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Night feed dreaming
Hi all A little background as to what’s brought me here: I’m 28, married and currently on maternity leave with my 12 week old (tomorrow) little boy (H). I’m breastfeeding so have had many long nightfeeds and found myself trawling through the MSE website and forums. I am a lover of numbers and moving money around (my…
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NatWest overpayments
Hello I was wondering if anyone knows how much I can overpay in a single lump on a NatWest mortgage before they reduce your monthly repayment? I have a feeling it's £1000 . :) Cheers
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Liquidate ISA to pay remaining mortgage debt or invest? 🤔🤑
Hi! It's the first post on the forum for me ... 😀 I'm looking for a little advice from savvier folk than myself ... ! I'm 33 years old and am in a position to be able to pay what's left of my mortgage balance with cash when my 5-year fix (2.89%, £100k loan on £150k property) ends this April. I've overpaid thus far (without…
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Small additional advance/Remortgaging with same provider but no pay slips
Hi Last year i remortgaged with the same provider at the end of my 2 year special rate. All was good and i didnt have to show any paperwork. I am now after a small additional advance of £8500 to buy out the freehold on my property. I went into the bank and they have said its processed as a new application, which is fine,…
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Let's get rid of this mortgage!
Hello all, I’m Kt & I’m very excited to have found this forum- I feel I've found my people! After reading for a few weeks, I thought I’d share my journey so far and my goals to become MF as soon as I can! (I’m shooting for my 40th birthday- it will be tight!) Quick summary: I’m 29 years old and live in Brum with my OH and…
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interest v repayment pay off
£116,000 interest only and monthly £482 £20,000 repayment monthly £215 (129.00 is the capital) £15,000 repayment monthly £155 (93 is the capital) all have about 10 years left...also thinking of down sizing in about 5/7 years the interest only part was always going to be paid off when the house was sold. we are about to get…
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borrowing money from mortgage
hi everyone i have been paying off my mortgage for 11 years and have 14 years left. Its recently been changed to a btl mortgage as I'm currently got a job abroad for a couple years. I was wondering if I am able to borrow money from my mortgage? for example if I wanted to borrow 20-40k and then the monthly mortgage go up…
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Mortgage fee
Hi all, After years of being on an interest only mortgage we have been left an inheritance by a relative that will clear our mortgage. my question is, will we need a solicitor to get involved with paying it off as I don't trust the mortgage company to just pay them the lump sum. thanks craig
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2019 Mortgage-Free Wannabes
Welcome to the Mortgage Free Wannabe 2019 thread! :j First of all, huge thanks to hiddenshadow for setting up and running the last few challenges, and also for pawlala for updating the spreadsheet last year. Without you, I doubt we would have been able to overpay anywhere near as much as we did. Because I don't think it…
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Chapter 3: the large London mortgage
Hello! I've had a few diaries before, never had too much by way of debt - but now myself and partner have a giant London-sized mortgage of £499,000. :o We're first time buyers and it's much bigger than anyone else's mortgage I've read on here — frightening. But the truth is, we're double-income, no kids, earning decent…
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Rachel’s Run towards mortgage freedom
Hello Everyone, Ive been a long time lurker, taking lots of inspiration and motivation from others but I thought a diary to add my story, and help me keep on track with my goals. So I'm glad to join you fellow MFWs! :j 2018 was, financially, a bit of a transformative year, especially in relation to my house. I remortgaged,…
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Mortgage and Separation
My husband has recently left me and i just want to make sure I'm doing the best thing with my mortgage. We are in a fixed term until next year. Normally I make over payments of £200 a month, however, I'm going to need to increase my borrowing to take on the mortgage in my name only. I think I'm correct in that I should…
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I really really want to be........mortgage free!
Just starting an official diary of the countdown to getting mortgage free. It will, I warn be a very long countdown! Currently standing at 140k and hoping to be mortgage free by 31.12.2020. That might be a little optimistic I know but that's what I'm hoping for. You might say, that's okay, pull your belt in but I've got a…
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Switching with a small mortgage
Hi, I’ve just been passed over the heliodor mortgages from Northern Rock. We’ve never switched mortgage before and have been on the standard rate for far too long. I realise I should have done something about this long ago. We’ve been overpaying for a few years and have about 48 months left at this point. The end is on…
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Second Time Lucky
Hi, Having got very close to becoming mortgage-free (about £8000 remaining) on our first house, we will soon be moving into the house that we intend to live in for a very long time, which means taking on another mortgage. I have really enjoyed reading everyone's diaries over the past few years and think it will be…
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I need either alot of time or alot of money
Ok, 50 today. Haven't been here for sometime, maybe 2015'ish. Used to be ex armydreamer and then changed to my lovely carrot and love my little icon so much, I'm sticking with it. Well we moved house in 2015 and with best of intent planned on lavish overpayments and improving expert squirrelling techniques but fell into…
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Mortgage freedom
We bought a house 3 months back. It has been a dream for so long that it took a while to sink in. But now that it has, we want to make progress towards being mortgage free. I will try to be regular in documenting my journey here. Our mortgage amount was £132600 (85% LTV at 2%) and we added a product fee of £995 to the…
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Mortgage free wannabe here!
Can I please join your mortgage free wannabes? I will be making an overpayment of £100 p/m from a 28 year mortgage which stands at £118,342.54. I'm 41 this month and I'm trying to clear it before I retire, rather than Apr aching my 70's with it still hanging over me.
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Is it ever worth taking the hit on the ERC?
Morning all. Hoping for a bit of insight/inspiration! We bought our home 3 years ago and at the time opted for a 5 year fixed rate at 2.59% which runs to the 31st December 2021. I've been OP the maximum allowed on our mortgage since we bought our new home almost 3 years ago of £999 a month whilst simultaneous saving money…
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Milennial - first home not permanent home
Seeking advice on whether to channel majority of my savings on overpaying my mortgage. I bought my first house last year at 27. Mortgaged at 2.21% interest on £80,000. I have saved an emergency fund (1.40% interest) and currently overpay a small amount of £50 to the mortgage which shortens the term by about 2 years. I save…
