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BookWorm's MFW Chapter
:wave: I’ve been lurking around these parts for a good while now with occasional posts here and there. However, after reaching what I consider to be a milestone with my mortgage (will come back to that shortly), I felt the time was right to start my own diary. I figured if I don’t now, I may never do so! It was after…
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Follow the Yellow Brick Road 2023
New Year and new thread for 2023. I know what I need to do and where I need to go. Looked it up on the web and Follow the Yellow Brick Road means a course of action that a person takes believing that it will lead to good things. So here I go. More to follow on my journey to be mortgage free.
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MF Just Shy of 40??
Hi. I am currently 37 (So is my partner). Always been financially savvy and earn very good money - Occupation - (Projects Engineer/Manager - O&G Pipelines). We live in our forever home and have two children, (Daughter 9.5y & Son 2y). Lived here since March 2014, over the years paid around £15,000 in overpayments. Our…
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Mortgage free in Forever Home :-)
Hi All, This is partly for the benefit of @Cheery_Daff who has nudged me into posting. 😊 I’m in a bit of a pickle and I need to get on top of it
before it becomes any more serious. I am inherently a spendthrift, it’s always has been my way. In
my 20’s I ended up in a lot of debt relative to my income which I…
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Making fairy dust of the mortgage
Hi All. So 2019 is the year I can really start sorting the mortgage hence I've decided to start a diary for all the usual reasons. A bit about me, I am a single mum to a 8yr old DD, separated but looking to divorce this year as can get a no fault divorce from later on in the year and didn't fancy any mud-slinging that…
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The Long and Winding Road
This seems like an appropriate thread title given the very long path we have to walk to get even close to mortgage free, but we're certainly thinking about it and have been taking note of small milestones already. Hopefully this thread will see our walk turn into a canter. Except with one significant and self inflicted…
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Rolling Down the Green Hill Towards REtirement 😊🌄💚💜
Happy New Year!!! As our MFW journey finished back in July 2015(wow!) on our family home and Apr 202 on our BTL (because we sold it! :D ) I thought it was time for a new diary (seeing as some others are doing it, I thought I'd also jump on the bandwagon 😉 🚙) and the new year seems a good time to start. Back when I started…
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Buying a little piece of Middle England; Manifesting my way to mortgage free.
Hi there, today I reactivated my account with MSE. Hoping to get some motivation to pay off our mortgage a little quicker. Little bit of back story- So I had a diary in the debt free wannabe forum many years ago. I paid said debt off, saved up money to purchase a house :) and moved. Since then (2015) I have divorced, been…
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Quest for (mortgage) freedom
I'm a long-time reader of this forum, I find other peoples MFW diaries really interesting and inspiring. Now it's time to do a MFW diary of my own and hold myself to account. OH and I bought a house in February 2019. We've spent around a year making cosmetic improvements (lick of paint, new carpets etc) as well as some…
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MSE News: Bank of England cuts base rate to 3.75% – here's what it means for your mortgage and more
The base rate has been cut to 3.75% from 4% by the Bank of England. This rate is used by the central bank to charge other banks and lenders when they borrow money. Here's what the cut means for your money – including mortgages, savings and more. Read the full story: 'Bank of England cuts base rate to 3.75% – here's what it…
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Future Proofing my life: Deposit saving then MFW journey in under 13 years
I have been reading lots of these MFW diaries over the last few weeks, some 300 odd pages long and tracking a decade or more of life. They have been fascinating, very inspirational and given me some great ideas. I am looking to buy within the next year, and then get MFW and o/p as soon as I can. My savings rate, income…
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Beware Mickey Mouse Mortgages from Lloyds Bank
Anyone trying to overpay a mortgage from Lloyds Bank should check every mortgage payment from day one carefully. We have had a roller coaster ride, including our mortgage term unilaterally increasing by 5 years, within a 3 month period, that resulted in 13 years of mortgage under payments. This is not noticeable unless you…
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Moved: Mortgage deal turnaround times
This discussion has been moved.
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Alchemausterity II
Traditionally I would post in purple, but times change and on my mobile. I was torn between DFW and MFW but I feel like this is my spiritual home! I haven't been around for years and in that time we've moved to a smallholding. DD1 now at uni, DD2 doing GCSEs and DS1 starting secondary in September. We have a whacking 270k…
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Facing repossession even though there are no arears?
My 66 year old neighbour is in an awkward position. His long term partner died suddenly in 2023 leaving the house to the partners estranged Daughter. He contested the Will as he had invested time and money into the property. The Court ruled 50/50 split and at the same time put in the order that neither party could take a…
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Paying the mortage off
Luckily we are able to pay off to mortage, and I have now a date and a redemption letter to do so. Since the amount is > 100k and it's currently on multiple bank accounts, I wonder what's the best way to do it. The HSBC guy on the phone said that in theory I can also pay from different accounts, as long as it's all the…
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Katkatmachine’s Adventures to Mortgage Freedom and Life Updates
Hi everyone, I’m a new MFW, we completed last 20th November 2020 on our new build forever home. Just to share, our 2nd (and last) mortgage extension was supposed to end 21st November but we managed to complete just in the nick of time. Hehehe. :smiley: 85% LTV 10% HTB 5% Deposit 23 year term Our goal is to pay our HTB…
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Holey Moley!
Today I got the call to say that I have exchanged and completed on the flat I offered on in May this year. I now have a huge amount of debt, £167,000 but nothing other than that. The flat is not actually suitable to live in currently (for me) as it needs to have decoration done and the bath replaced with a shower. I know…
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+++ Whoops! Here comes the cheese! +++
My original < < < out of cheese error > > > diary started in 2017 and records our journey to be debt free, mortgage neutral and then last year (hurrah!) mortgage free. This new diary is to record our current focus on my efforts to retire early. Lots of cooking, some gardening, many cats and the occasional Pratchett quote.…
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Alternative living to escape the rat race....
Has anyone here managed to escape the rat race and semi‑retire before 35? I’ve been part of this forum for around 15 years, and it’s been an incredible resource for navigating all things money. But until about six months ago, I was like most people—caught up in the rat race. Constant bills, rising mortgage payments,…
