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Not exactly mortgage free material but can anyone offer advice...
I've posted a similar topic on another forum but if anyone could help i'd be grateful. Me and the other half are both 23 and living in our first place (moved in October 2008). Due to high deposits and so on we got a 50% shared ownership in a nice new build 2 bed flat in a decent area which cost almost £200k, our first…
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MFW, disabled & going Part-Time
About 8 months ago I started paying into an offset account. I have managed to save a fair chunk of money. I am disabled with a progressive condition and was hoping to be MF in three years. Unfortunately I am no longer able to keep going full-time at work, but have been able to negotiate a reduction in hours. This means…
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Probably a silly question...
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Bumbling along to be Mortgage Free
Deleted due to reasons I don't want to go into, but all my posts are going, sorry.
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Brand spanking new to money saving and to my MFW diary
Hi I'm one of the lurkers and have been reading the forum for quite a while now. Decided to take up the MFiT take 2 challenge and from some of the reading I've been doing on the forum, lots of you seem to find a diary one of the best ways to stay motivated. Anyhoo, thought I'd give it ago and see if it could help me to get…
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probably a silly question
Hi folks,I have a total mortgage of £26000 (£20000 int only,£6000 repayment)this mortgage is with NW and runs until mar 2015.My monthly payments are £130 at 2.5%. I have been making £150 overpayments per mth for the last 6mths and hope to continue doing so. I have been delighted watching my repayment part come down but iam…
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Diary of sunshine_shell and her hawks MFW journey!
Hi Everyone!! On the 1st of August i will become the very proud owner of a beautiful house and i wanted to set up my MFW diary ready so here is the story so far..... * I currently own a flat that is on the market at the moment and waiting to sell this is where my and hawks (my lovely bf) live * Sadly last november Hawks'…
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Anyone got any thoughts about the base rate
We are deciding whether to go onto a fixed rate or a variable when we renew our mortgage deal.. The fixed will be more expensive in the short term but once the base rate goes back up to 1.5% I think we'll be worse off. It's a three year deal so if the base rate stays low for the next 18 months we'll probably lose out…
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From Start to Finish - Diary of an MFW
No time like the present to be thinking about getting rid of the mortgage and having spent quite a while benefiting from the fantastic information given on other boards, I wanted to keep a diary of our route towards being Mortgage Free. If it is of interest or use to anyone else, so much the better. I have read through…
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Canne's Aussie Mortgage Free Diary
Hi, My name is Cheryl. I'm Australian and live in the Illawarra which is the area south of Sydney in New South Wales. My parents and I own a house which is 10 minutes drive from the beach and at the back windows you can see the escarpment. My parents and I all have the same inherited disability so we are unable to work so…
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Keeping motivated
Hi Guys, My wife and I are overpaying our mortgage every month and sacrificing on things we would like such as nice holidays, new cars etc. We see all our friends doing these things, and I know that in 9 years we will be MF, but sometimes I think there is more to life than overpaying. What if I get run over by a bus…
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Repayment on Mortgage Excel Spreadsheet
Could someone tell me where to locate it? Thank you
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3's a crowd!
i own a house outright with my mother but live in it with my husband. we want to take a small mortgage on the house but dont want her being bothered with the hassle of a mortgage. I know we need to put my husbands name on the deeds but my mother is reluctant to take her name off them. If there are 3 people on the house…
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Feeling guilty what would you do
Hi, I have just discovered this site, its amazing. I am determined to be mortgage free within the next 5 years, but I feel a bit guilty about something and was wondering if I could have your opinions. Currently my mortgage is for £50k. Its only my husbands wage we have coming into the house so if I want to clear this in…
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Can you overpay by bank transfer as and when?
Hi, we've been inspired by you all and are thinking of taking our first steps to MFW We are on a 100% LTV fixed rate mortgage 6.89% with "The Mortgage Works" http://www.themortgageworks.co.uk/content/home/ part of nationwide ending next Feb. We are considering making overpayments on our mortgage of a value exceeding no…
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FTB - Should you stretch to buy the best available?
Hi there, Myself and my partner are currently looking around at homes as first time buyers. Have been looking at properties in and around the 200k mark which are nice, and seem to have no major downsides. However, I've seen a new house in a fantastic location, 4 beds, 2000 sq ft, garage. It's up for £270k and there isnt…
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New MF wannabee
:hello: Hi everyone been a secret reader of the MF forum for ages and am finally able to start seriously overpaying on my mortgage. Bought my house in Feb 2008 and needed a mortgage of £53750. Bit of info repayment mortgage, tracker for 2 years then move to svr. overpayed a little each month but then turned my attention to…
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Part and Part Mortgage - should we change to repayment only?
Hi - i asked this question over on mortgages and endowments and was advised to come here for answers - i've had a search and think i've answered my own question but would like some clarification. We currently have £40k on interest only and £138k on repayment only (fixed with NR til november 2011) our required monthly…
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Can I Use My 401k To Buy a House?
I really want to put down a large sum of money on a new house and I was wondering if I could use my 401k savings? I read a few articles online but I don't know if it's true. Any opinions?
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Think i've already started...
The idea of not having to worry about the mortage is a nice thought - question is how to go about it... Some background: Bought house in 1997; 95%, so 43500 mortage. Had the mortage indemnity premium added to the main loan (silly me - but was the only option at the time) At the time, was advised to go fixed rate @…
