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House extension, savings or remortgage
Hi all, wondering if you could help. My husband and I are looking at getting an extension on our 2 bed house, turning it into a 3-bed. It will be a two-storey extension that may cost in the region of £60,000. We have that money currently invested in Vanguard index funds, but we're struggling to work out what the best…
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Dolly's Journey to Mortgage Freedom
So excited to finally be able to start my own MFW journey. I've had an offer accepted on a flat and got a mortgage offer with Nationwide yesterday. Here is my timeline; * Seen flat online 3rd February * Viewed flat 3rd February * Put in an offer 3rd February * Mortgage application submitted with Nationwide 4th February *…
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Plodding determinedly up a 300k mountain!
Hi everyone! I have another thread on here but it is seriously out of date, so I figured I will start afresh. New year, new targets and all that. OH and I completed on our first house in May 2016. We had a sizeable deposit due to my ability to save and OH's inheritance. We could have afforded a decent flat but decided to…
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MuddyBooks tackles the mountain.
Hey-up! I feel like it's time to start a diary, and get started on our dream of owning our home outright :) We live in a lovely Edwardian terrace and it truly feels like it could be a forever home for us. Our mortgage balance as of today is £108375.47. We're a family of 3, plus fluffy pup. Husband works full time, I'm part…
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Getting partner on board
Hi all, Sorry if this isn't the right place for this. I'm feeling really inspired by your diaries to try to start making some overpayments on our mortgage. Unfortunately my partner is very much more of a "spender" and struggles with delayed gratification. From her perspective the mortgage is so big that we'll basically…
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Advice please!
Hi guys, I would like some advice please. I have two mortgages one at 1.45% interest rate (repayment mortgage 25 years) and a buy to let (25 years) at 2.25% and it's interest only. I am intending to keep both properties and would like to start my mortgage free journey with one of the mortgages. I am really not sure which…
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to pay off mortgage or not
i have the opportunity to pay off my mortgage or buy a holiday home, my heart is ruling my head as i feel we need a place to escape to. my sensible head says pay off mortgage. i feel confused, i have no other debts. please help with advise Thank you
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Mortgage Proof Deposit between me and my wife :)
I'm the first buyer, I'm in this situation, it seems complicated but it is simple at the same time. I sent the lawyer proof that I have money for deposit in my saver account, the idea is that I had the money for 1 year and a few months in my wife's account, originally transferred from my saver account, the explanation is…
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Mortgage free for a bigger mortgage - diary
Hi all, I am really inspired by all of the other threads on here. We are in a decent size 3 bed semi which we paid £500k for last year. However, our area is pricey and I'm unwilling to budge on location. We have £440k outstanding. The house is currently worth £550k (we got a good deal due to desperation of the sellers to…
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Buying freehold
I have just received my annual ground rent letter - it's £17 per year. Every year I get the offer to buy the freehold - usually £1400 + legal costs, however this year they have offered it for £700 + legal costs £500. Some people I have asked say it's a big bonus to buy the freehold whilst others have said it's not worth…
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Small overpayments
Is it worth overpaying by very small amounts? I just rounded down by £16.38. I’ve got 83000 to pay and 14 years left , I’d love to pay it off early.
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No FENSA Certificate
Hi all, I’m just wondering if anybody can help me. I had my windows replaced in June 2020. I still haven’t received my FENSA certificate. I have emailed the company and they said it’s up to the fitters to sort it what should I do if I don’t receive one? Thank you
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Mortgage additional payments
Hi, I've been reading with interest your posts and it has really inspired me to get on top of my finances and really try to reduce the term and amount of the interest which will be charged. My current term is a shade under 19 years. My mortgage is in two parts as below: Part 1 balance £118511.00 interest 2.19% Part 2…
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Queston about overpayments
I'm trying to pay my mortgage off asap. I have a question which I hope you can help with. My HSBC fixed rate is up in August 21, so I can get a new fixed rate end May. I've been overpaying every month £400. Would it be better if I add that £400 to the repayments each month and do no overpayment? or continue as I am and…
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New fixed rate but not much saving
My current 5yr fixed rate mortgage will finish in 4months, so I looked around to see what deals were out there. To my surprise, my current provider, Halifax, seems to be the best available, and as it's the same company, there's no fees. But I was surprised I didn't save more during the change - going from 2.14% down to…
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What would you do? some advice needed :)
Good Evening Everyone I am after some different opinions/advice, were not sure what to do and are interested in others advice/opinions. I'm 43 hubby is 49 we are in a house worth 295k with a 103k left on mortgage. We stupidly took a 35yr mortgage and have 22 years left :( For the last 6 months we have started making…
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Motivation Needed
Hi Everyone, I have been AWOL for a long time now, so long in fact I don't know how long it has been! In fact I'd describe myself as an AWOL lurker if that's even possible. We moved to a larger house a few years ago, certainly since my last post. I have a 6 year old daughter and for the last 5 days a super cute puppy!!!! I…
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Easylife73’s looong journey to…well…hopefully an easy life!
Have been lurking for some time, and getting inspiration from other people’s diaries, especially those of Tilly, Megela and Fortune Smiles (who has inspired me to make some muffins with the rhubarb growing in our garden tonight!) So, some background information…DH and I have both had a tombola birthday this year (40:() and…
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It's a long and winding road
Hi I’ve been reading these threads for a while now and thought it might help me keep myself accountable if I have a diary here. To explain the title, I’d love to be mortgage free. I hate being in debt and though I know this is a marathon rather than a sprint it doesn’t stop me wanting it gone ASAP. That said, the current…
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Plan B to being mortgage free
After reading many of the MFW diaries over the last
few weeks I felt inspired to give it a go. Worst case scenario I don’t hit the
target I’ve set but we’re further ahead than we would have been just making the
monthly repayments, right? At the start of the year we had a
plan – clear our £104,675 mortgage (twenty six and a…
