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Want to be a mfw but worried?
Hi, I've been reading these threads for a long time now and they have inspired me to want to be a mfw but I have to admit I don't know the best way to go about it. I've looked on the links at the calculator and would love to knock off 10 years off my 26 yr mortgage term. But how to do it and stick with it? I'm worried…
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Should I be a MFW - advice needed!
Hello all, I'm a keen subscriber (read lurker;)) to many of the MFW diaries. I'm currently wondering whether I should join in the MF2010 challenge. I've talked to my partner and we're both really keen to pay our mortgage off as soon as possible :beer:. However, we also are saving to have work done to convert our loft, so…
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Halifax overpayment delay
Hi We make regular monthly overpayments of 650 on our fixed rate (5.99%) mortgage, about 92k remaining. I normally ring Halifax to do this because their online mortgage banking is very poor and won’t allow transfer from our Halifax reward joint account. Also their system is defaulted to trigger a reduction in our regular…
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Ing Direct - Deeds
I became mortgage free in September having finally paid off my ING Direct mortgage.However I haven't heard anything from the Land Registry regarding the deeds to the house, is this normal?
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who here has a mortgage of more than say, 1500 per month and still overpays?
be interesting to know.
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** Jock_Tight** mortgage free diary
Hi all...... I thought I would create a diary to detail my journey to being mortgage free having signed up for the MFiT-T2 challenge: No 165. Our MFW journey actually started over two years ago, well before we stumbled upon this great website. A bit of background: We moved to our current property in Aug 2003 (just married)…
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2010 resolution MF by 2020
Hi all newbie here, 29 approaching 30th birthday(boo hoo) seeking to be mortgage free before my 40th. I've a beautiful hard working wife& 2 beautiful children primary school age. Our mortgage stats at present are as follows; Mortgage balance £140k 21 years 8months remaining Rate fixed at 5.29% for another 1 years& 8 months…
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Pawlala's MFW diary (Part II now underway in earnest!)
UPDATE 31/12/2016 OK I’m resurrecting my diary because... I’m no longer mortgage free :rotfl: and I predicted this moment would come! If you are not aware of my journey since 2009 I have paid off two mortgages before. The first 8 years ago and the most recent was four years ago today when I paid off the mortgage of my…
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Pay off Mortgage or Buy to Let Property? Or a bit of both?
Hey guys, hope you are all well. I have £125,000 left on the mortgage of my house which is worth around £300,000 (I share with Missus & 2 young Children). We have just come into some money, £120,000 to be precise and I have been getting mixed advise as to what best to do with it. I also have around £15,000 in a savings…
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1 mortgage, 2 babies, 3 years to be MF, 4 goodness sake!- weezl's diary
Hi MFWs. :hello: Having recently joined Financial Bliss and Maz on the MFI3 take 2 challenge, I realised I’d like to have a space to talk in more detail about my MFI3 journey, so thought I’d start a diary, rather than clutter up the challenge thread. I have spectacularly failed in my original MFI3 challenge (sorry to DD5…
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Is it better to shorten term or payment rate by overpayment??
Dear all, We have around £155000 mortgage (21 years left) with Nationwide, currently on their BMR 2.5% rate. We intend to overpay £10000 this month, but are not sure whether is better to ask Nationwide to shorten our term or to lower the monthly payment rate. We can afford to pay the current monthly rate and will keep…
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Moving a mortgage to another property with already has a mortgage on it
Hi, I am reposting this, as I realise the house buying section was the wrong area! Hopefully someone can help me here. I have two properties at the moment, both mortgaged. 1: £150k mortgage at 1.49% (base + 0.99 tracker for life). Property is rented out. 2: £300k mortgage fixed rate at 3.99%, 18 months remaining (reverts…
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Can I make a Mortgage Overpayment with a Credit Card?
Hi I have been overpaying my mortgage for the last 4 months. I am only allowed to overpay by 12000 per year with the Hali@x. I have just been told I can have a Hali@x CC with a balance of 9000 with 0% for 9 months - can I overpay using the card? Any suggestions greafully received.
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The day my stoozing ended :(
Hi Ladies and Gents, Looks like our stoozing ability has come to an end! Our FD offset mortgage opened 4 months ago and the plan was to open and use as many 0% on new purchases credit cards and stooze the money against our offset mortgage balance. Since our offset opened we have managed to accumulate a total of £32750…
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VickyA's MFW diary
Hi everyone :hello: I've just signed up to the MFIT-T2 challenge and 2010 MFW challenge, so thought I'd better get one of these diary malarkies. 00:D As you can see, I've been a member of this site for far too long, mainly living over on the Old Style board. :) However, the day has arrived and Mr VickyA and I are - finally…
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What to do with £20000
Hi, Can anyone help with the pro's and con's of overpaying my mortgage, Here we go - i have a 5yr fixed mortgage at 4.95 with nationwide which ends in April 2010 i will then go onto BMR (2.5) for remainder of term which ends 2019, in February 2010 i will be getting £20000 which i am thinking of overpaying my mortgage with…
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Cannot get out of trap
Can anyone advise i got mortgage when i was in business no longer trading got into arears mortgage is interest only now in job with lower pay cannot remortgage cannot get cheap mortgage stuck with lender paying only interest on 224000 for the last six year how can i get out do i have to sell to move to new lender pls advise
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I'm new to this forum.......
I'm new to this whole concept but want to do it as soon as possible. How do I start? Where doI start? How do I work oout how quickly i'll pay the mortgage off? Any help and pointers would be great. Thanks!
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lil_lisa's MF diary.... countdown!
We'll officially be starting our MF journey in January so we're using this month and next as an opportunity to get ourselves sorted and cut all the deadwood possible. I've made a spreadsheet outlining our outgoings/income to work out exactly where we stand and we're in a pretty good position by the looks of it. We can just…
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Spreadsheets
I wonder if someone can point me towards a good OP/mortgage spreadsheet template they use, or can recommend one here on MSE? (couldn't find one searching, sorry :o ) Paul
