rid of all the insides and shell, we are moving it down the garden into the wooded part where my trees are, we will check the chassis over and paint it to protect it from rust before figuring out how to build the base to start the tiny house! We got a lovely wooden window from a facebook site for a tenner, its big and looks good as well!

    Jodles
    MFW2016 #25 6969.57/3820
    MFiT #66
    Overall aim 8106/21,743 (£156,000)
    2016- Jan-£177,472, Apr-£173,195.04, July- £171,417.47 Oct- 169,366
    2017- Jan- Apr- July- Oct-

    • Moneyfordreams
    • By Moneyfordreams 20th Sep 16, 8:13 AM
    • 645 Posts
    • 3,044 Thanks
    Moneyfordreams
    Good luck in your new job... New beginnings
    Mortgage Feb '13 £200000, end 2038. Aiming for before March 2025 (crunched to 2034)
    January 16 £182800 : minimum £360 OP but needs to be £600 to achieve 2025
    Current mortgage £168060
    Car loan finished oct 16
    h@lifax CC £5360 0% until May 2018.. will pay minimum for now, slow stooze
    • jodles16
    • By jodles16 20th Sep 16, 12:25 PM
    • 1,239 Posts
    • 3,597 Thanks
    jodles16
    Thanks MFD! I am really hoping I will enjoy this job, fingers crossed, already thinking I could do dementia training, maybe even my nursing masters...lets not get carried away! Feel such a weight off having left my old job behind...

    Have sorted out the new OP minus the car payments, OP is now £377 a month, so still a good whack, still have the options of sending extra OPs across as money appears and this should leave us in good stead for my new job! Also I think I worked out that the regular payment knocks off about £200ish so will be knocking £500 off every month! Woohoo!

    Volunteered yesterday at the food bank as they were moving, moved so many bottles of water, achy legs today! Its ran through a church group, I am not a member nor inclined to join but have said for them to contact me if they need a second person or a delivery person. Have also contacted our local dog rescue and left a message about doing home visits and possibly signing up to do one afternoon a week dog walking, though I have my two dogs...haha. Dont want to foster again with nights starting and it was pure luck that this little dude was so quiet outside in our outdoor kennel, it will be too cold soon anyway. I see this all as soul food!

    Jodles
    MFW2016 #25 6969.57/3820
    MFiT #66
    Overall aim 8106/21,743 (£156,000)
    2016- Jan-£177,472, Apr-£173,195.04, July- £171,417.47 Oct- 169,366
    2017- Jan- Apr- July- Oct-

    • Beckyy
    • By Beckyy 20th Sep 16, 4:00 PM
    • 2,682 Posts
    • 4,109 Thanks
    Beckyy
    Hi Jodles, have just come across your diary. Good luck in your new job!
    • EatingTheElephant
    • By EatingTheElephant 21st Sep 16, 7:10 AM
    • 605 Posts
    • 2,923 Thanks
    EatingTheElephant
    Looking good over here, so much going on

    New car sounds great and still leaves room for an impressive OP each month.
    • Moneyfordreams
    • By Moneyfordreams 21st Sep 16, 9:00 AM
    • 645 Posts
    • 3,044 Thanks
    Moneyfordreams
    It's good to give back

    give yourself time to settle into your new job though... give yourself me time x
    Mortgage Feb '13 £200000, end 2038. Aiming for before March 2025 (crunched to 2034)
    January 16 £182800 : minimum £360 OP but needs to be £600 to achieve 2025
    Current mortgage £168060
    Car loan finished oct 16
    h@lifax CC £5360 0% until May 2018.. will pay minimum for now, slow stooze
    • MuffinTops
    • By MuffinTops 21st Sep 16, 10:26 AM
    • 2,020 Posts
    • 6,010 Thanks
    MuffinTops
    So much lovely goings on. Really pleased to hear that little dude has now found adoption. That was such a lovely thing you did for him.

    Ooh the tiny house!!! Can you put photos up when you've done it? I'd love to see it.

    Great new mortgage figures too. Fantastic and all very exciting.

    MTxx
    Credit Card Debt: £740.22 - Almost there!!!
    ======================
    Savings: £10,032.64

    Pot of Gold = £9292.42
    • jodles16
    • By jodles16 30th Sep 16, 10:37 AM
    • 1,239 Posts
    • 3,597 Thanks
    jodles16
    Thanks Beckyy!

    ETE, the new car is so lovely, so smooth and it is clever, possibly cleverer than me!haha. We have done 250miles since we filled up the tank and it was about £40 and its still half full! Nice and efficient!

    Hey MFD, you are right, have post poned the session at the animal centre as quite tired from the long days, when I get into it I will re visit that one!haha.

    Thanks MT! The guy sends us pictures which is so lovely, feels like he is still part of the family! Will defo figure out how to do the photos once I am done, will be a long wait though I think for the tiny house to come together, going to order a skip next week to start getting rid of all the bits from the caravan!

    New job was tiring but I felt like a proper nurse again which was nice, feet were knackered after three long days!haha. Our deposit for the holiday place next year has been returned as it can no longer be rented, instead I asked my hubby if we could go to ye olde Parey (Paris) for my 30th instead, so excitingly we have booked four nights next year in Paris! Got a good location and the flight times are great for £502! This is £2 more than just renting the villa for a week in Greece, not including flights etc. Have said we will still look at a chill holiday as well probably later in the year, more time to save. Now we only need to save for spends, taxi transfer and fuel for the trip to the hotel which is nice! I am so excited!!

    Mortgage goes out tomorrow, so excting and first car payment as well!

    Jodles
    MFW2016 #25 6969.57/3820
    MFiT #66
    Overall aim 8106/21,743 (£156,000)
    2016- Jan-£177,472, Apr-£173,195.04, July- £171,417.47 Oct- 169,366
    2017- Jan- Apr- July- Oct-

    • Moneyfordreams
    • By Moneyfordreams 30th Sep 16, 8:49 PM
    • 645 Posts
    • 3,044 Thanks
    Moneyfordreams
    ooo love Paris x
    Mortgage Feb '13 £200000, end 2038. Aiming for before March 2025 (crunched to 2034)
    January 16 £182800 : minimum £360 OP but needs to be £600 to achieve 2025
    Current mortgage £168060
    Car loan finished oct 16
    h@lifax CC £5360 0% until May 2018.. will pay minimum for now, slow stooze
    • jodles16
    • By jodles16 2nd Oct 16, 7:16 PM
    • 1,239 Posts
    • 3,597 Thanks
    jodles16
    Any advice MFD, must sees etc?

    I am waiting for the lovely hubby to find the windows discs after wiping my computer so I can see all my mortgage comings and goings (its all saved on the hard drive ready to come over...) so I can do an accurate update, exciting!

    Have made crustless quiche today, fish chowder, bread and vegan lentil shepherds pie. Bit of batch cooking in prep for this week. Will do over night oats later and tomorrow am going to make a pasta bake I think for the long days! Not a fan of cooking at all, but feels like an achievement!

    Having phone problems still which is winding me up!

    Jodles
    MFW2016 #25 6969.57/3820
    MFiT #66
    Overall aim 8106/21,743 (£156,000)
    2016- Jan-£177,472, Apr-£173,195.04, July- £171,417.47 Oct- 169,366
    2017- Jan- Apr- July- Oct-

    • MuffinTops
    • By MuffinTops 3rd Oct 16, 8:55 AM
    • 2,020 Posts
    • 6,010 Thanks
    MuffinTops
    Every time I come in to catch up on your diary there's more lovely things to read about.

    Good to hear you're enjoying your new job too.

    MTxx
    Credit Card Debt: £740.22 - Almost there!!!
    ======================
    Savings: £10,032.64

    Pot of Gold = £9292.42
    • Moneyfordreams
    • By Moneyfordreams 3rd Oct 16, 4:06 PM
    • 645 Posts
    • 3,044 Thanks
    Moneyfordreams
    It's a few years since we last went... one wedding anniversary we sat in the gardens opposite the Eiffel Tower and with a shop bought picnic of fresh baguette, cheeses and champers...

    We tend to walk everywhere. Last time we stayed near the Louvre closer to the Gare du Nord station. Cheaper and easy to walk to central tourist attractions. seen as i'm always moaning about being fatter than I'd like .. the walks offset the food/drink
    Mortgage Feb '13 £200000, end 2038. Aiming for before March 2025 (crunched to 2034)
    January 16 £182800 : minimum £360 OP but needs to be £600 to achieve 2025
    Current mortgage £168060
    Car loan finished oct 16
    h@lifax CC £5360 0% until May 2018.. will pay minimum for now, slow stooze
    • jodles16
    • By jodles16 12th Oct 16, 3:51 PM
    • 1,239 Posts
    • 3,597 Thanks
    jodles16
    Thanks MT!

    MFD that sounds like such a lovely way to spend your anniversary! I have been reading this websites advice on cheap ways to do Paris and have made lists of what we feel are must do's, such as the catacombs and eiffel tower!

    Have done a 1st October belated round up, still cant access the windows stuff but have used the stats from here!

    Current Balance: £169,365.71
    LTV: 86.85%
    Overall Interest: £430.58
    Daily Interest: £14.35
    OP: £377
    Total Capital Reduction: £632.29

    Based on this, our daily interest dropped by 4p and we are under 87% LTV! Woohoo what a fabulous mini achievement! Next month will see us drop into the 168's!

    Jodles
    MFW2016 #25 6969.57/3820
    MFiT #66
    Overall aim 8106/21,743 (£156,000)
    2016- Jan-£177,472, Apr-£173,195.04, July- £171,417.47 Oct- 169,366
    2017- Jan- Apr- July- Oct-

    • jodles16
    • By jodles16 20th Oct 16, 2:42 PM
    • 1,239 Posts
    • 3,597 Thanks
    jodles16
    Felt like I was walking miles when on shift in the new place, so bought an activity tracker. Turns out I am! Walked over 10,000 steps each night shift, no wonder my feet are so sore today! Its almost my besties birthday and we are off to the spa where I will be having a foot rub as my feet deserve it! So tired from these nights, wondering why I said nights, wish I was on days at the moment!

    Nearly up to £20 on onepoll, slow but steady!

    Jodles
    MFW2016 #25 6969.57/3820
    MFiT #66
    Overall aim 8106/21,743 (£156,000)
    2016- Jan-£177,472, Apr-£173,195.04, July- £171,417.47 Oct- 169,366
    2017- Jan- Apr- July- Oct-

    • cookie9
    • By cookie9 6th Nov 16, 9:47 AM
    • 663 Posts
    • 3,355 Thanks
    cookie9
    Glad to hear you are enjoying the new job despite the sore feet. Paris sounds lovely.
    MFW 91 op 2014 £410/1000
    MFW 91 op 2015 £4051/4000
    MFW 91 op 2016 £1720/4000
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