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  • FIRST POST
    • Skinnylatte
    • By Skinnylatte 1st Jan 16, 5:27 PM
    • 1,023Posts
    • 4,217Thanks
    Skinnylatte
    Skinny Latte's Mortgage Mugging
    • #1
    • 1st Jan 16, 5:27 PM
    Skinny Latte's Mortgage Mugging 1st Jan 16 at 5:27 PM
    Wow this is a bit scary, leaving my safe little diary on the debt free wannabe board and starting a brand new sparkly diary here. It's like getting rid of an old teddy

    So here I am a MFW, ready to take on my mortgage and use any means possible, mainly legal, to get rid of it as soon as possible. So a few facts

    My Mortgage
    £133,895
    17 years and 5 months left to pay
    Interest is 2.49% interest only.

    About me
    Fairly good job, single, 2 kids aged 17 &18 one is in full time education and the other about to start a full time job.
    I have a couple of additional forms of income, a youtube channel, a information 'adsense' website and a drop shipping website. These pay for my car and mobile phone at the moment, if I dedicated a bit more time and energy to them they might pay for a lot more...!

    I would be delighted to be rid of this mortgage in 10 years, when the world will become my lobster - lets see what's possible
    Last edited by Skinnylatte; 01-01-2016 at 8:07 PM.
    Mortgage @ 12/04/2015 £136121 £130,178.90 4.37%
    Mortgage free day April 2033
    Emergency Pot £2250/£6000 36.7%
    CC Balance
    £5,221.67 0% Aug 2017...Planned expense for home improvements
    LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


Page 9
    • safehouse
    • By safehouse 25th Aug 16, 3:01 PM
    • 589 Posts
    • 1,478 Thanks
    safehouse
    Wonderful news ....Well Done Skinny Xx
    • Pearla*Merle
    • By Pearla*Merle 25th Aug 16, 9:50 PM
    • 1,481 Posts
    • 8,553 Thanks
    Pearla*Merle
    Yay, congrats!
    a penny picker upper. every penny's a prisoner!
    £26.65 til OnePoll payout! Round six! | Save £1,001/£15,000
    Normality is a paved road; it's comfortable to walk, but no flowers grow on it.
    Whatever you're meant to do, do it now. The conditions are always impossible.
    The only thing you absolutely have to know, is the location of the library.
    • EatingTheElephant
    • By EatingTheElephant 26th Aug 16, 7:14 AM
    • 496 Posts
    • 2,355 Thanks
    EatingTheElephant
    Congratulations
    • A Frayed Knot
    • By A Frayed Knot 26th Aug 16, 7:19 AM
    • 1,589 Posts
    • 7,208 Thanks
    A Frayed Knot
    Nice to read some lovely news.

    Well done
    Always have 00.00 at the end of your mortgage balance and someday it will all be 0's
    MF Original date March 30 Remortgage Oct 23 Target -Dec 19
    o/p 2014/£4000, 2015/£6294.69 MFW2016 #27 £3033.31/£3000, MFiT T4 .#5
    New Target for o/p £720.39/£1000 by 31.12.16
    • dawnybabes
    • By dawnybabes 26th Aug 16, 10:39 PM
    • 1,542 Posts
    • 3,617 Thanks
    dawnybabes
    Fantastic news x
    Sealed pot challenge 822

    Jan - £176.66
    • greent
    • By greent 27th Aug 16, 4:35 PM
    • 5,028 Posts
    • 50,093 Thanks
    greent
    Gosh I'm just reading your footer, what an impressive mortgage journy you must have had!
    Originally posted by Skinnylatte
    It was tough at times but am glad it's over - I miss the focus of trying to be MF though!

    Ooooooh my goodness I got the job, I just got a 25% pay increase
    Originally posted by Skinnylatte


    Fantastic news - well done you!!! Amazing pay rise
    xx
    Repaid mortgage early (originally 11/25) Bal 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    Net sales in 2016 £478.02/£500
    Sept grocery spends ??/ £350 NSDs 6/7
    • Skinnylatte
    • By Skinnylatte 30th Aug 16, 8:12 PM
    • 1,023 Posts
    • 4,217 Thanks
    Skinnylatte
    Thank you all for your warm wishes. It's taken a few days but the news is sinking in. Ive told my boss and my notice is going in tomorrow, I have to give 2 months unfortunately, but never mind. The pension is only half as good, and I have to pay all my expenses up front and then claim them back, but these are small things that are far outweighed by the rise.
    The job is homebased, so I need to get in touch with my accountant to see what tax breaks there might be for that, and of course there's no commute , there will be a fair bit of travel but that I'm used to.
    and I also need to look for a good cash back credit card to use for the expenses.
    More later xx
    Mortgage @ 12/04/2015 £136121 £130,178.90 4.37%
    Mortgage free day April 2033
    Emergency Pot £2250/£6000 36.7%
    CC Balance
    £5,221.67 0% Aug 2017...Planned expense for home improvements
    LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • hiddenshadow
    • By hiddenshadow 31st Aug 16, 11:44 AM
    • 1,624 Posts
    • 7,392 Thanks
    hiddenshadow
    Sounds very nice. Perhaps make up the difference in pension from the pay rise?
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Sept '16 £132,999 (£5,093 offset)
    Payment 32/84 / 2016 MFW #56: £28,668/£30,000 95% / MFiT-T4 #15: £26,500/£90,000 29%
    • Cariad71
    • By Cariad71 31st Aug 16, 9:14 PM
    • 122 Posts
    • 118 Thanks
    Cariad71
    Hi Skinnylatte,


    Just a quickie to say I've read your diary and I'm subscribing
    Starting balance £173,000 (Sept 2012) interest only so if we do nothing We will owe this at the end of the term😁😁
    Balance as of Sept 2014 £165,803
    Balance as of Feb 2015 £163,360
    Balance end of July 2015 £159,050
    Balance as of Sept 2016 £145,400:
    • Skinnylatte
    • By Skinnylatte 11th Sep 16, 8:42 AM
    • 1,023 Posts
    • 4,217 Thanks
    Skinnylatte
    Phew, well been bit of whirlwind couple of weeks. I've managed to negotiate a months notice, which means I'm leaving on 30th Sept. I am taking a week off which is not all frugal as I won't get paid for 10 days. However I'm going to make sure that I work on my other businesses for a week and get them into good shape. Because of the pay rise I'm getting I shouldn't be too much worse off.
    Life feels very 'out of control' right now. Like I need to rein everything in, write it all down and ground myself.
    Financially I'm just treading water
    I pledge to redo my soa and write in here more
    Mortgage @ 12/04/2015 £136121 £130,178.90 4.37%
    Mortgage free day April 2033
    Emergency Pot £2250/£6000 36.7%
    CC Balance
    £5,221.67 0% Aug 2017...Planned expense for home improvements
    LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Skinnylatte
    • By Skinnylatte 13th Sep 16, 11:19 PM
    • 1,023 Posts
    • 4,217 Thanks
    Skinnylatte
    Checked my mortgage numbers today and updated the old signature. Nearly 5% gone, but it needs to be going faster than that

    Took DS for his 2nd interview today for the royal marines, he has to go back in 6 weeks when he's bit fitter, they've given him a training plan.

    Bought my brothers birthday pressy through TCB today and made a whole 58p, also found 1p in the carpark, I have put it in my offset account, every little helps
    Mortgage @ 12/04/2015 £136121 £130,178.90 4.37%
    Mortgage free day April 2033
    Emergency Pot £2250/£6000 36.7%
    CC Balance
    £5,221.67 0% Aug 2017...Planned expense for home improvements
    LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Skinnylatte
    • By Skinnylatte 18th Sep 16, 8:09 PM
    • 1,023 Posts
    • 4,217 Thanks
    Skinnylatte
    Hi Skinnylatte,


    Just a quickie to say I've read your diary and I'm subscribing
    Originally posted by Cariad71
    Welcome Cariad, do you have diary?
    Mortgage @ 12/04/2015 £136121 £130,178.90 4.37%
    Mortgage free day April 2033
    Emergency Pot £2250/£6000 36.7%
    CC Balance
    £5,221.67 0% Aug 2017...Planned expense for home improvements
    LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Skinnylatte
    • By Skinnylatte 18th Sep 16, 8:21 PM
    • 1,023 Posts
    • 4,217 Thanks
    Skinnylatte
    a suceessful weekend. I Finlly got back the £110 that DD owed me, which reminds me that DS also owes me £20.

    I had some fab charity shop bargains, that should see me through the winter. Sold foot pump on FB for £3 and paid it into the offset account.

    I thinking of giving up drink to Xmas hols, I'm not certainly ssaying I am as thats long time for me, lets see how I get on. I drink about 3 bottles of wine a week, so for each less I will put an extra £5 into the offset account.

    I'm going to have halloween party, which is going to give me a deadline to sort the garden, I need to find a joiner to fix my decking first. It would be good to do that before the poor weather sets in and I get busy with my new job.

    I'm loving this working mmy notice, only 2 weeks to go now, and I've not got much left to hand over really, so just enjoying the break.

    BF is away right now, on motorcycling holiday with some friends, missing him like mad, but it's given me some 'me time', sorted out my wardrobe and did charity shop run. also managed 24 mile bike ride with new friend including tea and cake.

    Now need to spend some time thinking about pensions
    Mortgage @ 12/04/2015 £136121 £130,178.90 4.37%
    Mortgage free day April 2033
    Emergency Pot £2250/£6000 36.7%
    CC Balance
    £5,221.67 0% Aug 2017...Planned expense for home improvements
    LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Skinnylatte
    • By Skinnylatte 22nd Sep 16, 11:07 AM
    • 1,023 Posts
    • 4,217 Thanks
    Skinnylatte
    Working from home today so £8 saved and paid into the offfset account, I will do the same tomorrow. There doesn't seem any point in going into work now as only 1 week and 2 days left, and most of my stuff is now being looked after by some-one else (who is also leaving...go figure lol). I'm making the odd appearance to save face, no-one seems that bothered .

    Still haven't had drink for 5 days now, so hopefully some extra payments to go into offset at the end of this week. Off set account is currenty at £2253, and my next mortgage payment should see that balance below £130k, still seems an insurmountble stack of debt However been having fun with the overpayment calculator and mortgage free by 55 could be possible if I make good use of the 25% tax free pension plus put £220 in the offset each month (oh and if interest rates don't change)
    Last edited by Skinnylatte; 25-09-2016 at 8:52 PM.
    Mortgage @ 12/04/2015 £136121 £130,178.90 4.37%
    Mortgage free day April 2033
    Emergency Pot £2250/£6000 36.7%
    CC Balance
    £5,221.67 0% Aug 2017...Planned expense for home improvements
    LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Skinnylatte
    • By Skinnylatte 25th Sep 16, 9:00 PM
    • 1,023 Posts
    • 4,217 Thanks
    Skinnylatte
    Another £8 saved, working from home Friday and only 1 bottle of cava purchased (ony drunk half of it too) so another £18 into the offset account this evening.
    Cycled 30 miles today with a new ladies group, it was good to be out again, cycling has been neglected this summer really, other things on my mind
    Last week at work, oh and my boss resigned last Friday to, which made me chuckle just a little.

    RANT Warning....
    Why are my kids such messy inconsiderate people. Treat the house like a hotel, never pick anything up, never tell me where they're going or when they'll be back. How do I get them to move out???
    Mortgage @ 12/04/2015 £136121 £130,178.90 4.37%
    Mortgage free day April 2033
    Emergency Pot £2250/£6000 36.7%
    CC Balance
    £5,221.67 0% Aug 2017...Planned expense for home improvements
    LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • rasputin_thorpedo
    • By rasputin_thorpedo 25th Sep 16, 9:31 PM
    • 290 Posts
    • 1,606 Thanks
    rasputin_thorpedo
    Wheyyy, fellow cyclist. What part of the world are you in?
    May15 Mortgage - £185k | Dec16 - £162k | Dec17 - £142k | Dec18 - £120k | Dec19 - £97k | Dec20 - £73k | Dec21 - £46k | Dec22 - 18k | May23 - £0 Mortgage Free at 40 in May23!
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