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  • FIRST POST
    • sarahevie1
    • By sarahevie1 10th Apr 15, 12:36 AM
    • 476Posts
    • 2,537Thanks
    sarahevie1
    sarahevie's single quest to mortgage freedom
    • #1
    • 10th Apr 15, 12:36 AM
    sarahevie's single quest to mortgage freedom 10th Apr 15 at 12:36 AM
    I had a diary a while ago but I let it slip, my circumstances have changed massively in the last six months, so I am back aiming for one thing mortgage freedom.

    So about me, single mummy of three beautiful girls. Full time primary school teacher, I also have a Saturday job at a well known supermarket.

    About six months ago oh walked out on me after 12 years, I found myself 30, single and struggling. A few weeks later he was back, and we see each other most days, although he rents a flat in a nearby town. I've had to use literally all my savings to get the joint mortgage into my sole name, £20,000.

    My mum and dad paid oh his equity share of the house £10,000, will have to pay this back. Oh is now in the process of buying his own house, he's asked me to move into it with him, as he never felt like my house was his, although it was in joint names, I'm undecided about moving into ohs new house. All I know for certain is my house is my responsibility and the £58000 mortgage has to go.
Page 30
    • debtfreeoneday
    • By debtfreeoneday 20th Apr 17, 2:47 PM
    • 2,818 Posts
    • 9,714 Thanks
    debtfreeoneday
    We all have down days over blinkin debt. Sending big hugs your way, dust yourself down and you'll be good.

    Hope you are enjoying the hols x
    DFW (08/08) £64,346.53 Credit card debt: £3,984.23 over three credit cards.
    MFW (01/15) £118,031.21 £93400.02 ~ 2017 OPs £47.64
    Earnings 2018 Pcone £9.00 ~ Ips0s £10.00 ~1poll £40.10 ~ Pr0filic £32.75 ~ TCB £21.72 ~ YouGov £33.75
    • sarahevie1
    • By sarahevie1 20th Apr 17, 8:44 PM
    • 476 Posts
    • 2,537 Thanks
    sarahevie1
    I've ordered a new bed from ebay, at the end of the day, it's only money.

    Also throwing myself into diet and fitness again, have put on a stone in the last 3 weeks. I can't have a couple of meals out, and an Easter egg clearly without putting on loads of weight. It's a family thing, sooo frustrating.

    So today I have done a five mile hike and an hour trampolining. I will lose two stone
    Mortgage 1 - £29000 Value £283000 (Mortgage val survey Sept 15.) 22 years 3 monthsOPs 86167ithout OPs balance 119000
    Mortgage 2 - £100000 Value £185000 (Purchase price 2007.) 15 years 11 months
    Original Mortgage debt £300,000 - Now £129000
    • sarahevie1
    • By sarahevie1 23rd Apr 17, 9:35 AM
    • 476 Posts
    • 2,537 Thanks
    sarahevie1
    Had a rather large bouquet of flowers arrive at my house this week, wasn't expecting this at all. It did lift me though as have been having a pretty dire week. Not sure why, as I've socially had the time of my life and spent loads of time with friends, kids and family but really fed up with working so hard and STILL having to look at the prices of EVERYTHING and consider EVERY purchase.

    Had my annual mortgage statement for my BTL this week and it shows overpaying is the only way forward. I've not overpaid it at all and in the last ten years I've paid back £92000 and only £47000 has come off the capital. When I'm mortgage free at home I'll be tackling this debt, but unlikely to be for another 5 years.
    Mortgage 1 - £29000 Value £283000 (Mortgage val survey Sept 15.) 22 years 3 monthsOPs 86167ithout OPs balance 119000
    Mortgage 2 - £100000 Value £185000 (Purchase price 2007.) 15 years 11 months
    Original Mortgage debt £300,000 - Now £129000
    • Brodiebobs
    • By Brodiebobs 27th Apr 17, 4:15 PM
    • 762 Posts
    • 3,257 Thanks
    Brodiebobs
    If it makes you feel any better I don't think I would ever stop looking at the prices of things.

    I joke that even if won the lottery (even though i'm too tight to buy tickets) however much i'm spending i always like to think i would get a 'deal' so wouldn't still shop around or bartering.
    Addicted to MSE.
    Overpaying mortgage for a better debt free life!
    • sarahevie1
    • By sarahevie1 27th Jul 17, 11:58 AM
    • 476 Posts
    • 2,537 Thanks
    sarahevie1
    Cannot believe it's been three months since I last posted.


    Lots has happened, and its all been pretty awful to be honest.


    Had an issue at work and it ended up spiralling, don't want to say too much, but had the last two weeks of term off with stress but feel like I should at least try again in September.


    I flit from wanting to go back to work and carry on and wanting to disappear for good. Have been seriously considering moving back to where my family are from, but can't bring myself to as still hoping the ex will come back. Also got major issues with my house due to my neighbour not allowing me to replace the fence (they own it but won't repair it) and local EAs saying there's no point putting it on the market as it is.


    In my career plans I decided to try and buy another BTL to enable me to give up/reduce working hours but the vendor of the house I offered on decided not to sell. Will not be pursuing any others at the moment, as my home town is much more expensive than where I currently live and therefore if I decide to move I will need all the money I can. Have even considered selling my house and the BTL to get a decent house where I'm from.


    My grandma is currently at the end of her life which is incredibly sad. This is after I lost my FiL in Jan.


    Kids dad has got a new girlfriend and has seen kids for 10 hours in over a month. Missed DD2s birthday. Not sure why I still want him, but still do. I know he's not good for me, so not sure why I still can't eat or sleep and think about him constantly.


    I'm at a crossroads in my life and keep hoping it'll get better. Lots of decisions to make and don't know where to start. Hoping it'll get better. Going to go and deep clean my carpets whilst kids are watching bing. Rain hammering down here, suits m mood!
    Mortgage 1 - £29000 Value £283000 (Mortgage val survey Sept 15.) 22 years 3 monthsOPs 86167ithout OPs balance 119000
    Mortgage 2 - £100000 Value £185000 (Purchase price 2007.) 15 years 11 months
    Original Mortgage debt £300,000 - Now £129000
    • Courgette
    • By Courgette 27th Jul 17, 8:25 PM
    • 1,671 Posts
    • 17,911 Thanks
    Courgette
    to you sweetheart. This too will pass xxx
    A reminder to myself: Persistence Pays Off
    Mortgage 1: £95,000 £78,900 at 3.1%
    Mortgage 2 (BTL): £83, 489.15 at 2.99% (I.O.)
    Savings (S&S ISA): £3000 Plus 6 months emergency savings earning 3%
    • A Frayed Knot
    • By A Frayed Knot 27th Jul 17, 11:51 PM
    • 2,259 Posts
    • 10,130 Thanks
    A Frayed Knot
    (Always think this looks dodgy) but the only icon with hugs a plenty.

    Last 3 months for you, not so good, so please try and focus on the next 3 months, which will be a lot better, right?

    You have 2 houses, 3 beautiful kids, and 2 jobs, a lot of balls in the air, I think.

    When I read your comment about your ex - it reminded me of Millionaire Matchmaker that was on last night - A baywatch babe - husband treated her not so nice, anyway Miss Matchmaker, gave her some tough love about dating, went on dates, took control and came out the other side - much happier. I'm not saying you are the same, but was nice to watch the transformation. Catch it if you can.

    As Courgette says - this too, will pass. Big Hugs being sent to your way.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 24 months 1/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69, 2016/£3186.80, 2017 £4068.97

    • pinkypig
    • By pinkypig 28th Jul 17, 9:00 AM
    • 990 Posts
    • 8,464 Thanks
    pinkypig
    Life sounds really tough right now but you're clearly a very resilient and resourceful lady so you will muscle through. I know life can have a nasty habit of kicking you when you're down but it more often takes a massive turn for the better when you're least expecting it. I'm sure your happily ever after is on its way
    Take care
    PP x
    • summerday
    • By summerday 2nd Aug 17, 5:59 PM
    • 1,312 Posts
    • 2,175 Thanks
    summerday
    Hiya,

    Yours is one of the few diaries I subscribe to, and had noticed you'd been quiet.

    So sorry to hear you've had a lot of stressful stuff going on. These things always seem to all happen at once too, don't they.

    From all you've posted about your ex, it's clear that you are way too good for him. It must be hard seeing him with someone else, especially as you have three kids together, but there is someone out there who is way better than him. Perhaps it's more the emotional support that you're missing from him as you're going through several other stressful things?

    I'm going to send you a PM if that's ok.

    Take care xx
    Yesterday is today's memories, tomorrow is today's dreams
    • sarahevie1
    • By sarahevie1 3rd Dec 17, 10:11 PM
    • 476 Posts
    • 2,537 Thanks
    sarahevie1
    Thanks summerday, i got your pm yesterday and will reply soon. Cant belueve how much has happened since i last posted. I leave my job at christmas as supply teachers are in high demand where i live 303 are employed every day by the local authority. Well that was the plan when i handed my notice in at half term. However, i sold my house beginning of november, and im moving to north yorkshire, so after 10 years its bye bye west yorkshire. Im concerned about teaching in north yorkshire as theres not the number of jobs compared to bradford where i currently work but quality of life will be better.

    A few things happened this year which made me realise that i wanted to move, the number of twilights where i was leaving work at 8 but after school club shut at 6 wasnt sustainable without family to help. My grandma died in aug. I lost my father in law in jan and i realised i wanted to live near my family. I never wanted to take the kids away from their dad which is why i have stayed as long as i have. However, once ex got a gf he saw kids for 30 hrs in 8 weeks. So i realised i had to put me first and stop making his lufe easy. House prices are more expensive where im moving to, which also put me off moving before, but i inherited 75K from my grandma so that has covered the house price increase. I also made 85k on my house which helped. Sold for 275K. Think we are 2 weeks from exchange.

    Met an amazing guy in july, but he ended it in oct as we didmt see much of each other with work, my children were also awful to him. He also felt the dustance when i move would be too much. I have a lit of regrets over the relationship as he was very suitable but the timing wasnt right.

    Im rambling, but the point of this is that im spending 350k on a four bed detached forever famiky home in a north yorkshire village and im going to be mortgage free. Other than the 75k inheritance, the rest has been me alone. I cant get a mortgage, even if i wanted one, as have no job. I am worriec abiut job prospects where im moving, teaching jobs few and far between, but bye bye childcare bill and bye bye mortgage so hoping i can make it work.
    Mortgage 1 - £29000 Value £283000 (Mortgage val survey Sept 15.) 22 years 3 monthsOPs 86167ithout OPs balance 119000
    Mortgage 2 - £100000 Value £185000 (Purchase price 2007.) 15 years 11 months
    Original Mortgage debt £300,000 - Now £129000
    • beanielou
    • By beanielou 4th Dec 17, 12:13 PM
    • 50,555 Posts
    • 193,356 Thanks
    beanielou
    Wow.
    I hope it all works out for you.
    Yah to being mortgage free
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • summerday
    • By summerday 4th Dec 17, 1:46 PM
    • 1,312 Posts
    • 2,175 Thanks
    summerday
    Wow, it's all been happening for you.

    I think you're doing the right thing to be nearer your family, it will be good to have that support.

    Shame about the man, but who knows what (who) is around the corner...
    Yesterday is today's memories, tomorrow is today's dreams
    • skint_spice
    • By skint_spice 8th Dec 17, 8:25 AM
    • 11,201 Posts
    • 23,501 Thanks
    skint_spice
    Well done on becoming mortgage free, I hope the move helps make life easier for you and your family - your new home sounds lovely.
    mmm...still thinking, planning and plotting for aims in 2017
    • debtfreeoneday
    • By debtfreeoneday 8th Dec 17, 4:30 PM
    • 2,818 Posts
    • 9,714 Thanks
    debtfreeoneday
    Yay to being mortgage free and you never know - a change is as good as a rest, your ideal man may be waiting for you - keep us updated. x
    DFW (08/08) £64,346.53 Credit card debt: £3,984.23 over three credit cards.
    MFW (01/15) £118,031.21 £93400.02 ~ 2017 OPs £47.64
    Earnings 2018 Pcone £9.00 ~ Ips0s £10.00 ~1poll £40.10 ~ Pr0filic £32.75 ~ TCB £21.72 ~ YouGov £33.75
    • sarahevie1
    • By sarahevie1 11th Jan 18, 11:23 AM
    • 476 Posts
    • 2,537 Thanks
    sarahevie1
    It might not make the best investment sense but i have used all my savings, excpet £1200 emergency pot, to make an overpayment £15000. Now my mortgage is in the 20,000s. My erc is 1% so had to pay £106 erc as maxed my 10% op allowance. I could have invested the money made money from a savings account, waited 12 months for the erc to disappear but mentally im struggling with lack of income, debt so for me, it was the riht decision.

    The money from the saale of my grandmothers house is now with the solicitor and im going to use my share to pay off my remaining morgage. This hasnt been popular with some more financially asute members of my family, your mortgage rate is so low, why not outperforrm it, how aabout another btl etc. However, i dont need the stress and will be happy knowing i only need to earn £713 a month to paay for food, utilities, car, petrol essentials and a bit more for fun stuff. Its the easy, albeit boring to some, life that works for me!

    The remaining money from grandma i will use to buy the 4 bed forever home, if i can sell my own. Twice the chain has collapsed now. My new plan b is to extend o make this a 4 bed, detached forever home, or another option is to patition one of the bedrooms to create 4 befrooms and halve btl mortgage.
    Mortgage 1 - £29000 Value £283000 (Mortgage val survey Sept 15.) 22 years 3 monthsOPs 86167ithout OPs balance 119000
    Mortgage 2 - £100000 Value £185000 (Purchase price 2007.) 15 years 11 months
    Original Mortgage debt £300,000 - Now £129000
    • beanielou
    • By beanielou 11th Jan 18, 8:32 PM
    • 50,555 Posts
    • 193,356 Thanks
    beanielou
    I am with you on decreasing your mortgage
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • pretty butterfly
    • By pretty butterfly 13th Jan 18, 1:32 PM
    • 23 Posts
    • 68 Thanks
    pretty butterfly
    Delurking to say I've read the whole thread and so impressed with what you've achieved, it must have been bloody hard work. Hope your sale goes through and move goes well.
    MFW: Initial loan £80,000, overpayments: £10920.51, current balance -£62307.83
    • sarahevie1
    • By sarahevie1 16th Jan 18, 10:54 PM
    • 476 Posts
    • 2,537 Thanks
    sarahevie1
    Struggling with the budget since leaving teaching. I do have four income streams. Two part time jobs, maintenance and child benefit however as im on month one f my new life im not sure exactly how much i will earn going forward this means i need to be frugal.

    Just when i need to be frugal, ive been hit with payments for three residentials, dd1 does three dance classes a week, dd1 and 2 both do brownies, subs for term due. Dd1 has started star wars club and dd2 dodgeball its after school so cheap but still £38 for the term thts for both classes so not too bad but it all adds up.

    Day 16 spends so far.
    £5.30 Transprt
    £25 Water
    gas/elec £77
    Presents £13
    Clothes £11.50
    Food £105.50
    Council tax £112.00
    Dance £50
    Entertainment £126.38
    Mortgage 1 - £29000 Value £283000 (Mortgage val survey Sept 15.) 22 years 3 monthsOPs 86167ithout OPs balance 119000
    Mortgage 2 - £100000 Value £185000 (Purchase price 2007.) 15 years 11 months
    Original Mortgage debt £300,000 - Now £129000
    • sarahevie1
    • By sarahevie1 16th Jan 18, 10:56 PM
    • 476 Posts
    • 2,537 Thanks
    sarahevie1
    Delurking to say I've read the whole thread and so impressed with what you've achieved, it must have been bloody hard work. Hope your sale goes through and move goes well.
    Originally posted by pretty butterfly
    Thanks so much for reading, it has been bloody hard work and being very close to mf doesnt seem to be easing the pressure but keep plodding.
    Mortgage 1 - £29000 Value £283000 (Mortgage val survey Sept 15.) 22 years 3 monthsOPs 86167ithout OPs balance 119000
    Mortgage 2 - £100000 Value £185000 (Purchase price 2007.) 15 years 11 months
    Original Mortgage debt £300,000 - Now £129000
    • sarahevie1
    • By sarahevie1 25th Jan 18, 3:04 PM
    • 476 Posts
    • 2,537 Thanks
    sarahevie1
    As im up to day 25 of new life, new income. What have i spent this month.
    £931.04. Will go through the full soa at the end of the month but don't feel like weve missed out on fun stuff. Very aware this has been a cheap month no annual insurances car, home, no kids birthdays. Few token gifts for family, but not one of my kids so much cheaper.

    Think im on track to earn £1600 this month so hoping the books will balance. Will update at the end of the month. Had my statement after the op and mortgage now £28008 minimum payments £136!
    Mortgage 1 - £29000 Value £283000 (Mortgage val survey Sept 15.) 22 years 3 monthsOPs 86167ithout OPs balance 119000
    Mortgage 2 - £100000 Value £185000 (Purchase price 2007.) 15 years 11 months
    Original Mortgage debt £300,000 - Now £129000
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