-
Real life adulting by a near 44 year old single female!
I have spent the last few days reading and reading and reading all these fabulous diaries and decided to bite the bullet and start my own! A little history I am a 43 3/4 year old female and never been married, no dependents, work in a fabulous career that allows me the freedom to do my hobby as my job and i am very…
-
What point did you stop worrying about mortgage?
Is there a magic moment where you haven't paid a mortgage off but you realise you're close to the end or debt is minimal? Perhaps under 100k that must be a milestone?
-
MF Target 04.01.24
Feels like we’re on the home straight now. We don’t want to stop having a life but boy would it be a sense of freedom to not have to pay the mortgage every month! We’d love to move back “home” in a few years. We run a business for 2 x directors/owners who have a delightfully hands off approach and we need for now to be…
-
JSA AND RELOCATION
Hi, If I relocate from SE to NW England, can I claim JSA whilst looking for a job? I have checked today and I have 28 full years of contributions... Thank you. Just trying to get the facts before I make any giant leaps into the future
-
Mortgage free in around five years (or close to it)
I'm currently 32. Aiming to be mortgage free or close to by the time I'm 40. Certainly looks doable in the next six years if not sooner. However my five year fixed comes to an end in November and I'm aware rates have gone up. Will probably stick with my bank to avoid extra remortgage costs and hopefully still get a fair…
-
All paid off - confused about Land Registry
Paid off my mortgage at the beginning of April, received a letter from Nationwide confirming all was done, then later in the month received a letter from the Land Registry saying they had received notice the mortgage had been paid repaid. The LR letter states 'If you wish you can obtain a copy of your registered title…
-
65k in 65m
Hi! So, I've been reading this forum for a while now but I've only just decided to make my own diary. I have an obsession, which probably teeters on the edge of being unhealthy, with becoming mortgage free, ever since I realised I would have to borrow to own my own home. As I don't really have anyone that I can talk to…
-
Mortgage overpayment limits
Hi all, I've been thinking of overpaying my mortgage early but I am a bit confused regarding the overpayment limits. Eg. The overpayment limit on mine is 10% of the yearly balance, but how is this calculated? Is this the year from April to April? Or the month when I started the mortgage? Do they look at the year on a…
-
Mortgage on benefit
Ok so i can use my "right to buy" option and can get my house for £40k (50%) discount entitled. Im self employed and earn £132 per week as well as the £69 carers. My daughter has just been awarded DLA which is £4429 per year and get that for the next 8year til she turns 16. If i put down 15k deposit would the bank give me…
-
Mortgage free or staircase to 100%?
Hi all, Was hoping to have some advice or anyone that had/is going through the same situation as me... I bought 50% (£200,000) of a shared ownership 2 bed apartment last year and has been going great. I brought a lodger in and this has allowed me to save a lot and with savings and good pay rises, I'm now in a position that…
-
Getting back to becoming MF
Hi I used to be on these boards quite a bit, making over £30k of overpayments
on our old mortgage thanks to MSE; but unfortunately, life over the last 18
months has just gotten very busy. Like many families the rising cost of living
is forcing us to bring our attention back to finances. Just to give an idea of who we are,…
-
The turtle moves.... slowly
Hello all! Must admit, I spiritually feel like a DFW who doesn’t belong on the grown-ups board, but I’ve been debt free for over a year now so I'm shyly venturing into MFW territory 😂 For some background - after spending several years living beyond my means and thinking a ‘good’ salary meant I didn’t need to budget (while…
-
Charging Orders on property - help, what do I do.
My case is probably more on the Legal side, I have about 5 charging orders dating back to 2003 to 2009 See below for details: NOTE: Original filed.7 (21.03.2003) REGISTERED CHARGE dated 3 March 2003 to secure the moneysincluding the further advances therein mentioned.8 (21.03.2003) Proprietor: THE MORTGAGE BUSINESS PLC…
-
Paying off mortgage in Scotland - solicitor costs?
My bank (HSBC) has said that I need to appoint a solicitor to pay off my mortgage so that they can send them any documents held. I hadn't realised a solicitor needed to be involved but I guess it makes sense. I've tried to Google approximate costs but most solicitors have a "contact us for quote" options, which I'd rather…
-
Long time lurker with some decisions to make
Good morning everyone,,, long time lurker here, Ive been making overpayments for the last 10 years on my mortgage, which has spanned accross 3 home moves, our current home is worth just under 500k at current prices i would guess... and being mortgage free will this year be a reality once my tie in period is finished in…
-
Big day tomorrow - pay it all off!
Get paid tonight (early morning), and will be paying the mortgage off as soon as the pay goes in my account - I am with the Nationwide and have got the redemption figure from them. All seems good but I am a little confused about paperwork - the guy I spoke to on the phone said I will receive a letter within 15 days saying…
-
My plan - comments welcome/requested!
Hi, I am almost five years into buying my first home, which was financed by a deposit, a five year fixed 35 year mortgage, and a 20% Help to Buy Equity element. During this time I have been saving and overpaying my mortgage as fast as I can. Recently running the forecast I am aiming to be debt free in just over a year. My…
-
Overpayment - reducing monthly repayment Vs reducing term
Hi folks, good afternoon! I'm hoping someone with a more mathematically focused brain can help me out here! :-) I have a mortgage of 80,000 remaining at a fixed rate of 1.8%, and am making a 10% overpayment as a lump sum. By default, this reduces my monthly payments. We will be remortgaging next year after our fixed rate…
-
Leeds Overpayment Confusion
Hi all, Me and my partner are seven months into our first mortgage and we are in a position to make an overpayment (well within the 10% allowed without penalty). I've read the advice about specifying you want to have any overpayments come off the term of the mortgage, but I've called Leeds Buidling Society a couple of…
-
Overpayment advice
Dear All, I am about to renewal my mortgage for ten years, I have built up an overpayment fund of 17k. Should I cash this in now or wait until after my ten years fixed has ended. I have 85k left to pay. If I cash it in now my monthly payments go up. I will be mortgage free after these ten years has ended. Thank you
