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That 25 year interest-only mortgage...
It's not seeming such a good idea over 21 years on! 21 years ago DH and I moved in together and rented out my old flat. Two kids later, one now a teenager, and DH retiring, we realise we forgot to pay it off .. and we'll have much less of a choice if we remortgage while he's retired. So we have a bit more than 3 years to…
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Mortgage overpayment
Hi all, I’m sure this has been asked many times, but I’ve searched the forum and can’t find anything. For about 10 months or so we’ve been overpaying on our mortgage to the tune of about double. I noticed the overpayment detail on my account recently and we’ve only been reducing the balance and keeping the term, as opposed…
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Download title deeds after update, is it immediate or do I have to wait?
Hi, Two days ago I repayed the mortgage and now I've received the alert of activity from the Land Registry. If I download the title today will it contain the removal of the charge or do I have to wait a few more days? The alert reads "activity", not "update".
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SLLM (Single Lady Large Mortgage)
Hello all SLLM - single ladies with large mortgages or single ladies who have previously had large mortgages or single laddies in the process of getting a large mortgage! So if you are a lady and own your own house then yes this is for you. Yes I could not resist it any longer. Ladies large mortgage is a loose term so if…
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Settlement before or after the last installment?
Hi, I'll close the mortgage on the 24th of June with a final overpayment. I have the feeling that the settlement preview that I'm seeing isn't taking the last installment into account. Is it better to ask it after the last installment? Thanks
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Interest and extending term of mortgage
Please can somebody help with a something I am struggling to
get my head around?! I am due to remortgage at the beginning of 2026. I'm currently
considering a 2 year fix. My current mortgage has a low rate of 1.33% and has a term of 13
years left to run (and I have about £190,000 left to pay). I have also been saving funds…
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Courgette's Go Big or Go Home Diary
Hello my friends! Soooooooooo, there I was last week just chatting to my sister and she mentioned that her and her husband are currently paying £1400 a month on their mortgage. "It's totally awful" she said, "It's more than I even earn at the moment", "this is why I'm selling stuff on Vinted for £1 rather than giving it to…
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Daring to Dream: Mortgage Free by 63
Hello and welcome to my new thread. I'm graduating myself from the Debt Free Diaries board, where I have been on and off since 2017. I am about to embark on the next stage in my building wealth journey - becoming mortgage free! I successfully paid off all my debt back in 2019 and, having taken a hiatus from MSE, returned a…
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Life in our forever family home and the mortgage that came with it
So having changed a number of aspects in my life over the last 12 months, as well as gaining some new perspective on account of being happier; i decided it was time to start a new diary. I contemplated using my old diary until the new year but already so many things are different now that i chose to just do it now instead…
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Singleton, low income - How to be MFW?
My outstanding mortgage is £11,500 and my mortgage deal is base rate plus .5% I pay £200 a month which is manageable while I’m in work. If things continue as they are my mortgage will be paid a year or so before I retire. I live alone and work for a health charity four days a week, which means my income is relatively low.…
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Overpayment question
Back in a position where I can over pay my mortgage... my question is - does anyone make an overpayment with a different account to what there mortgage comes out from? I want to overpay using my sole account, mortgage payments come out from the joint account. Thanks in advance! 😀
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Kimplus8 needs her mortgage free date!
New thread to begin my mortgage free journey. I started my mse journey almost a decade ago on the debt free board feeling like I had a mountain to climb. Here I am debt free except for a mortgage, determined more than ever to have a mortgage free home for me and the kiddos. I can wait to buckle up for the ride x
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A Dream Worth Dreaming?
Long time lurker, first time poster …. Hopping on because I come here for inspiration regularly …. so my story and plan I will share because I’m starting to flag and lose motivation … insights and opinions appreciated 😊 bought a London flat for £355k in 2017… £60k deposit, £153k mortgage and £142k help to buy loan 2020…
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MFW to MF Future Me.............
Hey all, Dolly here with some goals to tick off one by one! I really need to get a lot better with my finances. I'm 40 now so time to grow up and get a grip!
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Anyone taken out a large mortgage (over 300k) at 50?
Hi all We decided to move to our dream house this year. Our mortgage has gone from £800 to £2100 per month. Is there anyone else who’s done this sort of thing at aged 50? I think everyone thought we were nuts and they were probably right! But I don’t regret it.
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Should I pay my mortgage off?
Hello, My mortgage Is coming up for renewal in November and it currently stands at £32,000. I have been on a fixed rate for five years at 1.8% and I’m terrified about the monthly payments jumping up when I renew. Having done a budget plan this week in preparation to meet my mortgage advisor, I was shocked to find my…
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Paying off within the 10% limit
Hi We have a mortgage with Nationwide, 10 yr fix at 2.09% with 6.5 years to go, current balance is ~£27k and the original loan was £100k so checked with Nationwide and an overpayment of £10k is ok without invoking early repayment fees. So it’s possible to clear the mortgage in 3 years rather than the remaining 6.5, which…
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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,…
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Paying off my mortgage early where do I even start?
Hi all, Been reading a lot on here and finally thought I’d post. I’m starting to look into overpaying on my mortgage but not really sure what’s the best way to go about it. There’s loads of calculators out there, but I one and was messing about with the numbers its called checkawage.co.uk It’s mad even just overpaying £100…
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Two years and then downsize... DONE!
Hello - I wanna be mortgage free! I have a mortgage in the high £40k's which has 14 years left to run and fixed at 3.04% until end Jan 2024. I'm divorced and have a grown up son living at home and job hunting, plus a teenager. September 2019 I got a temporary promotion at work and made the decision that all the pay rise…
