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  • FIRST POST
    • cazmanian_minx
    • By cazmanian_minx 19th Feb 17, 5:55 PM
    • 3,992Posts
    • 18,337Thanks
    cazmanian_minx
    Confessions of a house hoarder
    • #1
    • 19th Feb 17, 5:55 PM
    Confessions of a house hoarder 19th Feb 17 at 5:55 PM
    Hello MFW board

    It's about five years since I last posted here, but I'm back from the DFW board and ready to start tackling the mortgage.

    Er, or not. We accidentally bought another house. We didn't mean to, we only wanted to buy a 6-acre field next-door-but-one to our house, but it was an executor sale and even though the field we were after was a separate croft in title to the lady's other croft at the opposite end of the village, her family wanted them sold as one.

    Now, I have always, always wanted have a job that involved bringing derelict and abandoned houses back into use. The problem was that croft tenancies are not mortgageable and we didn't happen to have a spare six-figure sum lying about the place. What I did have was an absolutely wonderful family who went, 'Ooh, that looks like a great opportunity. Look into it.' We drew up a fairly detailed set of costings and a timeline, presented it to them, and the Dragons decided they were in!

    So instead of one 6-acre field we ended up buying five fields, totalling just over 12 acres, and a rather dilapidated three-bedroom croft house. Originally the plan was to do up the house and then sell that croft again, leaving us owning the field we'd originally wanted free and clear, but the more we've worked on it, the more we've realised that it would make an amazing holiday let, and three of its four fields are fabulous hay fields.

    Mr Minx, who has always been very handy about the house, has now got the renovating bug big-style as well, and is already asking me what we're going to buy next. The ultimate plan is to have two holiday lets and at least three buy-to-lets mortgage-free, picking houses that need a lot of work to make habitable, and specialising in providing homes for tenants with animals, whether that's dogs, cats, chickens, sheep or horses

    If anyone's interested in the renovation works, I do have a blog, but this diary is going to be more about the financial side and my efforts to earn a living self-employed in one of the most remote parts of the UK.
    Home: 06/08: £145,145.00 Currently: £114,657.06 Offset: £49,347.05 Amount paid off: £30,487.94 (21.0%) Paying interest on: £65,310.01
    Holiday let:
    02/17: £177,416.86 (Family loan: £129,146.86 + 0% cards £48,270.00) Currently: £175,806.86 Amount paid off: £1,610.00 (0.91%)
    Sugar days 2017: 11/26 Debt-free: 17/02/2017
Page 4
    • cazmanian_minx
    • By cazmanian_minx 14th Mar 17, 10:00 PM
    • 3,992 Posts
    • 18,337 Thanks
    cazmanian_minx
    Did I say I only had 90 minutes of transcription plus a new file to get through? Ha! *feeble laugh* I've just finished 45 minutes for NEL and the rest of the current queue goes something like:

    Journalist #3 - 40 minutes
    NEL - 43 minutes
    NEL - 40 minutes
    NEL - 12 minutes
    NEL - 31 minutes
    Journalist #1 - 28 minutes
    Journalist #1 - 16 minutes
    Journalist #1 - 25 minutes
    Journalist #1 - 50 minutes

    Also getting stuff throughout the day for Mr RPC and trying to get some bets on Cheltenham as well, so it's been a bit manic today, and that was before you factor in the 60mph gales complete with hailstones and thunder, which slowed down the outdoor chores a bit.

    The good news is that I got a recorded delivery letter from the Crofting Commission yesterday and my decrofting application for the holiday let has been approved All I have to do now is buy the bit of land from my landlords (the Scottish Ministers) and then it goes on the Registers of Scotland as freehold and becomes mortgageable.

    Time for a bit of yoga while the lemon drizzle cake I've just made for my heating engineer and electrician tomorrow cools down, and then it's definitely bed time.
    Home: 06/08: £145,145.00 Currently: £114,657.06 Offset: £49,347.05 Amount paid off: £30,487.94 (21.0%) Paying interest on: £65,310.01
    Holiday let:
    02/17: £177,416.86 (Family loan: £129,146.86 + 0% cards £48,270.00) Currently: £175,806.86 Amount paid off: £1,610.00 (0.91%)
    Sugar days 2017: 11/26 Debt-free: 17/02/2017
    • EatingTheElephant
    • By EatingTheElephant 14th Mar 17, 10:25 PM
    • 974 Posts
    • 4,982 Thanks
    EatingTheElephant
    Congratulations on your successful decrofting

    Wow that is a lot of typing in your queue, good for the pennies!
    • AlexLK
    • By AlexLK 14th Mar 17, 11:19 PM
    • 5,669 Posts
    • 29,197 Thanks
    AlexLK
    Fantastic news!
    Money saved 2017: £3330. Overpayments 2017: £500.
    Saved £11,000 in 2015, £9,800 in 2016.
    From £32,000 in debt on 2/9/2013 to debt free on 12/1/2015.
    • Verbatim
    • By Verbatim 15th Mar 17, 7:28 AM
    • 4,439 Posts
    • 12,697 Thanks
    Verbatim
    Congratulations on your decrofting application success.
    CCs @0% £24k Dec 05 £19,621.41 Au £13400 S 12600 Oct £11,981 £9481 £7500 Nov £7250 D £7100 Jan 6950 F £5800 Mar£5400 May £4830 June £4660 July £4460 Aug £3200, S £900, £0 18/9/07 DFW Nerd 042
    • cazmanian_minx
    • By cazmanian_minx 15th Mar 17, 7:35 AM
    • 3,992 Posts
    • 18,337 Thanks
    cazmanian_minx
    Thanks all, really chuffed

    Add another 25 minutes for NEL to the typing queue, on a 24-hour turnaround with timecodes every time the speaker changes - £1 a minute though

    Also a good start to the MB day with a £20 win from a free scratchcard on one of my accounts. Slightly marred by a horrible run on a daily blackjack offer I do - usually I end up plus or minus about £1 (I play 20 x 50p hands to get free spins on a slot machine), today the dealer got 9 blackjacks and I lost 18 hands for a £9 loss, which was annoying, doubly so when I got naff all on the free spins. Oh well, the joys of variance!
    Home: 06/08: £145,145.00 Currently: £114,657.06 Offset: £49,347.05 Amount paid off: £30,487.94 (21.0%) Paying interest on: £65,310.01
    Holiday let:
    02/17: £177,416.86 (Family loan: £129,146.86 + 0% cards £48,270.00) Currently: £175,806.86 Amount paid off: £1,610.00 (0.91%)
    Sugar days 2017: 11/26 Debt-free: 17/02/2017
    • hiddenshadow
    • By hiddenshadow 15th Mar 17, 10:09 AM
    • 2,128 Posts
    • 9,581 Thanks
    hiddenshadow
    Congrats on the decrofting!
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Dec '16 £119,669 / June '17 £109,701 (£172 offset)
    Payment 41/84 / 2017 MFW #56: £9,967/£20,000 49% / MFiT-T4 #15: £49,798/£90,000 55%
    • EssexHebridean
    • By EssexHebridean 15th Mar 17, 10:11 AM
    • 7,304 Posts
    • 38,558 Thanks
    EssexHebridean
    Ace news on the decrofting application AND your typing mountain too!
    MORTGAGE FREE 30/09/2016
    Sainsbugs 0% card: 22/12/16 £1229.00/£373.02
    • Knit Witch
    • By Knit Witch 15th Mar 17, 10:40 AM
    • 3,747 Posts
    • 27,267 Thanks
    Knit Witch
    Woo hoo to decrofting having gone through and good luck with all that typing
    "Shop" From Stash (5 skeins down!)
    OS Weight Loss 0/10
    • cazmanian_minx
    • By cazmanian_minx 15th Mar 17, 11:08 AM
    • 3,992 Posts
    • 18,337 Thanks
    cazmanian_minx
    Obviously my day for the scratch cards - got another free one on a different site and won £40! Time to start using my free bets from yesterday.
    Home: 06/08: £145,145.00 Currently: £114,657.06 Offset: £49,347.05 Amount paid off: £30,487.94 (21.0%) Paying interest on: £65,310.01
    Holiday let:
    02/17: £177,416.86 (Family loan: £129,146.86 + 0% cards £48,270.00) Currently: £175,806.86 Amount paid off: £1,610.00 (0.91%)
    Sugar days 2017: 11/26 Debt-free: 17/02/2017
    • try harder
    • By try harder 15th Mar 17, 11:08 AM
    • 430 Posts
    • 1,315 Thanks
    try harder
    Well done and looking forward to what happens next with the holiday let
    • cazmanian_minx
    • By cazmanian_minx 15th Mar 17, 9:24 PM
    • 3,992 Posts
    • 18,337 Thanks
    cazmanian_minx
    Quite a good day, money-wise!

    Mr RPC - about £18
    Bets etc. - £84.24
    NEL quick turnaround file - £25
    And I've typed the first 4 minutes of one for Journalist #3 - £3
    Plus a couple of eBay sales, say - £2 after costs

    Total: £132.24

    In non-money-making news I also found and dug out a well in my field, which is fabulous because it saves me lugging heavy cannisters of water all the way out to the point (the quad, bless it, is only an elderly little 2WD and struggles on the hills with me on it, let alone another 25kg of water!) - see blog for the full story and some pictures!
    Home: 06/08: £145,145.00 Currently: £114,657.06 Offset: £49,347.05 Amount paid off: £30,487.94 (21.0%) Paying interest on: £65,310.01
    Holiday let:
    02/17: £177,416.86 (Family loan: £129,146.86 + 0% cards £48,270.00) Currently: £175,806.86 Amount paid off: £1,610.00 (0.91%)
    Sugar days 2017: 11/26 Debt-free: 17/02/2017
    • cazmanian_minx
    • By cazmanian_minx 18th Mar 17, 9:14 PM
    • 3,992 Posts
    • 18,337 Thanks
    cazmanian_minx
    It's Saturday, right? Just checking.

    I'm honestly not sure where this week has gone, but I've had a blast. Cheltenham was great; didn't make a huge amount of money (I worked out it was something like £164 if I included all the Cheltenham-related casino offers and still had £30-worth of free bets to add on at that point) but learnt an awful lot about betting on horses, so all good

    In between flitting from bookie to bookie and sobbing every time the crowd roared the winners home (hormonal week!) I had another two quick turnaround files from NEL, one due back this morning and one due on Monday, both at £1 a minute, so I have £112 coming in from those two alone. Also managed to get files back to Journalist #3 and Journalist #1 (x2), so the queue has gone down a bit, but I still have 22 minutes of quick turnaround plus another 123 minutes for NEL and 52 minutes for Journalist #1.

    We finally have heating on down the road, which is a big relief. The happy news is that our heating engineer thought to check the oil tank before switching on, because there was a lot of water in it from condensation over the year it had been unused, and once that was pumped out there was only about 2" of oil left. I have a delivery coming early next week and we've turned all the thermostats down, so hopefully we won't run out.

    Mr Minx and I both have next week off (or as much of a week off as I can get with the aforementioned transcription queue!) and are going to blitz the downstairs to try and get it all sanded, plastered and painted before the oak flooring gets laid.
    Home: 06/08: £145,145.00 Currently: £114,657.06 Offset: £49,347.05 Amount paid off: £30,487.94 (21.0%) Paying interest on: £65,310.01
    Holiday let:
    02/17: £177,416.86 (Family loan: £129,146.86 + 0% cards £48,270.00) Currently: £175,806.86 Amount paid off: £1,610.00 (0.91%)
    Sugar days 2017: 11/26 Debt-free: 17/02/2017
    • cazmanian_minx
    • By cazmanian_minx 23rd Mar 17, 3:59 PM
    • 3,992 Posts
    • 18,337 Thanks
    cazmanian_minx
    I seem to have spent all day plastering and all evening typing every day since Sunday! We're making progress, albeit slower than hoped. I think if we can get the plastering done by the time the floor goes down, we'll be doing well.

    Big massive financial spanner dropped in the works though, in that I've been told it's going to take about 6 months to purchase the land the house sits on, and that's if everything goes smoothly. That means no mortgage and I have a £2,420 0% balance expiring next month and a £5,510 0% balance expiring on 1st July. Slight panic stations! However, the MSE eligibility checker told me I had a 90% chance of getting the Tesco 24 month 0% no fee balance transfer card, so I just walloped in an application on the off-chance, and they've very kindly given me a £3,250 limit, meaning I can transfer £3,050.

    So I've taken £2,350 off the first card (on the grounds that I need to make a payment to it in the next few days anyway) and £700 off the other, and I hope that in three months' time the first card will give me another transfer offer. If it doesn't, its standard rate for me is only 9.9%, which is considerably better than the 19.9% the other card will go up to, so I may just transfer it anyway and then wait to see whether that triggers a 0% cash transfer on the second card.

    Off to Londinium to see some friends tomorrow - we're meeting up for afternoon tea in Westminster on Saturday, which is probably going to be about the safest place in the capital right now!
    Home: 06/08: £145,145.00 Currently: £114,657.06 Offset: £49,347.05 Amount paid off: £30,487.94 (21.0%) Paying interest on: £65,310.01
    Holiday let:
    02/17: £177,416.86 (Family loan: £129,146.86 + 0% cards £48,270.00) Currently: £175,806.86 Amount paid off: £1,610.00 (0.91%)
    Sugar days 2017: 11/26 Debt-free: 17/02/2017
    • cazmanian_minx
    • By cazmanian_minx 27th Mar 17, 3:24 PM
    • 3,992 Posts
    • 18,337 Thanks
    cazmanian_minx
    Back from a great weekend away - I know it doesn't exactly help with getting the houses paid for, but it does wonders for my sanity!

    Usually I pay my cards as soon as the statements generate, but I've been late this month thanks to getting paid a bit later than usual by a couple of clients, so I've done them all today (bar one, where the direct debit has already been requested) and have now paid off a massive quarter of a percent of the holiday debt

    I did have a nice surprise on Friday, an ALCS payment I wasn't expecting (this is the Authors' Licensing and Collecting Society and is payment for photocopying and audio-visual use of everything I've registered with them as published under my name). I also came home to a nice surprise of three eBay sales, because I'd not relisted any of the beads that ended before I went away and only had four active items. All back up and running again now, so hopefully some more sales to come - I've shifted about 150 strings of beads now, but still have a lot more to go.
    Home: 06/08: £145,145.00 Currently: £114,657.06 Offset: £49,347.05 Amount paid off: £30,487.94 (21.0%) Paying interest on: £65,310.01
    Holiday let:
    02/17: £177,416.86 (Family loan: £129,146.86 + 0% cards £48,270.00) Currently: £175,806.86 Amount paid off: £1,610.00 (0.91%)
    Sugar days 2017: 11/26 Debt-free: 17/02/2017
    • AlexLK
    • By AlexLK 27th Mar 17, 5:43 PM
    • 5,669 Posts
    • 29,197 Thanks
    AlexLK
    The card juggling sounds like a nightmare. Hopefully it will be over soon, though.

    Glad you had a good time away.
    Money saved 2017: £3330. Overpayments 2017: £500.
    Saved £11,000 in 2015, £9,800 in 2016.
    From £32,000 in debt on 2/9/2013 to debt free on 12/1/2015.
    • FacelessNumber
    • By FacelessNumber 28th Mar 17, 10:27 AM
    • 367 Posts
    • 1,991 Thanks
    FacelessNumber
    Wow, you have lots going on! I'm subscribing with interest to see how the renovations go and how you manage the finances. We're quite into renovating and doing things ourselves too but currently are only working on out own house!!


    I'll be heading over to the blog too, to have a read!

    • mfmaybe
    • By mfmaybe 31st Mar 17, 8:14 PM
    • 926 Posts
    • 2,899 Thanks
    mfmaybe
    http://www.primelocation.com/for-sale/details/42995565?tmad=c&tmcampid=35&utm_campaign=buy-alert&utm_content=contact-type-listing&utm_medium=email&utm_source=alert#XDJaEXMf 5Q8OXcrE.97

    So I saw this and immediately thought of you. Which is very stereotypical "southener" of me as I actually have no idea if it's anywhere near you. Even though I'm from NE Scotland and travel up to the NW highlands regularly, they are still a gazillion miles from you and I unashamedly don't know my geography at all. Still, peruse at your leisure
    Create credit card buffer fund £1.05/£1000 0.1%paid. Pay by Christmas 17

    Other debts paid since 1/1/14: £17,005
    • cazmanian_minx
    • By cazmanian_minx 31st Mar 17, 9:01 PM
    • 3,992 Posts
    • 18,337 Thanks
    cazmanian_minx
    Thanks, mfmaybe Helmsdale is about 50 miles south-east of me, but that's crofted land and crofting law says you have to live within 32km of your croft.

    I have had one heck of a week. I've done two files for NEL, three files for Journalist #3, three files for Journalist #5, one enormous 105-minute file for Large Agency and one file for Journalist #1 with another one to do over the weekend and a third due in. Plus squishing in a few hours for Mr RPC. I'm kind of hoping the 6 hours of focus groups I quoted for don't materialise because I'm a bit swamped at the moment!

    Mr Minx has had a financial rush of blood to the head, paid off the remainder of his car loan early and started transferring the amount he was paying each month into his offset savings account, because an inheritance from his aunt has taken his current account balance over the £20k Santander pays interest on. Long may this last!
    Home: 06/08: £145,145.00 Currently: £114,657.06 Offset: £49,347.05 Amount paid off: £30,487.94 (21.0%) Paying interest on: £65,310.01
    Holiday let:
    02/17: £177,416.86 (Family loan: £129,146.86 + 0% cards £48,270.00) Currently: £175,806.86 Amount paid off: £1,610.00 (0.91%)
    Sugar days 2017: 11/26 Debt-free: 17/02/2017
    • AlexLK
    • By AlexLK 31st Mar 17, 10:17 PM
    • 5,669 Posts
    • 29,197 Thanks
    AlexLK
    Glad to hear things are going well for you.
    Money saved 2017: £3330. Overpayments 2017: £500.
    Saved £11,000 in 2015, £9,800 in 2016.
    From £32,000 in debt on 2/9/2013 to debt free on 12/1/2015.
    • DebtFree2012
    • By DebtFree2012 3rd Apr 17, 9:52 AM
    • 3,513 Posts
    • 9,563 Thanks
    DebtFree2012
    Yoo hoo! I'm back Looking amazing, how fabulous is all of this? I'll be joining you again.
    Last edited by DebtFree2012; 06-04-2017 at 8:23 AM.
    Debt - CCV £4156
    CCB £1415
    Loan 1 £2793
    Loan 2 £2617
    Total £10981 Was £39302
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