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Overpayment Application
Hi all, Does anyone know of a decent overpayment app? I find the spreadsheet confusing on here, and it would be convenient to have it on my phone to glance at and dream MFW dreams. FLC
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September 2014, £104,000 to go!
Seeing as savings rates are shocking, I've maxed the matched contributions on my company pension, AND I'm too chicken to get into the stock market; Paying the mortgage off seems to be the best bet by far.. Would appreciate any feedback Current situation Mortgage £104,000 Budget excess circa £1,000 per month Savings £50,000…
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Focused on Financials - mortgage free diary
Hello! I'm brand new to posting on MSE although I've been lurking for 10 years or so (started out as a Grabbit devotee). We're a family of 4, there's DH and I and our two young kids. There's also DH's older kids from a previous relationship. We've spent the last few years cleaning up a bit of debt... Nothing massive but it…
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Castles in the Sky - making reality out of the dream
After perusing the boards for many years I have decided now is the time to start a diary of my own; Back Ground last year I moved into my own perfect home – it is a new build and exactly what you would expect from this. It is small; boxy with a small garden; and I absolutely love it!! To achieve this I part exchanged my…
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MFWW - Cinny Gets Serious
Hey Everyone/Anyone! As we recently paid off my debts, I'm desperate for us to keep on track and carry on working towards our main goal of home ownership! So I'm hoping it's okay to post here, as I'm not an official MFW.. yet! I live with my OH, and our goofy puppy, in a house that we currently rent but are aiming to buy.…
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MF take two...
Some of you may remember me, my old diary is here http://forums.moneysavingexpert.com/showthread.html?t=2263449 Well we are still mortgage free but about to sign on the dotted line once again… In 2004 I met my now husband, had some holidays did a mini refurb, got married 2007, first daughter in 2008. Had issues at work…
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The Necessities are just opinions… The Big Bill Reductio
Morning, I would just like to put our draft plan down to see if anyone could offer any bright ideas on how to make some reductions. Just to put our plan into context we have are both 29 years old and have lived in our house for the past 6 years but on interest only to allow us to make home improvements. In the New Year we…
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Diary of a disappearing mortgage
Hi I have been working on reducing my mortgage since January 2014. So far it has come down from 62,000 to 57,300. At the moment I am able to put in approx 1,000 a month but that doesn't always happen because of other calls on my salary. I am planning to be mortgage free in approx four years time. Last month I put in 750.00…
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Mortgage moving and profit question
Hi I am currently in a 4 year fixed In its first year at 3.99%. Mortgage debt is currently approx £90100. We are thinking of moving home. We have been valued at approx £134000. However the home we are thinking of buying is £70000. I am slightly unsure how to calculate the profit from this potential sale and subsequent…
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Mortgage Free No Longer Wannabes - what did you do next?
We're asking our fantastic Debt Free No Longer Wannabes what they're doing next and we want to know what our Mortgage Free No Longer Wannabes are doing too to hopefully inspire other readers trying to pay off their mortgages early :) Are you now building up your savings with the help of the Best Savings accounts and the…
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How did you/will you celebrate your final payment?
I should make my final payment in December. I want to go into the bank and pay the last couple of hundred in cash first thing on a Saturday morning. Then off for a champagne breakfast in a fancy bar! :j How did other people mark their grand occasion, or intend to do so?
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Overpayment query
Hey :) New here so hope I'm posting this in the right place. Have a mortgage with HSBC and just had our annual statement. Husband and I have been making regular overpayments for last 18months and paid a lump sum following inheritance at start of year. Because of this I was expecting the statement to show a sooner end date…
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Fees gripe...
Am I being dumb here... I was getting a remortgage from Halifax which was classed as 'no fee', so I thought there was 'no fee'. However, when completing paperwork there was a fee of £295, when I questioned this it was something called a 'mortgage accounting fee'. Now to me no fee means no fee. They said it is for admin…
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Hambro Gardian Endowment.
Hi Looking to pay our Mortgage off as soon as possible but not sure what to do about the above.We currently owe around £52000. Our endowment in a unit linked one and is currently worth around £27000 with 3 years to go. Now i think we would be better off cashing it in and trying to reduce the mortgage which currently stands…
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A goal to work for... at last
I am a long time lurker here and have been inspired to set ourselves a target to be mortgage free. Bit of background... We took out a mortgage of £115,000 in 2009 and now have just £32,000 to pay off. We are currently on a First Direct fee free two year deal (2.49%) which runs till Oct 2015. We can make as many…
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Should or Shouldn't I
4 yrs ago We got a great deal on our house, we have a 175,000 balance, realtor valued it at just over 400,000. we are both 54yrs old, we have about 45,000 debt. house is big with 3 living here, wife has extremely stress job. would it be wise to sell, find a home for 150,000. pay all debts, and live mortgage free, I'm…
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Would love to be mortgage free ...
Hi all, we've been in our house for 20 years ..... but kids, caravans, house extensions, life generally has stopped us from paying off the mortgage. We are on an excellent mortgage rate at the moment, couldn't possibly beat it I doubt, 0.79% tracker for life..... I think we owe about £65,000 as of now. It's coming down…