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Should i pay off mortgage??
Good Afternoon. I had a small repayment remortgage with the Halifax for 8 years term 2 years ago. It is fixed at 5.49% for another 3 years then transfers to current rate. I have just under 13k remaining and have just recieved a lump sum of cash which will be enough to pay off the mortgage in full. To pay this off in full…
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PaddyPaws peruses the possibility...
...of being mortgage free Well, I’ve been lurking on here longer than I’ve been a member and thought it was about time I joined in properly. Also a lot has changed for us in the last couple of years so I want somewhere to keep track and help keep me focussed on getting MF. There’s me and Mr PP, along with our very grumpy…
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Second time buyers looking for advice
Hi everyone, looking for a little advice - while I know that the decision is ultimately up to what we personally feel is acceptable/possible. I would like to see what you guys think. We currently own a property which is worth 120,000. This is based on the sale of properties the same as ours, in our estate which have sold…
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Ex-DFW - now for the MFW challenge!
Hi all As a DFW who is now debt-free, well unsecured anyway, it's time for the MFW challenge. I currently have 20yrs 11 months to go on my mortgage and am going to start overpaying by £200 next month - this should drop the term by 8yrs 10 months. Here goes! :cool:
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what is the best to do
i have a house i have been renting for 3 years (went back and stayed with parents for 2,renting flat 1 yr) im 34 the house is worth 185k outstanding mortgage 128k i am just about to set up a better mortgage where the rent money will just about cover the mortgage payment i am set on buying a flat i rent of a family friend,…
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mortgage statements
Hi everyone i got my mortgage july 2011 and received a statement jan 12. Throughout 2012 i made several overpayments by popping to bank, each time they give me a receipt. Would love to see would the balance is as havent seen one for a year. When do you think i will receive the statment? Also can you get then monthly or…
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Basic Question
I am coming to the end of my first 3 year deal in August and want to pay off a large lump sum before I get a new deal in place (either with existing bank or a new one if better deals prevail). How do I go about making this payment before the new deal starts without incurring penalties for overpayment which exist in the…
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Opinions/advice wanted from those who consider themselves good with money.
Hi, Im not sure if I should be posting here, but there wasn't really a category for my question as I'm interested in learning about values and attitudes of those who are good with money. And I figured that would probably be the place where people were trying to pay off a mortgage early. So if this post is in the wrong…
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Overpaying with Santander
Hi all I'm a new recruit to the MFW board! I've just spoken to my mortgage provider (Santander) enquiring about how to make regular overpayments. It's straightforward enough they said - just send it through internet banking with the mortgage account number as a reference. Great! I thought. They they said "oh and then…
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How did you get your partner on board?
My partner doesnt take as much interest in Moneysaving as I do. She is very good with money but she wont actively take part in the future planning of Money. I've been trying for a long time to get her interested or even excited about overpaying the mortgage but whenever the subject comes up she always moves the subject on…
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Mortgage Free by 40? 8 years to go
I am not really sure about how this works, as I just registered and haven't posted anything on the forums before, but I am inspired by reading about everyone's efforts here! I am 32, have a mortgage with RBS which is fixed for 3 years, I can't remember the exact rate but it's just over 4%. I am allowed to make overpayments…
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Reaction of friends, relatives to the Mortgage-Free Wannabe idea
Reaction of friends, relatives to the Mortgage-Free Wannabe idea I am on my MFW journey for the last 3 years and 1 month. Thanks to the main website and forum my knowledge has greatly increased helping with finding the suitable mortgage and choosing my mortgage ‘battle’ strategy. I am very happy with my offset mortgage and…
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Juicygirl's forever home but NOT forever mortgage diary- Take 2,
Hi all, I joined this forum early last year. The previous thread I started can be viewed here: https://forums.moneysavingexpert.com/discussion/3047316 I allowed this thread to disappear into oblivion as the many challenges of 2012 ( some wonderful, some not so) meant the mortgage was the last thing on my mind. To summarise…
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Mortgage for Incomplete Self Build
Happy New Year to all, My wife and I have recently found the house of our dreams, an old Chapel that has been partially renovated. It has water plumbed to the house, oil fuel, electricity but does not have a kitchen, bathroom, heating....the list goes on. Our plan was to purchase and buy basic amenities initially to make…
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Cut the interest payments
Hi folks, A long time lurker/reader but feel now time to start own diary. Spurred on by end of year mortgage summary and lack of headway on reducing capital this can be the year that I fully convinced OH to get on board, she admits herself that she is not the most financially savvy of folks. A bit about us, both work part…
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Would like to be mortgage free by 2029
Hi, I really would like to start over paying my mortgage by 300 a month at the moment if I carry on paying what i pay I will finish in 2042. Can anyone please help with how I go about it and how they've done it. any information would be much appreciated. And can anyone tell me how to do the signatures so I can do updates…
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It's 'The Final Count Down' da da da da
Hello, well in true MFW styley I am starting ANOTHER new diary. Last year I was RUBBISH at updating my diary! I will post links to my old diaries when I can find them all :p . My original plan was to be MF by the time I was 40....well I was the magic age in July 2012 and it didn't happen! Hubby bought a rather nice 4x4 in…
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First steps on the road to being mortgage free
Hi, this is my first post to start our own challenge. I have just asked financialbliss, if I can take part in MFiT-Take3. I hope it is not to late. Not expecting any answer until later this week, as everyone still needs to recover from last year. :) Hubby ist fully behind the MFW challenge, which is the main one for us.…
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SF's road to mortgage freedom!
I can finally join in on this board! Bit about me: I joined MSE way back in 2006, aged 20, as a student looking to make her money go further. Since then, I've graduated, done a post grad, got a job, made redundant, got a temporary job, moved house, then got a permanent job and bought a house! Me and DH (we got married in…
