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The rural (money pit) project
I bought an unusual house a few years ago that has a few issues to say the least! It's in a lovely position but the house has not been touched for 30+ years when I moved in. I've lived here with no heating for 7 years. It has only really been this year that I feel I might be in some sort of position to slowly start dealing…
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Mortgage/ rent/ service charge free: Off grid?
I've built some equity in my first London flat but struggling to find a freehold in the not particularly desirable area in my budget. I don't mind paying a bank the interest on a mortgage but service charges and ground rent to me are dead money and moreover exploitative. I'm now at the point where I'd rather clean out my…
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Pension vs Mortgage
Afternoon folks ! I've just hit 55 and can drawdown on my pension. I'm not relying on my pension for future income, I have other assets that cover that. So I don't really NEED the pension per se. If my pension is worth say £100,000 and I will be taking the full 25% Tax Free chunk forthwith. This will leave £75,000 in the…
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Mortgage free target is under 10 years
I’ve been here before, over on the debt free board a while back. Quick link to my last diary https://forums.moneysavingexpert.com/discussion/5073831/working-towards-being-debt-free-and-a-new-house/p1 I’m back because we need a little motivation to stay on track :) our mortgage has 23 years left to run, I’d love to be able…
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Moved to the "forever" home. Now to pay it off!
Hi everyone, I'm pretty much a total newbie here but have been reading your diaries with interest and I thought I'd start one of my own as I'm feeling daunted! We've just moved to the house that we aim to live in long term and hopefully until our two young children are grown up. We absolutely love it but in order to move…
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greent's mfw journey
Afternoon all! I have been inspired after reading lots of the diaries on here to join in. Background: OH and I are both 40. Have 4 children (12, almost 10, 4 and 10 months) OH was made redundant twice last year and recently started working as a contractor on a daily rate (4 month contract, may be extended a little) - so we…
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Obtaining Title Deeds
Now I am mortgage free,I would like to obtain my title deeds.Been told you have to go to a solicitor.Can anyone advise.Guess you cannot obtain yourself.
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Mortgage free dreams
I'm a recent FTB. I managed to purchase a 2 bedroom flat in a block in Eastbourne as the sole purchaser. I can't see that I will need to move ever (unless maintenance fees get extortionate or I wish to get a pet) as I don't want children, so will never need more space. Regardless, I want to start trying to reduce my…
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To mortgage neutral and beyond...
Hi everyone! This is really a statement of intent; I’m starting this diary now even though I’m not really going to be doing anything much with it until this time next year. We currently have ten years to go on our mortgage, and have a fixed rate of 2.19% until March 2023. Currently there is zero scope to overpay in the…
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Mortgage end September 2022
Hi we are now heading for the finish post for our mortgage to be paid off in September 2022 along with 2 other loans ending in August 2022 Currently we are paying back all three with The Nationwide the following £119.44 for towards the closing balance of £1065.39 (Basic Mortgage Rate Capital Repayment Mortgage repaid…
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VelvetFreak's Investing Adventures
Hello everyone :) So I've decided to start a brand new diary because I neglected my old one to the point it became haunted. Just kidding, it's just that I wanted a fresh start but I do feel like the old one is cursed with some negativity so here we are. A bit about me I'm 27 and live in Australia so you'll hear me talking…
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One down, Four to go
Just had notification from the bank that this month's payment will clear one of our mortgages. Over the last 10 years we've taken out 4 further advances in addition to the main mortgage. I've not really been bothered about overpayment of mortgage before as any spare cash was channelled into S&S ISAs but once the…
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What to do with mortgage over payment?
Hello to you all. I have been a fan Money Savings Expert and the forum for years and have had got great tips and advice. I had a very old account many many years ago but did not use it so decided to start a fresh from 2022 and start clearing debt and the biggest one is mortgages. Yes mortgages! I used to work for a bank…
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What happens when I pay off the mortgage?
I'm sure this seems a silly question. I have just £2620 left, and it will be around £1100 when the fixed rate comes to an end later this year. The Early Repayment penalties finish with the fixed rate, so I'm planning to pay it off when the fixed rate ends. What happens next? I've a vague feeling there something to do with…
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Silver-mystic optimistic
I’ve spent far too much time reading everyone’s stories and celebrating small and big victories with you all. I decided to start a diary as my own motivation tool and accountability as well. We finally got our mortgage, contracts are exchanged and completion date is this Thursday. Very exciting stuff, I am surrounded by…
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Help me find the incentive!
So, MSE has been along with me on my financial journey for some time, from Debt Free Wannabe, to saving a deposit, to buying a house.. and finally to remortgage (ditching my fix) and finally where I am now, with a £250,000 mortgage at a low (1.5%) interest rate. Ok. That's the background.. However, for the first time I'm…
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360 Months to go?
Hi all, I’m a bit of a lurker here, so thought I’d start a diary. We moved in late May, having sold our first home, and bought our “forever home”. We’ve taken a 30 year mortgage, but the goal is to pay if off in 22 years, before we’re 50, with a view to retiring early at 60 (in 2052!). Borrowed 95% on a 5 year fix. To…
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MFW by 50
Got a mortgage last year on a 5 year fixed rate. I took it out over 16 years so I will be MF by the time I am 54 but I would love to be MF by 50! I had all these big ideas to be paying extra off each month but tbh that has not happened. Over the last year I have slipped back in to some bad habits and I'm now in debt which…
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long time watcher - nearly there...
So just over 10 years I had a mortgage of around £135k. I came into a small amount of cash around £14.5k and wondered what to do with it and came across this forum. So taking the advice here I paid it off the mortgage but kept my payments the same at around £800 a month. Since then I have gradually increased my payments…
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Restriction on the property
Hello all, I am trying to re-mortgage my property to a new bank and the solicitor of the bank has noted a restriction on my property. it says: (05.01.2015)
RESTRICTION: No disposition of the registered estate by the proprietor of the
registered estate , or by the proprietor of any registered charge, not
being a charge…
