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Re-boot
Having to start a fresh diary as unable to log into old one. So with only a couple of weeks before christmas I've attempted to look at starting to over pay on the mortgage which will be a squash and a squeeze but I need to do something in the new year. So I thought I'd restart the diary now rather than wait until the new…
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Pocket Poor
Hi everyone! Back with a bit more info on us. Me and hubbs in our early 40’s. I work part time, hubbs is full time. Our daughter also works full time. We are in our third house. We bought it for £188,500 and put a deposit down for £97,500. We love it here and doubt we will move again. We are aiming to be mortgage free…
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Job Free Wannabe
I’ve previously posted here, as a MFW, and now the mortgage is gone I need a new target. I’m now re-posting as a Job Free Wanabee. There isn’t a sub-forum for this, and this seemed to be the closest. I’m coming up to 40 in the next month, and with that, the realisation that I don’t want to spend forever at work. I need a…
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Credit score decreased
I became mortgage free last month :j but gone from 991 to 956 on experian credit score:(. I have two 0% credit cards totalling £5000 but have the money for these gaining a small amount of interest in another account. I have an Amex card for general spending which I pay off in full every month. I also had a couple of old…
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overpaying when one has multiple loan parts
Hi I wish to overpay mortgage - owe £45500 and can overpay 10%, which I have to do before the end of December. This is spilt into 4 loan parts - 4900 26100 13700 751 What I am trying to work out is, does it matter in financial terms, which of these loans to pay to? Are any better to pay to than others or is it more…
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£200,000 mortgage beast
Yes, it's a huge mortgage. Yes, I'm in the South East. I'm a single parent, self employed and I really want to tame this mortgage beast!
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Balance after Deposit Payment
Hi All, Got my mortgage approved and towards the exchange I paid all of the deposit. We save for years and years for a deposit and then it just goes away. For e.g. in my case, I felt financially very vulnerable after paying all the deposit and I am still coming into terms with seeing my account so low. But on a positive…
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Windfall and paying off mortgage
Thanks for the advice given
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To Overpay or not Overpay the mortgage..that is the question
Interested to get feedback and thoughts from you. I'm really torn, up till now in life i've always been an overpayer of my mortgage but interest rates are so low, i'm now thinking investment is the right way to go. My circumstances are: High rate tax payer, already max out my pension of 40k per year and ISA also maxed out,…
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Our road to mortgage freedom
I don't know how well I'll maintain this as a diary, but thought I'd share our story so far. We bought our home back in January 2015, as we only had one earner to make it more affordable we took the mortgage of £107,200 out over a whopping 32 years. We started a two year fixed deal during which we only made 2 x £200…
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10 Years to Freedom...
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A long journey to mortgage freedom
Hello, I've been lurking on the MFW boards for some time and thought it was about time I jumped in with my own diary to try and keep me motivated. A little bit about us - it's me, DH and 2 little ones who are nearly 4 and 1, we bought our forever home just over a year ago for £509,000 :eek: and now we need to get on with…
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Overpayment question.
Hi I am new to this forum. I have decided that I want to retire at 60, giving me 11 years to go. I am looking at paying off my mortgage to enable me to do this. However, I have a monthly overpayment of £100 and only a few pound spare at the end of the month. Asking if throwing the odd £50-£100 at the end of the month will…
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Getting Mortgage Free Again
So I have done it once before, I was mortgage free for a grand total of 3 months 😂 Our first mortgage was £82,500 originally over a 25 year term. We made regular overpayments of £50 per month from the second payment and overpaid when we could. A couple of lump sums helped along the way too and after 123 payments our…
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£142,000 over 23 years....OR NOT!!
Hello! I have been lurking around on this forum for a little while and finally taking the plunge to set up my own MFW diary! We have had our house for approx 5 years and have just remortgaged at £142,000 over 23 years. Although I know this isn't our forever home (this is our first home and we are outgrowing it a bit now),…
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Expl0rer's mortgage journey
I bought the house in 2015. The original mortgage value was £172K. Now I'm down to £143K :) The interest rate is currently just under 2%. I've made both OP's and underpayments (when I needed extra funds to complete a project); now I'm a bit over £2000 in OP's and I hope to be able to OP more or less regularly. When I make…
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Here we are again...
Hello, We are MF since april, so we began to think about retirement. DH should retire in 5 years. And... we just took out another mortgage for a rental flat. The rent will cover the payements but our aim is to pay the mortgage early to keep the rent money for us in retirement. I am 47, DH is 55, we have 4 DD and 1 DGS. DD1…
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2019 Transforming and Becoming Mortgage Free!
Happy Solstice!! :xmastree: I'm starting a new diary as today is the new start on the final part of my mortgage journey :j Sorry for the long thread title, but that's what this is for me!! Winter Solstice 2018 to Winter Solstice 2019 is my transformative year - I intend to be sitting here 365 days from today in a renovated…
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Second post, first the car then the mortgage
Hi All, Second post I thought I would give you an update, It has been a while since my first post and I wanted to share where I am at. I have until Aprill 2022 to save 1) Pay off the car and 2) mission to save £10,000 to pay off some of my mortgage they are my new plans as I had to get a new car, however I was very savvy I…
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Can definitely do better!
Seemingly like many newbies, I've been lurking for a while - finally thought I'd take the plunge and start a new diary. Mainly for motivation I suppose - hope to get and share some great ideas too! I bought a shared-ownership flat back in 2012 (hence the "new mortgageeee" name!) - I know there's much debate over their…
