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  • FIRST POST
    • tattycath
    • By tattycath 19th Apr 17, 5:51 PM
    • 6,803Posts
    • 35,745Thanks
    tattycath
    My big financial challenge to mortgage freedom
    • #1
    • 19th Apr 17, 5:51 PM
    My big financial challenge to mortgage freedom 19th Apr 17 at 5:51 PM
    I've been avidly paying off as much of the mortgage as I could for the last 8+ years, only...it wasn't my mortgage.
    Now we are parting ways and I'm ready for a new challenge.
    I need to get a mortgage-in the throes of, as we speak. Once I get it, I need to pay it off ASAP. It's more than 3 X the size of my ex partners mortgage.

    So, myself and Miss tc are buying a house together. (Trying to).
    We finally received documents to sign and the conveyancer wants the deposit. I'm hoping that we will be sorted and moved within a month.
    We are first time buyers and there is no chain.
    GE 36 *MFD
    MFIT-T4 No 106
    Mortgage overpayments: August: £203.90
    July : £5.05/£200 grocery 1/7/17 £98.36/£150
    Emergency savings £67.00/£2000
    Savercard Christmas savings £60
    12/3/17 175lb - 15/3/17 173lb - 28/6/17 167lb - 14/7/17 164lb - 12/9/17 160lb
Page 7
    • tattycath
    • By tattycath 27th Aug 17, 9:22 AM
    • 6,803 Posts
    • 35,745 Thanks
    tattycath
    Just been number crunching and so far this month I have overpaid mortgage by £162.86
    GE 36 *MFD
    MFIT-T4 No 106
    Mortgage overpayments: August: £203.90
    July : £5.05/£200 grocery 1/7/17 £98.36/£150
    Emergency savings £67.00/£2000
    Savercard Christmas savings £60
    12/3/17 175lb - 15/3/17 173lb - 28/6/17 167lb - 14/7/17 164lb - 12/9/17 160lb
    • tattycath
    • By tattycath 28th Aug 17, 9:52 PM
    • 6,803 Posts
    • 35,745 Thanks
    tattycath
    No spend day today.

    August to do list:

    Sort out loft
    Pay £200 off mortgage well on the way-paid over £160 off.
    Put £150 in savings nope, didn't happen this month. Must try harder next month
    Sort spare roomno, that didn't get sorted either but it's on my list of jobs to do this week as we are expecting visitors soon
    Organise kitchen cupboardspartially, but still got stuff to do
    Start getting ready for Christmas- start buying presents or putting money away for presents. I know it's early, but it is only about 21 weeks away and will soon be upon us. yep, I have made a start with this and I am buying extra things to add to hampers etc
    Originally posted by tattycath
    I did manage to sort shed out-finally. So that will help with the sorting of other things. I have things that live in the house that should live in the shed (I don't mean physically live, I am talking inanimate objects here.
    As things get put in the shed, it will free up room for other things to have a proper place to be in the house.
    GE 36 *MFD
    MFIT-T4 No 106
    Mortgage overpayments: August: £203.90
    July : £5.05/£200 grocery 1/7/17 £98.36/£150
    Emergency savings £67.00/£2000
    Savercard Christmas savings £60
    12/3/17 175lb - 15/3/17 173lb - 28/6/17 167lb - 14/7/17 164lb - 12/9/17 160lb
    • tattycath
    • By tattycath 28th Aug 17, 9:58 PM
    • 6,803 Posts
    • 35,745 Thanks
    tattycath
    Even though it's been a long weekend it doesn't really feel like I've had a totally relaxing weekend. I offered to help someone out Saturday and spent all day doing just that.
    Yesterday I did a few jobs, all the washing and sorted shed and did a couple of tip runs too.
    I was going to vacuum today, but I did it last night instead as it was cooler last night.
    Today
    ...I went out and bought some DIY stuff and a few bits to make a birthday present for a dear friend.
    I did have a quiet fairly relaxing afternoon and evening as I decided it was too hot to do jobs.
    Early night tonight as its a super early start for me in the morning. I tend to only sleep between 5 and 7 hours a night anyway, usually nearer to 5 than 7.
    GE 36 *MFD
    MFIT-T4 No 106
    Mortgage overpayments: August: £203.90
    July : £5.05/£200 grocery 1/7/17 £98.36/£150
    Emergency savings £67.00/£2000
    Savercard Christmas savings £60
    12/3/17 175lb - 15/3/17 173lb - 28/6/17 167lb - 14/7/17 164lb - 12/9/17 160lb
    • tattycath
    • By tattycath 28th Aug 17, 9:59 PM
    • 6,803 Posts
    • 35,745 Thanks
    tattycath
    I have been mulling over some new ideas to increase my income...fingers crossed I can do this and make a success of it-along side my business and regular job for now... exciting times.
    GE 36 *MFD
    MFIT-T4 No 106
    Mortgage overpayments: August: £203.90
    July : £5.05/£200 grocery 1/7/17 £98.36/£150
    Emergency savings £67.00/£2000
    Savercard Christmas savings £60
    12/3/17 175lb - 15/3/17 173lb - 28/6/17 167lb - 14/7/17 164lb - 12/9/17 160lb
    • tattycath
    • By tattycath 31st Aug 17, 9:41 PM
    • 6,803 Posts
    • 35,745 Thanks
    tattycath
    I had a final push and managed to overpay mortgage by just over £203 this month. I'm happy with that.
    I will try and set September targets at weekend.
    GE 36 *MFD
    MFIT-T4 No 106
    Mortgage overpayments: August: £203.90
    July : £5.05/£200 grocery 1/7/17 £98.36/£150
    Emergency savings £67.00/£2000
    Savercard Christmas savings £60
    12/3/17 175lb - 15/3/17 173lb - 28/6/17 167lb - 14/7/17 164lb - 12/9/17 160lb
    • A Frayed Knot
    • By A Frayed Knot 31st Aug 17, 10:31 PM
    • 2,118 Posts
    • 9,546 Thanks
    A Frayed Knot
    Great start to the o/p mortgage, when you remember it was a 5 week month

    Could be doing with some ideas myself for generating extra income, however
    need to invent a 48 hour day for that.

    As for Christmas, I have just put in some leave for the festive season and at the
    shops last weekend, the Christmas cards were making an appearance on the shelves.

    Too hot ! ! ! Can't say there's been 1 day this year where I could say it's been too hot :-(

    Good luck with the targets for September.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £2422.71 + Phantom o/ps 2017 -£1367.81 so far
    • jwil
    • By jwil 1st Sep 17, 7:48 AM
    • 7,575 Posts
    • 21,020 Thanks
    jwil
    Well done on the overpayments

    Good luck with the extra income as well.
    "If you can dream it, you can do it". Walt Disney
    • tattycath
    • By tattycath 13th Sep 17, 4:26 PM
    • 6,803 Posts
    • 35,745 Thanks
    tattycath
    Well done on the overpayments

    Good luck with the extra income as well.
    Originally posted by jwil
    Thank you jwil.
    GE 36 *MFD
    MFIT-T4 No 106
    Mortgage overpayments: August: £203.90
    July : £5.05/£200 grocery 1/7/17 £98.36/£150
    Emergency savings £67.00/£2000
    Savercard Christmas savings £60
    12/3/17 175lb - 15/3/17 173lb - 28/6/17 167lb - 14/7/17 164lb - 12/9/17 160lb
    • tattycath
    • By tattycath 13th Sep 17, 4:28 PM
    • 6,803 Posts
    • 35,745 Thanks
    tattycath
    Well, business is picking up and it looks like it's going to be a very busy few months. Lots of irons in fires and ideas in the pipeline as I broaden my income stream.
    In view of this I may have several noticeable absences from my thread in the next few months. Everything is in hand and I've just got to work my butt off in order to achieve my objectives.
    GE 36 *MFD
    MFIT-T4 No 106
    Mortgage overpayments: August: £203.90
    July : £5.05/£200 grocery 1/7/17 £98.36/£150
    Emergency savings £67.00/£2000
    Savercard Christmas savings £60
    12/3/17 175lb - 15/3/17 173lb - 28/6/17 167lb - 14/7/17 164lb - 12/9/17 160lb
    • Betterthanever
    • By Betterthanever 13th Sep 17, 5:07 PM
    • 187 Posts
    • 670 Thanks
    Betterthanever
    Sounds promising! Good luck with everything!!
    Former DFW Need 230. Determined to be MF.
    Current balance £116,878.11. Offset £1034.
    end date - 03/29 aiming for 10/22

    Bring it on!
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