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  • FIRST POST
    • A Frayed Knot
    • By A Frayed Knot 8th Jun 15, 11:34 PM
    • 2,128Posts
    • 9,575Thanks
    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.

    My Motivation Madness;
    I have a simple method to keep me motivated, only thing is to explain I make it sound complicated and only works if you have a sub account as well, but you could adjust to suit yourself.
    • "Always have 0.00 at the end of your mortgage"
    • This way the least/most you will pay is 9p or 9.99
    • On flush days you could go for 00.00 at the end or even 000.00
    I know, I know, I need to get out more Good Luck whatever you decide.
    Last edited by A Frayed Knot; 20-02-2017 at 12:01 PM.
Page 63
    • shangaijimmy
    • By shangaijimmy 6th Jul 17, 9:01 PM
    • 2,227 Posts
    • 10,251 Thanks
    shangaijimmy
    Small confession to make. Our bag of eBay staff is still glaring at me from the corner of the living room...it'll be three weeks this Saturday with no new listings!
    MFW: Turning June 2036 into March 2023... 32//120 Payments Challenge, Diary Reduction £34,271.00
    Aug 2009: £163,051 // Current: £101,729.00 // Avg Daily Interest £4.57
    MFiT-T4 #8 - 56.74% of £41,000
    • A Frayed Knot
    • By A Frayed Knot 6th Jul 17, 9:12 PM
    • 2,128 Posts
    • 9,575 Thanks
    A Frayed Knot
    I finish for my long holiday tomorrow. AFK, if you are wanting an " organising buddy" I am happy to share the journey in a few weeks as I have lots to organise this summer. My list is long, but very do-able across a good few weeks.

    Bexster
    Originally posted by bexster1975
    Oh, rub it in, why don't you

    Your on, Love this

    This will make me DO instead of

    Off to start, yet another list . . . just remember I'm working full time, whilst trying to -

    Organise, me, work, paperwork, life, house, garden etc, etc
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £2422.71 + Phantom o/ps 2017 -£1367.81 so far
    • A Frayed Knot
    • By A Frayed Knot 6th Jul 17, 9:20 PM
    • 2,128 Posts
    • 9,575 Thanks
    A Frayed Knot
    Small confession to make. Our bag of eBay staff is still glaring at me from the corner of the living room...it'll be three weeks this Saturday with no new listings!
    Originally posted by shangaijimmy

    That's no way to treat eBay staff no wonder they are glaring at you

    Get them listed, you never know . . . . .
    Last edited by A Frayed Knot; 07-07-2017 at 7:12 AM.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £2422.71 + Phantom o/ps 2017 -£1367.81 so far
    • bexster1975
    • By bexster1975 7th Jul 17, 6:41 AM
    • 1,053 Posts
    • 4,843 Thanks
    bexster1975
    You can have a two week head start. Can't say fairer than that!

    Ready...... Steady.......GO!

    Bexster.
    • A Frayed Knot
    • By A Frayed Knot 7th Jul 17, 7:09 AM
    • 2,128 Posts
    • 9,575 Thanks
    A Frayed Knot
    One week on since payday and have managed to keep spends under £15 for everything (excluding bills & eBay postage). Not sure what the following weeks will be though.

    And since new bank account is open, and they "lost" my application for a switch, was disappointed I was losing interest for a week, so decided late last night to transfer a lump sum over, now earning interest on their limit could have done that last week when account opened, just didn't think

    There is always a way
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £2422.71 + Phantom o/ps 2017 -£1367.81 so far
    • A Frayed Knot
    • By A Frayed Knot 8th Jul 17, 2:18 PM
    • 2,128 Posts
    • 9,575 Thanks
    A Frayed Knot
    I've got pen and paper at the ready, going about the house/garden and if I see any jobs needing done/I want done, then they go on my list, along with any, that pop into my head. Can see I'm going to be very, very busy the next couple of months.

    3rd washing on, 2 out along with my Hungarian Goose feather quilt which is being aired.

    I am going to attempt to list 71 items over this weekend and came across quite by accident, a new way to list (to me, anyway) All because my brother has the usb charger incorporated in his plugs Hope it works out, fingers crossed.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £2422.71 + Phantom o/ps 2017 -£1367.81 so far
    • tattycath
    • By tattycath 8th Jul 17, 6:21 PM
    • 6,803 Posts
    • 35,746 Thanks
    tattycath
    I've got pen and paper at the ready, going about the house/garden and if I see any jobs needing done/I want done, then they go on my list, along with any, that pop into my head. Can see I'm going to be very, very busy the next couple of months.

    3rd washing on, 2 out along with my Hungarian Goose feather quilt which is being aired.

    I am going to attempt to list 71 items over this weekend and came across quite by accident, a new way to list (to me, anyway) All because my brother has the usb charger incorporated in his plugs Hope it works out, fingers crossed.
    Originally posted by A Frayed Knot
    Hi AFK. I need to write a list of all the jobs I need/would like doing-of which there are many. I was only thinking about this earlier today.

    I managed one load of washing out and dried and back in today. Wash basket is empty.

    Good luck with the listing this weekend. I have made a tentative start this weekend.
    I would be keen to know your new way of listing-if you find it quicker/more efficient than your previous method.
    Fingers crossed for you.
    GE 36 *MFD
    MFIT-T4 No 106
    Mortgage overpayments: August: £203.90
    July : £5.05/£200 grocery 1/7/17 £98.36/£150
    Emergency savings £67.00/£2000
    Savercard Christmas savings £60
    12/3/17 175lb - 15/3/17 173lb - 28/6/17 167lb - 14/7/17 164lb - 12/9/17 160lb
    • A Frayed Knot
    • By A Frayed Knot 8th Jul 17, 10:47 PM
    • 2,128 Posts
    • 9,575 Thanks
    A Frayed Knot
    16 items listed so far, so not much as I hoped, however always tomorrow.

    Been a nice day today, and now darkness is falling,
    I have to comment on the lovely bright full moon.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £2422.71 + Phantom o/ps 2017 -£1367.81 so far
    • shangaijimmy
    • By shangaijimmy 9th Jul 17, 9:53 PM
    • 2,227 Posts
    • 10,251 Thanks
    shangaijimmy
    16 new listings...you well and truly beat me as I made none! 6 items did sell though which I'm happy with!
    MFW: Turning June 2036 into March 2023... 32//120 Payments Challenge, Diary Reduction £34,271.00
    Aug 2009: £163,051 // Current: £101,729.00 // Avg Daily Interest £4.57
    MFiT-T4 #8 - 56.74% of £41,000
    • A Frayed Knot
    • By A Frayed Knot 10th Jul 17, 12:09 AM
    • 2,128 Posts
    • 9,575 Thanks
    A Frayed Knot
    Managed 38 items listed and 4 sold over the weekend, that's roughly half my target and 20 sold this month, better than nowt.

    Spendy day yesterday and today, but still under £15 total for the two days, all that included a 2 course meal out, drinks for 4 and afternoon tea for 2, so got a lot for my money, can't complain.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £2422.71 + Phantom o/ps 2017 -£1367.81 so far
    • A Frayed Knot
    • By A Frayed Knot 10th Jul 17, 9:47 PM
    • 2,128 Posts
    • 9,575 Thanks
    A Frayed Knot
    A nsd today, and have just claimed for two surveys completed (that I forgot about) that along with my incentive from bank account, all paid to phantom account.

    Another 6 items listed and 1 sold today (so far).

    Lots still to list - keep plodding on.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £2422.71 + Phantom o/ps 2017 -£1367.81 so far
    • A Frayed Knot
    • By A Frayed Knot 12th Jul 17, 12:08 AM
    • 2,128 Posts
    • 9,575 Thanks
    A Frayed Knot
    Spendy day - £1.45 for lunch, not too bad. Apart from that, considered cutting the grass tonight, but still extremely tired, so put it down to another night eBay listing.

    19 items listed - 2 already sold.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £2422.71 + Phantom o/ps 2017 -£1367.81 so far
    • A Frayed Knot
    • By A Frayed Knot 16th Jul 17, 10:49 AM
    • 2,128 Posts
    • 9,575 Thanks
    A Frayed Knot
    Another no spend weekend - so far, and shopping last week was less than £10 bought some shopping to make salads should have bought ingredients to make soup, felt like winter here, and yesterday was almost none stop rain. Although managed to resist putting on the heating.

    Still feel a little snowed under with the listing, but making headway.

    Definitely, definitely making my lemon coconut slices as we have a pot luck lunch for someone who is leaving work this week, may even manage a clootie dumpling (the lazy version )

    Anyway back to listing on my beloved Chromebook
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £2422.71 + Phantom o/ps 2017 -£1367.81 so far
    • tattycath
    • By tattycath 16th Jul 17, 1:37 PM
    • 6,803 Posts
    • 35,746 Thanks
    tattycath
    Another no spend weekend - so far, and shopping last week was less than £10 bought some shopping to make salads should have bought ingredients to make soup, felt like winter here, and yesterday was almost none stop rain. Although managed to resist putting on the heating.

    Still feel a little snowed under with the listing, but making headway.

    Definitely, definitely making my lemon coconut slices as we have a pot luck lunch for someone who is leaving work this week, may even manage a clootie dumpling (the lazy version )

    Anyway back to listing on my beloved Chromebook
    Originally posted by A Frayed Knot
    Well done with the no spend weekend. I managed a no spend Saturday but I have spent just over £33 today on groceries and cat litter. We did get some yellow stickered stuff too, so that should do us a few meals.
    Would love the recipe for the lemon coconut slices, they sound lush.
    Please excuse my ignorance...what's a clootie dumpling please? Never heard of it.
    GE 36 *MFD
    MFIT-T4 No 106
    Mortgage overpayments: August: £203.90
    July : £5.05/£200 grocery 1/7/17 £98.36/£150
    Emergency savings £67.00/£2000
    Savercard Christmas savings £60
    12/3/17 175lb - 15/3/17 173lb - 28/6/17 167lb - 14/7/17 164lb - 12/9/17 160lb
    • A Frayed Knot
    • By A Frayed Knot 16th Jul 17, 3:10 PM
    • 2,128 Posts
    • 9,575 Thanks
    A Frayed Knot
    You done well to get Yellow labels at this time of day, I have to wait until shop is nearly closing.

    Ah, someone else with a sweet tooth http://www.exclusivelyfood.com.au/2006/11/lemon-coconut-slice-recipe.html

    Clootie dumpling - normally made at Christmas or in our house - birthdays as well, fruit, spices, treacle etc -Yum. Have my grannies recipe but since that one takes hours, have tried the microwave one -
    http://allrecipes.co.uk/recipe/5184/scottish-dumpling.aspx

    Enjoy - let me know, how you get on - I'll pop round for a slice and a cuppa.

    Still busy listing - nearly into the 3 figures now and have sold 4 items today !!!
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £2422.71 + Phantom o/ps 2017 -£1367.81 so far
    • mrsp1987
    • By mrsp1987 16th Jul 17, 5:55 PM
    • 811 Posts
    • 3,920 Thanks
    mrsp1987
    I remember clootie dumplings from GBBO!
    Mortgage April 2011: £108,499 30 yr term Current Mortgage £91,084.44 20 yrs left
    MFiT T4 #67 - Reduce mortgage from £99,310.76 to £80,000
    • A Frayed Knot
    • By A Frayed Knot 16th Jul 17, 7:04 PM
    • 2,128 Posts
    • 9,575 Thanks
    A Frayed Knot
    Ermmm - GBBO ??
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £2422.71 + Phantom o/ps 2017 -£1367.81 so far
    • tattycath
    • By tattycath 16th Jul 17, 9:24 PM
    • 6,803 Posts
    • 35,746 Thanks
    tattycath
    Ermmm - GBBO ??
    Originally posted by A Frayed Knot
    Great British Bake Off perhaps?
    GE 36 *MFD
    MFIT-T4 No 106
    Mortgage overpayments: August: £203.90
    July : £5.05/£200 grocery 1/7/17 £98.36/£150
    Emergency savings £67.00/£2000
    Savercard Christmas savings £60
    12/3/17 175lb - 15/3/17 173lb - 28/6/17 167lb - 14/7/17 164lb - 12/9/17 160lb
    • Kittenkirst
    • By Kittenkirst 16th Jul 17, 9:27 PM
    • 1,608 Posts
    • 8,372 Thanks
    Kittenkirst
    Another no spend weekend - so far, and shopping last week was less than £10 bought some shopping to make salads should have bought ingredients to make soup, felt like winter here, and yesterday was almost none stop rain. Although managed to resist putting on the heating.

    Still feel a little snowed under with the listing, but making headway.

    Definitely, definitely making my lemon coconut slices as we have a pot luck lunch for someone who is leaving work this week, may even manage a clootie dumpling (the lazy version )

    Anyway back to listing on my beloved Chromebook
    Originally posted by A Frayed Knot
    Can you please share your clootie dumpling recipe AFK; my auntie (who sadly passed away a year ago) used to make me this as a kiddie. I loved it sliced and fried with my Scottish brekkie

    Ohhh I got so excited when I saw you mention the dumpling I didn't read the subsequent posts! Off to read the recipe now
    2017 MFW #20 - OP £2151.52: £2150 100%
    Last 3 months- Sep £206.32 Oct: £179.60 Nov: £12.58

    Emergency fund £3945/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • A Frayed Knot
    • By A Frayed Knot 16th Jul 17, 11:18 PM
    • 2,128 Posts
    • 9,575 Thanks
    A Frayed Knot
    Great British Bake Off perhaps?
    Originally posted by tattycath
    What a dumpling - How did I not know that ? I've only got the Bake Off Badge !!!

    Can you please share your clootie dumpling recipe AFK; my auntie (who sadly passed away a year ago) used to make me this as a kiddie. I loved it sliced and fried with my Scottish brekkie

    Ohhh I got so excited when I saw you mention the dumpling I didn't read the subsequent posts! Off to read the recipe now
    Originally posted by Kittenkirst
    I did love making my gran's clootie dumpling taking hours over it, but tried the micro version, which turned out exceptional, the only thing is you don't get the same skin on it, I added some treacle though the next time I made it, couldn't tell the difference.

    Please let me know how you get on if you decide to make it.

    Been parcelling up tonight, and have just remembered that the PO may be closed tomorrow since its a local holiday, not for me though - no rest for the wicked, as they say. 10 parcels to post
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £2422.71 + Phantom o/ps 2017 -£1367.81 so far
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