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  • FIRST POST
    • Kittenkirst
    • By Kittenkirst 5th Feb 16, 10:35 AM
    • 1,570Posts
    • 8,059Thanks
    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 £1884.86/ £2150. 87.6%
    Last 3 months- Jul £172.36 Aug: £212.52 Sep £132.24

    Emergency fund £3725]/£6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
Page 32
    • themadvix
    • By themadvix 18th Apr 17, 10:10 AM
    • 1,018 Posts
    • 5,376 Thanks
    themadvix
    Sounds like you've had a lovely weekend KK! Enjoy the kittens while they're small enough to both fit on your lap - jealousy erupts when there's not room for both when they're older!
    OPs 2017 = £2603/£10000
    S&S ISA = £300/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance June 2017: £99,974
    MFW2017 no. 38
    • Kittenkirst
    • By Kittenkirst 18th Apr 17, 1:32 PM
    • 1,570 Posts
    • 8,059 Thanks
    Kittenkirst
    Will do TMV- I had a very sleepless night last night as Hugo is being alll affectionate and purring like a tank in the middle of the night. He snuggles into my neck and then licks me; I've googled it and it says it's nothing to worry about but he is adamant he is cuddling up and I kept moving him constantly but he'd snuggle his way back. It was a good 2.5hours of this charade, I was tempted to put him downstairs and shut the door but felt unfair to little Oscar who was fast asleep snuggled on the bed.

    Luckily we have a fortnight off work so I had a bit of a lie in and then went to the gym. We're having a bit of a chilling day today following the busy weekend, a few loads of washing have been done and are drying outside on the clothes horse in the sunshine and we had a brunchy-lunch.

    Need to move my money around today so will call the bank later; I closed my regular saver to book those Ecuador flights but the money is now sat in my current account alongside my annual bonus. I can't keep that amount in my account as it'll get frittered away so I'm planning to open a regular saver and stash £300 in there, then move around £1600 into a easy access saver.

    Need to also call HSBC to complete their switching offer if I'm still within the bonus timeframe...will dig out the paperwork shortly.

    Going to do the monthly OP of £89.81 today, two days early, which takes out monthly payment to a round £900. Then anything else I can find spare will be chucked over to try and ramp up the OPs
    2017 MFW #20 - OP £1884.86/ £2150. 87.6%
    Last 3 months- Jul £172.36 Aug: £212.52 Sep £132.24

    Emergency fund £3725]/£6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • Kittenkirst
    • By Kittenkirst 18th Apr 17, 3:08 PM
    • 1,570 Posts
    • 8,059 Thanks
    Kittenkirst
    Called the bank and did some money shuffling, regular saver restarted and other funds swiped into another savings account with a low interest rate so it's out of the way. I'll look at better rate accounts shortly but I wanted to move it out of the way so it wasn't frittered away.

    Recapping on progress against goals so far this year

    Goals for 2017:
    1) overpay mortgage by £2150 in 2017- £939.51 so far= 43.6%
    2) rebuild savings to £1750 in 2017- £2005.02!
    3) get rid of credit card once & for all (£940 left on 0%) -paid off!
    4) have two mini breaks away with my gf- enjoy life & experiences- [COLOR="rgb(46, 139, 87)"]not yet booked...hmmm[/COLOR]
    5) run a 10km race - paid for a race but a dear friend back home has her new babies naming ceremony on the same date, will have to sign up for the other one in September/October
    6) find somewhere to volunteer at- aim for at least 6 volunteering days in 2017 preferably with homeless charity or a mental health charity.this one is giving me some guilt as I've looked into a few places but not yet got up the nerve to go and check out the places/meet the people etc
    Originally posted by Kittenkirst
    All in all I'm quite pleased with progress for 1,2 & 3 so far, 4,5 &6 need some planning and working on still
    Last edited by Kittenkirst; 18-04-2017 at 3:10 PM.
    2017 MFW #20 - OP £1884.86/ £2150. 87.6%
    Last 3 months- Jul £172.36 Aug: £212.52 Sep £132.24

    Emergency fund £3725]/£6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • Kittenkirst
    • By Kittenkirst 18th Apr 17, 8:16 PM
    • 1,570 Posts
    • 8,059 Thanks
    Kittenkirst
    Made the most amazing leftover dinner tonight- chopped up the roast lamb and heated it up with some onions, tomato pur!e, harissa paste and a few cherry toms. Served on a warmed wrap with homemade bounties and grated carrot on top. Totally delicious, frugal and speedy!
    2017 MFW #20 - OP £1884.86/ £2150. 87.6%
    Last 3 months- Jul £172.36 Aug: £212.52 Sep £132.24

    Emergency fund £3725]/£6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • debtfreeoneday
    • By debtfreeoneday 18th Apr 17, 9:05 PM
    • 2,764 Posts
    • 9,428 Thanks
    debtfreeoneday
    That's great progress there, well done!
    DFW (08/08) £64,346.53
    CC1 - GONE! ~~~ CC2 - GONE! ~~~ CC3 - £1263.18 ~~~ CC4 - £1050.00
    MFW (01/15) £118,031.21 £96,612.41
    • Watty1
    • By Watty1 18th Apr 17, 10:12 PM
    • 2,759 Posts
    • 19,297 Thanks
    Watty1
    Great progress .. Yay!!
    Mortgage at start of diary Sept 2013: £132,995 Aug 2015 £0
    Overpaying next mortgage. £79,491 now £52963
    • Kittenkirst
    • By Kittenkirst 18th Apr 17, 11:43 PM
    • 1,570 Posts
    • 8,059 Thanks
    Kittenkirst
    Eeeesh autocorrect fail on my dinner post- I had hummus not the chocolate coated coconut bar bountie! Tee hee
    2017 MFW #20 - OP £1884.86/ £2150. 87.6%
    Last 3 months- Jul £172.36 Aug: £212.52 Sep £132.24

    Emergency fund £3725]/£6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • ch4rly2002
    • By ch4rly2002 19th Apr 17, 11:28 AM
    • 222 Posts
    • 960 Thanks
    ch4rly2002
    Great stuff, you're doing very well, especially with the savings... keep up the good work
    Savings: Aim £13.5k. Dec 2016 £1,700 / Current £10,475
    Mortgage: Dec 2014 -£216,000 / Current -£196,200
    BTL Mortgage: Dec 2014 -£136,000/ Current -£125,130
    CC 0%: Nov 2016 -£4,500 / Current -£3,577.63
    Loan to In-Laws: Sep 2010 -£48,185.82 / Current -£35,655.49
    Student Loan: March 2011 -£18,275.04 / 29th April 2017 -£14,003.85
    • Kittenkirst
    • By Kittenkirst 19th Apr 17, 6:03 PM
    • 1,570 Posts
    • 8,059 Thanks
    Kittenkirst
    Thanks Ch4rly

    Today has been spendy, but planned spends as the little boys had their first trip to their vets. We took the advice given a few weeks back and did the kitten starter plans for them both so they've both had their initial vaccinations, microchipping, flea/parasite treatment and been weighed! It cost £85 each kitten and we go back for their second vaccination in three weeks.

    Hugo is 1.1kg and Oscar 1.07kg so still very small. The vet advised that their balls haven't dropped yet (ooo-ee!) so she thinks they are younger than what the seller said. Hugo has a small ulcer on his tongue which could be cat flu but neither of them have sniffles or anything so it may just be a one-off. Both kitties are a little docile now and a little grumpy with us!

    Other than that it's been a NSD for me, not for the lovely gf though as she had her Merc service (!) and the retest for the MOT which thankfully now it's passed following the four new types fitted by Costco this weekend.

    Whilst we were out we went to the gym so I ran a 4km and the calf felt okay, gf has a hospital appointment tomorrow morning for a pre existing condition so we're going to the running shop in the afternoon for gait analysis to see if some new runners will help with reducing the calf issues.

    Off to the gf's parents for dinner tonight and chill with them
    2017 MFW #20 - OP £1884.86/ £2150. 87.6%
    Last 3 months- Jul £172.36 Aug: £212.52 Sep £132.24

    Emergency fund £3725]/£6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • Busy Mee1
    • By Busy Mee1 19th Apr 17, 9:28 PM
    • 367 Posts
    • 1,325 Thanks
    Busy Mee1
    A bit cheeky I know but I had the gait analysis and then bought the recommended trainers much cheaper from M&M direct. I did buy the insoles so not that cheeky really. The new trainers and insoles were much better and I haven't had any problems since.
    • ch4rly2002
    • By ch4rly2002 19th Apr 17, 11:29 PM
    • 222 Posts
    • 960 Thanks
    ch4rly2002
    I had a gait test and bought the recommended trainers - so worth it! I used to get pain in my feet when running and exercising but the trainers they recommended stopped all that. I now just continue to buy the latest trainers in that range and I can get them online for much cheaper, as Busy Mee says.

    I'm glad the Merc passed the service and MOT... can't imagine how much that all costs. At least you'll have saved some money going through Costco for the tyres
    Savings: Aim £13.5k. Dec 2016 £1,700 / Current £10,475
    Mortgage: Dec 2014 -£216,000 / Current -£196,200
    BTL Mortgage: Dec 2014 -£136,000/ Current -£125,130
    CC 0%: Nov 2016 -£4,500 / Current -£3,577.63
    Loan to In-Laws: Sep 2010 -£48,185.82 / Current -£35,655.49
    Student Loan: March 2011 -£18,275.04 / 29th April 2017 -£14,003.85
    • Kittenkirst
    • By Kittenkirst 20th Apr 17, 6:46 PM
    • 1,570 Posts
    • 8,059 Thanks
    Kittenkirst
    Banking all sorted, gf's annual hospital appointment went well, we then had a lovely pub lunch together and then did the gait analysis. We did manage to snaffle a few freebies in town like ice cream shake samples, hotel chocolat samples and used the John Lewis coffee and cake voucher which we shared.

    Now back home and played with the kittens for an hour to try and get them a bit tired out and they are now snoozing away dreaming of fighting each other (most probably!)

    Two small tilly tidies to the mortgage made today, a bit of tidying and then planning for a walk in the Peak District tomorrow if the weather holds up! Will take a picnic and flasks of coffee to keep us going
    Last edited by Kittenkirst; 20-04-2017 at 8:33 PM.
    2017 MFW #20 - OP £1884.86/ £2150. 87.6%
    Last 3 months- Jul £172.36 Aug: £212.52 Sep £132.24

    Emergency fund £3725]/£6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • chumpy45
    • By chumpy45 20th Apr 17, 9:33 PM
    • 315 Posts
    • 1,364 Thanks
    chumpy45
    Just catching up. Great progress made Loving the photos and stories of the kitties - sound like great fun
    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 £40,119.5 01.02.17 £36,584.00; 01.04.17 £34,694.71 09.06.17 £32,828.89 MFW Target date Sept 2017;
    • debtfreeoneday
    • By debtfreeoneday 21st Apr 17, 6:57 AM
    • 2,764 Posts
    • 9,428 Thanks
    debtfreeoneday
    Glad hospital appointment went ok!
    DFW (08/08) £64,346.53
    CC1 - GONE! ~~~ CC2 - GONE! ~~~ CC3 - £1263.18 ~~~ CC4 - £1050.00
    MFW (01/15) £118,031.21 £96,612.41
    • Kittenkirst
    • By Kittenkirst 21st Apr 17, 6:59 AM
    • 1,570 Posts
    • 8,059 Thanks
    Kittenkirst
    Morning Chumpy your figures in your signature are very inspiring!! Hopefully not long to go for you!!

    Been awake over an hour as the kittens are wanting to eat every cable and fighting likebillieo this morning!

    Had an email that £17.66 is being paid by ziifit in the next few days so will swiftly OP that when it clears, and received £5 cashback from TSB for contactless payments made from our joint bills account. Not too bad really. £5 cashback credited last night so that got swept over as an OP and we're 3p shy of a £300 OP this month....I'm not letting the odd pence annoy me as still a fair few days of Tilly tidies to go this month

    Went to HSBC to give my ID to fulfil the switching offer yesterday but annoyingly they hadn't printed what id they accepted (the docs were blank frustratingly) & they wouldn't accept first direct statement grrrr. Going back this morning so I can get the switch started and take advantage of the £150 switching bonus and open another regular saver (I have a 65% one with first direct just opened) for 5% to stash that £1700 in easy access savings into slowly. I wil double check with them if their funding rules include transfers from first direct (it says not from HSBC accounts so important I check!) If not I will leave the account and look to do a Santander account

    Gf has fallen back asleep bless her, will get up shortly and put the bins out and then start getting ready for our nice walk we have planned today
    2017 MFW #20 - OP £1884.86/ £2150. 87.6%
    Last 3 months- Jul £172.36 Aug: £212.52 Sep £132.24

    Emergency fund £3725]/£6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • Kittenkirst
    • By Kittenkirst 21st Apr 17, 7:00 AM
    • 1,570 Posts
    • 8,059 Thanks
    Kittenkirst
    Thanks DFOD, she takes it completely in her stride as been in hospitals a lot however I flapped a bit when we got there (it wasn't even my apppointment)
    2017 MFW #20 - OP £1884.86/ £2150. 87.6%
    Last 3 months- Jul £172.36 Aug: £212.52 Sep £132.24

    Emergency fund £3725]/£6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • Kittenkirst
    • By Kittenkirst 21st Apr 17, 6:07 PM
    • 1,570 Posts
    • 8,059 Thanks
    Kittenkirst
    Lovely 6mile hike from Dovedale to Milldale today- sat nav took us to the wrong place so it took 2 hours instead of the 1 it should but it was a fun drive in some splendid countryside.

    We took packlunches so only paid £3 for car park, 80p to use the toilets and £3.60 for two hot bovrils at Milldale <3 legs are abit shattered now but it was definitely worth it. Two vegetable lasagnes are slightly defrosting for a quick homemade supper!

    Gf's friend from India is travelling here tomorrow to see her so we've registered him and I for a park run first thing and then will see what he fancies doing/seeing in Leicester. I'm quite looking forward to it
    Last edited by Kittenkirst; 22-04-2017 at 7:44 PM.
    2017 MFW #20 - OP £1884.86/ £2150. 87.6%
    Last 3 months- Jul £172.36 Aug: £212.52 Sep £132.24

    Emergency fund £3725]/£6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • Kittenkirst
    • By Kittenkirst 23rd Apr 17, 7:53 AM
    • 1,570 Posts
    • 8,059 Thanks
    Kittenkirst
    Morning LOvely people's!

    So yesterday's visit from the friend from India went really well and he seemed to have a fab day. Him and I did the local park run (29:55mins) together and it was lovely weather for it too, we all then came back to he house, showered and went into town. We drove him through the main Indian area of town and he was really impressed, kept calling it 'mini India' and beaming so much we then went to a local mandir (temple), then onto town. Hes a drinker and told us his intent was for us all to get drunk and have a giggle so we strategically took him to some places that did 241 cocktails (to lessen the expense). 5 pubs and multiple cocktails and shooters later we were all a bit glassy eyed and giggly.

    We kept joking that the day had focussed on positivity for three areas- body with the park run, soul with the trip to the temple and mind with the boozing and letting our hair down.

    He needed to get to London for the evening so was going to buy a train ticket but a single was £60!!!!!! I quickly checked national express and it was £9.10, what a crazy difference in price! We got him safely onto his bus and have arranged to see him on Wednesday in Milton Keynes (he's staying in a town nearby!).

    Not a very MSE day other than the pre drink at home before we left, 241 cocktails and the one students bar that we took him to that does drinks for £3! We then needed to get home, gf assumed we'd get a cab until I suggested we get a bus as it was only 630pm so still light- £5.70 and we were both safely home and saved a good £15-20 on taxi fares!

    It was a little more than we had budgeted for, but I'm not going to worry about it, was lovely to go out and have a few drinks with the gf and friend and not stress about things

    This morning everyone was awake since 6 as the kitties have been play fighting on the bed so I was about to get up and make a cafetière of coffee however the kittens and gf have all just dropped back off to sleep- very cute I must say!!

    Need to double check my figures as another small OP made today of 45p, it's all definitely helping! I've been reading a few threads and would like to be able to chuck a bit more at the mortgage than we are doing, we could cut back in several areas but I'm not sure about the benefit yet....will have a ponder and some crunching of numbers etc.

    Oh, edited to add, tenants moved into gf's flat finally yesterday so the mortgage, service charge and council tax won't be coming out of our budgets from now- phew!!!!
    2017 MFW #20 - OP £1884.86/ £2150. 87.6%
    Last 3 months- Jul £172.36 Aug: £212.52 Sep £132.24

    Emergency fund £3725]/£6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • Kittenkirst
    • By Kittenkirst 23rd Apr 17, 9:03 PM
    • 1,570 Posts
    • 8,059 Thanks
    Kittenkirst
    Had a NSD today finally!

    Went to pick up the car from where we left it yesterday lunch, then home and started to review old photos on my old PC- deleted 2000 pics and there's loads more to go through. I'll then pull them onto a memory dock thingy and sell the PC and get it gone.

    Lunch was bacon and mozzarella sarnies using stuffs from the fridge, dinner was spicy polenta coated turkey cubes (homemade turkey nuggets!) with a leek gratin but using a low fat white sauce (cornflour instead of butter & flour!) and then used two stale hot cross buns to make a mini bread & butter pud

    We bought a water spray yesterday for using on the kittens as they are wreaking havoc on our lovely dining chairs! They've left holes in them already so we're using the spray to deter them from jumping up on the chairs and using them as pincushions, whilst we are out we keep the kitchen door shut for now until we know they don't puncture them willingly!

    Transferred another £165 to savings today to prevent more spending! Feeling happy that the figures are going up now that the credit card has gone!
    2017 MFW #20 - OP £1884.86/ £2150. 87.6%
    Last 3 months- Jul £172.36 Aug: £212.52 Sep £132.24

    Emergency fund £3725]/£6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • debtfreeoneday
    • By debtfreeoneday 24th Apr 17, 7:41 AM
    • 2,764 Posts
    • 9,428 Thanks
    debtfreeoneday
    Great increases on the savings. I found it surprising how much difference it made flinging little bits here and there at the mortgage
    DFW (08/08) £64,346.53
    CC1 - GONE! ~~~ CC2 - GONE! ~~~ CC3 - £1263.18 ~~~ CC4 - £1050.00
    MFW (01/15) £118,031.21 £96,612.41
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