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  • FIRST POST
    • ruby_eskimo
    • By ruby_eskimo 20th Jan 17, 7:45 PM
    • 2,229Posts
    • 12,433Thanks
    ruby_eskimo
    Ruby's Bought a House, Now I want to Own It!
    • #1
    • 20th Jan 17, 7:45 PM
    Ruby's Bought a House, Now I want to Own It! 20th Jan 17 at 7:45 PM
    Hi everyone! I'm Ruby and we moved into our first house last Friday (13th January '17), haven't even made the first mortgage payment yet and right away we want to take the first steps to getting mortgage free. We live in Surrey, where property prices are high to say the least. Luckily enough we managed to get on the HTB wagon and have a 95% mortgage - however we've had to go for a 35 year term. I really don't want to be paying my mortgage when I'm 50+ so I'm hoping to have it gone in 20 years if not sooner!

    At the moment we have a holiday to pay for later on in the year (but I have a separate plan for that) and just some small projects around the house. We're planning on building some savings for emergencies and then allocating extra's to the Mortgage fund.

    Hoping to get some inspiration and support from all of you - and try to be as thrifty as possible!
    Emergency Fund - £1000 / £1,000 :: Holiday Fund -£3,600 / £3,600
    Sealed Pot 2017 #24 :: VSP #29 - £110.56:: NSD 2017 - 12 / 200 Weight Loss: 34 / 51lbs May GC - £0/ £200
    Engaged 9th December 2010 Married 29th October 2015
Page 1
    • Kittenkirst
    • By Kittenkirst 20th Jan 17, 9:03 PM
    • 1,594 Posts
    • 8,235 Thanks
    Kittenkirst
    • #2
    • 20th Jan 17, 9:03 PM
    • #2
    • 20th Jan 17, 9:03 PM
    Hi Ruby! Congrats on the new house, it's such a wonderful feeling isn't it
    2017 MFW #20 - OP £1958.94/ £2150 91%
    Last 3 months-Aug: £212.52 Sep £206.32 Oct: £176.97

    Emergency fund £3880/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • beanielou
    • By beanielou 20th Jan 17, 10:14 PM
    • 47,794 Posts
    • 173,533 Thanks
    beanielou
    • #3
    • 20th Jan 17, 10:14 PM
    • #3
    • 20th Jan 17, 10:14 PM
    Happy shiny new diary
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • michelle09
    • By michelle09 20th Jan 17, 10:38 PM
    • 308 Posts
    • 1,022 Thanks
    michelle09
    • #4
    • 20th Jan 17, 10:38 PM
    • #4
    • 20th Jan 17, 10:38 PM
    Good luck Ruby!
    • ruby_eskimo
    • By ruby_eskimo 23rd Jan 17, 2:14 PM
    • 2,229 Posts
    • 12,433 Thanks
    ruby_eskimo
    • #5
    • 23rd Jan 17, 2:14 PM
    • #5
    • 23rd Jan 17, 2:14 PM
    Thanks for the support everyone. Had our first major house problem this weekend - a totally flooded kitchen on Sunday! When we moved in, the water inlet for the washing machine was leaking slightly as the tap wouldn't turn completely off. Had our washing machine delivered last Monday, connected it up and everything appeared to be fine. Turns out the tap that wasn't fully closed, also wasn't fully open when it appeared to be. Cue a bang and a torrent of water coming out of the pipe where the pressure had built up so much that it caused the bolt to sheer off. Luckily we were in at the time and we know a plumber who lives not too far away, but we did have a point where there was about 2 inches of water in our kitchen and it's seeped under the floor into the living and dining rooms. Have been home owners just over a week and already have an insurance claim in. It's going to cost us £350 excess but it's a relatively small price to pay if we need a lot of work doing. I'm really paranoid about leaks as DH's sister had a leak in her bathroom that ended up in them having to move out for 6 months while all the flooring in their flat was replaced!

    On the plus side, managed to only spend £28 on food for the week which is pretty good going and I get paid on Thursday so will be squirrelling away some cash then.
    Emergency Fund - £1000 / £1,000 :: Holiday Fund -£3,600 / £3,600
    Sealed Pot 2017 #24 :: VSP #29 - £110.56:: NSD 2017 - 12 / 200 Weight Loss: 34 / 51lbs May GC - £0/ £200
    Engaged 9th December 2010 Married 29th October 2015
    • lippy1923
    • By lippy1923 23rd Jan 17, 2:30 PM
    • 1,230 Posts
    • 3,428 Thanks
    lippy1923
    • #6
    • 23rd Jan 17, 2:30 PM
    • #6
    • 23rd Jan 17, 2:30 PM
    Welcome to the board. Sorry to hear about the leak/flood. Hopefully that will be the last emergency for a long time.
    Will be reading with interest.
    Lippy
    Total Mortgage OP £17,500
    House Value £250,000 Mortgage £93,703
    Emergency Fund £25,500

    • pawlala
    • By pawlala 23rd Jan 17, 3:12 PM
    • 1,214 Posts
    • 3,228 Thanks
    pawlala
    • #7
    • 23rd Jan 17, 3:12 PM
    • #7
    • 23rd Jan 17, 3:12 PM
    subscribed, sorry to hear about the flooding, good luck with your MFW journey!
    Mortgage free: New Year's Eve 2013!
    Mortgage free II: Est. Dec 2019
    • ruby_eskimo
    • By ruby_eskimo 24th Jan 17, 10:48 AM
    • 2,229 Posts
    • 12,433 Thanks
    ruby_eskimo
    • #8
    • 24th Jan 17, 10:48 AM
    • #8
    • 24th Jan 17, 10:48 AM
    Thanks for the support lippy123 and pawlala. The floor in the kitchen definitely needs to be replaced as it's lifting all over the place this morning and the living/dining room is definitely more springy than it was. Was hoping for a NSD today but need to buy some more screen wash one of my headlight bulbs needs replacing so need to pick a new one up. The drive to work this morning was certainly interesting with only one light working!

    Made a big batch of minestrone soup using veg that needed using up so that will do me for lunches for the rest of the week and maybe most of next. Better get back to work, hope you all have a good day.
    Emergency Fund - £1000 / £1,000 :: Holiday Fund -£3,600 / £3,600
    Sealed Pot 2017 #24 :: VSP #29 - £110.56:: NSD 2017 - 12 / 200 Weight Loss: 34 / 51lbs May GC - £0/ £200
    Engaged 9th December 2010 Married 29th October 2015
    • ruby_eskimo
    • By ruby_eskimo 26th Jan 17, 1:15 PM
    • 2,229 Posts
    • 12,433 Thanks
    ruby_eskimo
    • #9
    • 26th Jan 17, 1:15 PM
    • #9
    • 26th Jan 17, 1:15 PM
    So the surveyor came out yesterday and measured the damp levels - apparently it's just the floor in the kitchen that will need replacing. Luckily it's going to be way below the cost of the excess for the policy so we've cancelled the claim and will do it ourselves.

    Went to a conference yesterday and had a NSD which was great. Even better is it's payday today. I've done the money shuffle and we now have almost £5k in savings again - £3k is for work that needs to be done on the roof which we found out through the survey when we bought the house and the rest has yet to be allocated. I'm tempted to take £1k and put it aside as our emergency fund, and leave the rest for decorating etc. Anything over and above that will go into the mortgage fund I think but we'll know more when we actually start paying bills for the house!

    Still struggling to get back into any sort of proper routine - hopefully we'll have finished unpacking at the weekend and I can make a start on getting back to some kind of normality from Monday.
    Emergency Fund - £1000 / £1,000 :: Holiday Fund -£3,600 / £3,600
    Sealed Pot 2017 #24 :: VSP #29 - £110.56:: NSD 2017 - 12 / 200 Weight Loss: 34 / 51lbs May GC - £0/ £200
    Engaged 9th December 2010 Married 29th October 2015
    • russetred
    • By russetred 26th Jan 17, 1:35 PM
    • 1,256 Posts
    • 9,225 Thanks
    russetred
    Congratulations on the house, we also completed on Friday the 13th and also waiting to pay our first mortgage payment on 1 February.Apparently you save money by paying at the beginning of a month!?! Really looking forward to overpaying as much as possible to reduce our term of 11 years to a hopeful 7. Will keep an eye on your diary.Best of luck.
    "Sometimes life sucks....but the alternative is unacceptable."
    • ruby_eskimo
    • By ruby_eskimo 26th Jan 17, 3:54 PM
    • 2,229 Posts
    • 12,433 Thanks
    ruby_eskimo
    Congratulations on the house, we also completed on Friday the 13th and also waiting to pay our first mortgage payment on 1 February.Apparently you save money by paying at the beginning of a month!?! Really looking forward to overpaying as much as possible to reduce our term of 11 years to a hopeful 7. Will keep an eye on your diary.Best of luck.
    Originally posted by russetred
    Thanks russetred, although I'm jealous of your 11 year term - 35 years is just way too long for me but the only way we could get on the ladder!
    Emergency Fund - £1000 / £1,000 :: Holiday Fund -£3,600 / £3,600
    Sealed Pot 2017 #24 :: VSP #29 - £110.56:: NSD 2017 - 12 / 200 Weight Loss: 34 / 51lbs May GC - £0/ £200
    Engaged 9th December 2010 Married 29th October 2015
    • russetred
    • By russetred 26th Jan 17, 6:45 PM
    • 1,256 Posts
    • 9,225 Thanks
    russetred
    Aah well, we had no choice as our's is a right to buy and we are both in our 50s. So small mortgage and small term.
    "Sometimes life sucks....but the alternative is unacceptable."
    • ruby_eskimo
    • By ruby_eskimo 30th Jan 17, 12:14 PM
    • 2,229 Posts
    • 12,433 Thanks
    ruby_eskimo
    Morning everyone. Productive weekend here and not too expensive either! Managed to take apart the old dining room table and put the new one together, took apart the old built in wardrobes and the old bed and now they're in pieces in our garage. Will list all three on ebay tonight and see what we can get for them to add to the decorating fund. Then spent yesterday cleaning the old rented flat ready to hand the keys back tomorrow. Heading there again tonight to finish off the last little bits.

    Really hoping we get most of the deposit back - if not all of it, as that's £1200 that I've earmarked for the holiday fund. The only thing against us is the massive damp problem in there, which the landlord was well aware of and said 3 years ago that he couldn't do anything about until we'd moved out.

    Other than that, nothing much else on the agenda money wise today. Just need to take a final meter reading from the flat and get the account closed and then our new one set up with EDF - they appear to be the cheapest for fuel in our area and we can always switch once we have a better idea of our usage.
    Emergency Fund - £1000 / £1,000 :: Holiday Fund -£3,600 / £3,600
    Sealed Pot 2017 #24 :: VSP #29 - £110.56:: NSD 2017 - 12 / 200 Weight Loss: 34 / 51lbs May GC - £0/ £200
    Engaged 9th December 2010 Married 29th October 2015
    • ruby_eskimo
    • By ruby_eskimo 3rd Feb 17, 7:49 AM
    • 2,229 Posts
    • 12,433 Thanks
    ruby_eskimo
    Morning everyone! It's Friday, YAY!

    DH handed the keys back to the letting agents on Tuesday and their assessor seemed happy with how we'd left the place - just need to wait and see what they say with regards to the deposit. Going to phone them Tuesday if we haven't heard anything by then.

    Making my first order with Muscle Food today - have a voucher for a £40 package that will feed our meat needs for a month. Heard good things about them, so just hoping I can fit it all in the freezer!

    On a MFW front - had my appraisal at work yesterday and they are thinking about promoting me! That would mean an extra £3.5K a year on my salary which would be a great help towards extra payments. There are a few hoops to jump through to get it but I'm feeling optimistic!
    Emergency Fund - £1000 / £1,000 :: Holiday Fund -£3,600 / £3,600
    Sealed Pot 2017 #24 :: VSP #29 - £110.56:: NSD 2017 - 12 / 200 Weight Loss: 34 / 51lbs May GC - £0/ £200
    Engaged 9th December 2010 Married 29th October 2015
    • ruby_eskimo
    • By ruby_eskimo 11th Apr 17, 12:15 PM
    • 2,229 Posts
    • 12,433 Thanks
    ruby_eskimo
    Eeeek! Can't believe I haven't updated for over 2 months! To be honest not a lot has changed. We managed to get the full deposit back from the landlord on the old flat so that's £1200 that's gone towards our Disney holiday this year, we decorated the living / dining room thanks to some B&Q vouchers from the in-laws and sold the hideous built in wardrobes from the bedroom for £150 on ebay.

    I've also started listing clothes again on ebay that I meant to get rid of before we moved and managed to get £50 off of my car insurance for this year! I did my usual comparison and it looked like my renewal quote was the best one so I just let it auto renew, but forgot that I'd changed the card details since last year (getting married and moving house). So when I phoned up to change them, realised I hadn't updated my marital status and that combined with the new address meant that I saved £50. So now I've paid under £300 for the first time since I passed my test 6 years ago! That extra cash has stayed in the car pot as I think I might need to replace the car sooner rather than later, but going to try and hold out till next year.

    There's probably more but I've forgotten it all at the moment. Will update more when I remember!
    Emergency Fund - £1000 / £1,000 :: Holiday Fund -£3,600 / £3,600
    Sealed Pot 2017 #24 :: VSP #29 - £110.56:: NSD 2017 - 12 / 200 Weight Loss: 34 / 51lbs May GC - £0/ £200
    Engaged 9th December 2010 Married 29th October 2015
    • pawlala
    • By pawlala 6th Oct 17, 11:22 AM
    • 1,214 Posts
    • 3,228 Thanks
    pawlala
    How's things going?
    Mortgage free: New Year's Eve 2013!
    Mortgage free II: Est. Dec 2019
    • ruby_eskimo
    • By ruby_eskimo 8th Oct 17, 5:50 PM
    • 2,229 Posts
    • 12,433 Thanks
    ruby_eskimo
    Hi everyone! Well we've been in the house for almost 9 months now and I have to say on the MFW front we've failed miserably so far and haven't managed to make any additional payments yet! I've kind of taken my eye off the ball MSE wise, not drastically I might add, and I'm still debt free, but I have been a bit more frivolous than I'm comfortable with and now it's time to reign it back in and focus.

    Things have changed a bit over the past few months:

    We've decorated the lounge / dining room and the bedroom mostly. Next step will be the hallway or the second bedroom and then saving for a new bathroom and new flooring and doors. It's all starting to come together but I can't seem to get on top of the cleaning / decluttering so going to go back to the flylady thread and see if that can help!

    On the job front I did get my promotion but it has come along with a lot more responsibility and stress. As if that wasn't enough, the company are now paying for me to do a MSc course at a uni in London so I've got all the fun of working full time and studying part time to contend with for the next 2 years!

    Because of all the added stress, health wise I haven't been too great; colds, tooth infections, generally feeling run down. I'm now taking action and making an effort to eat healthily, take multi-vitamins and I've even started the Couch to 5K plan (half way through week 3 now!)

    Finally we go on out much anticipated Disney holiday in 3 weeks and I can't wait! I think people at work are fed up of me and my countdown but it's the first time in 2 years that I will have had any significant time off work in one go.

    As it's Sunday night, I'm going to put some laundry on, make a cup of peppermint tea and sit and plan out my week ahead. Hope everyone is doing ok and I'm going to make an effort to update more regularly here now that I'm back on it so to speak!
    Emergency Fund - £1000 / £1,000 :: Holiday Fund -£3,600 / £3,600
    Sealed Pot 2017 #24 :: VSP #29 - £110.56:: NSD 2017 - 12 / 200 Weight Loss: 34 / 51lbs May GC - £0/ £200
    Engaged 9th December 2010 Married 29th October 2015
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