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How long until OPs affect capital?
Obviously this will be different for everyone, but how long did it take before your OPs started affecting the capital of your mortgage? I've not paid much in OPs being a skint student, but I'm feeling pretty disheartened, I owe more now than I did when I started here due to interest :(
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should i pay off more of my mortgage using my ISA??
ill try and simplify as easy as i can. iv got an 85k mortgage. paying £555 a month fixed for the next 7 years (at roughly 5.14% if i remember correctly) iv got 10k in savings which is my contingency if anything goes very wrong!! I do not and will not touch that! But iv got 25k in my ISA earning me nothing! Question is iv…
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9 more payments!!!
As from today we have only 9 more payments to be mortgage free:j So excited, which is sad but we will have then paid off the mortgage 12yrs early!! We had planned to pay it by May 2015 but will manage it now by September 2013! It will be interest free in the next couple of months as it is offset against some savings. No…
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MFW Small Steps to Massive Strides Diary
In two years time, our little family need to move to the next village for the sake of our daughter's education. She will be three by then and it will be time to get her name down for a school...schools are a lot better in that village as are all the child type facilities...swimming pool, parks, libraries etc My family also…
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What am us to do?
Hello, my wife has applied to take a winding up sum from an old pension, which now puts us in a position to clear our mortgage but am wondering if i should or not with interest rates so low. Have 17 k in an overpayment reserve which has reduced our mortgage to £150 per month, without the O.R. it would be around £260…
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Best Approach to Take
I am wanting to start making overpayments on my mortgage. I am on a repayment mortgage at the moment and would probably be able to make overpayments of around £250 per month. What I was wondering was if I go to interest only my monthly payment would be about £300 less and I would use this also as an overpayment taking the…
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Debt free in 8 years
Hello. After paying off my card debts I set.a plan in motion to pay off my £92000 mortgsge. I modified my spending to prevent unnecessary wastage then simply did the following. On every payday I checked my balance, allowed for my monthly set payments plus 10%, then paid what was left off my mortgage. This aversged £500 to…
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Ingrams Solicitors - Conveyancing
Hi All, I was wondering if anyone has used Ingrams solicitors before and if they had a good experience? Currently considering using these guys as the solicitors for my first house purchase. Many Thanks, Rich
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Mortgage question
We have three kids (aged 4 5 and 7) and have been living in London for 3 years as I moved here on a short term contract for my employer. I own a 5 bed detached house in Cornwall but we have tenants in at the moment. I just put it on the market for £450k because I am returning home. I have a £230k mortage on the home, so…
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Help
I want to be Mortgage free by 2025, but haven't a clue how to go about it, even after reading these posts. Anyone, point me in the right direction?
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HELP where can i get a morgage for a log cabin
My bank (lloydstsb) has just informed me that i connot sell my house and purchase land with the view to build a log cabin and open up my new business, thats the final straw with them, can someone please let me know of a company who offers morgages for log cabins, than you
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The wonders of spreadsheets
Hi I want a spreadsheet, but I am not computer savvy. So my question is do I have to have Excel? If i have excel does that mean i have to pay a fortune to purchase Office? So many questions? Sorry!:( I hope one of you wonderful people may help me.:A
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Settlement offer to bank
I have looked at the threads and not sure if this has been discussed before. Apologise if it has been discussed. Has anybody written to the bank offering a full settlement in cash in return for a discount on outstanding mortgage ? If yes, what was the outcome and how did you go about it ? Are there any templates to use to…
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Test Thread
This is a test thread
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The high and low risk ways to get to mortgage free.
Due to the nature of the forum name "Mortgage free Wannabe" this is likely to be a bit controversial. However, my own thoughts are - particularly in the current climate of low interest rates, if it is possible to do so (given the banks reluctance to lend), you are going to be better of in the long term by owning a relative…
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Halifax Mortgage
Hi, I am on Halifax SVR, have been for a few years but I'm only just finding myself in a position to start overpaying :T. I am using the spreadsheet to track payments but find the balance of my mortgage fluctuates so I have to keep adjusting the starting balance to make the current month balance tally up with what is on…
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Mortgage dilema
Hi, We returned from Australia earlier this year and are now in a position to buy a house. We currently have investments valued at around about 40k of which we could use in order to be mortgage free or we could keep these and get a 40k mortgage. Just wondering what would be the best thing to do in this situation and if…
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Nervous about house prices/mortgages! :(
Hi there, Am 21 years old and new to the forum! :) Is it me just thinking this or is our generation going to struggle with getting a first house with some of the prices going at the moment?! People come up to me saying they had their first flat/mortgage at the ages of 22/23, whilst now that would be impossible to do! :( I…
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some advice please
hi guys could some one give my alittle advice please? my mortgage outstanding is £100000 on an interest only paying 1.99 above base which makes 2.49% 14yrs left to pay had some problems, now i need to pay this down i dont have a lump to pay , what are my options?
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SOA need to get mortgage back on track
Mortgage figures in this SOA is for paying interest only and i would dearly love to get this back on track , any advise on the best way to achieve this would be greatly appreciated Statement of Affairs and Personal Balance Sheet Monthly Income Details Income from Employment (after tax). . . . . . . . . . . . . . . . . . .…
