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Fully paid up
Done it. finished. 1. I decided around ten years ago. I cant be sure exactly. 2. £110,000 3. 5/01/2022 4.No matter how long it takes even if you only shave a year off your repayments. ITS TOTALLY WORTH IT. I have to admit I had help with the last few miles with a windfall from my departed dad. however he said pay it off…
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Nationwide mortgage - not applying preferences to overpayments
Not sure if anyone else has come across this with Nationwide. I have a number of mortgages with them that are all being overpaid by up to the 10% allowed each year. The problem is that Nationwide don't seem to be applying the preferences to reduce term that are set on the accounts. Each time I overpay I need to contact…
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Mortgage Conundrum
I'm toying to sell a previous martial home to pay off my flat's mortgage. The plus being every month my salary is my own but the other being I no longer have passive income or better retirement options? Open to hear peoples thoughts, for and against?
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Mortgage brokers
Hello. Is there anyone on here who can advise me if a mortgage is possible? I have 2 defaults from telecommunications one has been settled and the other is unsettled and due to fall off my credit report April 22 and the other Dec 22. I have a settled water bill from 2019 which was paid within the month. Is it possible?…
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Is there much point?
We have a 25 year mortgage, already taken off a fair amount - we've paid about £600 a month (well, it's currently £565). We've remortgaged twice, the amount paid was £625 a month, then down to £598 over the remortgaging. We don't have a huge amount of disposable income. I could potentially save around £300 a month but that…
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sarahevie's single quest to mortgage freedom
I had a diary a while ago but I let it slip, my circumstances have changed massively in the last six months, so I am back aiming for one thing mortgage freedom. So about me, single mummy of three beautiful girls. Full time primary school teacher, I also have a Saturday job at a well known supermarket. About six months ago…
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Pay off mortgage and start having fun!
I have been reading other peoples posts for a while,trying to get myself in the right frame of mind to start overpaying on the mortage.DH and I have a house worth about £220,000 with a mortgage of £159,000 although we only paid £120,000 for it (£93,000 mortgage) to start. So as you can see we have been not so great in the…
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Feeding Alison's Pig
Hi Everyone. Been trying to pluck up the courage to do a MFW diary for the past couple of years. Like many of you Covid has played havoc with the finances through most of 2020 and this (as well as a few other things) has given me the impetus to get going. Not a lot to start with other than some basics (I will provide more…
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Help with Mortgage and debt.
Happy new year all, I wandered if anyone could help me here as we're really stick with what to do. Myself and my wife bought a new build apartment 3 years ago. We had one child at the time. (We have since had a second. The flat is big and at present we have plenty of room. However, over the next couple of years we would…
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overpaying on my mortgage - reduce term or reduce monthly payments
Hi All, Bit of background first I'm a first time buyer and just completed on my first property. I have a fixed 5 year mortgage borrowing £100,000 with Nationwide with a term of 25 years and I'm able to make overpayments each year up to 10% of the original borrowed amount. after checking all my finances I can safely make a…
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Pay Mortgage up and put money in Pension ?
Hi, I have just been left some money from my late mother and as I am hoping to retire in 2 years . Question I am asking is Should I clear my Mortgage of £25,000 off at the end of my deal in April 2022 saving me £400 a month and pay the £400 into my Post Office Pension for the 2 years , or wouldn't it be worth it with only…
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Mortgage calculators?
I've been doing an end of year financial review and hubby has asked me where our balance will be in 3 years time when we come to re-mortgage - we're hoping our debt to asset ratio won't be quite as weak .... 😉 I need a mortgage calculator for the next 3 years that I can use from today's balance (its too complicated to do…
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Barny's Mortgage-busting thread!
Right, on Friday I complete on a property, the mortgage will be £180,900.00 for 25 years. I am 40 in July and aiming to be Mortgage Free by 55.
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Keep calm and carry on....
Good afternoon all I have lurked for years and love reading all of your stories, but keep finding myself getting grumpy when you're not updating your diaries at the same time as I am available to read them (I tend to do a mega catch-up in bed on a Saturday morning, then you're all off being busy in real life); so thought…
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1 brick at a time
As its a new decade I thought I would start a new diary. I have been on the forum for years but never created a diary or made a single overpayment (which I massively regret!!! :mad:) until July last year before a remortgage which really helped me focus. I remortgaged for 160, 242 in August to a 10 year fixed rate of 2.64%…
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Cheery's country living adventure
Hello lovely people :hello: I'm Cheery, been around these parts a long time now and had several DFW diaries over the years, most recently here. We are two - Mr Cheery and I. We've been together over 12 years now, and last week we moved from the middle of the city to the middle of nowhere. We were snowed in within 24 hours…
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Getting a Mortgage 🏡 in my name and saving to pay it off early 💰
Hello, I’ve been off these boards for over a year. Time to get back on it. To give you some background to my current situation. It’s going to be a long post! 2013 my ex and I bought a house together. March 2019 my ex and I separated and was divorced in Jan 2020. I wanted to keep the house and it was agreed in the divorce…
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Peering over the hill...
Hello, I’ve been wanting to start a diary for a while now, but it’s never as easy as it seems is it? I suppose I’d better start in the usual place – a bit about me, a why and take it from there. I’m in my early fifties married to a lovely wife, own just over half the house and am starting to peer over the hill to…
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Mortgage Free by 2026 - I hope!
Having been blissfully debt-free all my life, I'm about to take on a mortgage at the grand old age of 34 - and I want to be rid of if as soon as possible. So welcome to my challenge! My long term goal is to pay off the mortgage entirely by January 6th, 2026. Ten years seems far longer than necessary, but I know that there…
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From apartment living to buying my forever home
I've been pondering starting a diary either here or in Deft Free Wannabe for a few months but I don't really quite fit into either circumstance atm. I'm actually starting this journey to home ownership from the position of being Mortgage Free on my flat thanks to a very generous inheritance. And, as a result of that…
