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  • FIRST POST
    • Kittenkirst
    • By Kittenkirst 5th Feb 16, 10:35 AM
    • 1,635Posts
    • 8,524Thanks
    Kittenkirst
    Getting a mortgage and then becoming mortgage-free!
    • #1
    • 5th Feb 16, 10:35 AM
    Getting a mortgage and then becoming mortgage-free! 5th Feb 16 at 10:35 AM
    Hi all!
    So from my title you may have guessed I don't yet have a mortgage, however I am hoping that will all change within the next few weeks.
    I will then start on overpaying the mortgage and really penny pinching to try and reduce it down as much as possible!

    I'm hoping this is alright to start my diary in here? :-)

    The story so far, my lovely girlfriend and I have been discussing getting a place together for some time. We started looking at houses (al very small and far from her parents- which is a no-no, we want to be close to them to visit regularly). Last weekend we went to see a new build development and fell in love with a house- less than 2 miles from her parents, perfect size for the two of us and within our budget (from getting mortgage in principle information and confirming monthly payments were well within our budgets).

    Sooooo we took her parents round for their seal of approval, spoke with an agent we know through the family about pertinent questions to ask, did lots of number crunching and then placed a reservation.....

    ....so we've now got paperwork from solicitors re the conveyancing etc and paperwork from the mortgage advisors to sort out this weekend.
    We have re-jogged our budget to ensure we had the deposit in savings by end of Feb (we thought we'd have a few months before we found anywhere) so are ready to almost hand over £18500 :O

    I have agreed to move into her parents house and pay rent in mid March to prevent paying rent, bills and food (will save an extra £500 a month) so we should be in a good position for when the house is ready September/October time!

    Does anyone have any hints or tips so far?

    Our brokers/solicitors are ones recommended by family who've used them and really recommend them and we've sense checked the rates the solicitors charge to ensure its competitive.
    2017 MFW #20 - OP £2348.20/ £2150 106%. New target £2500 93.9%
    Last 3 months- Oct: £179.60 Nov: £160.33 Dec: £52.33

    Emergency fund £4K/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
Page 3
    • Kittenkirst
    • By Kittenkirst 8th Mar 16, 9:57 PM
    • 1,635 Posts
    • 8,524 Thanks
    Kittenkirst
    So silversmithing class didn't happen as I was still logged on and working until late, didn't realize the time and then it was too late to go :-(

    Positive side is other than the post office trip today was a no spend day. I count the post office as still no spend as it is pre paid but the buyers from EBay! :-D

    Tomorrow is a new day, nice early 10pm bedtime for me tonight and hopefully tomorrow will be a better time!
    2017 MFW #20 - OP £2348.20/ £2150 106%. New target £2500 93.9%
    Last 3 months- Oct: £179.60 Nov: £160.33 Dec: £52.33

    Emergency fund £4K/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • Kittenkirst
    • By Kittenkirst 10th Mar 16, 7:47 AM
    • 1,635 Posts
    • 8,524 Thanks
    Kittenkirst
    Today woken up to an email that the bank want lots more paperwork so lots of faffing to be done today & tomorrow to get it all sorted. Sigh, this does take a while huh!

    Yesterday was a much better day and bought dinner for round my friends- used my sainsburys vouchers from work and tried not to go overboard with the food- spent £6.40 for dinner and dessert with some snacks (not really frugal but better than takeout!)

    The gf's parents Post office opens today so should be a busy fun day ahead!

    Payday is on Tuesday for me so trying to brave it out until then with no spends.....!!

    Have lovely days all!
    2017 MFW #20 - OP £2348.20/ £2150 106%. New target £2500 93.9%
    Last 3 months- Oct: £179.60 Nov: £160.33 Dec: £52.33

    Emergency fund £4K/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • Kittenkirst
    • By Kittenkirst 13th Mar 16, 5:22 PM
    • 1,635 Posts
    • 8,524 Thanks
    Kittenkirst
    Hey all, hope you are all having lovely weekends!

    So yesterday was meant to be a bit of a chill day however I ended up helping in the post office, popping to the bank (to change my address), nipping to b&q for home brochures for the new house and then family visited! So a NSD but busy Saturday in the end.

    I discovered when visiting the bank that I have an extra £85; I forgot that Feb was a council tax free month- woooooooooo

    So instead today has been a day of housework and then lots of Peaky Blinders series 2 (I love Cillian Murphy).

    Started planning next weekends trip to Rome and was debating whether to taxi to the airport, looked up train tickets which was £30 for the two of us which was only just £5 cheaper than the taxi. Had a bit of a play around on the train website and ended up buying separate singles for £10 in total! So today isn't a NSD however it was very MSE and from the Rome budget!

    I've started notifying some of the bills about my move out of the flat for Thursday so a small refund due for the council tax and the water bills so far!

    Also put through expenses claim for last month for work travel- £75 back in the next week which will cover the credit card this month (0% naturally!)
    2017 MFW #20 - OP £2348.20/ £2150 106%. New target £2500 93.9%
    Last 3 months- Oct: £179.60 Nov: £160.33 Dec: £52.33

    Emergency fund £4K/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • jodles16
    • By jodles16 13th Mar 16, 6:17 PM
    • 1,315 Posts
    • 3,962 Thanks
    jodles16
    Urghh to the faff of paperwork, so annoying but hopefully worth it in the long run! Rome sounds fab, it is important to have that balance in life! Hope you have a fab time and great news on the MSE travel savings!

    Jodles
    MFW2017 #29 1200.24/4524
    MFiT #66
    Overall aim 10,124.20/21,743 (£156,000)
    2016- Jan-£177,472, Apr-£173,195.04, July- £171,417.47 Oct- 169,366
    2017- Jan- 167,347.80 Apr- July- Oct-

    • Kittenkirst
    • By Kittenkirst 16th Mar 16, 1:05 PM
    • 1,635 Posts
    • 8,524 Thanks
    Kittenkirst
    Afternoon lovelies, so tomorrow is flat move D day so today I have a day off and have been packing & cleaning all morning! Am just emptying the car before heading back for round two- I'm aiming to get 75% of my deposit back at least so fingers crossed!

    Jodles- you are very right that there has to be balance, I was working in Manchester Monday and Tuesday so dinner was paid for (thanks to the company) but I then stayed up in the bar with my new team having a few drinks. £15 not strictly budgeted for however was good for getting to know my new team and being sociable!

    Now....back to my marigolds and scrubbing!
    2017 MFW #20 - OP £2348.20/ £2150 106%. New target £2500 93.9%
    Last 3 months- Oct: £179.60 Nov: £160.33 Dec: £52.33

    Emergency fund £4K/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • Kittenkirst
    • By Kittenkirst 17th Mar 16, 7:01 AM
    • 1,635 Posts
    • 8,524 Thanks
    Kittenkirst
    19900 steps taken yesterday and half the flat scrubbed to a shine! About to get up and finish the rest and hand the keys back.

    I'm not too happy that they do the move-out inventory in my absence so shall be taking lots of pictures and friend will be signing them and submitting them....I've been stung badly before at move out (I know process has improved a lot since 2004!!) and don't want it to happen again!

    I keep clicking on Toluna surveys but am not the right population for it
    Have been regularly checking free postcode lottery- fingers crossed perseverance will pay off

    Am looking at doing a current account switch- we need a joint account for the bills and mortgage and thought this could be a good way of sorting it, and getting the join bonus!! ;D
    2017 MFW #20 - OP £2348.20/ £2150 106%. New target £2500 93.9%
    Last 3 months- Oct: £179.60 Nov: £160.33 Dec: £52.33

    Emergency fund £4K/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • Kittenkirst
    • By Kittenkirst 25th Mar 16, 9:40 AM
    • 1,635 Posts
    • 8,524 Thanks
    Kittenkirst
    Morning all!
    Eventful week this week: had a wonderful weekend away with the girlfriend in Rome; slightly disgruntled on Sunday night by a 3 hr flight delay and then the plane landing at the wrong airport. The airline put on a coach to the right airport however this then meant our taxi home from airport was double what we intended!

    Annoying but didn't ruin the fab weekend, stayed less than 4 minutes from the Colloseum and had brilliant springtime sunshine 😊 Ate all the pasta, gnocchi, pizza and veggies that my little body could handle

    This week has been a tough work week, my role has changed quite dramatically (I took the new job at start of Jan) so I'm a little miffed, but it's paying the bills and that's the main thing!

    House front we have had the survey back and all looking to be on track. have been advised to book some time off around 6th to go to the solicitors to sign the paperwork! All very very exciting!

    So, following a non MSE weekend in Rome (budgeted for -& within budget- but other than taking subways and trains etc instead of taxis we didn't keep an eye on the spends) back to trying to make every penny count.

    Had a lovely meal with work yesterday lunch time which was paid for which was lovely. Going to see Superman v Batman tonight with friends. Used some vouchers so the tickets were free for us all, therefore friends are shouting the Nandos! Good start to the weekend!

    Enjoy your Friday's whatever you are doing lovelies
    2017 MFW #20 - OP £2348.20/ £2150 106%. New target £2500 93.9%
    Last 3 months- Oct: £179.60 Nov: £160.33 Dec: £52.33

    Emergency fund £4K/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • Kittenkirst
    • By Kittenkirst 25th Mar 16, 5:22 PM
    • 1,635 Posts
    • 8,524 Thanks
    Kittenkirst
    Had an exciting call today- home builders (Barratts) booking in session with us to choose all our options (tiling, work tops etc). They wanted to do it next week however they will want 10% of all Options at the meeting so we have pushed it back until the day after payday

    Very excited and happy we will be able to pay it out of Aprils salary (deposit is already in the savings account waiting)


    Eeeeeeeeeeeeeep

    Packed some sweeties from the cupboards for this evenings movie fest! Can't wait to see Mr Cavill on screen- droool!
    2017 MFW #20 - OP £2348.20/ £2150 106%. New target £2500 93.9%
    Last 3 months- Oct: £179.60 Nov: £160.33 Dec: £52.33

    Emergency fund £4K/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • Kittenkirst
    • By Kittenkirst 26th Mar 16, 8:03 AM
    • 1,635 Posts
    • 8,524 Thanks
    Kittenkirst
    So Batman v Superman is a longer film than I realised, and despite ticket time being 10.40pm it didn't start until 11.25pm so a very very late night. I luckily managed only a brief second of eyes being closed, when a huge explosion went off on screen and woke me up quite firmly

    I thought it was an alright movie, didn't really develop why the two heroes are against each other enough for me but still a decent watch!

    Today we have last-minute plans to see some family which means brunch in town...trying to find free parking places to limit the spending though!

    Anyone have much Easter activity planned for the next few days?
    2017 MFW #20 - OP £2348.20/ £2150 106%. New target £2500 93.9%
    Last 3 months- Oct: £179.60 Nov: £160.33 Dec: £52.33

    Emergency fund £4K/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • EatingTheElephant
    • By EatingTheElephant 26th Mar 16, 8:26 AM
    • 1,162 Posts
    • 6,229 Thanks
    EatingTheElephant
    You did well not falling asleep properly, there's no way I would be able to watch a film that late!!

    Very exciting that you will be picking details soon for your new place

    Enjoy brunch & family plans. We are off to SILs tomorrow for lunch which I suspect will be a noisy affair with her 3 young ones
    • littlegreenpeas
    • By littlegreenpeas 26th Mar 16, 9:04 AM
    • 350 Posts
    • 1,483 Thanks
    littlegreenpeas
    Hi just had a thought do you use my supermarket website it will help you make the most of your shopping vouchers as sain can be quite expensive with certain things. Good luck with the move LGP
    Mortgage value was £135,000 now £67,300.00
    TCB total £1200
    • Kittenkirst
    • By Kittenkirst 26th Mar 16, 6:09 PM
    • 1,635 Posts
    • 8,524 Thanks
    Kittenkirst
    Oooooooh hope you have a lovely Easter Sunday ETE- sounds like a fun family day with the nippers!

    Hi LGP! Thanks for popping in, at the moment as the vouchers are tax free as part of my salary they work out pretty good :-) I used to be able to get Asda vouchers however they stopped being available so now it's only Sainsbo's but that still helps with budgeting. Now I've moved into the gf's I am not doing too much grocery shopping as pay rent & bills together so just stockpiling the vouchers for when the house is available- hoping we can get lots of kitchen ware (pans tea towels etc) :-D
    Last edited by Kittenkirst; 27-03-2016 at 6:40 PM.
    2017 MFW #20 - OP £2348.20/ £2150 106%. New target £2500 93.9%
    Last 3 months- Oct: £179.60 Nov: £160.33 Dec: £52.33

    Emergency fund £4K/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • mortgage_girl
    • By mortgage_girl 26th Mar 16, 6:26 PM
    • 840 Posts
    • 3,850 Thanks
    mortgage_girl
    Well done for staying awake - I was nearly falling asleep by 10pm at a retirement do the other night so there's no way I could have managed it. Do you have M33rkat Movies? If you don't Martin has a post somewhere on here for how to get it for just over £2.00. Well worth it if you go to the cinema more than once a year.

    MGx
    2017: £6398.46 / £11,000
    2016: 4557.98 / £11,000 2015: £10,230.37 / £11,000
    2014 =£6703.26 / £11,000 2013 = £4288.51 / £8000 2012 = £1600/£5000 2011 = £2579/£3000
    MF date was Nov 2041 - now April 2022

    • Kittenkirst
    • By Kittenkirst 27th Mar 16, 10:13 AM
    • 1,635 Posts
    • 8,524 Thanks
    Kittenkirst
    Hi MG! I haven't been to the cinema in ages so used so vouchers to get in for free but will check out the meercat movies link if plan to go again (thank you!)

    Today will be making a family lunch and then time for the gym, was debating going to a beautiful nature reserve for a hearty walk however forecast is suggesting storms so will stick with the warmth of the gym!

    Happy Easter to all
    2017 MFW #20 - OP £2348.20/ £2150 106%. New target £2500 93.9%
    Last 3 months- Oct: £179.60 Nov: £160.33 Dec: £52.33

    Emergency fund £4K/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • Kittenkirst
    • By Kittenkirst 28th Mar 16, 10:52 AM
    • 1,635 Posts
    • 8,524 Thanks
    Kittenkirst
    So yesterday afternoon I decided to spend the spare time cancelling my mobile phone contract (£35.33 a month!) and joined a sim only rolling contract (£10). Been meaning to do it for ages but couldn't before 17th March due to contract end dates.

    17th March was the big move date and then there was Rome so it was a little delayed however it's done now!

    Pretty pleased with that and the savings I will make over there next year at least -£300!!

    Sorted some paperwork and found my log in details for the deposit protection for my old flat- logged in and am getting the full deposit back in 5 working days (£450!) all that scrubbing was definitely worth it.

    The £450 is earmarked; £150 onto credit card (0% naturally) and remaining £300 into the savings pot ready for the choices appointment (tiles etc) for the new house!

    Off to DIY stores & kitchen/bathroom places today for ideas too. Am super excited!

    Enjoy your bank holidays everyone!
    2017 MFW #20 - OP £2348.20/ £2150 106%. New target £2500 93.9%
    Last 3 months- Oct: £179.60 Nov: £160.33 Dec: £52.33

    Emergency fund £4K/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • EatingTheElephant
    • By EatingTheElephant 28th Mar 16, 2:57 PM
    • 1,162 Posts
    • 6,229 Thanks
    EatingTheElephant
    Great news that you will be getting all your deposit back, well done on all the scrubbing!!

    I bet the DIY stores are heaving today!
    • Kittenkirst
    • By Kittenkirst 28th Mar 16, 4:57 PM
    • 1,635 Posts
    • 8,524 Thanks
    Kittenkirst
    Great news that you will be getting all your deposit back, well done on all the scrubbing!!

    I bet the DIY stores are heaving today!
    Originally posted by EatingTheElephant
    Yes it was total pandemonium at one of the bigger stores today! As we were only mooching and getting ideas we weren't too stressed with it all; there was a lot of road rage in the car parks though

    Came away with lots of brochures and even had a frothy coffee and an Easter cake at magnet (swish!), luckily we have similar ideas and colour palettes, just not sure Barratts will allow some of the bits we want. We are going to make a wish list this evening of 'must haves' and 'nice to haves' so that we can ensure we spend our budget on the important bits and not get carried away with the frivolous stuff!

    I am currently investigating joint current accounts so that we can both pay into a bills account for the mortgage and all bills to come out of!

    Back later
    2017 MFW #20 - OP £2348.20/ £2150 106%. New target £2500 93.9%
    Last 3 months- Oct: £179.60 Nov: £160.33 Dec: £52.33

    Emergency fund £4K/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • mortgage_girl
    • By mortgage_girl 28th Mar 16, 8:00 PM
    • 840 Posts
    • 3,850 Thanks
    mortgage_girl
    Sounds like you've had a fun day. You both sound extremely organised - exciting times ahead, eh.

    MGx
    2017: £6398.46 / £11,000
    2016: 4557.98 / £11,000 2015: £10,230.37 / £11,000
    2014 =£6703.26 / £11,000 2013 = £4288.51 / £8000 2012 = £1600/£5000 2011 = £2579/£3000
    MF date was Nov 2041 - now April 2022

    • Kittenkirst
    • By Kittenkirst 29th Mar 16, 1:07 PM
    • 1,635 Posts
    • 8,524 Thanks
    Kittenkirst
    Hi all!
    Today's update is a little on the dull side, back to work, back to the daily grind.

    Am going to start chronicling some of the things I'm doing to save money and get into good habits ready for the mortgage:
    1. Packed breakfast, lunch and coffee in bag so all food brought in
    2. Great timing as took lunch as the free fruit bowl was topped up at work, banana and satsuma snaffled for today
    3. Gym trip tonight as not been making the most of my membership (is Puregym so only £17.99 a month however need to be going to make it worthwhile!)
    4. Free postcode lottery tonight
    5. Emailed meter reads and move out details to 1st Utility- should be due a nice refund I think
    6 car shared with the gf as we are in the same office for a change
    7 Claimed back expenses so should receive it back in about a week (£50)- will help massively as pay day isn't until the 15th

    Gf is currently logging a complaint with Santander as this is now the fifth time she has requested her latest mortgage statement- turns out this is the bit that's holding up getting the yay/nay from Clydesdale for the mortgage. Fingers crossed we get it soon as it's driving me nuts!

    Quite pleased that the working week is off to a good start! Hope your Tuesday's are all going well too,
    2017 MFW #20 - OP £2348.20/ £2150 106%. New target £2500 93.9%
    Last 3 months- Oct: £179.60 Nov: £160.33 Dec: £52.33

    Emergency fund £4K/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • mortgage_girl
    • By mortgage_girl 29th Mar 16, 5:00 PM
    • 840 Posts
    • 3,850 Thanks
    mortgage_girl
    Well done on the money saving - it all adds up. Free fruit at work sounds fab.

    MGx
    2017: £6398.46 / £11,000
    2016: 4557.98 / £11,000 2015: £10,230.37 / £11,000
    2014 =£6703.26 / £11,000 2013 = £4288.51 / £8000 2012 = £1600/£5000 2011 = £2579/£3000
    MF date was Nov 2041 - now April 2022

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