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  • FIRST POST
    • f0xh0les
    • By f0xh0les 12th Aug 16, 1:55 PM
    • 934Posts
    • 6,678Thanks
    f0xh0les
    22 Foxhole East
    • #1
    • 12th Aug 16, 1:55 PM
    22 Foxhole East 12th Aug 16 at 1:55 PM
    I just made my first mortgage overpayment.

    We bought a 5 bed Victorian terraced house in the East Midlands in April 16 that has been badly neglected. It needs everything doing, it has been let out on a room by room basis and used as a rental machine. Now it is our family house (4 kids = one bedroom each!!).

    So far I have replaced 2 Velux on the attic floor so the rain stays on the outside (very rotten frames)

    Have had a full electrical rewire as the wiring was underneath the wallpaper - not boxed or chased in, just behind the wallpaper and skirting boards. Got a shiny certificate and everything now!

    Decorated 4 kids bedrooms and put down new carpets in 3 of them

    On the still to do list for this year

    - new roof and insulation - nails degrading! Snow could cause a huge problem. Better get it sorted really.

    - New shower and bathroom flooring - water damage, holes in floors (!) we should have moved the bath mats when we were viewing, they hid a lot of damage.

    Plastering and decorating.

    Nice carpets!!

    Shelves!

    That will be the two top floors done and I can kid myself I am 2/3rds of the way finished

    Not attempting anything on the ground floor until 2017 - so no talk of log burners,knocking down walls, kitchens, damp proof courses, shower rooms or the like. That way lies madness, shhhhh, next year, at some point...

    So, let's talk money.
    House cost £160,000
    Deposit was £41,315 (sale of previous nasty Manchester Foxhole)
    Amount borrowed £118,685

    We got a 1.94 % fixed for 2 years with Accord which rises to something ridiculous like 7% so remortgage time in 2018

    We will repay £1.82 for every £1 borrowed over the 26.5 year life of the mortgage unless I overpay

    I have just rung Accord, found out I can repay up to 10% of the total amount borrowed (each year without penalty), can make as many overpayments as I like per month without penalty, but cannot check on the balance online. I have to ring up a silly automated 0345 number that will tell me what the balance is! I will have to remember to ring it on my mobile so it is free.

    Monthly Mortgage repayment £467.00
    An overpayment of £200 a month would knock 10.5 years off the life of the mortgage.

    We are planning on spending 5 years living here, and them moving elsewhere due to the nature of DH's work. So, lets see how much I can throw at this mortgage.
    MFW May 16 £118,340
    September 17 - £109,896.73
Page 22
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 10th Sep 17, 10:28 PM
    • 307 Posts
    • 1,247 Thanks
    wishingthemortgaheaway
    I love sleeping with the radio on. You like the same channel as me. It's a bad night if I hear both lots of shippin forecasts though
    The 100 payment countdown (each payment = £400)
    2017
    July : £36,800 8/100
    August: £36,411.85 8/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • f0xh0les
    • By f0xh0les 11th Sep 17, 10:31 AM
    • 934 Posts
    • 6,678 Thanks
    f0xh0les
    Only one shoe ended up on the school roof.

    So can I claim a 90% success rate for getting kids to school in the correct uniform?
    Hooray for super tall Dads.

    Pesky kids.
    MFW May 16 £118,340
    September 17 - £109,896.73
    • f0xh0les
    • By f0xh0les 11th Sep 17, 10:34 AM
    • 934 Posts
    • 6,678 Thanks
    f0xh0les
    I love sleeping with the radio on. You like the same channel as me. It's a bad night if I hear both lots of shippin forecasts though
    Originally posted by wishingthemortgaheaway
    I have fond memories of coming home from clubbing all night to hear the UK medley of national anthems as I slipped into my bed.
    Will those days ever return?
    MFW May 16 £118,340
    September 17 - £109,896.73
    • f0xh0les
    • By f0xh0les 13th Sep 17, 9:08 PM
    • 934 Posts
    • 6,678 Thanks
    f0xh0les
    Busy day putting shelves in the chimney alcove. Getting the last mountain of books out of the way, they were left in piles on top of things all over the place when I did the shelving in the back room.

    Also had the council take away the two armchairs gifted to us from a streetlifer clearing her mother's house. They were the wrong size, shape, colour, everything, but they did us for more than 9 months, and there were no takers when I re-offered them, so off they went in the back of a van. No fire safety labels, and they were a colour that always looked grubby no matter what you did.

    So the living room looks huge now with those out of the way. Still need to finesse the arrangement a bit, but you can see that this is going to work out really well. And be a nice surprise for DH when he comes home to a tidy house with places to put things. He may well faint.

    So, course, because I have been focused on the living room today, the kitchen is a total bombsite, the kids are acting up and chasing each other around the house, and for the first time in over 3 years I got called into the headmistress's room at hometime, as she overheard something on the playground and blew it totally out of proportion. there was no malice involved, they were playing, let molehills be molehills. Her knickers were well and truly bunched though.
    MFW May 16 £118,340
    September 17 - £109,896.73
    • f0xh0les
    • By f0xh0les 14th Sep 17, 8:49 PM
    • 934 Posts
    • 6,678 Thanks
    f0xh0les
    DS4 came 62nd in the cross country race!! (out of 62)

    It was definitely the taking part that counted today.
    MFW May 16 £118,340
    September 17 - £109,896.73
    • Kittenkirst
    • By Kittenkirst 16th Sep 17, 7:12 AM
    • 1,573 Posts
    • 8,085 Thanks
    Kittenkirst
    Good on him for the taking part- I'd have given up any mthunh when I was a kid to get out of cross-country!!
    2017 MFW #20 - OP £1914.25/ £2150. 89%
    Last 3 months- Jul £172.36 Aug: £212.52 Sep £161.63

    Emergency fund £3725]/£6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • apple muncher
    • By apple muncher 16th Sep 17, 8:07 AM
    • 6,313 Posts
    • 45,948 Thanks
    apple muncher
    Well done to DS4 for keeping going right up to the finish.
    NST Sept scrimper #2; NSD 15; Ex 14; craft 212; remove 510
    2017 MFW#63 Pay off: £2883/£4050; 2
    017 sell 116

    Mortgage £24,331 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295) MFWDate Dec 2018
    • f0xh0les
    • By f0xh0les 16th Sep 17, 9:27 AM
    • 934 Posts
    • 6,678 Thanks
    f0xh0les
    I have scaffold!! Ridiculously excited now.
    MFW May 16 £118,340
    September 17 - £109,896.73
    • f0xh0les
    • By f0xh0les 16th Sep 17, 6:51 PM
    • 934 Posts
    • 6,678 Thanks
    f0xh0les
    nsd #10

    Gratitudes
    DH comes home tomorrow night
    Candles being lovely
    Hot water for baths
    Scones
    MFW May 16 £118,340
    September 17 - £109,896.73
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 16th Sep 17, 7:45 PM
    • 307 Posts
    • 1,247 Thanks
    wishingthemortgaheaway
    10 in a row??? You are awesome.

    And yay to scones. One of my favourite things.
    The 100 payment countdown (each payment = £400)
    2017
    July : £36,800 8/100
    August: £36,411.85 8/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • f0xh0les
    • By f0xh0les 17th Sep 17, 4:04 PM
    • 934 Posts
    • 6,678 Thanks
    f0xh0les
    Not quite in a row, have had 11 spend free days out of 17 so far this month. I am in the September Super Scrimpers' challenge. They keep me on track.

    I think I am going to go down to about £250 in the bank once the windows are done. Which fills me with terror.

    And the tumble dryer has stopped again - error code F04 this time, which is nice, as I know it is not the circuit board or the heating element cos they were replaced last week. It was very nice, and finished all the school uniform before it decided to go kaputt.

    DH is coming home tonight so fresh sheets on the bed and plenty of hot water for the bath. He will probably be in bed by 9.00.
    MFW May 16 £118,340
    September 17 - £109,896.73
    • greenbee
    • By greenbee 17th Sep 17, 5:13 PM
    • 12,090 Posts
    • 214,763 Thanks
    greenbee
    I'm dreading the builders starting again and emptying the bank account too foxholes! The saving bit is so much more satisfying, seeing the numbers go up.

    However, I remember from when I got my windows done the difference it made. It was less draughty (there are still draughts from the doors, but maybe I'll get them done next year), and bits didn't fall off them when I opened them. And they closed properly. And the house was warmer. They also look nicer.

    I was away for work for a week - apart from the cleaner, no one has done what they were supposed to. Garage doors are still half painted, and greenhouse base isn't down. Have had excuses from the landscaper but not the builder... I'm away next week, so if it isn't done by next Friday I'll start making a fuss. To be fair, the garage doors can't be done if it's raining...

    My next job (after getting the laundry from my next work trip done) will be to give upstairs a thorough tidy and clean so I can make room to move most of the contents of downstairs up there, including making space to work. Then I need to clear out the garage so that the rest of the stuff can go in there...
    • f0xh0les
    • By f0xh0les 17th Sep 17, 5:30 PM
    • 934 Posts
    • 6,678 Thanks
    f0xh0les
    I shan't miss the curtains gently swaying in the breeze from the closed windows then? Jolly good.

    It is rotten the way tradesmen disappear when your back is turned. Maybe we could invent some kind of tag for them to wear so you can chart their progress and see that they are actually there, like the footballers do when they play. Much less hassle than cctv.

    Yay! to moving furniture about the place. With the shelves in the chimney alcove it is suddenly easier to keep the whole room clean and tidy - well, will see if it continues when DH returns. I still have a pile of empty cardboard boxes and envelopes I don't know if I can chuck or if they are there for a reason. That will free up some more valuable space.

    Great that we all have plans!! I am list writing like a pro, and some of it is actually getting done.

    Have a great evening all.
    MFW May 16 £118,340
    September 17 - £109,896.73
    • f0xh0les
    • By f0xh0les 18th Sep 17, 11:15 AM
    • 934 Posts
    • 6,678 Thanks
    f0xh0les
    The window frames are out on the top two floors! No glass back in them yet, and for some bizarre reason they think they are going to do it all in one day. I am not so sure.

    Rang a house painty man about the exterior woodwork painting, and he told me it was the wrong time of year to do it, and I should ring back in March/April/May. So I am going to listen to him, save up, and do it either if and when the roof needs doing, or, just on their own next spring. So plan shelved but not forgotten.

    Which leads me on to the plastering, I will make quote appointments for next week as soon as the windows are done. Then( if they turn up) I am ahead of myself and know what the budget is.

    When the windows are paid for I will have a princely total of £400 to my name, until the end of the month payday, but I have worked out I will have so far spent £5500 on electrics, £1800 on new velux and £3800 on windows and scaffold.

    So just over £11k in 17 months - and I have overpaid the mortgage.

    You know, I am not too shoddy at this scrimping and saving stuff.

    Must remember to ask DH to make firm appointment with his bank for remortgage offer.
    MFW May 16 £118,340
    September 17 - £109,896.73
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 18th Sep 17, 12:55 PM
    • 307 Posts
    • 1,247 Thanks
    wishingthemortgaheaway
    I've said it before, I'm saying it now and I'll probably say it again in the future.

    You are super woman. Go you.
    The 100 payment countdown (each payment = £400)
    2017
    July : £36,800 8/100
    August: £36,411.85 8/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • f0xh0les
    • By f0xh0les 18th Sep 17, 6:32 PM
    • 934 Posts
    • 6,678 Thanks
    f0xh0les
    I've said it before, I'm saying it now and I'll probably say it again in the future.

    You are super woman. Go you.
    Originally posted by wishingthemortgaheaway
    Why thank you! Today, with my new windows, I will take it.

    DH is insisting on a takeaway as he is so tired and the house is such a mess. He has been gone 20 minutes and the house is totally back to normal. Ho hum, he is paying.

    And annoyingly the invoice is made out to Mr and Mrs F0xh0les. Suppose it covers him if I fall under a bus.
    MFW May 16 £118,340
    September 17 - £109,896.73
    • f0xh0les
    • By f0xh0les 18th Sep 17, 6:33 PM
    • 934 Posts
    • 6,678 Thanks
    f0xh0les
    Oh, today cannot be called a NSD. I wrote a cheque
    MFW May 16 £118,340
    September 17 - £109,896.73
    • greenbee
    • By greenbee 18th Sep 17, 6:36 PM
    • 12,090 Posts
    • 214,763 Thanks
    greenbee
    Ask them to redo the invoice and tell them you'll pay it when they get it right. Or send them half and tell them they can either get the other half our of Mr Foxholes or send you an invoice for the rest.

    It annoys me too. I tell them if they can find Mr Greenbee they can make him pay but I won't pay anything with his name on.

    Hope you're all nice and cosy
    Last edited by greenbee; 18-09-2017 at 6:38 PM.
    • f0xh0les
    • By f0xh0les 18th Sep 17, 6:41 PM
    • 934 Posts
    • 6,678 Thanks
    f0xh0les
    DH has been all around the house, whinged about a tiny thing, did a happy dance about no draughts, told me I am amazing and he is in awe of me.

    Woo! Awe!
    MFW May 16 £118,340
    September 17 - £109,896.73
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 18th Sep 17, 6:51 PM
    • 307 Posts
    • 1,247 Thanks
    wishingthemortgaheaway
    That is so lovely. I like mr Fox already. And I think he knows he is a very lucky man.
    Enjoy a glass of something tonight and put your feet up.
    The 100 payment countdown (each payment = £400)
    2017
    July : £36,800 8/100
    August: £36,411.85 8/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
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