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  • FIRST POST
    • Dogbooks
    • By Dogbooks 22nd May 17, 5:19 PM
    • 32Posts
    • 80Thanks
    Dogbooks
    Dogbooks' Diary to be Mortgage Free!
    • #1
    • 22nd May 17, 5:19 PM
    Dogbooks' Diary to be Mortgage Free! 22nd May 17 at 5:19 PM
    Hi all,

    I've been so inspired reading all your diaries and as we exchanged today I thought I would celebrate by creating my own diary to join you all! Due to complete on Friday

    OH and I have bought the house, and we will also have the addition of my mum's dog moving in with us when we've settled in, which I am very excited about.

    We've bought our first house for £200,000k, taking out a mortgage for £180k currently to be fully paid in 27 years (which is scary as that is longer than I have been alive for haha!) However, hoping to get rid of it as soon as possible.

    I'm not yet setting a target- I'm going to wait until we have fully moved in and sorted bills etc and seeing what I have leftover. I'm not sure which date we will be moving in yet- we're renting our current place until the end of June so we have a lot of flexibility. We're hoping to get a new floor in the ground floor before moving.

    I'm also saving up the EF to cover any essential house works- I currently have £900 in my fund and OH has a similar amount, however we're waiting for the solicitors to refund us 2k back (they hadn't included the Help to Buy Bonus in the statement) My plan is any extra money half is for the EF and half is for OP but we shall see how that goes

    Cannot wait to share this journey and looking forward to getting to know more people on this thread!
    Goals for 2017:
    • Complete purchase of house
    • Save emergency fund- £1200/ £9300
Page 1
    • lippy1923
    • By lippy1923 22nd May 17, 5:40 PM
    • 1,229 Posts
    • 3,426 Thanks
    lippy1923
    • #2
    • 22nd May 17, 5:40 PM
    • #2
    • 22nd May 17, 5:40 PM
    Yay congrats I will be lurking with interest. Keep us updated on all your progress.
    Total Mortgage OP £17,500
    House Value £250,000 Mortgage £94,187
    Emergency Fund £25,000

    • Frugal Foodie
    • By Frugal Foodie 22nd May 17, 7:07 PM
    • 2 Posts
    • 15 Thanks
    Frugal Foodie
    • #3
    • 22nd May 17, 7:07 PM
    • #3
    • 22nd May 17, 7:07 PM
    Congrats on exchanging.
    I have been lurking this forum for a few months now waiting eagerly for ours to exchange so i can start my own thread. We're in a pretty similar situation to you so look forward to reading your updates
    • Dogbooks
    • By Dogbooks 22nd May 17, 8:29 PM
    • 32 Posts
    • 80 Thanks
    Dogbooks
    • #4
    • 22nd May 17, 8:29 PM
    • #4
    • 22nd May 17, 8:29 PM
    Thank you Lippy1923- I'm looking forward to reading more of your posts and learning lots of useful tips!

    Frugal Foodie- Fingers crossed your exchange happens as quickly as possible and we can do this together haha!

    Quite excited for the first mortgage payment to come out in June to start knocking it down, I''m sure I will regret saying that soon haha! I should also start thinking about packing some time soon...
    Goals for 2017:
    • Complete purchase of house
    • Save emergency fund- £1200/ £9300
    • Kittenkirst
    • By Kittenkirst 23rd May 17, 5:25 PM
    • 1,522 Posts
    • 7,734 Thanks
    Kittenkirst
    • #5
    • 23rd May 17, 5:25 PM
    • #5
    • 23rd May 17, 5:25 PM
    Welcome to the board Dogbooks! I've had my mortgage since October and am still excited by every mortgage payment (& more so by every teeny tiny overpayment!) as I just think of that extra little bit of house that's ours with each payment

    Best of luck for your completion on Friday!
    Emergency savings- £3750.96 /£6000
    Mortgage Oct '16- £170.995 LTV- 90% end date Nov 2041
    2016 OPs £255.50/£150
    2017 MFW #20 - OP £1743.34/ £2150. 81%
    Jan- £68.21, Feb- £306.67, March- £272.01 April-£324.05 May £120.33 June £279.15 July: £172.36 Aug: £203.24
    • freshcotton
    • By freshcotton 23rd May 17, 10:33 PM
    • 222 Posts
    • 565 Thanks
    freshcotton
    • #6
    • 23rd May 17, 10:33 PM
    • #6
    • 23rd May 17, 10:33 PM
    Good luck.
    Nothing like a good overpayment now and then. It's addictive so enjoy
    Mortgage Start - August 2013 £145,000 ************ Balance at April 2017 - £59,000

    Target - Overpay by £2,500 each month ************** Mortgage free by December 2018!
    • Elephantchunks
    • By Elephantchunks 23rd May 17, 11:32 PM
    • 108 Posts
    • 574 Thanks
    Elephantchunks
    • #7
    • 23rd May 17, 11:32 PM
    • #7
    • 23rd May 17, 11:32 PM
    Congrats on getting an exchange date & good luck with the move Dogbooks.
    We have just had our chain completed today so hope for an exchange date very soon. I will be reading your updates as we're in a similar ish position.
    • Miss D Meanour
    • By Miss D Meanour 24th May 17, 6:17 AM
    • 84 Posts
    • 605 Thanks
    Miss D Meanour
    • #8
    • 24th May 17, 6:17 AM
    • #8
    • 24th May 17, 6:17 AM
    Congratulations on your exchanged and soon to be completed house purchase and best wishes for a joyful future in your new home.
    Good luck with your over payments
    MissDM
    LBM- June 2009 - 15 year plan started, Dec 2016 - half way there
    SPC - 10. #574. .......... How much will you spend 2017? #9
    Xmas 2017 - #40: £243 / £365. .......... CCCC 2017 - #9: £57 / £150
    PAYDBX 2017 #23: £5,868.85 / £8,100. .......... MFW2017 - #2: £4,588.48 / £7,000
    No matter how far you go, you always take yourself with you
    • Dogbooks
    • By Dogbooks 24th May 17, 9:23 PM
    • 32 Posts
    • 80 Thanks
    Dogbooks
    • #9
    • 24th May 17, 9:23 PM
    • #9
    • 24th May 17, 9:23 PM
    Thank you all for the lovely messages, definitely feeling the love and inspiration! Cannot wait for Friday after work to get those keys!

    Nothing yet to update except OH won £90 of Amazon vouchers from his work. We also gained an additional £16 of vouchers by trying out drinks filling out surveys Not strictly overpayments but it's less money buying things for the house. I've managed to convince him a cordless hoover is a real investment for the house haha! (That and a dining table is on my essential house purchases list.)

    I found a great deal on flooring as the downstairs of the house has old manky carpets- I receive a discount at work for a flooring supplier and they have sale on some flooring this weekend, so hoping to save some serious cash! My plan is to go away this weekend to meet some friends and let OH put down some new flooring. Win win for me haha!

    Money wise I currently have £590 left in my current account and £900 as emergency. OH has £300 to his name. Solicitors have confirmed we will receive £2100 back from them which is a relief The plan is:
    • Pay for bills for our current rented house
    • Pay the bills/ mortgage for June for our new house
    • Pay for the new flooring
    • Build up the emergency fund- Currently £950 earmarked
    • Hit the OPs!

    Thanks for reading- no news turned into a lot of words today!
    Goals for 2017:
    • Complete purchase of house
    • Save emergency fund- £1200/ £9300
    • Miss Money Magnet
    • By Miss Money Magnet 25th May 17, 6:08 AM
    • 108 Posts
    • 359 Thanks
    Miss Money Magnet
    Good luck on your mortgage free journey. Like you we have taken out a mortgage over a long period, but I intend to try to make decent regular overpayents as soon as we've completed all the initial renovations!!
    "Never underestimate the power of small amounts"
    New Mortgage started March 17 £236,000 (28 years)
    Regular overpayment of £115 (reduces to 24 years)
    Target extra overpayments: to be added (reduce to 20 years)
    • Dogbooks
    • By Dogbooks 26th May 17, 9:54 PM
    • 32 Posts
    • 80 Thanks
    Dogbooks
    No news today... OH WAIT WE COMPLETED

    It was really surreal to just sit in the garden and for it to finally sink in!

    I'm going away to Yorkshire this weekend (a lot of travelling shall be worth it for a reunion with friends!) and I'll be back on Tuesday. Have a lovely Bank Holiday all!!!
    Goals for 2017:
    • Complete purchase of house
    • Save emergency fund- £1200/ £9300
    • Elephantchunks
    • By Elephantchunks 27th May 17, 11:09 AM
    • 108 Posts
    • 574 Thanks
    Elephantchunks
    Yay! Congrats on completing! Haha I don't even know you, yet I'm really excited for you getting the keys Friday.
    • Dogbooks
    • By Dogbooks 2nd Jun 17, 9:38 PM
    • 32 Posts
    • 80 Thanks
    Dogbooks
    Hi all, I've been away from here the last few days, mainly staring at paint samples on the walls trying to pick a colour- we still haven't made our minds up!

    Money wise:

    Income- I had £300 left over from the end of last month so that has gone into my EF (now at £1200) OH also sold a guitar for £250. Today I saved £12 as work have offered a 12% discount at B&Q- perfect timing for all the works! I also managed to claim 26p cashback on our takeaway- all adds up!

    Outgoings- I went away last weekend and spent about £65.00- but that was all food, drink and travel for three days so not too bad. OH spent about £100 on tools, paint, brushes etc which came out of the money refunded by the solicitors. Definitely putting the costs of home improvements on a spreadsheet as it is so easy to lose track.

    Haven't OP mortgage yet as haven't received paperwork from the mortgage provider about payments. OH has arranged direct debits to come out of his account but I am eager to start reducing it! I am not very patient and very competitive so am not good at waiting haha.

    Planning on spending this weekend sorting the floor and clearing the jungle of the garden- fingers crossed for the weather!!
    Goals for 2017:
    • Complete purchase of house
    • Save emergency fund- £1200/ £9300
    • Dogbooks
    • By Dogbooks 8th Jun 17, 9:06 PM
    • 32 Posts
    • 80 Thanks
    Dogbooks
    Hi all, I've been rubbish at logging into these forums- trying to complete as much DIY as possible before moving in next Thursday! I need to catch up on everyone's diaries

    Exciting news is we made our first mortgage payment today! Our usual monthly amount is £820 but they added an additional £107 on top for the few days in May. I suppose it doesn't officially count as an overpayment but I'd like to think so... Anyway it's quite nice now we've paid, it feels like we actually own it now! Need to work out how to update it on my tracker

    Income: counted £10.00 of 20ps in my coin sorter which I need to take to the bank, am planning to use that for my first OP! Also earnt £1.29 cashback online- I think it takes a while for it to be processed so hoping that will add up to some substantial eventually.

    Outgoings: We managed to measure up the downstairs floor which we're due to buy tomorrow and we saved £25.00 on that through another staff discount. We managed to hire a van for £65 for moving which I'm really chuffed about.

    Sorted out our bills too- first council tax payment is due next month, tried getting an empty and unfurnished discount but they don't do it anymore for our area (boo!) Was worth a shot. Looked on MSE for good gas and electric deals so made a saving of £270 a year

    Hope everyone else is doing really well too!!
    Goals for 2017:
    • Complete purchase of house
    • Save emergency fund- £1200/ £9300
    • Elephantchunks
    • By Elephantchunks 10th Jun 17, 8:16 PM
    • 108 Posts
    • 574 Thanks
    Elephantchunks
    Ooh a coin sorter? Does that have separate slots for different coins? Last week I had to count £40 worth of coins from my change vase.
    It's great to hear that you were so excited to pay your first mortgage payment.
    All very exciting, what DIY have you been up to?
    August Monthly Challenge: Magic up £89.65/£164.
    August £100 Weekly Challenge: Week 2 £110/£100
    August £100 Weekly Challenge: Week 1 £99.91/£100

    Save before we move: End of July £2180/£3010
    Save before we move: End of June £1447/£2380
    Save before we move: End of May £975/£2380
    • EatingTheElephant
    • By EatingTheElephant 11th Jun 17, 8:18 AM
    • 1,078 Posts
    • 5,785 Thanks
    EatingTheElephant
    Congratulations on your new home and your first mortgage payment. Our first mortgage payment on our new home is due to go out next week, it will feel great to get started and start reducing the debt!
    • lippy1923
    • By lippy1923 11th Jun 17, 11:21 AM
    • 1,229 Posts
    • 3,426 Thanks
    lippy1923
    Congrats on the first mortgage payment


    Coin sorter sounds cool. I have a jar that counts the money but doesn't sort the coins! Might have to look into investing in one of those.
    Total Mortgage OP £17,500
    House Value £250,000 Mortgage £94,187
    Emergency Fund £25,000

    • Dogbooks
    • By Dogbooks 11th Jun 17, 12:14 PM
    • 32 Posts
    • 80 Thanks
    Dogbooks
    Thanks EatingtheElephant- it feels a little more real when that first payment comes out! Been enjoying reading your posts and glad you're settling in well!

    Elephantchunks- The coin sorter has one slot but drops the different coins into different tubes- it is meant to add up the value of the coins but mine makes up it's own figures! Still useful for sorting the coins and seeing how many coins have been saved. OH is dreadful at dropping change all around the house, so I go around after him and we can see it build up haha!

    So OH laid down the laminate flooring in the living room yesterday which looks awesome, and just one more coat of paint to do on the concertina doors between the living room and dining room- they were a dark wood varnish before but we've used white gloss. I was aiming to have the living room/ dining room walls painted before Thursday too but may have to do that in the next few weeks time once we've unpacked.

    Speaking of which... really must do some more packing today...
    Goals for 2017:
    • Complete purchase of house
    • Save emergency fund- £1200/ £9300
    • Dogbooks
    • By Dogbooks 11th Jun 17, 12:16 PM
    • 32 Posts
    • 80 Thanks
    Dogbooks
    Thanks Lippy1923- I found one online for about £15- it's pretty basic but does the job and visually it's nice to see the stacks of coins building up too!

    (It's quite nice to post about it online- most of my friends/ family think I'm a bit weird for it haha!)
    Goals for 2017:
    • Complete purchase of house
    • Save emergency fund- £1200/ £9300
    • Elephantchunks
    • By Elephantchunks 11th Jun 17, 3:42 PM
    • 108 Posts
    • 574 Thanks
    Elephantchunks
    Thanks Lippy1923- I found one online for about £15- it's pretty basic but does the job and visually it's nice to see the stacks of coins building up too!

    (It's quite nice to post about it online- most of my friends/ family think I'm a bit weird for it haha!)
    Originally posted by Dogbooks
    Love it. I may ask for one for my birthday. Then people can think I'm weird too (oh they already do).

    Sounds like you're doing a good job on the house. Very money saving to fit your own flooring. Is this a first or has OH done it before?
    August Monthly Challenge: Magic up £89.65/£164.
    August £100 Weekly Challenge: Week 2 £110/£100
    August £100 Weekly Challenge: Week 1 £99.91/£100

    Save before we move: End of July £2180/£3010
    Save before we move: End of June £1447/£2380
    Save before we move: End of May £975/£2380
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