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Tales from The Shire
Tales from the Shire All we have to decide is what to do with the time that is given to us. J R R Tolkein After many happy years in the Garden of England we have started a new adventure in The Shire. Although still reeling from the stress and upheaval of the house move, we can see the potential for a wonderful home and…
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Thank you everyone
As a very long time lurker on this forum, I wanted to say thank you to everyone who has provided advice and inspiration over the years................... I am now mortgage neutral :T I took out an offset mortgage when they first became available and have concentrated on paying it off - on 7th July 17 i was fortunate to be…
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Would like to be Mortgage free in 10 years - 10yr Fixed rate mortgage vs Over Payment
Hi guys, My wife and I are newbies at this and would like to ask the experts out there what they think? Our mortgage renewal is up in 5 months, it will be 21 year term, we are currently paying £737 a month on this. Our house is worth £330,000 and the mortgage would be for £147,000. We are thinking about setting it to a 10…
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The mindful MFW: A healthy, happy journey to a mortgage free life!
Hi all! Some of you may know me from my last two diaries (museumworkers quest to consign the mortgage to history and Making the Future Happen). A lot DID happen during my last diary, mostly things that threw me off the MFW course, including an unexpected (but much loved) third child and a new full time job! These are both…
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Why would I want to pay my mortgage down?
Hi everyone, bit of advice please. Our scenario is: - Couple are 36 and 44 years old, annual income of about £175k gross between us. - Moved house 2 years ago - £1,175,000 house value (predicted) - £700,000 mortgage - About to move onto a 10 year fixed mortgage at 2.49% - We put additional savings into pension…
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Taking it slowly, but doing it well.
Good evening all, I'm rejoining this thread and you lovely people after a break of a few years. I've got a new user name, but only because I can't get back into my old account. (My old diary was called 'Today is not a NSD' I've kept the start of my username the same, so it's still a big wave hello from me, Wish. A quick (I…
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A penny at a time - MFW + Minimalism/Zero waste/Simple Living/Frugal/Old Style/Crafty
Hello, I hope I am ok starting a post here! I’m Nessy I live with my other half and our two pup pups in a small terraced cottage which we bought coming on two years ago. We bought our little cottage because a) It was small. All we have is a falling down garage (not near the house), a super small garden, small lounge, small…
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Single Disabled with MH problems aim 2 b mortgage free 1 day & lead a healthier life
OK so I am new here, well not new BUT haven't posted much. THIS is a whole new learning curve for me AND I dont know if i will ever be mortgage free BUT alls i can do is TRY. I am in a MH unit at the mo, after being in a psychiatric hospital for 6 weeks ( my 10th admission in 5 years from 2 week stays to 5 months) I WANT…
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10 Year Retirement Plan - Mortgage Free too
So, Hi. Let me introduce myself. My name is Daniel, or people like to call me Denz. Ive been toying with the idea to start my retirement journey. So now i`ve started it and wanted to share this journey with you and hopefully give you the inspiration to join me. I will be sharing my ideas, thoughts and what im doing to…
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Overpayment Question
In a few months time (after our wedding), we will be in a position to start overpaying on the mortgage. I have been doing some playing about on a calculator https://www.halifax.co.uk/mortgages/mortgage-calculator/overpayment-calculator/ The terms of my mortgage state that any over-payments need to be over £1k at time, I…
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Viking's Diary
So I'm a recent convert to MSE, oddly directed here by my FIL's love of the Martin Lewis Money Show. We're trying to move house right now to a place closer to work, which will actually involve picking up a much bigger mortgage, but having lurked for a few weeks I finally worked out yesterday that our current mortgage is…
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Mortgage Free Mission
Hi Today's the day I finally made my plan to become mortgage free I was quite late getting my first mortgage and I'd now like it paid off as quickly as possible. Joining this forum to help keep me motivated and please pass on any hints and tips you have I've set up a regular overpayment with mortgage company every month…
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Mortgage Free - Thank You All!!!
Hi All, I've been following this forum for a long time and would like to say a huge HUGE thank you!!!:beer: I paid of my mortgage on Friday in my lunch break as I had an unexpected bonus in June's pay slip, so I'm 34 (and 1 week) and totally debt free! I couldn't have done this without reading the threads on this forum so…
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Do I pay of my mortgage?
Hi guys I have 7years 7 months to go on mortgage which is currently at £10,10,389. I'm paying 1.75% in interest and was thinking of paying this off. My redemption price would be £9,922.34, I can pay that off and still be left with over £25,000, in the bank I do need to change my bank account as it's not paying that much.…
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Just bought a house!!
So me and my partner have just bought our first house :beer: I'm looking for advice on our best way to repay the mortgage. The house was bought for £248,000. I'm 26 and shes 24 next month, we went in totally 50/50. We have used the help to buy equity loan, (around 18%) £44,000. The mortgage is a 5 year fix at 2.57%, 30…
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10% overpayments
Hi May be daft Q but my lender allows 10% OP every year, we have a 10 year fixed rate and hope to be MF at the end of those 10 years (fingers crossed!). Do you ring your lender to find out the 10% you can overpay each year or can I work it out and just try and make those payments? Is it calculated from January or from the…
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Ian lee
I have a mortgage of £42k I also have a private pension of £59k I took the tax free allowance 2yrs ago can I pay the remaining mortgage off using my pension without paying all the tax penalties or will I have to pay the full amount of tax
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My long slow journey to mortgage freedom
I have finally decided to move over to the mortgage free part of the forum. :beer: I became debt free in January of this year. :T:T We (DH and I) have been making small over payments to the mortgage for the last 2 years or so, while I was getting out of debt. We also have been paying ourselves back for a car we bought with…
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Is it best to take out 2 year fixed or 10 year fixed
Hi After some advice, what is the best option to pay off mortgage early. Based on a 13 year mortgage with roughly £213,000 remaining, we could overpay by £1000 a month, working it all out we could complete in 7-8 years, however is the best option to look at a 10 year fixed or 2 year fixed (and keep changing), 2 year…
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The Last Castle
A mortgage free fraud here :) As per usual I'm getting ahead of myself, we don't currently have a mortgage as we have only just started looking for the house. When I was clearing debt I found my debt free diary was great for keeping my eye on the prize. I'm trying for the mother of prizes this time, retirement well at…
