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  • FIRST POST
    • Kittenkirst
    • By Kittenkirst 5th Feb 16, 10:35 AM
    • 1,638Posts
    • 8,556Thanks
    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 50
    • Kittenkirst
    • By Kittenkirst 21st Sep 17, 11:16 PM
    • 1,638 Posts
    • 8,556 Thanks
    Kittenkirst
    Thanks a Fortune; its been pretty painful today so started the day with a protein shake (fuel chocolate and tasted pretty good), tomatoe soup for lunch & tiny pasta in a cheese sauce so I could just suck down the pasta.

    Only two coffees today: one during a meeting with my boss and one before bed (brishedbraces straight after). We went for a bit of a shop for soft stuffs: bought some instant smash, angel delight & rice pudding to tide me over for a few days.

    Thanks for the swagbucks info TheMadVix; I'm only at 152 points so think it'll take a while. I've also cashed out on prolific at £19.61 so will see that for a mortgage OP in a few days. The onepoll £40 hasn't yet cleared though booooo!
    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
    • wildesavings
    • By wildesavings 21st Sep 17, 11:40 PM
    • 170 Posts
    • 484 Thanks
    wildesavings
    Oh I remember the pain well! My eldest dd had them fitted 2 weeks ago too! Hope it all settles soon and you start to feel more like you again xxxxxx
    Started my MFW journey in August 14 : £103,650
    2017 : Mortgage at 1/1/17 - £96,839 - now : £91,342 - capital reduced by £5497 so far this year
    • Kittenkirst
    • By Kittenkirst 23rd Sep 17, 1:01 PM
    • 1,638 Posts
    • 8,556 Thanks
    Kittenkirst
    Hi all,
    The braces are settling but I still can't bite down or chew at the moment.
    It's gf's dads 70th today so we've been out to get his helium balloons and banners and also collected the cake after the gym.

    On the gym front I've managed 4 workouts this week so getting there with being more consistent- it includes two 6am workouts before work too so I'm feeling virtuous

    Prolific money cleared last night so after the withdrawal fee £18.85 was overpaid hurrah! No sign of the onepoll funds just yet.
    Listed some Fortnum & Mason tea canisters (with tea in) on fb selling and also on eBay yesterday. Have a pile of other stuff to list which I'm hoping to pop on tomorrow. Checking through my accounts app we have made more than £350 through Ebaying/carbooting/gumtree/fb selling which I'm pretty surprised at how it's all mounted up.

    Off out for dinner tonight (hence the balloons,cake etc) which has been budgeted for and looking forward to it. I've planned ahead with the eating and am thinking of asking for a (thicker than normal) naan/paratha with Dhal Makhani which I love this should also be okay for eating with a spoon and making the bread soft enough to just swallow :P

    Overpayments for September are at £180.48 so far, just off to update banking apps and check the balance to see if there's a little Tilly Tidy to be done- fingers crossed!

    Enjoy your Saturdays everyone x
    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 24th Sep 17, 11:16 AM
    • 1,315 Posts
    • 3,962 Thanks
    jodles16
    Hi Kittenkirst!

    I have just caught up, my goodness there has been a lot going on! Glad the kittehs are enjoying adventures and are doing so well. OP's are coming along fabulously and I hope the braces will settle quickly so you can eat again!

    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-

    • MichaelDH
    • By MichaelDH 24th Sep 17, 3:38 PM
    • 100 Posts
    • 475 Thanks
    MichaelDH
    Hey Kittenkirst

    Glad to hear the braces are settling. I'm sure the pain and discomfort will be worth it in the long run.

    Forgot to ask the other day, how are you getting on with matched betting? Is it worth a try?
    Starting Balance August 2016: £170,199.00 | Current Balance (4th October 2017): £164,720.53
    OP's to date (starting August 2017): £906.58

    Target: Balance below £160,000.00 by June 2017
    • Kittenkirst
    • By Kittenkirst 24th Sep 17, 3:56 PM
    • 1,638 Posts
    • 8,556 Thanks
    Kittenkirst
    Hi Jodles! Nice to see you the boys are definitely growing: now they are almost 10 months old and right little monkeys! Love them so much :

    Michael I've not yet taken the plunge with the matched betting: I've been reading loads about it but still finding it rather perplexing. A friend recommended setting up a separate current account for it to ensure the pot of money is kept separate

    49p OP as a tilly tidy yesterday woop
    Last edited by Kittenkirst; 24-09-2017 at 3:59 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
    • Kittenkirst
    • By Kittenkirst 27th Sep 17, 8:23 PM
    • 1,638 Posts
    • 8,556 Thanks
    Kittenkirst
    BIt of a quiet week, although the work spends are creeping up as I'm struggling with eating harder food still and slightly fed up of soup.

    Got a £3 Pinecone through and it's paid and OP'd swiftly today. Also 4p Tt'd yesterday too so still trickling the OPs through. Started a few small Onepoll a bit struggling with swagbucks- seem to get screened out of the surveys

    Car had its MOT and had the squeaking on the front near side fixed- culprit was a broken coil. So £150 lighter but the car is passed for another year. With the windscreen replacement- £85- and the replaced tyre -£45 I'm still under my car fixing budget that I save for throughout the year
    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
    • Silence101
    • By Silence101 27th Sep 17, 8:37 PM
    • 311 Posts
    • 472 Thanks
    Silence101
    Glad the MOT wasn't too bad! We've got ours due in October and we're not sure how expensive it'll end up being! We only paid £350 for the car, so hopefully it won't cost more than that!
    09/17 Shared Ownership 50% share - Mortgage £77500 Original MFW 2052
    10/17 OP £108.01 /£100 11/17 £471.44/£100 12/17 £114/£100
    • Kittenkirst
    • By Kittenkirst 30th Sep 17, 8:16 PM
    • 1,638 Posts
    • 8,556 Thanks
    Kittenkirst
    Hi MFWers
    It's been a rather long week, but the weekend has more than made up for it

    We attended a routes into teaching open event at Leicester Uni for me to understand more about teaching and how to get into teaching if I decide to make the jump from my current job. It really ignited my desire to find out more about it and start looking at how we could manage it financially if I were to do it. Looking at timelines it would mean applying for September 2019 which would mean a fair while to amass more savings as the buffer whilst in training.

    Thy offer bursaries and the option I would be applying for was £9k this year but is subject to change so I would need to build a bigger buffer and then really look at reducing outgoings.

    Definitely food for thought and got my ideas racing!

    It's the end of the month so just done my last TT of the month for 25p which makes a total of £184.26

    Pretty pleased with this and even more so as the £40 from onepoll has yet to appear (it's within the timeframe they advise I'm just impatient!)

    Kung pao chicken, Chinese cabbage & noodles for dinner tonight which was delicious and now stuffed!

    Now we're both curled up on the sofas with a kitten each snoozing next to us
    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 30th Sep 17, 9:01 PM
    • 1,638 Posts
    • 8,556 Thanks
    Kittenkirst
    It appears I declared totals too soon: had the Ching of an eBay sale- £9.36 after Paypal fees so have swept that across as an OP making September a grand £193.62- it's so crazily close to £200 so I've made up the difference to keep it a nice tidy number

    Therefore I'm declaring £200 for septembers OPs!
    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
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 30th Sep 17, 11:36 PM
    • 647 Posts
    • 2,567 Thanks
    wishingthemortgaheaway
    Well done on the ops.
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 Aug: £36,411.85 8/100 Sep: £35,945.66 10/100 Oct: £35,500 11/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • Silence101
    • By Silence101 1st Oct 17, 6:46 AM
    • 311 Posts
    • 472 Thanks
    Silence101
    Well done on finding another £15 for a nice round OP!
    I keep thinking about going into teaching, but I don't think we'd be able to afford it until both children are at school, and then we'd need to save quite a bit more. By then I might not have the energy needed for it!
    09/17 Shared Ownership 50% share - Mortgage £77500 Original MFW 2052
    10/17 OP £108.01 /£100 11/17 £471.44/£100 12/17 £114/£100
    • Busy Mee1
    • By Busy Mee1 1st Oct 17, 7:15 AM
    • 438 Posts
    • 1,729 Thanks
    Busy Mee1
    Well done on the £200 overpayment - gotta love round numbers
    • Kittenkirst
    • By Kittenkirst 1st Oct 17, 10:53 AM
    • 1,638 Posts
    • 8,556 Thanks
    Kittenkirst
    Well done on finding another £15 for a nice round OP!
    I keep thinking about going into teaching, but I don't think we'd be able to afford it until both children are at school, and then we'd need to save quite a bit more. By then I might not have the energy needed for it!
    Originally posted by Silence101
    Hi Silence, it's something I've played around with ever since graduating but have got very used to my current role and having a good cushion of money each month.

    The recent changes in my job role and management etc has really made me reevaluate and look at whether I could afford to do this or not. A two year plan feels long enough to get some savings together, still have our holiday of a lifetime to Oz, and get the relevant experience/evening studies to have a subject refresher too. I think I need to start putting it down on paper and having a good old chat with the gf. She thinks I would make a great teacher (she said yesterday to my suprise!) and seems very supportive just concerned over how we can make it work and make me more fulfilled in my role.


    On a separate note, car insurance is due at the end of the month- renewal quote of £520 received from my current insurer but getting a new quote from then was £314!!! Craziness, and there's quidco cashback of £25 which would come through later! They are the cheapest looking at comparison sites (through quidco for the £2.30 cashback!) and getting direct quotes from people not on comparison sites.

    Next on the list is house insurance- contents & buildings- which I'm doing this afternoon, then we need to find out about boiler service. L
    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 1st Oct 17, 4:10 PM
    • 1,638 Posts
    • 8,556 Thanks
    Kittenkirst
    Had a wonderful Sunday lunch at gf's mum which we helped cook- we had a thick dhal, khudi and akhu shak (which is small veg like potatoes, chillis, baby aubergine stuffed with a masala and cooked down! My favourite!).

    We had to nip to Tescos to get mum some chapati flour and were there at a good time as picked up some smoked salmon for £1.88 from £4 which we'll eat for supper with cream cheese on bagels. We also got some turkey breast mince reduced to £2.28 for the freezer and a 2/3 person rack of lamb for £5.40 (down from £10.80b) which is in the freezer ready for the festive period for a decadent dinner

    I've mowed the lawn and put the strimmer round followed by de-weeding then barked area at the back of our drive and doing a bit for the neighbours too but gave up when it started raining. Now time to chill ready for work tomorrow!
    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 1st Oct 17, 10:39 PM
    • 1,638 Posts
    • 8,556 Thanks
    Kittenkirst
    It appears I hit send payment twice on my rounding up payment on the 30th meaning our OP for September is actually £206.32
    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
    • Watty1
    • By Watty1 2nd Oct 17, 10:05 AM
    • 2,897 Posts
    • 20,062 Thanks
    Watty1
    That lunch at gf's mum sounded delicious ....
    Mortgage at start of diary Sept 2013: £132,995 Aug 2015 £0
    Overpaying next mortgage. £79,491 now £27152
    • gallygirl
    • By gallygirl 2nd Oct 17, 6:41 PM
    • 16,460 Posts
    • 107,864 Thanks
    gallygirl
    kk I went on a veggie Indian cookery course (which I didn't think was very good tbh ). We did cook one weird thing which was a batter mix, fried in balls, then dipped in water, squeezed out and served covered in yogurt with (in my opinion!) a lot of salt and sugar, and with tamarind and other sauces on the top. Does it ring any bells?
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    Mortgage Balance = £0
    "Do what others won't early in life so you can do what others can't later in life"
    • Kittenkirst
    • By Kittenkirst 2nd Oct 17, 8:42 PM
    • 1,638 Posts
    • 8,556 Thanks
    Kittenkirst
    It doesn’t as something I’ve made when round but I asked my good lady who’s said it is Dhai Vada- it sounds nice enough. The gf is a very savoury person so we tend to make the spicier, earthier tasting dishes.

    Watty- the Sunday lunch was impressive; we always go round early and all
    Cook together as we all have a chat and get stuck in in the kitchen which is just lovely :

    The lovely gf and her mum are both superb cooks and I’m slowly learning some of the Gujarati dishes, funnily though her dad likes it when I make homemade pies, toad in the hole etc. I guess it’s just different to what you’re used to so is nice as a treat for him

    My cooking exploits have been a mixed bag tonight- I tried making boulangerie potatoes but popping some chopped cooking bacon in. It didn’t turn out that well but I’ve scoffed it down with my brocolli anyways.

    On the other hand my lentil and bacon soup has turned out impressively good, tastes just like what my mum used to make
    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 6th Oct 17, 1:23 PM
    • 1,638 Posts
    • 8,556 Thanks
    Kittenkirst
    Hi all, a bit of a slow week, steadily waiting for payday!

    Good news is the onepoll money cleared yesterday so started the month of October overpayments off well with that lovely £40

    Onepoll is now at £1.20 and Prolific at £4 so slowly building it up.
    Lentil soup for lunch with a slice of Mediterranean bread we got at Tesco’s a few nights ago for 33p

    Frugal activities are slipping still with lots of little shops at Tesco for missing items and coffees being bought at work- really need to focus and reign this in as the money’s not there to be frittered away- it all has important stuffs to be doing.

    Braces have settled now so eating a bit more normally but no apples/popcorn etc which has made me a bit brighter....and have made Halloween plans to visit twin lakes Xtreme Scream festival on the 28th.

    I’m trying Hotpod yoga tomorrow as it’s a free taster session- going with a good friend as gf away for the weekend with her uni mates.

    Jewellery business has picked up without me trying- £200 of orders this week so I need to make sure that I’m still signed up with HMRC as not sure if I have to re-register yearly, will check it out to ensure I don’t get caught out!
    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
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