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To OP or SAVE ?
Hi All, Here is my dilemma, should I continue to make OP or save a deposit for a house. I have a new build flat on firstbuy. I own 100% and have a 20% equity loan. Until the loan is cleared I can't sublet it. I am really missing having a garden, and would like to buy a house at some point. To do this I will need a sizable…
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My bid to bust that mortgage
Hello again, full life change, I find myself with large mortgage -£140,000, two kids and working more than full time, husband has vanished. So down to me ... Plan: to overpay mortgage with any amount possible but really need to aim for £150.00 a month (or more when interest rates start going up). This is to enable me to…
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Opinions on Mortgage Natwest
Hi There, Hoping yous can give me your thoughts etc. I am currently applying for a mortgage. Previously i applied with my gf but with odd late payment on her credit report we were rejected. I have waited 4/5 months and have decided to apply myself with Natwest. I am currently on £11200 and wanting a mortgage for £40000.…
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Back after my break
Started on the mf journey 5 years ago My plan was to be mf in 5 years and kind of lost my way Years 1 to 3 reduced my mortgage from 97 k to 47k Years 4 and 5 completly did the house up and went on a coast to coast hol to the USA Mortgage reduced to ....................erm 47k Well I'm back. I've done it before. Don't need…
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Using top cash back to get OP's
Hi, Does anyone use top cash back here? I just joined need some advice...two things I am interested in: One is free credit report (i do actually want to see mine) so I am gonna do a free trial with one of them..Is it right that I will get £7 to take out a free trial and then cancel it? Lovefilm...do a similar thing, I am…
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new year no money!!!!
Happy New Year everyone , i've been making overpayments of £499 for about a year now each month. My mortgage is £310 a month so the extra i pay is alot, i find it a struggle to find the money but know its a good thing to do in the long run. I partner and children sometimes tell me to calm down on paying all this money…
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Remortgage
Hello first time posting, Remortgage on benefits, I own my own house £170,000 and I would like to borrow £90,000 to buy a business then I can get off benefits, i am disabled after an work accidents so finding it hard to find work so think this is the best way to work, Any help would be welcome
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On a mission!!!!
This is it,my 1st thread,ive now popped my MSE cherry!!!!:rotfl: 1st of all,i would like to thank all of you for posting,ive read loads,and its awe-inspiring,and i would like to take this opportunity to blame you all for my current obsession,Im a Mortgage Free Wannabe!!:j I thought i was quite good with my money,until i…
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Bit of fun - whats your lowest OP?
A bit of fun, whats your lowest OP into your mortgage? Today I made a cash OP of 88p!! As I left the bank I found 5p on the floor and nearly walked back in but didn't! So my lowest OP is 88p - over the counter Has anyone gone lower? PS This is ontop of my normal OP
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Going to get rid of my mortgage!
Hello! Im not a new poster but Ive reregistered as my old name was too identifiable I've decided now is the time to become mortgage free, and Im going to pay as much as I possibly can to get rid of this mortgage! Our house is actually on the market but with no success- but we are in no rush to move anywhere anyway. If we…
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Cash in Isa and pay off mortgage early or wait 7 years?
My remaining mortgage is about £28,000 - this is about 75% interest only and 25% repayment terms. My original mortgage was for £65,000 and I havr 7 years out of 25 left until redemption - 2020. I started an Isa with my mortgage and that had a target of the 65k. For the first time ever the Isa has topped £30,000! I don't…
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The Long, Long Road to Mortgage Freedom
Hello. Some years ago, I was inspired by Dithering Dad, and finding this site, to start to tackle our mortgage. We paid a lot off, but knew that we had major renovation work to do and that at some point, the mortgage would have to go back up again. :mad: We did our rebuild, but then life and laziness got in the way and we…
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Decided to go for it
Well you lot have inspired me to attempt to be mortgage free by 2018. I have set a five year target which I think is doable. I do have savings in ISA's which I am hoping not to touch unless rates drop and mortgage rates rise. Currently it is £81,212 owed. It is part interest and part capital due to end in 12 years time. I…
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Rainy Day fund vs overpayments
I have a wife, 2 young kids, and a household income of around £52k. I was wondering how much i should keep in reserve/savings before putting all my spare cash into mortgage overpayments. I currently have around: £3k saved in instant access savings £2k in long-term savings (can withdraw with penalty) £10k in shares (at…
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Overpay Vs Save with Firstdirect
Hello, can I check something with you clever peeps. I found out from someone on here (forget who very sorry to the person) that first direct do a monthly saver at 8% Am I best to continue overpaying the mortgage at 3.99%, or stick the money in an first direct for a year and then overpay at the end of the year?
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Me My Mortgage and I
Hi all, Having cleared my personal debt on my own (despite it being jointly generated with my ex wife upon divorce I was told it was all mine!) I now want to tackle my mortgage. I've seen what a great help everyone on these forums can be and the motivation it gives those who take part. So, rather than starting this journey…
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Can I live up to my MSE name?
Hi I am a long time lurker & occasional poster & i think it is about time I started my own diary to keep me on track. I am married in my 40s with 2 junior school aged daughters. DH & I were mortgage free at 40 then fell in love with a bigger house with bigger garden in need of a total renovation & extension - so we sold up…
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Mfb450
Hi all, I've been lurking on here for longer than i can remember so thought i should start my own MF diary. I am 44 and bought my first house at the age of 20 in 1988, got divorced 10 years later and bought my ex-wife out. If i had stayed in that house i would have been mortgage free in august this year :( . BUT....I…
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Overpayments: reduce the term or monthly repayments?
Hi, We are going to start working towards paying back our Mortgage asap and become debt free! We have two options: 1. To use my overpayments to reduce the term and keep the monthly repayments the same. 2. Reduce the monthly repayments but keeping the term the same. Which will reduce my mortgage the quickest? Which would…
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It's kind of fun to do the impossible
I like doing the impossible. Or at least trying it. It motivates me and, to be honest, I like to prove people wrong!! It's not that I'm argumentative (much ;) ), I'm just determined. I'll just set the scene, if you don't mind. I'm 18. My friend is 19 and wants to buy a house. I have my own dream to buy somewhere but I have…
