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Experience after 5-10 years of paying off
I just got myself into a 30-year mortgage. I understand that provided that the interest rates remain low-ish,or around today's levels, the repayments will remain the same, if not go down (in case of overpaymennts). I want to ask people's experience, after paying off a mortgage for 5-10 years, where inflation has eaten into…
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The Final Countdown
Skips back in with a merry smile and a waggly wave. I have been in and out of these forums for years but I am now working part-time and have just the final mortgage on my house to go. Two buy to let flats in London (one was my home for 30 years) together with my pension mean that I am in many ways very fortunate. But I do…
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Mortgage free at 36. ✅
My mortgage story: At the age of 26 my partner and I purchased our first home together. Moving from our rented home back to my parents we saved hard for 2 years which allowed us to have a descent deposit. So with the deposit in the bank we started our journey searching for our new home. From memory I think we looked around…
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Pay of mortgage or split into bank accounts and let the inerest pay for it
Good evening i am after a little advice if somebody can help me out.I am about to get a lump some of money and i am unsure as whether to pay off my mortgage,which currently stands at around £70 000 (£490 pcm) or invest the lump into various secure bank accounts with returns of interest of 1.4%.The sum I am due to get is…
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Dad's Santander Mortgage 4-5 years left...
My dads Santander mortgage will finish after 4-5 years. His mortgage is for 15 years.
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Multiple mortgages - best method of attack?
Hi all, after years of on and off lurking I've decided to sign up! I'm not sure if this is the correct place for this thread. It's not a diary as such, but it doesn't seem to fit in the main Mortgages forum either. A bit about me - I'm a 48 year old man, single income and have an amazing seven year old daughter who lives…
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Bailiffs just turned up: Collectiva Enforcement Agency
Good morning Out of the blue, a bailiff just turned up (9am Saturday) demanding £603 (£353 for the remainder of an unpaid SP30 courtesy of Staffordshire and £250 fee for the 'Enforcement stage' visit). He said a payment had been missed a few days before on and demanded the full payment or said he could enter and take…
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Mortgage Options if any!
Hi everyone. My wife and I have been mortgage prisoners for a few years. We had a mortgage with Northern Rock which in turn changed to NRAM and has now been passed to Heliodor Mortgages. The property we purchased was a small 2 up 2 down terrace which we, as a family, eventually outgrew. We bought at exactly the wrong time…
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Mortgage Free by 55
Hi all, As the title would suggest, my aim is to be mortgage free by 55! Having read through a few diaries on here, I thought that starting my own might help me to keep focussed. Right, background info! I am 35, OH 32 and DD 2. We moved house earlier this year, with a mortgage of £269,995 (with fees). We are on a 25 year…
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Paying off remaining mortgage in one payment?
Apologies for my ignorance, but since taking out my mortgage about 17 years ago, I've not had anything to do with it except pay for it on time, every month! I have approximately £9000 left to pay for it - according to my latest end of year statement. And I'd like to to see the back of it. It is with the Principality…
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To Pay or Not To Pay
I currently have a 75K mortgage which runs out in 18 years, its on a 2.09% fixed rate for another 3 years. I have recently come into 10K and was wondering if I should pay a lump sum off the mortgage and leave myself without any savings or should pay something off this or should I save it in the bank just in case I need it.…
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Who Appoints Building Control
Doing a loft conversion and received £840 bill from a building control company appointed by my builder. Had never heard of building control before this, but now a friend has told me I should have appointed them, and I am thinking that a building control company might have split loyalties if they are appointed by the…
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Move out of London to reduce mortgage
We have a flat in London and want a house and thinking of moving out of London to reduce mortgage but still stay in south east. Anyone done this on journey to be mortgage free sooner? What areas and any bought new build house?
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Savings v Mortgage Free
Not sure this is the right place for this but I'm wondering which is the most sensible option. So in approx 3 years time there is the possibility that I will be in a position to pay off my share of our mortgage (me and my partner have a 50% interest in the mortgage). It will take a bit of belt tightening over the next few…
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Massive paper trail
My mortgage is with Santander. I wanted to do tilly tidy ups to overpay my mortgage so I phoned them for the sort code/acc no details to set it up on my online banking. She said every time i make an over payment I will get written confirmation. I asked if I could turn off that service as I dont require it, and i maybe…
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£134000 in 6 years
A new year is coming and a fresh start is needed ..After being completely rubbish at keeping up with my old diary I thought i must try again . I now owe £134,000 or at least i will do by the first of January so new calculations to be made .I must now try to find around £430 a week ,huge ask but as my mortgage is interest…
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New Mortgage
Hi guys, just a quick question, are mortgages available for 17 years+ at the age of 62. If so, what are the best rates and can I change from an endownment to repayment, without it costing thousands. Thanks
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SmlSaving's go a long way!
Hello, hello :) I need somewhere to muse on random thoughts and to keep focus on my savings and overall aim to become mortgage neutral. I currently have a loose plan to save as much as I can over the next 4.5 years to when my current fix of 1.89% ends to change to an offset mortgage. This is hand in hand with trying to…
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Ecoelle's MFW Diary
Ok. So let's hope it's doable:) As a couple we earn 1600 a month. We owe 105232 on our mortgage. We have another 24 years to pay it off. Hmm. Well here goes:)
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Bankruptcy discharge certificate for mortgage
sorry wrong thread. Not sure how to delete!
