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  • FIRST POST
    • A Frayed Knot
    • By A Frayed Knot 8th Jun 15, 11:34 PM
    • 1,742Posts
    • 7,989Thanks
    A Frayed Knot
    Was Mortgage Free until 52!!!
    • #1
    • 8th Jun 15, 11:34 PM
    Was Mortgage Free until 52!!! 8th Jun 15 at 11:34 PM
    I was a lurker, but inspired by this thread to start my own diary and although my figures are positively small fry to some - its still my mortgage.

    A bit about me, took the plunge and bought a house age 50 plus by myself, everyone asked "Are you mad?" But thought - I can do this.

    Bought at auction, so got a bit of a bargain (the only way I could afford a mortgage) and had what I would call (in my terms) a nice deposit. Took out an 80% mortgage, and lenders would only give me an 18 year term, 2 years fixed at 4.5%, so in my eyes I have already knocked 7 years off my mortgage - how's that for positive thinking?

    I'm now 3 years down the line and have already made the classic mistake, did not renew my fixed term after the 2 years (and still haven't) as it reverted to 3.99% which was lower than I was paying and on making my first large overpayment, they reduced my monthly payments Little did I know what I know now. So its time to get my mortgage in order.

    I have about a years mortgage savings - and about 3 years mortgage payments out on loan at the moment.

    I pay a minimal 45.00 into an isa every month, but was thinking of adding this to my monthly mortgage payments when I remortgage thus reducing the years even further. What do you think?

    I work full time and overtime is available for the moment although I never accept, as I go in early and stay late - could class that as overtime,

    As you can tell, I'm a bit obsessed with overpayments, but well - you can see my point - at my age, want to be "mortgage free" asap.

    Please help.
    Last edited by A Frayed Knot; 02-01-2016 at 12:00 PM.
Page 51
    • Watty1
    • By Watty1 6th Oct 16, 11:57 PM
    • 2,488 Posts
    • 17,587 Thanks
    Watty1
    Makes sense. when we were overpaying sub accounts bank attributed the money in somewhat haphazard style for a while!
    Mortgage at start of diary Sept 2013: £132,995 Aug 2015 £0
    Overpaying next mortgage. £79,491 now £68801
    • bexster1975
    • By bexster1975 7th Oct 16, 7:03 AM
    • 857 Posts
    • 4,425 Thanks
    bexster1975
    Hi AFK

    I confess I haven't moved BB provider for a long time. BT is not cheapest one for me, but reliable, fast service.

    Glad loft was ok. I agree about ombudsman re saga. There must be somewhere you can go above these incompetents. A neighbour of mine is having similar issues with freeholder.

    I am off to House of Commons today. Lunch on the terrace and all that! As part of my job by the way!

    Hope you all have good days.

    Bexster
    • A Frayed Knot
    • By A Frayed Knot 7th Oct 16, 7:28 PM
    • 1,742 Posts
    • 7,989 Thanks
    A Frayed Knot
    Thanks - not o/p the sub account, o/p's were always sent to my mortgage account, will do calculations later, but i'm sure i'm on the right track.

    Bexter - "La de Da" to you "Lunch on the Terrace" step up from "Breakfast on the Balcony" hope you had a lovely time.

    Feeling slightly better today, good day at work, what !!! did I really say that. Quick take my temperature

    Need to out tomorrow, looking for a birthday pressie/card for DB for his big x0 birthday next week.
    I feel an expense coming on.
    Last edited by A Frayed Knot; 07-10-2016 at 7:30 PM.
    Always have 00.00 at the end of your mortgage balance and someday it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    o/p 2014/£4000, 2015/£6294.69 MFW2016 #27 £3101.03/£3000
    £1000/£1000 51.44/33.29=84.73
    • A Frayed Knot
    • By A Frayed Knot 7th Oct 16, 11:54 PM
    • 1,742 Posts
    • 7,989 Thanks
    A Frayed Knot
    Well, no, I'm not on the right track after all. The two amounts deducted on two accounts don't add up to the amount I o/p'd. Will need to give them a ring/visit.
    Always have 00.00 at the end of your mortgage balance and someday it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    o/p 2014/£4000, 2015/£6294.69 MFW2016 #27 £3101.03/£3000
    £1000/£1000 51.44/33.29=84.73
    • bexster1975
    • By bexster1975 8th Oct 16, 8:23 AM
    • 857 Posts
    • 4,425 Thanks
    bexster1975
    Hope you get your present ( and it doesn't break the bank!)

    Had a great day yesterday.

    Bexster
    • A Frayed Knot
    • By A Frayed Knot 8th Oct 16, 9:29 AM
    • 1,742 Posts
    • 7,989 Thanks
    A Frayed Knot
    Bank already broke. Thinking of contributing towards a holiday, so won't be cheap. I'm sure I still have a load of euro's around somewhere but think they are finding it difficult to get the dates they are looking for.

    Sounds like an exciting new job you have hope your still enjoying it.
    Always have 00.00 at the end of your mortgage balance and someday it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    o/p 2014/£4000, 2015/£6294.69 MFW2016 #27 £3101.03/£3000
    £1000/£1000 51.44/33.29=84.73
    • bexster1975
    • By bexster1975 8th Oct 16, 9:33 AM
    • 857 Posts
    • 4,425 Thanks
    bexster1975
    Sorry to hear about bank breaking

    I am enjoying the new job. It's quite different in a lot of ways - some I hadn't expected. People are nice which makes a huge difference.actually interested in doing their jobs rather than office politics!!

    A welcome change. Have a great weekend

    Bexster
    • A Frayed Knot
    • By A Frayed Knot 9th Oct 16, 9:06 AM
    • 1,742 Posts
    • 7,989 Thanks
    A Frayed Knot
    Bexster - sounds like a huge weight has been lifted. Know all about office politics, ? maybe I need to visit the House of Commons

    In other news, instead of shopping, it was such a beautiful day here I decided to give the grass a last (hopefully) cut and garden a tidy. Looking good. so will pay shops a visit later on today. Washing on and will be put out as another lovely morning, so far. Not done too well with my list from last week,
    • switch utilities for me and my mum Done
    • switch phone and internet plus tv for me, mum wants to keep sky tv Done
    • send email for repeat prescription
    • pay bill/do money shuffle Done
    • take saga to stage 2 complaint - Pending
    • List items on the b@y - Pending - ongoing
    • Look for basic spreadsheet,
    • Find/make a house graph with bricks to colour in - Not found yet, but have looked
    Hate when my lists don't get completed.

    And in last weeks news, have managed 6 whole nsd Shopping on menu today, though.
    Off to phone mortgage co, so everyone have a lovely sunny Sunday.
    Always have 00.00 at the end of your mortgage balance and someday it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    o/p 2014/£4000, 2015/£6294.69 MFW2016 #27 £3101.03/£3000
    £1000/£1000 51.44/33.29=84.73
    • bexster1975
    • By bexster1975 9th Oct 16, 9:21 AM
    • 857 Posts
    • 4,425 Thanks
    bexster1975
    Hello AFK

    It is great to see much of the list that was weighing you down a week ago cleared! I too have been clearing outside space ready for winter. Thus also left an excess of green tomatoes ( now in a paper bag with red ones attempting to ripen up.). Shopping to do here too. 4 NSDs this week. New job offers free lunch if we want and two nights a week free dinner too! Also using much less petrol, so will see how long the £30 I put in last weekend will last ( normally by now I would have needed to add at least £20 - I'm currently hardly off a full tank!)

    Hope you get your shopping in. Sunny here too so enjoy!

    Bexster
    • A Frayed Knot
    • By A Frayed Knot 9th Oct 16, 10:01 AM
    • 1,742 Posts
    • 7,989 Thanks
    A Frayed Knot
    Breakfast on the balcony, since its sunny Great benefits in your new job. How much are you reducing your grocery spend by ? Every penny saved should get you your little Italian place a little bit sooner

    Phoned H@lif@x, seems the amount was divided and subtracted off my 3 accounts. And it was completely my own doing They are tweeking their online banking, and a new button appeared on the mortgage account saying "Make a payment" this then has a drop down menu for where you want to pay, of course I didn't see that, just took it to be the same as if I was making a payment from my bank account with them.

    Lesson learnt, need to be more careful. Anyhow another o/p made of £1.54 . My mortgage now has 00.00 at the end at least it will have, when it shows on statement. Sorted.
    Last edited by A Frayed Knot; 09-10-2016 at 10:29 AM.
    Always have 00.00 at the end of your mortgage balance and someday it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    o/p 2014/£4000, 2015/£6294.69 MFW2016 #27 £3101.03/£3000
    £1000/£1000 51.44/33.29=84.73
    • bexster1975
    • By bexster1975 9th Oct 16, 11:04 AM
    • 857 Posts
    • 4,425 Thanks
    bexster1975
    It was chilly for breakfast. Did have my coffee and almond croissant out there when I got back ( free coffee thank you W8rose!)
    Bought a couple of fresh herb pots as looking a bit bare outside. Have not worked out additional saving as only got first salary last Monday. Will see how the month goes and try not to waste too much and look again in three weeks when I'm paid. Only small shop today and no fuel. Better get those herbs planted.....


    Bexster
    • giblet1979
    • By giblet1979 9th Oct 16, 11:43 AM
    • 846 Posts
    • 3,396 Thanks
    giblet1979
    Hi AFK - sorry to hear you've been having a tough time. Glad to see that you've got the mystery with the sub accounts sorted tho. I love checking my online balance, but it's really simple and only shows the combined monthly payment online (not all the little OP's in between) so I've asked if they have any plans to change this, plus to let me know how much I've left for the year without paying penalty (only shows overall combined total so you have to do the sums - no problem this year when I'm way under but I've big plans for the rest of the term!!)

    You and bex make me feel so lazy...I'm still in bed on the laptop. Off food shopping and to make dinner soon tho....Have a lovely day xx
    Debt remaining:
    Mortgage - £122,780 (of £134,600)

    Work overpayment and home improvement loan paid back (£19200)


    • A Frayed Knot
    • By A Frayed Knot 11th Oct 16, 7:21 PM
    • 1,742 Posts
    • 7,989 Thanks
    A Frayed Knot
    Thanks giblet - tough time - understatement. However Good News - 1st

    My Mortgage balance now has 00.00 at the end - officially and trying our (that's work colleagues and I) luck with the big jackpot tonight, not exactly a huge amount of 20p each to buy 1 ticket. Mustn't be greedy.

    However back to saga, and have just been told I did not consent to repair, are they joking . . . . . . . no, was the reply and they want the date and time of when I phoned. W T ???

    memo to myself - buy another hair dye next time at shops
    Always have 00.00 at the end of your mortgage balance and someday it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    o/p 2014/£4000, 2015/£6294.69 MFW2016 #27 £3101.03/£3000
    £1000/£1000 51.44/33.29=84.73
    • bexster1975
    • By bexster1975 11th Oct 16, 7:30 PM
    • 857 Posts
    • 4,425 Thanks
    bexster1975
    Sadly, none of your saga amazes me. Utter morons! Blame anyone rather than take responsibility!

    Good luck with the jackpot

    Bexster
    • A Frayed Knot
    • By A Frayed Knot 11th Oct 16, 7:31 PM
    • 1,742 Posts
    • 7,989 Thanks
    A Frayed Knot
    Completely forgot to mention what I was up to at the weekend. Saga completely taken over my life at the moment.

    So Sunny Saturday, mowed the lawn, front, back and sides, cut/trimmed hedge, and gave it a general tidy up. Sunny Sunday, after some shopping, helped DB and SIL paint the outside of their house, thank goodness its a one storey aka bungalow with lots of windows and cladding underneath the windows.


    However got paid by been given Sunday dinner, once again. Was shattered when we had finished, seriously shattered.
    Always have 00.00 at the end of your mortgage balance and someday it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    o/p 2014/£4000, 2015/£6294.69 MFW2016 #27 £3101.03/£3000
    £1000/£1000 51.44/33.29=84.73
    • A Frayed Knot
    • By A Frayed Knot 11th Oct 16, 7:37 PM
    • 1,742 Posts
    • 7,989 Thanks
    A Frayed Knot
    Sadly, none of your saga amazes me. Utter morons! Blame anyone rather than take responsibility!

    Good luck with the jackpot

    Bexster
    Originally posted by bexster1975

    My neighbour has sent them 2 e-mails, and they asked me if I could ask them to send it again . I saw this in work today "sob" and told my colleague, that's what I feel like, she said "what, shortness of breath" no, I said, sob as in sobbing

    Got to be in it, to win it I live in hope
    Always have 00.00 at the end of your mortgage balance and someday it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    o/p 2014/£4000, 2015/£6294.69 MFW2016 #27 £3101.03/£3000
    £1000/£1000 51.44/33.29=84.73
    • A Frayed Knot
    • By A Frayed Knot 11th Oct 16, 8:00 PM
    • 1,742 Posts
    • 7,989 Thanks
    A Frayed Knot
    Forgot to mention, had to hurry for the cheap bus today, as I couldn't find enough change for the expensive bus, however got there on time, and as I got on, the bus driver said, "it's free today - Happy Tuesday", was a good start to the morning, so I now know I have enough change for tomorrow's bus
    Always have 00.00 at the end of your mortgage balance and someday it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    o/p 2014/£4000, 2015/£6294.69 MFW2016 #27 £3101.03/£3000
    £1000/£1000 51.44/33.29=84.73
    • bexster1975
    • By bexster1975 11th Oct 16, 8:19 PM
    • 857 Posts
    • 4,425 Thanks
    bexster1975
    Free buses!?! Good grief! You can't live near here then!

    I would have known that sob was crying (where do they find these whippersnappers?!)

    Glad bus fare is sorted for tomorrow. Does that make today a NSD? Think we will need a tot up at the end of the month to see what we need to do in last 61 days of 2016

    Bexster
    • A Frayed Knot
    • By A Frayed Knot 11th Oct 16, 8:40 PM
    • 1,742 Posts
    • 7,989 Thanks
    A Frayed Knot
    Correct me if I'm wrong - your east coast, I'm west

    Every work day is a nsd - for the most anyway


    What !!! It's surely not 32 days since I read 100 days to Christmas, however, the nights are fair drawing in
    Always have 00.00 at the end of your mortgage balance and someday it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    o/p 2014/£4000, 2015/£6294.69 MFW2016 #27 £3101.03/£3000
    £1000/£1000 51.44/33.29=84.73
    • bexster1975
    • By bexster1975 11th Oct 16, 8:44 PM
    • 857 Posts
    • 4,425 Thanks
    bexster1975
    I'm pretty central actually.

    There is a couple of weeks until the 31st, but after that there will be 61 days left in 2016 ( 30 in Nov and 31 in December). I can't actually remember how many NSDs we said we would aim for.

    Bexster
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