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  • FIRST POST
    • chumpy45
    • By chumpy45 25th Sep 15, 4:02 PM
    • 221Posts
    • 848Thanks
    chumpy45
    Excited to try and be mortgage free
    • #1
    • 25th Sep 15, 4:02 PM
    Excited to try and be mortgage free 25th Sep 15 at 4:02 PM
    Hi all, have been really inspired reading all the posts on this mortgage free forum. Have got DH on board and we really want to try and clear the mortgage in two years. We currently have a property worth abouth £325,000 and an outstanding mortgage balance of £54,780.04 with 7yrs & 6 months left to go. Things are complicated at the moment as DH has been self-employed for the last 6 months which means we are struggling to remortgage. It seems we may have to wait another 6 months before we can reduce our current rate of 2.5% which is a shame and will impact on the overpayments. However, we are busily taking on board advice gained from many of the threads/posts on this forum. Really looking forward to getting stuck into money saving and overpaying and sharing our journey with all you inspirational people.
Page 11
    • Secret Saving Squirrel
    • By Secret Saving Squirrel 5th Oct 16, 8:31 PM
    • 3,669 Posts
    • 34,115 Thanks
    Secret Saving Squirrel
    It is a shame it didn't work out for DS3 but very wise to make the move swiftly. No point prolonging the agony. Good luck to you all xx
    Paid off mortgage nine years early in 2013. Now picking and choosing our work to fit in with the rest of our lives!
    Still thrifty though, after all these years
    • hiddenshadow
    • By hiddenshadow 6th Oct 16, 9:02 AM
    • 1,767 Posts
    • 7,999 Thanks
    hiddenshadow
    Paid the CC bill but money was sitting ready for transfer so that wasn't too painful and also earned Te*co clubcard points on the spending.
    Originally posted by chumpy45
    I love doing that. DH isn't quite so keen when we're at the vets and I'm paying with 4 different cards to max out rewards, but I also don't see him complaining about the cash back either!
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Dec '16 £119,900 (£6,628 offset)
    Payment 35/84 / 2016 MFW #56: £41,769/£43,000 97% / MFiT-T4 #15: £39,600/£90,000 44%
    • chumpy45
    • By chumpy45 6th Oct 16, 7:27 PM
    • 221 Posts
    • 848 Thanks
    chumpy45
    Thanks SSS for your kind words. Yes, it has been a difficult time and poor DS3 seems very fragile emotionally at the moment, but hopefully things are on the up now

    Haha Hiddenshadow, love the fact you use 4 different cards My DH is always laughing at my MSE ventures, but you are right, he is also happy to reap the rewards !! I am disappointed Te*co Boost has been cancelled as I normally get some main Christmas presents for the DSs from points accumulated over the year.

    NSD today as was teaching off our main site and took lunch and all refreshments with me. Just managed to avoid the chocolate that was calling my name from the vending machine at the end of the day. Friday tomorrow and my day off (although actually I just swap teaching work for house work !!).
    Starting Mortgage 01.08.08 £171,209.24. Mortgage as at 01.09.15 - £54,780.04; 01.11.15 £49,577.04;01.03.16 £45,799.32; 01.08.16 £42,418.93; 01.10.16 £40,119.52 MFW Target date Sept 2017;
    • chumpy45
    • By chumpy45 9th Oct 16, 12:10 PM
    • 221 Posts
    • 848 Thanks
    chumpy45
    Glorious sunny day, hoping to walk this pooch this afternoon through the woods. Up early (to do some marking ) and took the opportunity to put a beef curry in the slow cooker and prep all the veg for Sunday lunch. Curry will be frozen later and then used during the week. I am really getting into this batch cooking, its great to take something out of the freezer in the morning and be able to come home after work to a home made meal that just needs heating through. Really makes life easier. My mum and sister coming over today to share the roast pork (smelling yummy atm) so will be good to have a catch up. NSD yesterday, helped out at DS4s activity and was given a free coffee Don't anticipate any spend today so even better. Ironing is eyeing me up from the corner - I hope to conquer it before the end of the day. 27p TT as well this morning. CC all paid off - zero balance atm. All looking good so far, hoping we get under £40 by end of the year - should be doable
    Starting Mortgage 01.08.08 £171,209.24. Mortgage as at 01.09.15 - £54,780.04; 01.11.15 £49,577.04;01.03.16 £45,799.32; 01.08.16 £42,418.93; 01.10.16 £40,119.52 MFW Target date Sept 2017;
    • chumpy45
    • By chumpy45 9th Oct 16, 5:43 PM
    • 221 Posts
    • 848 Thanks
    chumpy45
    Haha just noticedin the my previous post, I said that we hoped to get under £40 by the end of the year. Meant to say, of course, that we hoped to get under £40K by the end of the year. That will still be a event, but £40 will require a whole new level of celebration
    Starting Mortgage 01.08.08 £171,209.24. Mortgage as at 01.09.15 - £54,780.04; 01.11.15 £49,577.04;01.03.16 £45,799.32; 01.08.16 £42,418.93; 01.10.16 £40,119.52 MFW Target date Sept 2017;
    • shangaijimmy
    • By shangaijimmy 10th Oct 16, 7:56 AM
    • 1,814 Posts
    • 7,525 Thanks
    shangaijimmy
    You'll have to pop that £40 into your target now though, so shall we say under £39, 940?
    MFW: Original June 2036 // Aim March 2025 - 21//120 payments // Avg Daily Interest £6.19
    Aug 2009: £163,051 // Aug 2012: £146,818 // Aug 2015: £131,010 Current: £113,533.22
    MFiT-T4 #8 - 17.63% of £41,000 // 2016 MFW #2 - £6,961.06/£7,200
    • chumpy45
    • By chumpy45 11th Oct 16, 9:43 PM
    • 221 Posts
    • 848 Thanks
    chumpy45
    Well SJ what can I say, will have to pick up the challenge !!

    NSD today and a TT of 12p. I'm afraid that's it on the money front but look after the pennies and all that ...
    Starting Mortgage 01.08.08 £171,209.24. Mortgage as at 01.09.15 - £54,780.04; 01.11.15 £49,577.04;01.03.16 £45,799.32; 01.08.16 £42,418.93; 01.10.16 £40,119.52 MFW Target date Sept 2017;
    • chumpy45
    • By chumpy45 13th Oct 16, 9:51 PM
    • 221 Posts
    • 848 Thanks
    chumpy45
    FD regular saver matured this week, so will be transferring to 123 acct as even despite the drop in interest rates this is still the best rate of our savings accounts at the moment. This will boost our emergency fund so that pot will be looking a lot healthier. Have some jobs ear marked on the house though, so may have a little tiny dip into that NSDs have meant no TTs which is great in some ways and a little disappointing in others. The TTs do keep you going mid month when not much else is happening money wise. Need to set up a new regular saver this weekend, and make extra OP to mortgage. Just sorting out exact amount. Keep on swimming, keep on swimming .........
    Starting Mortgage 01.08.08 £171,209.24. Mortgage as at 01.09.15 - £54,780.04; 01.11.15 £49,577.04;01.03.16 £45,799.32; 01.08.16 £42,418.93; 01.10.16 £40,119.52 MFW Target date Sept 2017;
    • chumpy45
    • By chumpy45 15th Oct 16, 8:13 PM
    • 221 Posts
    • 848 Thanks
    chumpy45
    Expensive car weekend. When having puncture fixed a couple of weeks ago, the garage advised the two front tyres also needed replacing. Then on Friday, I notice the back section of the exhaust was looking a little dodgy and this now also needs replacing The car budget will be seriously depleted, but thank heavens we had it in place. Mum's birthday tomorrow which I am really looking forward to. We have booked sunday lunch out which will be such a treat followed by cake and fizz back at our house. (Cue major housework session this morning, followed by major teaching preparation session this afternoon to get ahead a little - I love my "days off" ) A spendy weekend, but funds are in the "entertainment pot" and I am sharing the cost with my big sis And would never begrudge a penny spent on my lovely mum. Happy weekend everyone. Hope you are having better weather where you live - it is pouring down here
    Starting Mortgage 01.08.08 £171,209.24. Mortgage as at 01.09.15 - £54,780.04; 01.11.15 £49,577.04;01.03.16 £45,799.32; 01.08.16 £42,418.93; 01.10.16 £40,119.52 MFW Target date Sept 2017;
    • EatingTheElephant
    • By EatingTheElephant 16th Oct 16, 8:23 AM
    • 605 Posts
    • 2,918 Thanks
    EatingTheElephant
    Have a fantastic day celebrating your mum's birthday.
    • Moneyfordreams
    • By Moneyfordreams 16th Oct 16, 9:09 AM
    • 645 Posts
    • 3,043 Thanks
    Moneyfordreams
    Hope you all have a lovely day.
    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
    • chumpy45
    • By chumpy45 17th Oct 16, 9:38 PM
    • 221 Posts
    • 848 Thanks
    chumpy45
    Thanks so much for your lovely comments ETE and MFD. We had a great day and mum really enjoyed seeing all the family. Ages ranged from 84 yrs to 3 weeks so it was good fun. Crazy day at work, can't believe it is only Monday Just finished preparing for tomorrow. Thank heavens it is half term next week. Am starting to get sorted for Christmas now. Have collected various little bits and pieces on offer during the year and have all my money ready in its virtual pot. Just need to get organised now. Am planning a trip to Norwich to visit DS2 during half-term so will enjoy looking around the shops. A much bigger choice than where we live. Not much money news to report other than a 14p TT. Am looking forward to payday as will finally receive a "proper" month's salary including my claim only contract hours and some travel expenses. Might be a bumper month but only if it doesn't take me over the student loan threshold in which case I may be worse off
    Starting Mortgage 01.08.08 £171,209.24. Mortgage as at 01.09.15 - £54,780.04; 01.11.15 £49,577.04;01.03.16 £45,799.32; 01.08.16 £42,418.93; 01.10.16 £40,119.52 MFW Target date Sept 2017;
    • chumpy45
    • By chumpy45 19th Oct 16, 4:49 PM
    • 221 Posts
    • 848 Thanks
    chumpy45
    Just made OP and balance now standing at £40,119.52 so close to the £30s. Daily interest down to £2.59 although that didn't reflect today's payment so should be a little lower than that tomorrow. Its creeping down bit by bit All those TTs, TCBs and frugal savings really to make a difference. Yes, I am obsessed with bargains, vouchers, deals, turning off lights and turning off heating, but do I care? No definitely not because I will be the one laughing manically when I am MF and can make lifestyle choices
    Starting Mortgage 01.08.08 £171,209.24. Mortgage as at 01.09.15 - £54,780.04; 01.11.15 £49,577.04;01.03.16 £45,799.32; 01.08.16 £42,418.93; 01.10.16 £40,119.52 MFW Target date Sept 2017;
    • Secret Saving Squirrel
    • By Secret Saving Squirrel 19th Oct 16, 5:50 PM
    • 3,669 Posts
    • 34,115 Thanks
    Secret Saving Squirrel
    Yes, you will! It is amazing how all those savings add up. Glad mum's party went well. X
    Paid off mortgage nine years early in 2013. Now picking and choosing our work to fit in with the rest of our lives!
    Still thrifty though, after all these years
    • hiddenshadow
    • By hiddenshadow 19th Oct 16, 9:13 PM
    • 1,767 Posts
    • 7,999 Thanks
    hiddenshadow
    Woo, so close to 30s!

    I don't understand leaving lights on, to be honest. It really bugs me, even now when we're technically getting electricity for free from our supplier. It's just wasteful, IMO.
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Dec '16 £119,900 (£6,628 offset)
    Payment 35/84 / 2016 MFW #56: £41,769/£43,000 97% / MFiT-T4 #15: £39,600/£90,000 44%
    • chumpy45
    • By chumpy45 26th Oct 16, 5:26 PM
    • 221 Posts
    • 848 Thanks
    chumpy45
    Thanks SSS and HiddenShadow. It's getting exciting now. Have been MIA due to contracting some sort of lurgy typically just as half term started. This is my first day up since Friday and I have jelly legs and feel like a limp lettuce leaf (as my mum would say). No exciting money news, apart from the fact that being in bed means deffo no spending on my part. Sadly can't quite say the same for DH who has made numerous trips to the supermarket taking no notice of my meal plan as he took on the role of nurse, cook and bottle washer May need to review this week's food budget ..........
    Starting Mortgage 01.08.08 £171,209.24. Mortgage as at 01.09.15 - £54,780.04; 01.11.15 £49,577.04;01.03.16 £45,799.32; 01.08.16 £42,418.93; 01.10.16 £40,119.52 MFW Target date Sept 2017;
    • Secret Saving Squirrel
    • By Secret Saving Squirrel 27th Oct 16, 8:03 AM
    • 3,669 Posts
    • 34,115 Thanks
    Secret Saving Squirrel
    Oh dear. Glad you are feeling better now.
    Paid off mortgage nine years early in 2013. Now picking and choosing our work to fit in with the rest of our lives!
    Still thrifty though, after all these years
    • chumpy45
    • By chumpy45 6th Nov 16, 9:35 PM
    • 221 Posts
    • 848 Thanks
    chumpy45
    Oops have neglected my diary and been MIA following my strange illness that appeared from nowhere and wiped me out, following by leaping straight back into teaching after half-term. it has been crazy. Have sorted the First Direct regular saver and transferred to Santander for now. New regular saver started, bit disappointed that it has dipped to 5%, used to be 8% when we first took one out. Energy transfer has gone through very smoothly - just waiting for £55 to be refunded from EON. Monthly DD reduced by £15 which is not to be sniffed at as we head towards winter. Have completed various bits and pieces of christmas shopping and feeling quite pleased with myself. Everything has been achieved via TCB or in a bargainous way and the money is all saved up waiting for me. Strangely even though the money is there it still seems wrong to be spending it - this MSE way of life certainly has an impact. I just don't want to be buying stuff and have changed the types of gifts I buy to reflect that. Well, sadly the weekend is over. Off to pack my work bag and get ready to face Monday
    Starting Mortgage 01.08.08 £171,209.24. Mortgage as at 01.09.15 - £54,780.04; 01.11.15 £49,577.04;01.03.16 £45,799.32; 01.08.16 £42,418.93; 01.10.16 £40,119.52 MFW Target date Sept 2017;
    • chumpy45
    • By chumpy45 9th Nov 16, 9:15 PM
    • 221 Posts
    • 848 Thanks
    chumpy45
    How can it be Wednesday night already? This week is whizzing by. Have lost 4 hours of teaching per week since half term as two groups had to be merged. It makes me so cross the way hours can be whisked away without an apology or explanation, but you are expected to leap into action as soon as something else needs to be covered. Anyway rant over, I shouldn't really be surprised, it happens every year. Currently investigating a new mortgage rate with FD. OH should have have sufficient self employed records for them to consider him. We are currently on a 2.25% interest rate but it would be great to snaffle a 1.8 or less. Fingers crossed.
    Starting Mortgage 01.08.08 £171,209.24. Mortgage as at 01.09.15 - £54,780.04; 01.11.15 £49,577.04;01.03.16 £45,799.32; 01.08.16 £42,418.93; 01.10.16 £40,119.52 MFW Target date Sept 2017;
    • chumpy45
    • By chumpy45 12th Nov 16, 10:30 AM
    • 221 Posts
    • 848 Thanks
    chumpy45
    boo to FD who still won't authorise us for a mortgage with them due to OH's self-employed status. We have been customers with them for ever and it is clear OH earns far more than is required to authorise the amount of the mortgage. Even my part time salary was almost enough to cover it but they wouldn't budge. We have to wait until May next year when the two years will be up. Oh well, we tried - it is just disappointing not to be able to take advantage of these low rates On a brighter note am cracking on with the Christmas shopping and little parcels are turning up with the postman. Will be making the christmas cake with mum on Sunday and am also going to try my hand at pickled red cabbage for the first time. Mum is an expert so she will be guiding me Anticipating a NSD today. Was hoping to do some tidying up in the garden but looking out of the window at the pouring rain I doubt whether this will happen. Even the dog has retreated back to his bed. He is very happy this weekend as his "cone of shame" has been taken off, so he is very skitty Happy weekend and NSDs everyone.
    Starting Mortgage 01.08.08 £171,209.24. Mortgage as at 01.09.15 - £54,780.04; 01.11.15 £49,577.04;01.03.16 £45,799.32; 01.08.16 £42,418.93; 01.10.16 £40,119.52 MFW Target date Sept 2017;
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