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Advice req'd - how to pay this off!
As you can see from my signature we are doing pretty well in getting the mortgage balance down. However I don't work (maternity leave and not going back) and husband's wage is pitiful (and not reflective on our overpayments), So the question is what to do next? Without overpaying any further monies the mortgage should be…
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Just a few months to go
Hello everyone I've been lurking here for a long time and it never occurred to me to share my mortgage free story. It's pretty dull compared with many I've seen on this board, but I'm now just a few months away (some time in October is MFD) so I thought this would be as good a time as any. Ancient history first - I'd…
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Coud I ask for some advice please?
I have a repayment mortgage with First Direct for £40,000 and my fixed deal has just ended. My new repayments are £285 which is more than manageable, however, I have savings of £12,500 (roughly) and I was just wondering whether I should do something with them (e.g. pay £10,000 off my mortgage) or whether I am better off…
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Overpayments or ISA
Hi all, I'm getting married in October and OH and I hope to be debt free after our honeymoon, though we won't have any savings! I'm keen on the idea of overpaying the mortgage, as we're each saving between 300-500 a month for the wedding so it may be best to continue saving, rather than slipping into an expensive…
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Some simple questions...sorry
I bought a flat last year as a first time buyer and I am desperate to pay as much as I can off my mortgage whilst the mortgage is my only commitment-no husband, kids etc. I would like to know how I can find out the end date for my mortgage, I have all the paper work Halifax sent to me at the start but I can't find it…
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A few dim questions about overpayments!
I've been lurking here all morning and am inspired to start making overpayments to reduce my morgage. Unfortunatley I have no idea how to do this! Can you do a direct debit? Can you only do it on certain morgages? I'm due a morgage review in about 2 months, would it be better to wait until then and put in everything I can…
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5 years left on endowment mortgage
I have 5 years left on my endowment mortgage and am considering surrendering the policies and paying of the capital early. My original loan was for £41,500, I have reduced that by overpayments to £26,000. I've had surrender quotes for the two under performing policies for £15,000 and £5,000 respectively. This would leave a…
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£500 lumps sums or more regularly?
Reading some of these threads on this board, I realise that we are in a relatively lucky position of having a mortgage of £32,000. Its all relative though and after Ive paid some debts off I'd like to be mortgage free as soon as possible to free up some cash. We are with the Nationwide and have approx. 10 years left to go.…
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My dad wants to pay off his mortgage......
So I thought I'd ask in here for some advice :) Slight backstory.... My dad will be 66 in August. He is currently in full time employment and receiving his statutory pension. The only reason he is still working is because when he took out the mortgage he was self employed (he's not anymore) and they made him take the…
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no mortgage, my house, can someone get morg on it
I own a house house outright. My friend wants to have a half share in it, get a mortgage on her onw on the house and give me the half share in cash. Can this happen? Would she have to go on the deeds for it to happen or for it to be legally binding? She actually owns another house which she lives in. This one will…
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Started Today
Well here we are. Been lurking for a while now and decided today to begin overpaying my mortgage. My circumstances are as follows.... £89000 to go over a term of 19 years, this is now reduced to a term of 15 years (and a few months) as I whacked in the full 10 percent (£8900).... My fixed deal runs out 2015..... what do…
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Mortgage Holiday - What is the cost?
If my brother takes a Mortgage holiday and doesn't pay it for three payments it should clear his overdraft - that alone is costing about £25 pm However I noticed a lot of Mortgage calculators working out how much you save by overpaying but no calculators seem to work out mortgage holidays. Cheers
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I'm new at this, can someone help?
I need to show this led finger light with a white background. But the light needs to be on and show a little color on that white background. If I just use a brush and white out some area around the light hitting the table then it does not look very good. I want to make a great looking photo to put on the front of this…
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Mortgage deal ends soon - advice appreciated
Hi This is the first time I've posted on the MFW board, so bear with me :o Our mortgage fixed rate deal ends in October. When should I apply for my remortgage? I am with Natwest at the mo, but have seen better deals elsewhere, I have only ever been with Natwest since I took out the mortgage in 2003 so am not sure how…
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Starting on the mortgage...
Hi all, I hope it's ok to join in here. Having recently cleared my debts I have decided to start on my mortgage in a bid to clear it in 5 years. It's tiny compared to most peoples and I feel a bit of a fraud really but our income is unstable (due to hubby's self-employed business in building) so we can't commit to much.…
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Pay off mortagage or invest?
Ok this might be a very silly post but please bear with me, i have looked for similar threads but been unfruitfull so if there is one already please direct me to it. I have a relative that has to pay 260k on a morgage, he also has Isa's and Bonds and stocks Totalling 50k. He is a highrate taxpayer. I have 210k which i can…
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MFW Challenge - Completed
Well I've done it - from today I'm MF. Or, to be precise, the balance of the accounts linked to my offset mortgage equals the mortgage amount. I missed my initial target (MF by 40) by a year and a bit, but I've got rid of my mortgage in ten years so I won't give myself too much of a hard time. I thought I'd jot down a few…
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Taking the plunge as a MFW...
Hi all, Have been more of a lurker than a poster the past couple of years, but have decided to dive in as a MFW at last... My mortgage is currently around the £122k mark, just under at the moment but am in the process of remortgaging for 1st Aug so am including an estimate for July's interest. I'm sticking with Hfx on a…
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Mortgage life policy
Hi, I have a life policy with Scottish Widows for my mortgage and I'd like to get an understanding of where I stand before contacting them. The monthly premium is about £10. It is a decreasing cover policy with no payout at the end. It has a 25 year term. Under normal repayments my mortgage would have about 12 years left…
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Convince me to pay lump off mortgage please
Hi all, When I come to remortgage at the end of september I have the money to pay £10k off the £98k outstanding. That's about half my savings. At the moment this is sitting in an easy access account earning 5.25%. Probably going for HSBC BOE+0.99%. The problem I have is that I've never had savings before and it does give…
