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I know I must be a little crazy.....
....but, at the ripe old age of 64 (and a half....ish!), I'm retired and mortgage free, and I'm considering the possibility of purchasing a holiday home, for around 85-100k; My question is, could I get a mortgage/remortgage, based on my pension being my sole income, and for a period of say 15 years, or would it have to be…
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Starting over double the mountain to climb!
Hi Everyone I had an account previously but I managed to lose my username and password so I have decided to set up an new account which sits nicely with my new mortgage free dreams. So a bit about me, I am a mother to 2 boys wife to another :-) We have just completed on our forever family home in the SE. We paid our…
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Quick question - pay off mortgage or save up for second home?
Hi, I have a mortgage diary on here but thought I'd just post this as a quick separate question :) I would like to be financially independent and have my DH and I retire early. I've been under the impression that I should be throwing everything at the mortgage, but doing some research into being FI and retiring early I'll…
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New DIary, Conflicted MFW
Good morning everyone, I have had a diary here before but have been away for a while and need to return/reboot MFW lifestyle... but conflicted in a few ways .... I used to overpay relatively frequently can't remember exact figures but will dig them out at some point - DH was supportive and at times keen but looking back it…
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Complicated!
Not sure if posting this in the best place as it covers just about every financial product.....question is what would you do in this situation? My main mortgage (on a house I love and want to retain) is £425,000 and due to be paid off in three years. It is interest only with a bank taken over by government that will not…
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Single Homeowner Wanting to get a Freehold
Hi All Thought I would come here for help and assistance with trying to get my debt cleared and then lower my mortgage/save in order to get out of my one bedroom flat and into a nice house (freehold) where I can hopefully not have to move from again. I have just started over paying my loan and I do have emergency funds for…
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Single Homeowner to freehold
Hi All Replaced with more accurate name as could not delete
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Pay off mortgage with loan?
Any advice welcome- we are lucky enough to have got our mortgage to under 20K as we stayed on the mortgage company's standard rate (4.74%) but it meant we could overpay without incurring penalties. It appears it's not worth trying to remortgage for the remaining amount (or another mortgage provider won't for 20K.) There…
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MissCreative's journey to financial freedom!
Hello! This is my first post on my first thread as I'm hoping to have some company over the next 10-15 years whilst I pay off my mortgage! :hello: I know you wouldn't really expect a 25 year old to be scrimping and saving to pay off her mortgage early, but here I am! :rotfl: So, some details about us and our mortgage: DH…
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Penny by penny...brick by brick!
Hi everyone, This is the start of my fledgling MFW diary :T Little bit about me...I'm 33, happily married and and have a 5 month old daughter. I seen the light a couple of weeks ago - thanks to the MSE overpayment calculator and have been constantly thinking about how I'm going to put our plan into action ever since.…
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Unsure if I have my sums right, any second opinions greatly appreciated.
Hello all, I am having major issues trying to work out if it makes sense for me to over pay 10% on my mortgage on the 1st January or to keep it in the bank to earn tax-free interest. If anyone can explain it to a financial moron then I would be most thankful. I will have (give or take a £1), £57500 left on my mortgage…
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Sell BTL to pasy down mortgage
Hi everyone, my wife and I are now serious about trying to become debt/mortgage free as soon as possible. We have a £215k mortgage on the house we live in. £75k equity in a flat I own which I rent out. (£39k left on mortgage - approx 7 years to clear on current rate) Credit card and car loans come to about £15k. We have…
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Mortgage experience from ICICI bank
I was in search of good mortgage plans for last 1.5 month. My mortgage broker Canada mortgage suggested me some attractive mortgage plans from ICICI bank. I am okay with the rates. But I don't have any banking experience with ICICI. My colleague told me that most of the foreign lenders have some kind of hidden charges, he…
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Mortgages for contractors
HI GUYS If I have been doing job contracting ro 10 or so months. What's the likely hood of me being accepted for a mortgage ? Would it be too difficult to get a mortgage from a high street lender.
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ZC's Aim for a little independence
Hello. I've been a regular on MSE for a long long time and have been a follower of many fabulous diaries on here. I've been thinking for a while that it would help me to have a diary as I do spend quite a lot of unnecessary money. Don't expect anyone to read - it's to help me! So, DH and I are lucky enough that our family…
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Excel mortgage Calculator
Hi all, it's been a while since i was on here and there used to be a few links to Excel spread sheets for showing up your overpayments etc. Anyone have those links please?
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Lumina's leap towards a brighter future
Like many others, I've read countless mortgage free wannabe posts over the past year, but never managed to start my own diary. But here we go, I'm determined to make a start. A bit about us, we're a family of two (soon to be 3 :j) and have gone through so many changes over the past year, that I've kind of lost track of our…
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Almost there.
Been a reader for a while thought I'd join and throw my bit in. Started paying off the mortgage by reducing the term by about two years or 18 months etc. The best deal was 4 years ago when I came out of deals the mortgage was low and no penalty for over payments, This is when I decided I'd throw any spare cash at the…
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Downshifting to a nicer life...
Hello. A DFW for many years (on and off) and now debt free, my thoughts have turned towards bettering my somewhat hectic and stressful life and paying down my mortgage. I live on my own, with DS with me for half the week, and own my own house after splitting up from my soon to be ex-husband a few years ago. All of my…
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MFWW - Cinny's Comeback Kid
It's been months since I posted, but after a whirlwind of life as a new mum and a new family things are finally settling into a good routine and hopefully I'll have time to update here. We made the decision to not buy our current home as we planned to in my last diary. We're now aiming to buy a house in my hometown in 2019…
