-
New Mortgage, New Marriage, New Allotment - Oh My!
Hi Everyone, I thought it was time for a fresh diary considering how much has changed since I started the last one. I bought my first home back in October 2016 and with the help of MSE was able to pay off around 88k of my mortgage over the 5 year term. Sadly my OH was diagnosed with colon/liver cancer early on in the…
-
Final Payment - Natwest
Hi, on the 2nd of Jan I went into Santander and did a transfer for 70k to Natwest which was the final amount due. The payment went through fine. Come a few days later the 70k hasn't been allocated to my mortgage account and I'm getting nervous. I have rang Natwest twice, once the person on the end of the phone said he…
-
So now what?
We cleared debt of £ 64,346.53. We cleared a mortgage of £118k. So now what? We need to get saving and making the most of our money. Half of us is retired. The other isn’t working but may well have to (and possibly wants to) return to work in two years time. I find posting here keeps me super focussed so I am going to be…
-
Clear credit card or overpay mortgage?
Hi all Im in need of some help with a dilemma and would appreciate any advice on my quest to pay off the mortgage within the next 10 yrs. Credit card balance £5500. Paying £250pcm and it’s 0% interest until 2027. Mortgage left of £105,000. Current fixed 2.60% runs out 2027 and we then hope to agree a 9yr deal which would…
-
Overpaying mortgage not reducing interest
HSBC say they calculate their mortgage interest daily. I overpay my mortgage by 1k every month (annually less then 10% of capital borrowed so no fee). Despite reducing the capital owed every month my interest doesnt reduce in the long run it seems to go up or down by about ten pounds overall stays the same. Am I missing…
-
New life, same goal! Pursey’s quest to be mortgage free.
I started a diary back in 2011 with the aim of being mortgage free within 10 years; a goal I would’ve smashed (within 7), if we hadn’t bought our dream house in the hills. Life has changed so much since 2011, most significantly because we are now blessed with 3 wonderful children. Then we found somewhere perfect to live,…
-
New year, new goal
Starting a new diary as I didn’t update the old one for a while and it was closed. We had a pretty large mortgage of 395k taken out 7 years ago and I set myself the goal to be mortgage free by 50! My old thread had that title. Anyways to recap - we’ve been diligently chipping away at that and I’m pleased to say that today…
-
10 years to clear £334K - our FIRE journey
We bought our house late 2014 and have been (very) gradually doing it up. So far we have replaced the roof, oil tank and boiler and completely refurbished the study, living room and one bedroom. We have three bedrooms, bathroom, kitchen and utility still to go. We recently re-mortgaged and have released some equity to do…
-
Frugally paying the mortgage down
Hello! I’ve decided to start my own thread here to keep myself accountable re: trying to reduce our mortgage. I read somebody’s daily interest calcs on their diary recently (sorry I can’t remember who!) and ours is at £15.03 a day - I can’t stand the thought of all that interest going towards the funding of arms and…
-
Tm's MFW ramblings
Hello :) I've been overpaying but with no real consistency or effort put in to it, for a while now. After getting locoblade's spreadsheet I realised how much I could be saving, so I want to give this my attention. Ideally, I'd like to be MF twice by 42. I'm 29 this year (OH is 38 this year). I did once upon a time dream of…
-
Free by 60?
Not been around for a looooong time! I was a DFW a number of years ago and pleased to say I am debt free now apart from my mortgage! I would love to pay off as much as possible over the next 3.5 years so that at 60 I can take my NHS pension and pay what is left and semi retire. My mortgage currently stands at 144k on a…
-
Mortgage free
I have been a lurker on here for years rather than a poster but as I can't tell anyone in real life I am going to shout it out where someone can hear me As of approx 30 mins ago we are mortgage free - made an online banking transfer equal to the amount outstanding this morning. My 2.79% fix ended last month and I don't…
-
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…
-
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.
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
