-
Must remember to keep it up to date !
Where to start ?!Well we purched our house just over 5 years ago and completed on my birthday. Back then it was just me and the wife !We spent the first couple of years on a full renovation and it got to the point where we nearly burnt out as we both work 6 days a week so it was getting done in all our free time and we…
-
New life. Here we go.....
Right then! New year. New house. New county. New driver. New (to me) car. New log burner (ch'yeah we got it!!). New Mortgage. New life. Here we go........ Hi! Thanks for popping in. Please feel free to post here and ask questions.
-
Mortgage free but underwhelmed.
We have been following these threads in the background for years now and have taken inspiration from many along the way. We have been actively paying off our mortgage aggressively for the last 5 years and following an inheritance coming through we decided to pay it off altogether by adding some savings to what we…
-
Paying off mortgage
My dad wants to pay off the remainder of my BTL mortgage. Now he wants to transfer the money directly to my mortgage provider . What are the implications of this as he’s elderly
-
Elderbridge - Urgent help for vulnerable person please
deleted deleted deleted deleted
-
Should I pay off my Mortgage in Full now - as I am coiming to end of fixed rate.
Hi my fixed rate mortgage of 2.4% is coming to an end in about a month and a half, at that time it is due to go up to about 4.2%. When my fixed rate comes to an end there will be about £35,000 left on the mortgage. I have recently come into some cash from a will, which is a little more than the £35,000. Would i be best to…
-
Interest Only Mortgage - Want to overpay on rented out property
Hi all, I have a mortgage broker looking at some deals for me and I just wanted to ask a question to put my mind at ease before I return on money. my property is worth £200,000 and remaining mortgage is £103,000. I was originally looking at repayment mortgages and they came out at around £470 a month. The interest only…
-
The Edcawber Principle
I think I promised a new and improved positive diary earlier on in the summer :spam: I'll try my best to keep it short and sweet, (unlike my credit card statements). Cutting a long story short, after renovating the house and an accidental car purchase (hey, it could've been a house!) we are probably better candidates for…
-
Deposits for a new build
Hi can anyone help me? I have two questions I need help with. 1- I have seen a property for £280,000 and being told on the show around its £280,000 the estate agent’s have now told use they want £290,000 for the property? Is this how things happen? 2- we have also been told by our broker we need a 20% deposit if we would…
-
Why be mortgage free?
Serious question. I understand that paying mortgage payments is something we’d rather do without, but honestly, I need help understanding the appeal of paying off a mortgage entirely. It seems to take an awful lot of effort and determination to get there, lots of sacrifice, only to be in a house where a huge amount of…
-
Nearly there.. .
Hi, I'm working my way to becoming mortgage free. My fixed rate term expires at the end of the year by then I'll have approx £5k left. I'm wondering if it's worth getting a credit card to pay this final bit off rather than remortgage for another few months? I'm not sure how it works transferring £5k to my current account.…
-
What would you do with this Mortgage situation.
Hi Guys, I haven't spoke with a financial advisor yet but looking for a quick steer on what you might do in this mortgage situation. Fixed rate mortgage term coming to an end. We took 145k, 25yr mortgage. We now have 77k over 11yrs left. Property maybe now worth 165k We have a lump sum of 60k which we could put into the…
-
Mortgage-Free Wannabe Welcome and Explanation
Welcome to the new Mortgage Free Wannabe board. After watching the popularity of the Debt-Free Wannabe board which focuses on mutual support for people who want to get rid of their debts, I thought it would be fun to try the same with mortgages. It isn't about mortgages themselves, for that go to the mortgage board. Why?…
-
When I'm 64!
Hello everyone, I have gained so much inspiration from reading various diaries, that I have decided to post one of my own. In February 2012, I purchased a house of my own following the break up of my long term relationship. House was £162,500 with a mortgage of £127,000 over 20 years meaning monthly repayments are £716.48…
-
Finally Mortgage Free !
Made my final payment today for my mortgage. :) I have not been a major contributor to these forums for a few years as I have just been busy working intensely (although previously I was active in the Debt Free Wannabe forums under a different username but that was a few years ago now). Although I haven't been posting, I do…
-
Second charge
I put £200,000 into a house but was £70,000 short , my ex best friend got the £70,000 mortgage with NatWest and I put in the £200,000 in as deposit ! His mortgage is with NatWest.his solicitor told me I had to do it as a gifted deposit but under the proviso that a deed of trust would be put in place .. it wasn’t as NatWest…
-
Life is a minestrone as the song says - my new diary
Hello all, :) I had a diary on this board a few years ago when OH and I were working towards being MF which we managed in mid 2014. That diary is here; https://forums.moneysavingexpert.com/discussion/2676587/that-was-scary-now-to-tackle-the-remaining-mortgage My last post on there was about starting a new diary which…
-
My motivating money saving diary
Current situation: Mortgage - 1 bed leasehold flat c.£150,000 left to pay. Flat value c. £190k. Loan (paying back flat deposit) -10 months at £250 pm left c.£2500 in total left to pay.Credit card 0% - £5,500 Student Loan - c.£5000 left to pay. (Monthly amount of around £250 taken monthly by government from salary). Savings…
-
Our MFW Adventure!
Hi, I've had two previous diaries, but as things change and time moves on, so do our goals and aims. I set up my last diary in November 2016, and boy have things moved on since then! So, we're starting a new chapter in our MFW journey and with that comes a new diary. A little bit about us for anyone who hasn't met us…
-
Almost mortgage free - what should I be considering?
Our house is worth about £230k in NW england, after overpaying for many years with an aim to be mortgage free by 40 (for no real reason other than it seemed something achievable to aim for) we only have a relatively small amount remaining on our mortgage (just less than £20k). We are in a position now where we could pay…
