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    • Schoolworker
    • By Schoolworker 15th Nov 16, 1:14 PM
    • 215Posts
    • 491Thanks
    Schoolworker
    Aim to get mortgage down before increasing again
    • #1
    • 15th Nov 16, 1:14 PM
    Aim to get mortgage down before increasing again 15th Nov 16 at 1:14 PM
    Hiya I had joined years back but in the last year been reading most of the diaries re trying to get your mortgage. I have been overpaying the mortgage for the last ten years and managed to overpay over £20k. I want to note my progress as trying to get mortgage down as much as possible before borrowing more money for a 2 Storey extension.

    We moved into our 3 bed detached 6years ago and had a mortgage of roughly £110 but to date I have managed to get this down to £60450 approx. I am overpaying £200 per month as this is ok does not affect family life otherwise husband would say something but he is happy that I am doing this. Trying to continue to put more money into our savings so that we have some money to contribute to the extension cost as well as trying to get the mortgage down to £58k or lower.

    I'm 42 with Hubble 39 and 2 kids 9 and nearly 5. We are awaiting to hear if we have planning for the rear extension and then will have to see if passed by building control afterwards and then approach our mortgage lender to see if they will allow us extra borrowing of roughly £60k. This will take up up to a higher figure than I would like but I will plod along and see how it goes,

    We are on a 5yr fixed which we took out last June at a rate of 2.34%.

    Been doing Tilly tally every Sunday and it all adds up and will transfer the extra money to the mortgage and see what else I can do to bring it down before we have to increase.

    Will try to keep you posted.
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    • Schoolworker
    • By Schoolworker 18th Jan 18, 6:43 PM
    • 215 Posts
    • 491 Thanks
    Schoolworker
    Yes I agree Cathy and will continue with overpayments but not jerodise family life.

    I have managed to change the theatre night with friend to the Wednesday night in May before we go away - really glad as I really wanted to see this.
    • Schoolworker
    • By Schoolworker 21st Jan 18, 8:48 AM
    • 215 Posts
    • 491 Thanks
    Schoolworker
    On Friday it was manic at school due to lots of phone calls about kids not coming in due to the snow and then the council decided to close school early. Dealing with this was very busy and then trying to get after school to see if they would collect my kids from school - they decided to close also. Hubbie managed to get a close friend to collect the kids at lunchtime and give son lunch as he was going a school dinner.

    I managed to get home about 1.50pm as it usually takes me 30mins to get home and went to get the kids from friends house. We were back in the house before the heavy snow started. hubbie left work early also and arrived back about 4pm. Stayed in as BB and scouts were cancelled. Hurrah.

    On Saturday the main roads were ok do football and gymnastics were on and then I went food shopping. Went to dinner last night to use a voucher hubbie had got for his birthday - it was good.
    • Schoolworker
    • By Schoolworker 26th Jan 18, 8:20 PM
    • 215 Posts
    • 491 Thanks
    Schoolworker
    Glad it's Friday as work was busy and not back until next Wednesday.

    Hubbie got paid early in January so will need to sort out what gets paid and what goes to the savings as well as sorting out the credit card-carrying spent a lot on it due to new bedroom furniture and several holiday deposits but it will be paid off in full when I do the money shuffle.

    Hubbie has booked his car driving experience he got for his birthday for august so another thing to look forward to.

    My mum had been ill since Christmas and back and forth to the doctor's to take blood. They are still not happy and doing more test and more antibiotics but she is still poorly. I'm really sorry and hope they get to the bottom.of it.
    • Schoolworker
    • By Schoolworker 5th Feb 18, 7:55 AM
    • 215 Posts
    • 491 Thanks
    Schoolworker
    Had building control guy out and we have 4 items to be done before he will release the paperwork, which is extractor fan in ensuite is not working properly - had noticed this and spoke to the builder, heat detector should be in new kitchen area as well as smoke detectors in upstairs hall as well as no external vent from cooker hood. Electrician came on Saturday and put up the detectors and replaced the extractor fan. Awaiting the builder to come to do cooker vent today as well plumber due to resell the ensuite shower as Hubble thought it was leaking so only using the main bathroom shower.

    Need to also speak to builder about a few extra things to be done. Been thinking about how we re organise the living room. Spare room is slowly getting emptied with boxed up stuff. We got our new bedroom furniture last week so need to transfer over my top drawer which has jewellery and all sorts in it - keeping our old stuff for my brother who hopes to buy a flat this year so he will have drawers and bedside cabinets to start off with.

    Today I need to go and buy chocolate and popcorn and wee packet of haribos to make up treat boxes for the school movie night which is next week (roughly about 70). Done my homework and know where the best deal is.

    Daughter school bag broke last week so had to find a new one but most of the shops I use squally go to did not have any as it not summer. Anyway went to sports direct and got a pink adidas backpack but she has been warned that this should last until the summer if it breaks then she is buying the next one herself out of her bank.

    This Thursday I'm going to dentist clinic to get the half extraction which my dentist was not able to do fully in October. Not looking forward to this at all - got the day of work so do it think I will be worth a button when it happens.

    Mum is on the road to recovery and bloods look a bit better but still going back to the doctor this week to check again.
    • Schoolworker
    • By Schoolworker 6th Feb 18, 4:20 PM
    • 215 Posts
    • 491 Thanks
    Schoolworker
    Well builder did not come yesterday as he was ill but I have had a phone call from him to say that the joiner can come tomorrow when I'm at work to do most of the jobs so that he can finished off this job.

    Been emptying drawers and sorting through old clothes to go to charity shop which is done and also some for cash for clothes - it's better than nothing for some clothes which are past their best.
    • Schoolworker
    • By Schoolworker 6th Feb 18, 4:24 PM
    • 215 Posts
    • 491 Thanks
    Schoolworker
    Made another payment today of £200 as well as something towards the savings - trying to build this back up again so we can use some of it towards a new car for hubbie later in the year.

    Made payment of one cc today of £3010 so only balance of £3 which I have until Dec 2019 to pay off as it's 0%. Happy it's down to a manageable level.

    Other cc is really high due to bedroom furniture, and holiday deposits etc so had a rejig the money a bit to pay this off.

    Had alarm guy out so had to get an extra sensor fitted in the big kitchen so that was money paid out. I think we only really need to buy new blinds for new windows and replace the other one we have as they are wrecked and over 8yrs old.
    • Schoolworker
    • By Schoolworker 8th Feb 18, 10:50 PM
    • 215 Posts
    • 491 Thanks
    Schoolworker
    Joiner came on Wednesday to do snagging and we have emailed building control guy with photos of the 4 items which have been done. Time will tell if we get the paperwork ok now. Builder was due to put shelves in 2 new cupboards but will see if this gets done shortly otherwise its finished and we will need to get another joiner to do the work.

    Today was off work as had to go to a clinic for dental surgery so asked for the day off. It was ok but glad had day off - took painkillers and had a wee nap in afternoon on my return back. Tooth had to come out and here was an abscess on the root of it. Back to work tomorrow and try to drink salted water to prevent infection.

    Sons tooth fell out so tooth fairy has come to leave a coin for him.
    • Schoolworker
    • By Schoolworker 11th Feb 18, 5:24 PM
    • 215 Posts
    • 491 Thanks
    Schoolworker
    Recently got statement from nationwide for our outstanding amount as at 31st December. Today I looked online today to see the current balance is £115,566.56.

    I have no aims to get to a certain amount but to keep on making small overpayments when i can most months so that we can later on we can bring down the term of our mortgage. In sept we extended this back up to 13years as we took on more borrowing for our extension.

    Builder due round tomorrow with a potential client and he is talking about returning to do the last 3 items in the house.
    • Schoolworker
    • By Schoolworker 17th Feb 18, 8:18 AM
    • 215 Posts
    • 491 Thanks
    Schoolworker
    Been advised by email that we have the completion certificate and it's being processed - this is good.

    On Thursday there kids went to school movie night and enjoyed it whilst me and hubbie went to the local tapas restaurant for dinner to use up vouchers we had for my birthday dinner.

    Nothing really organised for this weekend. Very quiet.

    Came home yesterday to find a note through our door from virgin media to say there is a problem and they need access into the house so they are coming on Tuesday. At the moment we have no internet so sure what has happened as it was ok the night before - kids not happy as they cannot watch Netflix.
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