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MFW - My addiction starts now :)
Ok, here we go... Register with MSE........ Check Start a thread.............. Check Mortgage debt to pay off........ Check..... DOH ! My current mortgage debt is £97,500. I have about 21 years left on the term and want to get this out of the way as a route to early retirement (only 33 but I can always dream). Current…
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Transfer my house into a business
Hi, I am after some advice regarding my mortgaged house that I currently rent out. I have been renting my house out for 12 months now. It takes more rent than the mortgage. I am keen to start a ltd company and transfer the house into the business. But I am struggling to find any information as to the best way to do this.…
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re-solicitors fees
Hi Guys, can someone give me a ballpark figure for solicitors fees to sell a house for £113K, leeds area.?
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What's your favourite treat for under £10?
Hello folks, I think we're all trying to be thrifty and reduce the size of our mortgages but as you know, it's a long hard slog... and every now and again, I'm sure everyone can allow a little treat and do with some cheering up... so thought to start a thread about treats that does not cost the earth. What's yours? For me…
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Do I pay off my mortgage?
I would like to pay off my mortgage. I have over £40,000 in savings and a mortagage of less than £15,000, which I am making over payments on to pay off faster. I was keeping a small mortgage to borrow more in the future when I sell my current property. But now I am unsure if having a mortgage helps to keep your credit…
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Worth keeping £1 in Mortgage?
This scenario is a few years away for me, but I thought I would ask... Someone recently told me that it is worth keeping your Mortgage open even if the amount owed is very small like £1. They said that the Bank has the hassle of looking after the house deeds. Is there any truth in this? Can you actually keep the Mortgage…
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Mortgage free on new house
Hello I have been reading these threads over the last few months and am so inspired. I didn't even know you could over pay on a mortgage:eek:
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We Are Not Alone! But WHY?
It seems us mortgage free'rs are not alone according to the Daily Express: http://www.express.co.uk/posts/view/354681/How-paying-off-the-mortgage-really-is-the-stuff-of-dreams It's certainly my goal/dream/wish. The bigger question from this one is, however, why do you want to be mortgage free? For me it will be the freedom…
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How much emergancy money???
Hi All, Sadly overpaying the mortgage is addictive. I find myself wanting to bang in more and more, to try and hit the 10% max op. However sensible head says need cash in the bank too, how much is considered enough?? Any thoughts
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mortgage advice please
Hi all, just a little background first, I currently have a fixed rate for 10 years at 5.15% with 5 years remaining. 30k interest only (endownment to repay in 5 years I have already converted some to repayment so it will cover the 30k.) 37k is repayment total of 67k with a 1.5k mortgage exit fee. I have 10 years remaining…
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Extra advice costs from overpaying and porting
The FSA's Mortgage Market Review is introducing higher costs for those who port their mortgage and increase the amount borrowed. This transaction will require advice at a variable cost, perhaps £500-£1000 or so. If you plan to move and port your mortgage, be sure that you consider the impact of this extra cost on whether…
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Kolakube is bBack on the MFW bandwagon!
Hello everyone! I'm not sure if any of you remember me, my name is KolaKube (well, not really lol...) and I had a MFW diary a few years ago which I shamefully let lapse :( although I have continued to lurk! At that point, OH and I were just married, living in England and starting to save up the deposit on a place of our…
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samtobys journey vs mortgage balance
Where to start……:) I am ‘samtoby’ and have been a member of the forums for around a year. I have now got to the exciting part where all my savings are being used to purchase a house with my mother (Mother samtoby). It was not my original plan but with my Mums amazing assistance we are currently (hopefully) going to be soon…
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MFW from day one of the mortgage!
Greetings my fellow MFW. I hope over time I can learn from you all, and in someway you can all learn from me. I am very excited about the journey, I have started and love reading other people's stories on here. Okay so I have a mortgage eeek! It's not massive, but it's a first time buyer mortgage and anytype of debt eats…
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Off sick is it possible to freeze mortgage for short time
Could anyone advise me please?My partner has been off sick from work for 4 months with stress and anxiety and had a break down, he has been admitted but gladly home and on the mend. His work were paying full sick pay up untill the end of this month, so we have managed to keep our heads above water, well he has now been…
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Paying off mortgage question
Hi, My fixed term mortgage is due to mature early December. After that it will revert back to their SVR (4.9%). I can pay the mortgage off using my savings. Becuase my mortgage IR has been so low - Ive been leaving my savings where they are and earning more IR. However, as soon as my mortgage reverts back to SVR, this will…
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help with stuarts spreadsheet
Some of you oldies on here (in time lurking i mean, not old in age!) will remember stuart had a overpayment spreadsheet he kindly shared also. I, being a non excel expert, used this very happily, inputting my monthly minimum payment, interest rates, regular overpayment and extra overpayments in the columns given, I liked…
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Can I Overpay Santander Mortgage With A Credit Card?
I read the stoozing guide this morning :undecided Will Santander let me make an overpayment with a credit card?
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Mortgage over payment calculators
I know this has been covered but I am searching everywhere and I can not find it. I once saw this all singing all dancing mortgage calculator that worked out if you changed the over payments monthly and gave you a definate picture of how things are reducing.....it was an Excel Spreadsheet.....
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Mortgage spreadsheets
Hi all, Been lurking on here for some time and it has given me the kick start to get my finances in order. I have set up budget spreadsheets etc which I have kept for the last few months. Now for some help............. I have read many people referring to spreadsheets which show their current mortgage balance, daily…
