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  • FIRST POST
    • Moominmamma89
    • By Moominmamma89 1st Sep 16, 8:58 PM
    • 135Posts
    • 203Thanks
    Moominmamma89
    Baby steps towards mortgage freedom
    • #1
    • 1st Sep 16, 8:58 PM
    Baby steps towards mortgage freedom 1st Sep 16 at 8:58 PM
    Hello Everyone

    After lurking for around the last two years and being inspired by so many other diaries I thought it was about time to start my own.

    Me and DH are both 27 and this is the fourth house we have lived in - in fact it was the only one we ever had to re-mortgage as we managed to stay put until the initial fix came to an end! We currently have a little boy (5 yrs) and a little girl who arrived 10 weeks ago.

    Our house is a three bed Victorian terrace which we brought for 170k in 2014 on a 95% mortgage. We re-mortgaged in June this year at 80% with a 2.99% interest rate and fixed for 5 years - the house was revalued at 192k as we had put the original third bedroom back by taking out an en-suite.

    Our long term aim is to be mortgage free by the time we are 40 and if we stay in this house I think it will be just about possible, however it sometimes feels a little small and we would like another baby in the future so I doubt this will be our forever home. So in the short term we are aiming to have the mortgage down to 60% LTV for when the current fix ends in June 2021 which is around 115,200.

    To reach our target I have worked out that we need to be making over payments of around 250 a month which so far we have managed but I think this may become trickier once my maternity pay tails off.

    I am hoping having a diary and de-lurking will help keep me motivated.
    Last edited by Moominmamma89; 11-01-2017 at 4:21 PM.
Page 6
    • ch4rly2002
    • By ch4rly2002 5th Apr 17, 2:34 PM
    • 181 Posts
    • 715 Thanks
    ch4rly2002
    Good luck tomorrow! Don't be nervous, what will be will be so just focus on what you want to say to make a case for working part time
    Savings: Aim 10k. Dec 2016 1,700 / Current 9,075
    Mortgage: Dec 2014 -216,000 / Current -199,400
    BTL Mortgage: Dec 2014 -136,000/ Current -126,600
    Loan to In-Laws: Sep 2010 -48,185.82 / Current -35,655.49
    Student Loan: March 2011 -18,275.04 / Current -14,310.60
    CC 0%: Nov 2016 -4,500 / Current -3,724.38
    • Moominmamma89
    • By Moominmamma89 6th Apr 17, 6:41 PM
    • 135 Posts
    • 203 Thanks
    Moominmamma89
    Thanks for the wishes of luck ch4rly2002 but my meeting was cancelled late last night and now wont happen until end of the month. My boss had to go out to a meeting or something so it needs to be re-arranged - all that worrying for nothing (typical).

    In the end me and Button still went down to the office as Mr Moomin had promised to take us for lunch after the meeting and said offer was still there - me and my little one are not ones to say no to food, so we had TGIs which was very yummy.

    I sent across the April OP of 340 today but because of bank holidays I don't think I will be able to update my signature until after next weekend.

    We are off on holiday tomorrow so will be back next week hopefully with some plans to bring in some extra money - I just want to have a chat with Mr Moomin while we are away to make sure they are feasible and not total laughable. We have not told Munchkin about the trip yet and I can't wait to see his face in the morning when we tell him .

    Hope everyone has a lovely weekend xx
    Outstanding Mortgage - 143,332.59 (75% LTV)
    Current end date: May 2041 (originally August 2044)
    • atypicalblonde
    • By atypicalblonde 6th Apr 17, 9:29 PM
    • 2,091 Posts
    • 11,939 Thanks
    atypicalblonde
    Have a great trip xx
    MFW
    Mortgage 8.2.15 - 171,064.64 Mortgage 29.4.17 - 128,990
    Aiming to be MF 1.10.2020
    • Moominmamma89
    • By Moominmamma89 11th Apr 17, 1:17 PM
    • 135 Posts
    • 203 Thanks
    Moominmamma89
    We are back - the trip was lovely and I thought Munchkin was going to combust with excitement . We told him we had a surprise and took him to Longleat Safari first which he loved - the monkeys jumped all over the car which was fun as there were a few baby ones.

    He didn't realise we were staying down there until after the day at Longleat - he was very concerned he hadn't got his toothbrush until I told him I had packed it! I ate far too much (7lbs heavier this morning ) but it was such a nice break and we were so lucky with the weather. Swimming was definitely Munchkin's favourite and he had a go at crossbows. Button just enjoyed being cooed over by everyone I think and getting to try lots of different food .

    Certainly a change coming back to the Midlands after all the greenery. I am originally from the South West and don't think I will ever get used to living here, our long (long) term plan is to move down towards Bath when Mr Moomin retires.

    So obviously no OPing news from me. I was lucky and won 150 on this month's Bonds but it gets re-invested back in as the money in the Bonds is used for something specific so I don't touch any winnings either. Also upto 10.75 on YouGov which I am happy with.

    Have spent this morning getting our washing done and packed away. Also reconciled our joint account to double check we didn't overspend. Munchkin is with my mum today so just me and Button today - we had a quick walk this morning but it was quite windy so didn't stay out long. Have a few emails to catch up on while she is still napping so off I go!

    Hope everyone is having a good week
    Outstanding Mortgage - 143,332.59 (75% LTV)
    Current end date: May 2041 (originally August 2044)
    • ch4rly2002
    • By ch4rly2002 11th Apr 17, 1:24 PM
    • 181 Posts
    • 715 Thanks
    ch4rly2002
    Sounds like you all had a great time at Longleat. Don't worry about the extra few lbs, I'm sure they'll drop off again soon, and the pleasure lasts not only while you were there enjoying the safari and all the lovely food but the memories last a lifetime too.

    Well done on the PB win. You might not be able to touch it now, but at least it's another 150 entries into future draws
    Savings: Aim 10k. Dec 2016 1,700 / Current 9,075
    Mortgage: Dec 2014 -216,000 / Current -199,400
    BTL Mortgage: Dec 2014 -136,000/ Current -126,600
    Loan to In-Laws: Sep 2010 -48,185.82 / Current -35,655.49
    Student Loan: March 2011 -18,275.04 / Current -14,310.60
    CC 0%: Nov 2016 -4,500 / Current -3,724.38
    • Moominmamma89
    • By Moominmamma89 12th Apr 17, 1:33 PM
    • 135 Posts
    • 203 Thanks
    Moominmamma89
    Not much to report - had another YouGov survey this morning so now upto 11. Spent the morning in town with the kids as had to pick up fabric for my sewing class this Friday - we are making skirts (wish me luck). I went with a black so hopefully any mistakes will be less noticeable and it will go with a lot of stuff I already have if it is wearable.

    I thought I would carry Button instead of bringing the pram so now my arms feel like they are about to drop off which means a lazy afternoon in the house for us all.

    x
    Outstanding Mortgage - 143,332.59 (75% LTV)
    Current end date: May 2041 (originally August 2044)
    • Moominmamma89
    • By Moominmamma89 16th Apr 17, 10:21 AM
    • 135 Posts
    • 203 Thanks
    Moominmamma89
    Happy Easter - hope everyone is having a lovely time whatever your plans.

    Mr Moomin has taken the children to visit MIL so I am off to my mums for lunch later. We are not religious so don't mind having separate plans today as the only part of Easter we partake in is the chocolate .

    Have spent this morning getting tidied up and reconciling the joint account. Have had to get Munchkin some new uniform as he has to have shorts, these used to be optional but new headmaster has made a different summer uniform compulsory came to almost 40 which is annoying.

    Going to watch a DVD now and do some quilting, with Mr Moomin away I can watch something I know wouldn't interest him and not feel guilty about him having to sit through it with me.

    Hoping my OP will be applied Tuesday to allow me to update my signature .

    x
    Outstanding Mortgage - 143,332.59 (75% LTV)
    Current end date: May 2041 (originally August 2044)
    • atypicalblonde
    • By atypicalblonde 16th Apr 17, 10:25 AM
    • 2,091 Posts
    • 11,939 Thanks
    atypicalblonde
    Happy Easter! Enjoy your child free time xx
    MFW
    Mortgage 8.2.15 - 171,064.64 Mortgage 29.4.17 - 128,990
    Aiming to be MF 1.10.2020
    • Moominmamma89
    • By Moominmamma89 19th Apr 17, 12:36 PM
    • 135 Posts
    • 203 Thanks
    Moominmamma89
    Hello everyone!

    Munchkin is back at school and was very excited this morning about seeing his friends again. I will miss him but it was nice to have a morning with just Button and get back into our normal routine.

    I have my sewing class later and have all the pieces for my skirt cut out so hopefully start getting it sewed together later.

    No OPing news but have updated my signature as online account has been updated. If we keep up these levels of OPs we are still on track to be below 140k by October .

    Hope everyone is having a lovely week
    Outstanding Mortgage - 143,332.59 (75% LTV)
    Current end date: May 2041 (originally August 2044)
    • ch4rly2002
    • By ch4rly2002 19th Apr 17, 3:11 PM
    • 181 Posts
    • 715 Thanks
    ch4rly2002
    Well done Moominmamma! Below 140k by October is a great target, and it's great that you're still on track for it. Have you thought about adding a running total of your OP amount for the year in your signature? I've seen it on a few, but I don't have room with all my many lines of money owed Just thought it might keep you spurred on
    Savings: Aim 10k. Dec 2016 1,700 / Current 9,075
    Mortgage: Dec 2014 -216,000 / Current -199,400
    BTL Mortgage: Dec 2014 -136,000/ Current -126,600
    Loan to In-Laws: Sep 2010 -48,185.82 / Current -35,655.49
    Student Loan: March 2011 -18,275.04 / Current -14,310.60
    CC 0%: Nov 2016 -4,500 / Current -3,724.38
    • Moominmamma89
    • By Moominmamma89 19th Apr 17, 9:03 PM
    • 135 Posts
    • 203 Thanks
    Moominmamma89
    Hi ch4rly - I have a spreadsheet that shows what I have OP'd this year and where it has come from. Used to do a breakdown on here as each OP went so maybe I will start that again. I agree thou my spreadsheet is a great motivator and definitely helps me stay on track!
    Outstanding Mortgage - 143,332.59 (75% LTV)
    Current end date: May 2041 (originally August 2044)
    • Moominmamma89
    • By Moominmamma89 20th Apr 17, 12:11 PM
    • 135 Posts
    • 203 Thanks
    Moominmamma89
    It is Granny day for Munchkin today so he was happy setting off for school today - we are very lucky to live so close to my mum and that she is such a big help. Me and Button went for a walk and I brought myself a magazine and lunch, which was not very MSE of me but I have managed to throw my back out and so thought I deserved something to cheer myself up.

    Sewing class last night was fun and I have something that is starting to resemble a skirt. I does give me a new appreciation of how much work goes into making a piece of clothing thou.

    In other news my SIL has found out she is expecting a boy . This will be my first nephew so I'm very excited and going to start planning a quilt for the new arrival who should be here by September. Munchkin was also very excited that the family are gaining a boy after 3 nieces and a little sister I think he was feeling outnumbered.

    Have a good day everyone x
    Outstanding Mortgage - 143,332.59 (75% LTV)
    Current end date: May 2041 (originally August 2044)
    • Moominmamma89
    • By Moominmamma89 21st Apr 17, 12:00 PM
    • 135 Posts
    • 203 Thanks
    Moominmamma89
    Yay it is Friday

    We have our usual pizza and movie night later, Munchkin is excited to get another Easter egg that we had to store away as there was so much junk in the house last weekend!

    Back is much better today but I think lifting Button is slowing the recovery, lucky she is cute. I have taught her to "mwah" everytime you blow a kiss at her - maybe not the most practical of skills but again very cute.

    Hope everyone has a great weekend x
    Outstanding Mortgage - 143,332.59 (75% LTV)
    Current end date: May 2041 (originally August 2044)
    • Moominmamma89
    • By Moominmamma89 25th Apr 17, 12:13 PM
    • 135 Posts
    • 203 Thanks
    Moominmamma89
    No news in the Moomin house really. Button had her 10 month review yesterday and has been referred for a hearing test as her communication skills are a little behind and after what happened with Munchkin the health visitor offered me the hearing assessment to put my mind at rest. She was lovely and said she doesn't think there is anything to worry about but best to just get it all checked.

    I should have my meeting with work on Thursday and Mr Moomin has said he will take me and Button to lunch again so looking forward to that. Thursday is also pay day so hoping to be able to make another 340 op in May.

    Only other it of MSE news is I am up to 12.25 in my YouGov account so nearly a quarter of the way there.

    Hope everyone is having a good day x
    Outstanding Mortgage - 143,332.59 (75% LTV)
    Current end date: May 2041 (originally August 2044)
    • ch4rly2002
    • By ch4rly2002 25th Apr 17, 1:00 PM
    • 181 Posts
    • 715 Thanks
    ch4rly2002
    I'm glad the health visitor is looking after you and Button.

    Good luck for Thursday
    Savings: Aim 10k. Dec 2016 1,700 / Current 9,075
    Mortgage: Dec 2014 -216,000 / Current -199,400
    BTL Mortgage: Dec 2014 -136,000/ Current -126,600
    Loan to In-Laws: Sep 2010 -48,185.82 / Current -35,655.49
    Student Loan: March 2011 -18,275.04 / Current -14,310.60
    CC 0%: Nov 2016 -4,500 / Current -3,724.38
    • Moominmamma89
    • By Moominmamma89 26th Apr 17, 11:43 AM
    • 135 Posts
    • 203 Thanks
    Moominmamma89
    So we ended up doing something very un-MSE and booked a holiday yesterday for the end of May . It is the weekend before I'm due back at work and as Munchkin's birthday is on that week we thought we would just use it as an excuse and get away for a weekend. As we are still unsure about staying in this house long-term we used the long-term DIY savings to pay for it but I think this is a better use of the money tbh.

    My meeting with work is tomorrow and I have got all the info I want to put across to try and convince them to let me come back part-time - if I could it would mean we could increase our OPing ability from July onwards so fingers crossed.

    Did anyone else have snow? We have had two flurrys yesterday and one about 10 mins ago - and here is me trying to sort through the monsters clothes so I know what I needed to buy for the hotter weather .

    x
    Outstanding Mortgage - 143,332.59 (75% LTV)
    Current end date: May 2041 (originally August 2044)
    • Moominmamma89
    • By Moominmamma89 27th Apr 17, 3:24 PM
    • 135 Posts
    • 203 Thanks
    Moominmamma89
    I'm back and work have agreed to me returning part time . It is for a trail period but I am confident I can make it work so fingers crossed it will be made permanent. So first day back is 1st June only 35 days (if my maths is right!). The year has gone so quick.

    As it's payday I have done the usual transfers and have the 340 May OP sitting in the e-savings account ready to go on the 6th. This will bring me pretty much upto my yearly target so what with work agreeing my hours it seems like a good time to set a new updated target - will have a word with Mr Moomin later .

    Me and Button also had TGIs which was yummy but she missed her nap and is now a little grumpy!!! Trying to fall asleep on me but i think she is past it and now overtired. All in all thou a good day has been had.

    x
    Outstanding Mortgage - 143,332.59 (75% LTV)
    Current end date: May 2041 (originally August 2044)
    • ch4rly2002
    • By ch4rly2002 27th Apr 17, 9:52 PM
    • 181 Posts
    • 715 Thanks
    ch4rly2002
    Congratulations, that is fantastic news! I am so pleased for you. Glad you had a nice lunch to celebrate, and it sounds as though you are steaming ahead with the OPs
    Savings: Aim 10k. Dec 2016 1,700 / Current 9,075
    Mortgage: Dec 2014 -216,000 / Current -199,400
    BTL Mortgage: Dec 2014 -136,000/ Current -126,600
    Loan to In-Laws: Sep 2010 -48,185.82 / Current -35,655.49
    Student Loan: March 2011 -18,275.04 / Current -14,310.60
    CC 0%: Nov 2016 -4,500 / Current -3,724.38
    • Moominmamma89
    • By Moominmamma89 28th Apr 17, 10:26 AM
    • 135 Posts
    • 203 Thanks
    Moominmamma89
    Had a chat with Mr Moomin last night about what we are going to OP in the last half of 2017 and we have agreed to OP 680 a month meaning we should knock a year off the mortgage which would be fantastic.

    So my revised target for 2017 OP is 7,194.84 instead of 2,880 . I do like a challenge . Once the May OP goes next month we will have paid 2,774.84 so according to my spreadsheet we are 39% of the way there.

    Only thing I'm a bit worried about is the rumors of another property crash this year as we are not looking to stay here long term and had thought about a move next year now everything with work has settled down. Spose as we can't do anything we just need to keep plugging away at the mortgage but I'm a worrier by nature .

    Anyway I hope everyone has a good weekend to look forward to - I'm off to Glastonbury tomorrow with my mum and stopping in to see some friends who are still down South on the way back .

    x
    Outstanding Mortgage - 143,332.59 (75% LTV)
    Current end date: May 2041 (originally August 2044)
    • Moominmamma89
    • By Moominmamma89 2nd May 17, 9:24 AM
    • 135 Posts
    • 203 Thanks
    Moominmamma89
    Oh a new month - I will have to get on with thinking up some May goals as this is my last month of maternity leave. It all just went so quick!

    Spent the weekend getting the kids some new clothes and sorting through their rooms. I really need to start fleabaying or online selling as have some decent stuff that I don't want to just bin. It's just getting the motivation to get started.

    I have a top up shop to do this morning once Button is up from her morning nap and need to get the house straighten up after the weekend!

    Hope everyone has a good day and a good May .
    Outstanding Mortgage - 143,332.59 (75% LTV)
    Current end date: May 2041 (originally August 2044)
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