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  • FIRST POST
    • jodles16
    • By jodles16 25th Aug 14, 3:30 PM
    • 1,315Posts
    • 3,962Thanks
    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 26
    • Moneyfordreams
    • By Moneyfordreams 21st Mar 17, 12:33 PM
    • 902 Posts
    • 4,420 Thanks
    Moneyfordreams
    best wishes with new job.
    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 £158200
    h@lifax CC £4300 0% until May 2018.. will pay minimum for now, slow stooze
    CC daughter gift and holiday spends £2200
    • MuffinTops
    • By MuffinTops 27th Mar 17, 4:39 PM
    • 2,097 Posts
    • 6,340 Thanks
    MuffinTops
    Hello Jodles. How was your week off and new job? I hope all is going well and you're settling into a routine again.

    MTx
    STARTING 2017:
    Credit Card Debt: £2,650.00!!!
    ======================
    Saving For a New Property
    Pot of Gold = All gone to the above
    • Kittenkirst
    • By Kittenkirst 27th Mar 17, 10:32 PM
    • 1,641 Posts
    • 8,577 Thanks
    Kittenkirst
    Hope all is going well at the new job Jodles
    2017 MFW #20 - OP £2508.28/ £2150 117%. New target £2500 100%
    Last 3 months- Oct: £179.60 Nov: £160.33 Dec: £212.41

    Emergency fund £4K/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • jodles16
    • By jodles16 2nd Apr 17, 3:45 PM
    • 1,315 Posts
    • 3,962 Thanks
    jodles16
    Hello! Cant believe how long its been since I was here! I have been in the job for three weeks, so far not hating it!haha. It is very busy as with all jobs and I have been pooped!

    Loving the weather today, so warm and sunny, have been chilling with the doggies reading and have got loads of washing done!!

    Still seeing my coach, she is really good and I am hoping it will all start coming together soon, no weight loss but I am starting to understand more about how my brain works and my behaviours which is very interesting!

    Hope all is well, going to do the mortgage stats on next post!

    Jodles
    MFW2017 #29 1200.24/4524
    MFiT #66
    Overall aim 10,124.20/21,743 (£156,000)
    2016- Jan-£177,472, Apr-£173,195.04, July- £171,417.47 Oct- 169,366
    2017- Jan- 167,347.80 Apr- July- Oct-

    • jodles16
    • By jodles16 2nd Apr 17, 3:47 PM
    • 1,315 Posts
    • 3,962 Thanks
    jodles16
    April's mortgage stats:


    1st April

    After Payment- £165,315.64

    LTV- 84.8%

    OP- £377

    Capital Paid-£683.36

    So happy to own 15% of our home! YAY! Next month will see us drop into the next bracket as well!

    Jodles
    MFW2017 #29 1200.24/4524
    MFiT #66
    Overall aim 10,124.20/21,743 (£156,000)
    2016- Jan-£177,472, Apr-£173,195.04, July- £171,417.47 Oct- 169,366
    2017- Jan- 167,347.80 Apr- July- Oct-

    • Moneyfordreams
    • By Moneyfordreams 2nd Apr 17, 5:03 PM
    • 902 Posts
    • 4,420 Thanks
    Moneyfordreams
    It's a great day for chilling
    YAY 15%
    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 £158200
    h@lifax CC £4300 0% until May 2018.. will pay minimum for now, slow stooze
    CC daughter gift and holiday spends £2200
    • EatingTheElephant
    • By EatingTheElephant 2nd Apr 17, 5:09 PM
    • 1,162 Posts
    • 6,237 Thanks
    EatingTheElephant
    Great news that the job is going well, a day reading and chilling sound like bliss. Hopefully that will be me in a few weeks!
    • jodles16
    • By jodles16 15th May 17, 9:13 PM
    • 1,315 Posts
    • 3,962 Thanks
    jodles16
    Oops, I'm not sure where time has gone!! Been busy learning lots of new things at work, still not hating it! So yay!!

    We have been to Paris, it was amazing and exhausting! Such a busy time away, I am now 30 as well! I have been very spoilt and feel very loved!

    Have cancelled the Snowdon walk as I feel too unfit, have found a walk to do with my dad though which is about 13miles so this feels like a good compromise! Flatter but longer!

    We have had our 6% saver come to fruition and I think M and S has a 5% regular saver so we will open that next I think!

    Hope everyone is well, I will wander over to other diaries soon!

    Jodles
    MFW2017 #29 1200.24/4524
    MFiT #66
    Overall aim 10,124.20/21,743 (£156,000)
    2016- Jan-£177,472, Apr-£173,195.04, July- £171,417.47 Oct- 169,366
    2017- Jan- 167,347.80 Apr- July- Oct-

    • jodles16
    • By jodles16 15th May 17, 9:15 PM
    • 1,315 Posts
    • 3,962 Thanks
    jodles16
    May's Mortgage Stats!

    1st May
    After Payment- £164,671.61
    LTV- 84.44%
    Daily Interest- £
    Overall Interest- £
    OP- £377
    Capital Paid-£644.03

    We are now in the 164's! Wows!! Wont be long until we wave goodbye to the 16's, eeek!
    MFW2017 #29 1200.24/4524
    MFiT #66
    Overall aim 10,124.20/21,743 (£156,000)
    2016- Jan-£177,472, Apr-£173,195.04, July- £171,417.47 Oct- 169,366
    2017- Jan- 167,347.80 Apr- July- Oct-

    • EatingTheElephant
    • By EatingTheElephant 16th May 17, 6:53 AM
    • 1,162 Posts
    • 6,237 Thanks
    EatingTheElephant
    Great to see you posting Jodles, you have been keeping busy!
    Belated happy birthday
    • kirtsypoos
    • By kirtsypoos 16th May 17, 11:01 AM
    • 3,099 Posts
    • 13,799 Thanks
    kirtsypoos
    Belated happy Birthday
    £150/3000 OH BC(95% PAID)
    PAID VERY, Barclaycard x2, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID LBM 24/07/15 - Debt: £150/31010.23 (99.51% paid)
    Mortgage - £160,500.00 (2017 O/P £2475.46) PAYDBX 17 #006 - £18,079.25/14,539.71
    • jodles16
    • By jodles16 19th Aug 17, 3:20 PM
    • 1,315 Posts
    • 3,962 Thanks
    jodles16
    Thanks for the birthday wishes! I am not sure what has happened with time this year...its disappearing!

    My laptop has gone kapupt, this has meant its no longer convenient to pop on here, my new job is still hard work with lots of learning so pretty tired and still trying to learn about canine massage which is also time consuming and hard work!

    Mortgage wise things have pootled on as they were!

    August shows us at: £162,702.45

    This is 83% LTV

    This is fantastic news and put us on target for next years aim of £156000 and 80% LTV.

    Except, we have been reevaluating our plans this past week. We think it is a safe bet the house will be worth £210k from the £195k we paid, based on general inflation and work we have done modernising decor, outdoors etc. My dad is going to speak to his friend who runs an estate agents to get his opinion. If this was the case we have already reached the 80% mark. We are then looking into whether it would be good to stop the overpayments and use that money for other things at this time. Namely we want outside patio'd and a fire installed, as well as the driveway being completed and finishing painting the other rooms, namely upstairs bathroom and kitchen/dining room. The money will be earmarked for home improvement hopefully ensuring we will be over the required amout at remortgaging next year. We may also use this money to pay off the credit card and pay off some of the car loan.

    It doesnt sit well with my MFW brain, but at the same time I realise the house needs some moolah spending and actually this could help with mortgages in the future!

    I would plan to send small OP's across once cancelled!

    Hope all of you lovely people are well and it wont be months until I am back again!

    Jodles
    Last edited by jodles16; 19-08-2017 at 3:32 PM.
    MFW2017 #29 1200.24/4524
    MFiT #66
    Overall aim 10,124.20/21,743 (£156,000)
    2016- Jan-£177,472, Apr-£173,195.04, July- £171,417.47 Oct- 169,366
    2017- Jan- 167,347.80 Apr- July- Oct-

    • Kittenkirst
    • By Kittenkirst 22nd Aug 17, 7:36 AM
    • 1,641 Posts
    • 8,577 Thanks
    Kittenkirst
    Hey Jodles! I was missing your posts

    83% LTV is fantastic- fingers crossed that the market increases pushes you under the 80% mark too!
    2017 MFW #20 - OP £2508.28/ £2150 117%. New target £2500 100%
    Last 3 months- Oct: £179.60 Nov: £160.33 Dec: £212.41

    Emergency fund £4K/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • EatingTheElephant
    • By EatingTheElephant 22nd Aug 17, 7:43 AM
    • 1,162 Posts
    • 6,237 Thanks
    EatingTheElephant
    Good to see you back and making great progress too. It sounds like you are enjoying life even though it is busy.

    Have your dogs been benefitting from lots of massages whilst you're learning?
    • shangaijimmy
    • By shangaijimmy 22nd Aug 17, 8:07 AM
    • 2,281 Posts
    • 10,616 Thanks
    shangaijimmy
    Its always a dilemma to wrestle with...OP or life! You'll find a balance somewhere, and rest assured that if you wasn't a MFW then you probably wouldn't be in a position to consider the home improvements anyway!
    MFW: Turning June 2036 into March 2023... 33//120 Payments Challenge, Diary Reduction £35,448.08
    Aug 2009: £163,051 // Current: £100,551.94 // Avg Daily Interest £4.52
    MFiT-T4 #8 - 56.74% of £41,000
    • jodles16
    • By jodles16 21st Sep 17, 4:56 PM
    • 1,315 Posts
    • 3,962 Thanks
    jodles16
    Thanks Kittenkirst, your too kind! I have my laptop back, cost £25 to sort out and the fan wasnt actually broken just full of dust etc so will be catching up more now!

    Hey ETE, they do seem to enjoy the basic bits I have been taught so far, I am hoping it will help big girls arthritic legs loosen up a little!

    I like your thinking Shanghaijimny! Great way of looking at it! We wouldnt even own 10% at this point if we hadnt started on this journey, thats a good reminder!

    The patio is complete! It is huge! Does seem to open the garden up and once we get some furniture it will soon look more user friendly!

    I am going to start non spend days after this pay day- well on the 1st of next month, would seem weird if I didnt do it on the 1st?! Also, trying to think ahead for birthdays and Christmas or I am going to have to well dip into my savings which are definitely depleting...I am saving £125 into a 5% saver, but am also having to use my savings so counterproductive!

    So far have my Dads birthday next week, he wants some plants for his pond, so nice and simple. In October its my nephews, no idea what to get a 5year old boy?! My mum and besties birthday is also October, bestie is getting a sushi session at the well known chain, well she will if they get back to me, awful customer service so far! And I am getting my mum a charm with a lovely picture of my sister and I!

    Hubby's birthday is 23rd Dec so need to start thinking about him...

    Hope you all are well, thanks again for popping back!

    Jodles
    MFW2017 #29 1200.24/4524
    MFiT #66
    Overall aim 10,124.20/21,743 (£156,000)
    2016- Jan-£177,472, Apr-£173,195.04, July- £171,417.47 Oct- 169,366
    2017- Jan- 167,347.80 Apr- July- Oct-

    • michelle09
    • By michelle09 21st Sep 17, 5:16 PM
    • 470 Posts
    • 1,856 Thanks
    michelle09
    Hi Jodles! Sounds like the garden will be wonderful for next summer. (And maybe this year if the rain eases off!)
    • jodles16
    • By jodles16 1st Oct 17, 11:26 AM
    • 1,315 Posts
    • 3,962 Thanks
    jodles16
    Hi michelle09, very true! Weather hasnt been great since it has been finished but October can sometimes be surprising!!

    October's mortgage= £162,154.04

    This is the first time since I started this diary we havent overpayed, I am going to send something over though, I am hoping I can send over £154.05 to get in the 161's still! Will have a look see!


    I don't feel good having not OP...its hard to get my head around!haha. Patio does look good and is better for drainage, we dont have a mini pond outside the back door which we normally would!

    Hubby is working away a lot which sucks, partly because I enjoy his company but also because I am out of the house for up to 10hours with my commute to work so dogs are alone way more than I want, my friend comes in to take them out at lunch time but this is at £10 a day, totally worth it but I love my dogs and don't like how long I am away for!

    Jodles
    MFW2017 #29 1200.24/4524
    MFiT #66
    Overall aim 10,124.20/21,743 (£156,000)
    2016- Jan-£177,472, Apr-£173,195.04, July- £171,417.47 Oct- 169,366
    2017- Jan- 167,347.80 Apr- July- Oct-

    • jodles16
    • By jodles16 1st Oct 17, 1:16 PM
    • 1,315 Posts
    • 3,962 Thanks
    jodles16
    So thought I would jump back here to let you all know, after some sums and a chat with hubby, I have sent an OP of £154.05 so that will drop us into the 161's! Hurray!

    We are hoping for quotes for the fire soon, thats the next big thing. We are also looking at tiling the kitchen walls, hubby is hoping we can do this ourselves! Scary but happy to have a go! Weather definately means any work that needs doing has to move inside!

    Next year we are hoping to put a large wildlife pond in the field, it will encourage more wildlife including bats, we have had a toad in the garden twice in the last week! Dad has a large pond liner so hoping to nab that and then will need to hire a digger as will be a big job!

    Might be back later once I have worked out credit card debt and the car loan!

    Jodles
    MFW2017 #29 1200.24/4524
    MFiT #66
    Overall aim 10,124.20/21,743 (£156,000)
    2016- Jan-£177,472, Apr-£173,195.04, July- £171,417.47 Oct- 169,366
    2017- Jan- 167,347.80 Apr- July- Oct-

    • Moneyfordreams
    • By Moneyfordreams 6th Oct 17, 11:52 AM
    • 902 Posts
    • 4,420 Thanks
    Moneyfordreams
    Hi Jodles, nice to hear things are good and progressing. the wildlife pond sounds lovely 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 £158200
    h@lifax CC £4300 0% until May 2018.. will pay minimum for now, slow stooze
    CC daughter gift and holiday spends £2200
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