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  • FIRST POST
    • ch4rly2002
    • By ch4rly2002 19th Jan 17, 2:37 PM
    • 240Posts
    • 1,016Thanks
    ch4rly2002
    Dreaming of financial freedom!
    • #1
    • 19th Jan 17, 2:37 PM
    Dreaming of financial freedom! 19th Jan 17 at 2:37 PM
    Hi everyone reading this!

    I hadn't thought about writing my own MFW diary until another user suggested it, so I have no idea if anyone will be interested in what I have to say, but I'll just post it and you can ignore if it's rubbish So here's my story...

    I turn 30 next month and I would like to be mortgage free as soon as possible. My husband and I work in IT and, at least in my company, it seems to be that most jobs are being moved abroad. My dad also worked in IT was made redundant at 53 before my parents had finished their mortgage so I think that is why I am so anxious about having mortgage debt and would like to pay it off ASAP.

    We bought our first house in 2006 and sold it three years later in the middle of the recession for a loss of £6k, which wasn't ideal but it allowed us to purchase a house we couldn't have otherwise afforded as the vendors needed a quick sale so were prepared to drop their price. We moved in to the new house at the back end of 2009 and didn't need to do anything to it, which is a good job as we didn't have any spare money at the time! After a few years I got a job that paid well and we started overpaying on the mortgage, which we decided to do rather than save up as we would get a nice lump sum if we were made redundant. I loved seeing the mortgage go down!

    In 2011 my dad was diagnosed with a progressive neurodegenerative illness, which means his brain is slowly dying and was given a life expectancy of approximately 7 years, although it differs for everyone. My parents decided to make the most of their time together and bought a static caravan by a lake, which they lived in happily for a couple of years before my dad started having too many falls to continue living there and they moved into an independent living unit near Holmfirth, which isn't too far from where my in-laws live so it made visiting them all on our weekends up from Nottingham so much easier! By 2014 my dad had deteriorated quite a bit and my husband and I discussed leaving Nottingham so we could live closer to our parents in Yorkshire. At this point, the house was valued at £170,000 and the mortgage was at £108,000. Had we stayed and continued paying the same amount each month we would be mortgage free by 2021 but if we moved we would either have to rent (which we both saw as dead money) or buy another place that would be more expensive for a comparable house so it was a difficult decision. Around the same time my father-in-law got cancer, so we decided that moving up would be the best option. The only problem was that my dad was deteriorating rapidly and it takes ages for houses in our area to sell so we'd miss the last bit of time with my dad in a reasonable condition and could miss being there for the in-laws when they needed us through the cancer treatment process. At this point, I suggested we rent out our house and buy another house closer to our parents. I first spoke to my mortgage provider and asked if there was a way to release equity from our house and move it onto a buy-to-let mortgage then purchase another property. Unfortunately they wouldn't allow us to do this, but luckily MSE sings the praises of London and Country mortgage brokers and as they don't charge a fee I thought it would be worth giving them a call. I am so glad I did! My advisor Adam found me a new residential mortgage and let-to-buy mortgage (which is apparently very similar to a buy-to-let mortgage but it is when you already owned the property when you decided to rent it out) so we could use equity from our house. A couple of months later we moved into our new house and our old house was rented out shortly after.

    After 2 years, our fixed deals have just come to an end and this is where we now stand...

    Residential mortgage:
    Started at £216,000 on 3.29% with no OPs allowed.
    From January 4th, the property has 80% LTV and is on 1.99% for 3 years with 10% OP allowed. Started at £204,000 but as I had to guess what amount I would need when I first applied 3 months ago, we were refunded £1,404 so the mortgage now stands at £202,596. The standard mortgage payment £916 but I set the DD up at £1,100 as that's what we paid before so there is an overpayment there without any hardship. I can't wait to see this go under £200k, and then I will set £10k goals.

    Buy-to-Let mortgage:
    Started at £136,000 on 4.79%, and we started making overpayments of £250pm.
    From February the property will have a 73% LTV and will be on 2.64% for 2 years. Again, we applied for this mortgage 3 months ago and I guessed £129,000 but when I checked yesterday it stood at £127,895 so we will be due some money back and will pay that off the mortgage straight away.The standard DD is £638 but I am considering whether to leave the payments at £1,000 as they previously were.

    The only fly in the ointment now is that our jobs aren't as secure as they used to be, and there are rumours of redundancy packages being dropped to statutory rates, which I understand isn't very much. This has made me think that we ought to have some savings in case one or both of us gets made redundant. We have £1500 in premium bonds saved up for house repairs but that wasn't much of a safety net. Luckily, we have just received a cheque for £4,900 from my husband's stock that he just sold so for the first time ever we finally have some security. We would have previously put it straight on the mortgage but with the current uncertainty around jobs it is nice to have a bit of a safety net. The timing couldn't be better!

    I'll be honest. I'm rubbish with budgets. I don't know how much we spend and I know I could be a lot more careful with my spending. We do have takeaways and eat out quite a bit, mainly because we both work long hours and very tired on an evening and don't want to then spend a big chunk of our evenings cooking. If I'm even more honest, part of it is laziness However, I want to change that as I'm sure we could save some real money and be healthier if we cook more so I'm thinking maybe meal plans, online shopping so I don't get tempted by add on products and don't have to give up a load of time to go to the supermarket, and maybe the odd ready meal in place of a takeaway when we're feeling tired / lazy. I am also going to have a look into slow cooker recipes that I could put on in a morning so it's ready for us as soon as we finish working.

    My goal is to start logging what we spend and make a proper budget!

    Some (limited) financial info:
    Husband earns around £3,000 net each month.
    I earn around £1,700 net each month.
    Rental income, after expenses, is £678 per month.

    Mortgage 1 £1,100
    Mortgage 2 £322 (£1,000 payment minus £678 rent, assuming we keep the payment the same)
    Car loan £500 (ends in October 2017)
    Loan to In-Laws £250 (not accruing any interest)
    Water bill £26
    Council Tax £128
    Gas & Electric £94.14
    BG Home Care £29.50
    Mobile 1 £13
    Mobile 2 £20
    Sky TV, internet and phone £70.93 (up for renewal tomorrow so will haggle or switch to Virgin)
    Car insurance £632 in 2016 (paid in a lump sum in April)
    Home insurance £491 in 2016 (paid in a lump sum in December)
    Pet insurance £69.61 in 2016 (paid in a lump sum in November)
    Landlord insurance £219.21 in 2017 (paid in a lump sum in January)
    Rent Guarantee and Legal insurance £125 in 2017 (paid in a lump sum in January)
    Gas Safety Certificate £60 (annual, paid in February)

    Unsure on food and entertainment costs (really need to get a grip on this) but after paying our credit cards we end up with between £500 and £1500 left at the end of the month, which we have recently been spending on home improvements, insurance, Christmas etc. so we haven't saved much of this. We are also thinking about joining a gym so that might also be another expense in future. If I think of any other expenses I will add them but I think that's pretty much it for now.

    I will try and update this as and when I get more information or manage to make savings / OPs. Thanks for reading!
    Last edited by ch4rly2002; 20-01-2017 at 10:44 AM. Reason: Forgot to include the current mortgage values.
Page 9
    • themadvix
    • By themadvix 19th May 17, 11:52 AM
    • 1,117 Posts
    • 6,425 Thanks
    themadvix
    You're sounding more positive at this end of the week Ch4rly - some good wins there, especially about the roof! Onepoll took most of the 28 days to come through for me last time, but I guess it might depend on when in the month they do the pay run.

    Good luck with the boot sale tomorrow - I found people didn't want to pay much more than 50p/£1 for most things, but there were a couple of bits I had a specific price in mind for - for both of them I held firm and it paid off - the right people were willing to pay the right price. Like KK, I didn't find the books/DVDs/CDs sold well at all - in the end I took these to the charity shop.

    Great news about your Grandma's blue badge too - that will make life so much easier!
    OPs 2017 = £2603/£10000
    S&S ISA = £300/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance June 2017: £99,974
    MFW2017 no. 38
    • Moominmamma89
    • By Moominmamma89 19th May 17, 12:02 PM
    • 208 Posts
    • 355 Thanks
    Moominmamma89
    Good luck for Sunday!!! Boot sales round our way all seem to be outdoors so we have a few weeks to wait yet for the warmer weather.
    Outstanding Mortgage - 139,880.15 (73% LTV)
    Current end date: January 2041 (originally August 2044)
    • ch4rly2002
    • By ch4rly2002 21st May 17, 7:19 PM
    • 240 Posts
    • 1,016 Thanks
    ch4rly2002
    Thanks for the positive thoughts / it went great, hoorah! Luckily the weather was nice and only got cloudy towards the end. Although it was only 2 hours long and it was just at the local community centre but we sold of things. Managed to make £49.40, which I'm really pleased with. I look forward to our next car boot sale
    • themadvix
    • By themadvix 22nd May 17, 12:22 PM
    • 1,117 Posts
    • 6,425 Thanks
    themadvix
    That's a great result for 2 hours!
    OPs 2017 = £2603/£10000
    S&S ISA = £300/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance June 2017: £99,974
    MFW2017 no. 38
    • ch4rly2002
    • By ch4rly2002 22nd May 17, 1:37 PM
    • 240 Posts
    • 1,016 Thanks
    ch4rly2002
    Thanks Vix The in-laws totted up last night and made almost the same, to the penny - so bizarre, but welcomed! I think we all felt we'd done well enough to make it worthwhile We sold about half of our items, and after seeing what everyone else was selling we think we have plenty that we could gather up for another car boot sale so that's the plan for when we get back from our holidays.
    Savings: Aim £13.5k. Dec 2016 £1,700 / Current £11,200
    Mortgage: Dec 2014 -£216,000 / Current -£195,420
    BTL Mortgage: Dec 2014 -£136,000/ Current -£124,790
    CC 0%: Nov 2016 -£4,500 / Current -£3,506.43
    Loan to In-Laws: Sep 2010 -£48,185.82 / Current -£31,565.49
    Student Loan: March 2011 -£18,275.04 / 29th April 2017 -£14,003.85
    • ch4rly2002
    • By ch4rly2002 26th May 17, 5:18 AM
    • 240 Posts
    • 1,016 Thanks
    ch4rly2002
    Hi All, just a quick update. DH and I are flying to America today, woo! Here's an update of the month so far and I will try and update this thread a bit if I can... I'm sure there will be many MSE fails and wins to come.

    Prolific Surveys £41.62
    Crowdology Surveys £5.12
    OnePoll Surveys £40.00
    Survey Total! £86.74

    Holiday Car Hire 20% Discount £20.00
    Free hospital parking for blood test £2.80
    Saving Total! £22.80

    Taking Grandma shopping / Gift for Holiday £100.00
    Gifts Total! £100.00

    TopCashBack £15.73
    Argos voucher from work £10.00
    Nectar Points used at Argos £55.00
    30 Dishwasher Tablets from trial £5.00
    Free Washing Powder for Bzzagent Review £5.00
    Free Pizza from Pizza Hut £22.45
    Freebie Total £113.18

    eBay Sales £77.22
    May Day Gala Sales £50.00
    Car Boot Sales £49.40
    Sales Total £176.62

    Refund for faulty toaster £48.29
    Washing machine repair - Tenants to pay £70.00
    Credit from Virgin for Internet Issues £14.66
    Nectar points used for Grandma's purchase £15.00
    MFW Wins Total £147.95

    New Door Handle at Rental Property -£80.00
    Roof Repair - Interim fix -£250.00
    Virgin call costs -£5.50
    MFW Fails Total -£335.50
    Savings: Aim £13.5k. Dec 2016 £1,700 / Current £11,200
    Mortgage: Dec 2014 -£216,000 / Current -£195,420
    BTL Mortgage: Dec 2014 -£136,000/ Current -£124,790
    CC 0%: Nov 2016 -£4,500 / Current -£3,506.43
    Loan to In-Laws: Sep 2010 -£48,185.82 / Current -£31,565.49
    Student Loan: March 2011 -£18,275.04 / 29th April 2017 -£14,003.85
    • Jessy103
    • By Jessy103 26th May 17, 10:57 AM
    • 467 Posts
    • 1,970 Thanks
    Jessy103
    Have a safe journey ch4rly and have a fantastic time in America!! x
    Original Mortgage Amount 2007 - £87,310.50
    Mortgage Amount Oct 2017 - £61,990.00
    Overpayment Target for 2017 - £5,000 /£4,060.70
    Jan - £873.26 Feb - £185.38 March - £269.07 April - £193.66 May - £467.64 June - £407.79 July - £849.96 August - £255.11 September - £177.22 October - £381.61
    • kirtsypoos
    • By kirtsypoos 26th May 17, 11:14 AM
    • 3,049 Posts
    • 13,524 Thanks
    kirtsypoos
    Have a wonderful time!
    £250/3000 OH BC(91.66% PAID)
    PAID VERY, Barclaycard x2, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID LBM 24/07/15 - Debt: £250/31010.23 (99.19% paid)
    Mortgage - £161,000.00 (2017 O/P £2221.94) PAYDBX 17 #006 - £17,309.18/14,539.71
    • Kittenkirst
    • By Kittenkirst 26th May 17, 3:27 PM
    • 1,606 Posts
    • 8,364 Thanks
    Kittenkirst
    Have a wonderful time in the US Charley! Will miss your updates whilst you are away!
    2017 MFW #20 - OP £2151.52: £2150 100%
    Last 3 months- Sep £206.32 Oct: £179.60 Nov: £12.58

    Emergency fund £3945/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • themadvix
    • By themadvix 27th May 17, 9:44 AM
    • 1,117 Posts
    • 6,425 Thanks
    themadvix
    Have a fantastic time Ch4rly!

    (Amazing totals too!)
    OPs 2017 = £2603/£10000
    S&S ISA = £300/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance June 2017: £99,974
    MFW2017 no. 38
    • EatingTheElephant
    • By EatingTheElephant 28th May 17, 8:06 AM
    • 1,152 Posts
    • 6,174 Thanks
    EatingTheElephant
    Amazing totals in your roundup there, have a great time in the US.
    • ch4rly2002
    • By ch4rly2002 26th Jun 17, 10:34 AM
    • 240 Posts
    • 1,016 Thanks
    ch4rly2002
    I'm back from sunny California, and greeted with an equally sunny Yorkshire! I can't believe the glorious weather we have had over here since we returned. Long may it continue

    Well, I didn't manage to keep track of my MSE wins and fails but some that come to mind are... replacement iPads. Ours were 5 years old and beyond decrepit. They were such a frustration that we had been considering changing them for a long time. While we were over in America the new iPad pro came out (the one we'd been eyeing up), and we worked out that if we bought them over there we'd save a few hundred, and we could also trade in our old iPads for a further discount of $145, so we bit the bullet and bought a couple of shiny new iPads. Rather than buying the Apple cases for £49 each, I ordered a couple from Amazon that got very good reviews for £9.99 each. They are great, feel just like the Apple one. I also got the apple pencil, which costs £99, using my Nectar points and we can share one between us.
    We also used hubby's IHG points for Holiday rooms during the week we spent in Texas. We got free upgrades and the rooms only cost about £100 for the week. The fuel prices are ridiculously cheap. We could fully fill the rental car's tank for $25, which is about £20. That was a blessing considering we drove 1700 miles over the week. While we were in Texas we went to the Alamo. There were signs for Alamo parking at $15, but I convinced hubby to drive one street over and we got on street parking for $1.80, which I was very pleased about. It was also a chance to curb some of our spending while it was just the two of us. The in-laws earn huge salaries and a meal that they don't bat an eyelid at is a huge spend for us so we've spent a lot more than we would have liked, but we didn't want to keep saying that we couldn't join them. I think we'd either have to budget more for the next trip over, or warn them in advance that they earn 6 times what we do so we can't go to the places they usually go. It's a tricky one, but one we need to think about as we're heading over next year for their 40th birthday and 5th wedding anniversary.

    Unfortunately hubby's Grandma passed away while we were on holiday. We were sad not to be here for the in-laws to comfort and support them, but we were also glad that we were with his brother as this is the third - and final - grandparent that has passed away while he's been living over there and he seems to feel a bit isolated from the family when things like this happen. The in-laws asked if we wanted to buy any flowers for the funeral but we thought the money would be best used for the living so we're giving a donation to Macmillan. It's the MSE in me - the flowers are used for an hour, tops, and then are just put to one side but a charity donation can make a difference so it feels like a better use of the money. The in-laws bought a beautiful spray for the top of the coffin and there was a lovely bunch from the Grandchildren (which I think the brother-in-law got) so it felt like there were enough flowers.

    It seems to be a popular time to ask for charity donations at the moment. BIL is abseiling off the side of his work building and is raising $3000 so we'll need to make a donation after pay day. Lots of friends are asking on FB too, so I've donated to one so far but I need to strike the balance between supporting friends and not bankrupting ourselves.

    It's back to reality for me now so back to work and back to thinking of ways to save/earn money. I started by doing a large online shop from Sainsbury's, which was covered by gift vouchers for all but £4 of it. I have also started back on the surveys and I sold a couple of items on eBay over the weekend. All in all, not too bad.
    Savings: Aim £13.5k. Dec 2016 £1,700 / Current £11,200
    Mortgage: Dec 2014 -£216,000 / Current -£195,420
    BTL Mortgage: Dec 2014 -£136,000/ Current -£124,790
    CC 0%: Nov 2016 -£4,500 / Current -£3,506.43
    Loan to In-Laws: Sep 2010 -£48,185.82 / Current -£31,565.49
    Student Loan: March 2011 -£18,275.04 / 29th April 2017 -£14,003.85
    • Jessy103
    • By Jessy103 26th Jun 17, 12:04 PM
    • 467 Posts
    • 1,970 Thanks
    Jessy103
    Hi Ch4rly! I'm glad you had a great time but sorry to hear about DH's Gran. Good luck with getting back on track and it sounds like you've already made a great start!
    Original Mortgage Amount 2007 - £87,310.50
    Mortgage Amount Oct 2017 - £61,990.00
    Overpayment Target for 2017 - £5,000 /£4,060.70
    Jan - £873.26 Feb - £185.38 March - £269.07 April - £193.66 May - £467.64 June - £407.79 July - £849.96 August - £255.11 September - £177.22 October - £381.61
    • themadvix
    • By themadvix 27th Jun 17, 8:30 AM
    • 1,117 Posts
    • 6,425 Thanks
    themadvix
    Sounds like you had a lovely time! Very sad about DH's Gran, but good that him and his brother were able to support each other.

    Sponsoring people is difficult isn't it? Especially as I often feel that people expect you to give them money for something that might not be much of a challenge for them or is even enjoyable! The advantage of working from home/for myself is I don't get asked for too much sponsorship money!
    OPs 2017 = £2603/£10000
    S&S ISA = £300/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance June 2017: £99,974
    MFW2017 no. 38
    • ch4rly2002
    • By ch4rly2002 11th Jul 17, 1:49 PM
    • 240 Posts
    • 1,016 Thanks
    ch4rly2002
    Hope everyone's well. It's tipping it down here which usually makes me feel a bit miserable, but not today as I'm celebrating... the mortgage on the buy-to-let property is now under £126k, meaning it's gone down by £10k since we started renting the property. First milestone on the B-T-L mortgage achieved

    DH and I have decided to put the house on the market with the intention of moving back to Nottingham. Since his Grandma passed away and his dad has been given the all clear for cancer, his parents would be able to visit us in Nottingham. We'd be able to stay with them when we come up to see my mum and dad, and my mum has a spare bed if I wanted to stay over with her. We've struggled to keep up with our friends in Nottingham, and my mum has said that when my dad passes away she'd happily move to Nottingham so we'd still be close by if she needed me. I think the main drivers for this decision were that we feel the need to be in the office more, and this house needs so many 'behind the scenes' repairs that we could easily throw £25k at the place and not add any value. With the uncertainty of Brexit and the BoE talking about increasing bank rates (and I heard last week that the economy and housing market seems to be getting to the point it was at before the last housing bubble/recession) we don't want to get stuck in a house we're not happy in. So, at the weekend we started mission 'de-clutter and get house ready to go on the market'. We're hoping to find lots of things to take to a car boot to raise some extra funds and not have to keep dragging the same clutter round the country forever! It would also help if we found a smaller house that we wanted, but to be honest we've spotted a house we love which is bigger. The idea would be to have a home gym and shared study if we got an extra 1 or 2 bedrooms. I'm giving myself this week to tidy up/declutter and hopefully next week we can get a valuation... fingers crossed it comes back ok!

    Surveys are going well. I'm at £12.95 on OnePoll, which doesn't seem too bad considering that I had a payout shortly before my holiday and wasn't on it for 3 weeks. I've had some well paid surveys on Prolific too so I'm really happy about that as it had gone quiet in recent times. I've also claimed £4.23 from Crowdology and am currently getting a PayPal email added to Pinecone so I can start claiming from that site too. All in all, not too shabby.

    I also found £20 in my purse that I'd moved to the back when I went on holiday. It's not a saving or 'extra' money, but as it was forgotten, I'll take that as a nice little bonus and will add it into my regular saver fund

    We're just £225 off my £10k emergency fund total. I can't believe it. We're normally so bad at saving and when I set the goal it seemed a like an impossible target. Half of that came from DH's work shares being sold, so we didn't have to save up for that, but the other ~£5k has been saved/earned through MSE and MFW tips and ideas, such as I didn't realise you could buy £50 per month in NS&I bonds if you do it through a standing order. £100 seemed to be unattainable but £50 is manageable. When I think of all the months I missed saving by not knowing and my eBay sales/car boot sales. It turns out people will buy anything so I'll sell anything now either at a CB sale or eBay (even if it means relisting repeatedly). Also, the generosity of my Grandma can't be overlooked. It's all got me to within a whisker of my goal, and for that I am extremely grateful, and sleep a lot better at night because of it.

    Right, break time's over. Back to work for me!
    Last edited by ch4rly2002; 11-07-2017 at 1:52 PM.
    Savings: Aim £13.5k. Dec 2016 £1,700 / Current £11,200
    Mortgage: Dec 2014 -£216,000 / Current -£195,420
    BTL Mortgage: Dec 2014 -£136,000/ Current -£124,790
    CC 0%: Nov 2016 -£4,500 / Current -£3,506.43
    Loan to In-Laws: Sep 2010 -£48,185.82 / Current -£31,565.49
    Student Loan: March 2011 -£18,275.04 / 29th April 2017 -£14,003.85
    • Jessy103
    • By Jessy103 11th Jul 17, 6:06 PM
    • 467 Posts
    • 1,970 Thanks
    Jessy103
    Wow! A lot has happened in the past week or so! Good luck with the decluttering and the house valuation! You've got to do what's best for you and DH and if that means moving back to Nottingham then you're doing the right thing! Just make sure you keep us updated! x

    P.S Congratulations on the milestone with the B-T-L mortgage and the emergency fund!
    Original Mortgage Amount 2007 - £87,310.50
    Mortgage Amount Oct 2017 - £61,990.00
    Overpayment Target for 2017 - £5,000 /£4,060.70
    Jan - £873.26 Feb - £185.38 March - £269.07 April - £193.66 May - £467.64 June - £407.79 July - £849.96 August - £255.11 September - £177.22 October - £381.61
    • Kittenkirst
    • By Kittenkirst 11th Jul 17, 7:24 PM
    • 1,606 Posts
    • 8,364 Thanks
    Kittenkirst
    Fantastic progress Charley! No wonder you are buzzing!!!

    Your figures are all looking pretty marvelous!

    Can I ask with prolific do you log on via iPad/computer as when're I check it on my phone there's either no available surveys or they are incompatible with my iPhone, I'm not sure if I'm missing something?
    Notts is a lovely place, I go quite regularly and find something new I love with every visit
    2017 MFW #20 - OP £2151.52: £2150 100%
    Last 3 months- Sep £206.32 Oct: £179.60 Nov: £12.58

    Emergency fund £3945/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • shangaijimmy
    • By shangaijimmy 11th Jul 17, 7:35 PM
    • 2,227 Posts
    • 10,249 Thanks
    shangaijimmy
    Great progress and decisions made. Be ruthless now, get rid of all the junk!! I dread the thought of moving because of all the clutter we've accumulated - plastic noisy s**t mostly from grandmas charity shop visits!
    MFW: Turning June 2036 into March 2023... 32//120 Payments Challenge, Diary Reduction £34,271.00
    Aug 2009: £163,051 // Current: £101,729.00 // Avg Daily Interest £4.57
    MFiT-T4 #8 - 56.74% of £41,000
    • themadvix
    • By themadvix 12th Jul 17, 9:26 AM
    • 1,117 Posts
    • 6,425 Thanks
    themadvix
    Wow, lots of stuff going on for you Ch4rly! I think if you're not happy, then it's definitely the right decision to move - it sounds like you've thought about all the options.

    Good luck with the decluttering - I'm finding with most of my kitchen packed away that it's amazing what you can live without!
    OPs 2017 = £2603/£10000
    S&S ISA = £300/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance June 2017: £99,974
    MFW2017 no. 38
    • ch4rly2002
    • By ch4rly2002 12th Jul 17, 9:35 AM
    • 240 Posts
    • 1,016 Thanks
    ch4rly2002
    Thanks Jessy I'm really pleased with the milestones and we came to the conclusion that now is the right time to start putting ourselves first.

    Thanks for the words of encouragement KK, I'm pretty pleased with the how the figures are looking. I normally use my computer for Prolific and it shows three icons for PC, tablet and smartphone. The smartphone is nearly always crossed out with a red line as so many surveys are not compatible with a phone. If you have an iPad or laptop you can use it might be worth a try If we do end up back in Nottingham you'd be welcome to come and stay over with the GF... we've lived there years and there are still things we haven't done!

    Hi Shangaijimmy Yes, it is a bit of a daunting thought. I've just about come to the realisation that we need to be ruthless as we have ended up with barely anything for the sell/donate piles (I think DH and I have the potential to turn into hoarders!). I'll be taking a tougher stance from now on!

    We're trying to only spend money on the house that will we will get back or that will help it sell now. One thing that we noticed when we moved in, and has been commented on by every visitor since, is the creaky laminate in the porch and hallway. I think it's important to make the right first impression so I rang my friend who is a carpet fitter and he has been to measure up and give us a price. £250 all in for matted entrance carpet in the porch, a nice neutral carpet in the hallway with underlay and all the carpet grippers etc. It was cheaper than I expected so I'm happy with the price and I do think it will make a difference when we have viewings (I'll also enjoy it while we're still living in the house as it was a constant annoyance).

    We rang the estate agent of the house we have our eye on as we're visiting friends in Nottingham this weekend and thought it would be the ideal time to take a look. They were really funny about it. The woman on the phone took all my details (presumably so she can add me to some mailing list and spam me with houses they're selling) then she said "hang on, I'll have to check the status of the property". I was thinking that meant maybe it had sold but she came back and said all viewings are on hold for that property. We ask if that meant they were on holiday and viewings would start again soon but she got all flustered and gave a non-answer. The house has been on the market a year now so it could mean that they've decided not to sell or it might be going to auction, who knows. So, we're not sure if the house is still for sale and if we'll get a viewing but it's definitely up there as one of the best we've seen. Gutted

    I'm setting myself a few goals, so I want to document them on here to keep me focussed:
    - At least an hour of tidying/decluttering every day (the more the better though)
    - Be ruthless with sorting (I'm going to ask myself if the item brings me joy)
    - List at least one item on eBay/FB every day
    Last edited by ch4rly2002; 12-07-2017 at 9:43 AM.
    Savings: Aim £13.5k. Dec 2016 £1,700 / Current £11,200
    Mortgage: Dec 2014 -£216,000 / Current -£195,420
    BTL Mortgage: Dec 2014 -£136,000/ Current -£124,790
    CC 0%: Nov 2016 -£4,500 / Current -£3,506.43
    Loan to In-Laws: Sep 2010 -£48,185.82 / Current -£31,565.49
    Student Loan: March 2011 -£18,275.04 / 29th April 2017 -£14,003.85
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