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ive done it
at long last after 28 years with a mortgage my final amount sent off to virgin money a min after midnight soon as my fixed rate was up i think i will open a beer and have a smile the house now belongs to me feeling chuffed
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Overpayment limits
Had a quick look through a few pages of threads to see if this question has been answered but couldn't see anything. How is everyone overpaying so much with limits on overpayments? We have just bought a house but can only overpay 10%, so about £75 per month. This will be just manageable now, and not much more than that at…
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The Piano Diary
Good morning diary and all, I recently became debt free after 31 months of debtbusting over on Debt Free Wannabe, following the advice and diaries on this site. Here is my previous diary My debt free diary I have found keeping a diary really helpful in staying focused and also therapeutic being able to think things through…
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44 months to 40
I've been around the DFW boards for 9 years and in that time DH and I have paid off a lot of debt. We have been debt free for about a year now and it's so nice not to worry about paying other people. We've enjoyed having spare money, not that we have wasted it mind you, but we haven't been as careful as we could have been.…
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Want to be MF but need a bigger house!
I've been in my house for just over 4 years now and have switched deals a couple of times and now my current deal ends this Saturday. I have been accruing some savings as the interest rate on the savings was better than the interest paid out on the mortgage but that is no longer the case. I am still putting a total of £450…
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should we pay off our mortgage?
Hello We currently have the funds to pay off our mortgage. We plan however to move in 18 months time. Our current rate is 1.25% variable we owe approx £58,000 We will need a new mortgage when we move as we are upsizing Apart from the obvious with regards to savings and interests rates I just wanted to know if it will be…
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Extend mortgage term and overpay
Hi all I am new to the forum and hoping that I can get an answer to my question that I can't seem to find elsewhere. I am coming off of a 5 year fixed mortgage and am looking at a new 10 year fixed remortgage, with a view to paying off most if not all within that period. The mortgage I am looking at has no restriction on…
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Here I go again....
I cleared my main house mortgage a couple of years ago. The joys of being debt free were great. I did extensions on the house, did it up (all through savings), spent £50k putting my daughter through uni (at least 6 years before next child goes!) bought stupidly expensive jewellery, bought a stupidly expensive car - my only…
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Invest or Pay off
We are in the very fortunate position of being able to pay off our £70K mortgage thanks to a retirement commutation. However a financial advisor suggested this may not be the best way of using the money and it should be invested instead as this would show the best return in the long term. The monthly payment is not a…
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A Country Cabin
Hi, I've just bought a house after a (very) long time renting - and it's absolutely wonderful!! I have a garden to plant flowers in, rooms to make my own, and a front door where I can shut out the rest of the world (on the rare occasion that I want to). However, like everyone else, my journey has started at a high cost! My…
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Help with mortgage advice!
Hi I hope someone can help me with mortgage advice. My house is worth £350000. There’s a £208000 mortgage on it. There are 15 years left on it. We can afford to pay £1500 per month. I prefer fixed mortgages as I know what to expect and usually fix for 2 years. The best deal so far is Yorkshire building society at 1.39%. So…
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21 and looking to buy
Hi, Apologies if there’s an instant recognisable lack of knowledge regarding purchasing property here! I believe I will be inheriting around 50k and am looking to invest into property, in order to rent it out, as I am still living at home and am not looking to move out just yet. I have looked at buy to let mortgages but…
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Advice on paying off mortgage early
Afternoon all, Ive been a member of this site for years but never posted. Now my circumstances have changed im after some advice on what to do next. I am 37 and my wife is 31. We are due to have our first baby in October. We have been a bit care free over the last few years where money is concerned and havent really put as…
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Reduced Mortgage Term
Hi I am new on here, although I am already on the debt-free wannabe thread as I have a (0%) credit card and an (intrest free) loan from a family member to pay off. However, after taking out a 25 year mortagage with my (now) husband in July 2005, we should have just over 12 years to go, but on Monday we reduced the term to…
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Just made first mortgage payment!
Wanted somewhere to celebrate - it has been such a long hard struggle to get onto the property ladder but now my wife and I are finally here and we made our first payment a few days ago. My wife finds it funny how excited I got when the money left our acc but it feels absolutely amazing knowing that every payment is going…
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The Sexy Skinty Adventures Await...
Sooo..... I'm back - a little bit older and a whole lot poorer with a new problem. Splitting up with ex and now need to find the money to buy him out of here and remortgage by myself. Unfortunately I have about six months max to find shortfall of roughly 5K but anything is possible, yes? Not on my wages it's not! A lovely…
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Mortgage free on 1 house or smaller mortgages on both
Hi I’m looking for some advice on how to use some savings that I have painstakingly built up for our next move. There has been some very frugal living to prepare for our next move. The savings, around £43000, would give us 67% LTV including equity from our current house. The other option is to use these savings to pay off…
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What you do? Stay invested or pay off mortgage?
Hi I consider myself reasonably financially savvy but just wanted to put this out there to hear what you guys think about whether to sell my investments and pay off the vast majority of the mortgage of not So about me Married mid 40s 3kids Household income £130k 2xdb pensions worth 20k per year at todays prices 1xdc…
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Building Up Some Options!
Hi Guys Been a long time since I posted but have remained a lurker behind the scenes and have still been working on the money stuff a lot - today is the day for a shiny new diary :) Current situation is as follows: House value = £200,000 and Mortgage = £135,730 and 1.5 years into a 5 year fix, 14.5 years to go. I've…
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Not paying off mortgage completely?
My husband and I will be in the fortunate postiiton of being able to pay off our mortgage within the next couple of years. My husband has sold his business and we were planning on using the proceeds to clear off our mortgage. However my dad recommended that we don't clear the entire mortgage but leave an amount in case we…
