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    • MeandO
    • By MeandO 7th Jul 16, 2:28 PM
    • 873Posts
    • 4,520Thanks
    Downshifting to a nicer life...
    • #1
    • 7th Jul 16, 2:28 PM
    Downshifting to a nicer life... 7th Jul 16 at 2:28 PM

    A DFW for many years (on and off) and now debt free, my thoughts have turned towards bettering my somewhat hectic and stressful life and paying down my mortgage.

    I live on my own, with DS with me for half the week, and own my own house after splitting up from my soon to be ex-husband a few years ago. All of my family live at least 200 miles away and I have very few close friends nearby too, with all of them being in the area I grew up in, so I am well and truly on my own here. I get on well with the ex, but he is the ex for a reason, so we only really see each other for reasons relating to our son. I do have a lovely boyfriend of 3 months, but due to our individual childcare setups, I only see him a couple of times a week. We also don't live very locally to one another.

    My mortage currently has £98,028 outstanding on a property valued at around £220k.
    Today I set up an overpayment of just over £100 a month, rounding the payments up to £600 a month. I'd love to be able to overpay by more, but on my single salary, this is the max I can afford for now.

    I also have savings of approximately £7K in the bank which I'd like to use to pay a chunk off the mortgage, but it needs to stay there for a while as my job is not the most secure.

    Now, this is where the 'downshifting' comes into it...

    Recently, I made the difficult decision to put my lovely house on the market. As nice as it is it's a 4 bed, which is too large for my needs, and not in a convenient location for my work. I seem to spend most of my time hurrying to work or home again, trying to beat the traffic and get from A to B as quickly as possible. My son is in childcare after school because I can't afford to cut my hours whilst still in this house, so the plan is to downsize, move closer to where I need to be, cut some hours at work so I am able to pick my son up and not pay childcare. Unfortunately this means moving schools for DS, but I'm hoping it will benefit him in the long run too.

    The house has been on the market for 24 hours and I have a viewing lined up for the weekend, with another party also interested.

    I can't say I'm feeling that positive about downsizing and moving to an older, less 'lovely' house atm, but I'm doing it for the right reasons and it will hopefully better our lives in the long term. I'm desperately concerned as to how this will affect DS, I just have my fingers crossed it will all turn out well.

    The new house will be cheaper, hopefully by at least 20K, so that will go someway to reducing my mortgage too.

    So, that's me in a nutshell. Right now, I'm taking a deep breath, putting my big girl pants on, continually telling myself I'm doing the right thing and trying to downshift towards a better life... all support and encouragement will be greatfully received and very welcomed!
    Debt Free

    "Life shrinks or expands in proportion to one's courage" - Anais Nin
Page 3
    • MeandO
    • By MeandO 5th Sep 16, 9:50 AM
    • 873 Posts
    • 4,520 Thanks
    Thanks everyone.

    I've booked a viewing on another house tonight. It's very close to where I used to live and it's not really what I wanted to move to (another modern 'boxy' type house), but I think the garden is quite big so it's worth a look. I'm not excited by it, but needs must now.

    There Is a Light - unfortunately renting is not an option at all, but happy it all worked out for you. Nice to hear your children settled well at the time too, I just hope mine little one does.

    Debating whether to book viewings on two properties in the area I'm living now - much cheaper which will mean I can go part time and pick my little one up from school etc, but still a fair distance from work and OH. It would mean DS wouldn't have to change schools though.
    Debt Free

    "Life shrinks or expands in proportion to one's courage" - Anais Nin
    • MeandO
    • By MeandO 5th Sep 16, 8:52 PM
    • 873 Posts
    • 4,520 Thanks
    Viewing tonight was disappointing.
    House was in a state, roof been leaking for a while and black damp patches through the ceiling. Kitchen horrible, bathroom and ensuite need ripping out and the whole place ridiculously overpriced, even the EA said so!

    Has to go to the docs today too and it seems my blood pressure is through the roof. Laughed when she asked 'do you feel stressed?'.
    Understatement of the year...
    Have to go back on Monday, if it's no better then it looks like medication for me

    Throughly fed up.
    Debt Free

    "Life shrinks or expands in proportion to one's courage" - Anais Nin
    • copperjar
    • By copperjar 9th Oct 16, 5:36 PM
    • 777 Posts
    • 1,682 Thanks
    Hi MeandO. Was following you on the finding a house to buy thread - how you getting on?
    Total debt 1.11.10 £23,446
    Save £6k in 2015 #129 £6121.66/£6000
    Save £6k in 2016 #39 £3996.70/£6000
    • Dolly Rocker
    • By Dolly Rocker 9th Oct 16, 6:18 PM
    • 2,541 Posts
    • 6,688 Thanks
    Dolly Rocker
    Hi MandO,

    Just caught up with your diary.

    I'm gutted for you that you missed out on your dream home due to those issues.

    I have everything crossed that you will find a perfect home for you & your son.

    Will subscribe to keep up to date on your journey & to celebrate with you when that happens.

    Hope you are feeling better.

    ***Diet 27lbs/84lbs***
    ***Debt £6,186.67/£14,523.76***
    • Tropically
    • By Tropically 9th Oct 16, 10:37 PM
    • 40 Posts
    • 105 Thanks
    House buying is incredibly stressful. I wish you luck in your search and I hope your doc's appointment goes okay.
    • MeandO
    • By MeandO 11th Oct 16, 9:45 AM
    • 873 Posts
    • 4,520 Thanks
    Thanks everyone.

    Well, I am in the process of buying a house. It's not my dream house and I've had to make some hefty compromises on boxes it needed to tick (parking, for example may be a bit of a pain), but it got to the point where I had to buy somewhere and this was by far the best of the very small bunch that was on offer.
    I do like the house and am looking forward to making it ours. Most importantly, due to its location, it will hopefully make my life a lot less stressful and I can go PT at work and spend more time with DS.
    It is also £30K cheaper than my current house, so I will be able to pay a big chunk off the mortgage and have some money left for redecorating.

    The survey is due to be undertaken on Friday, I just have everything crossed there are no major issues as it is an old house.

    Will update with any news after Friday and then, as soon as we're in, I fully plan on keeping this diary up to date with my mortgage overpayment journey!

    How's the purchase going Copperjar?

    Debt Free

    "Life shrinks or expands in proportion to one's courage" - Anais Nin
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