-
Mortgage free in 3 (years)? Lets see!
ooohh this is scary! I am an old timer on the forums which helped me get out of debt way back in 2007-2009 when I first met my husband. Fast forward 18 years (woah!) and here we are in our forever home and I have finally got my husband on board to aim for mortgage freedom. A little bit of context, we have a lovely forever…
-
Thinking of paying mortgage off next month
Hi all i currently owe around 46K on my mortgage at 5.2% already paid my 10% penalty free lump sum for this year my early repayment penalty drops to 1% on the 3rd of May i have max holdings in premium bonds at 50k on average this year so far i have won £97 per month so thinking of just cashing them in next month and…
-
Minimum loan on mortgage
Just posting to see what others think and more importantly if anyone has done similar before. My husband and I are first time buyers, we intended to buy in cash, but just discovered 10 days before we were meant to complete that to use our LISA’s we needed a mortgage. The GOV website does not say any minimum value for the…
-
enforcing an order to remove my name from the mortgage
Hi I'm looking at enforcing a financial order, using the D11. I'm not able to afford a solicitor, so completing it myself. The financial order was submitted in 2017 and re-addressed in 2020, and there is a section that the Ex (Respondent) has not fulfilled, namely to remove me from the joint mortgage, by either sale or…
-
Paying mortgage or save
We have been really fortunate to have been left some money so we are looking at paying off mortgage. however my mortgage interest is lower than savings and I have 2 years left. interest 2.79%Redemption about £1400 on mortgage. i know it is sensible to save the money instead but even if we put max £ into ISA’s we will still…
-
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…
-
If you knock me down, I’m gonna get up again!
I’ve decided to start a diary, I’m not aiming to be mortgage free per se, but our life is possibly about to change unrecognisably. Our family is me, Mr Star and Baby Star (14 months). Mr Star has just been told he may be made redundant, he is the main earner in our house and brings in £3,300 a month. He works 4 days a week…
-
Opinion on being Mortgage free with 2 x btls?
Hi all, I currently have 2 buy to lets and a residential mortgage which are all up for renewal within the next 12 months, however i'm not sure what to do, so I wanted to ask what you would do in my situation. BTL Property 1, outstanding mortgage balance £235k - value £400k , currently rented at £1700 p/m ,fixed rate ends…
-
My Plans of Actions and Dreams
Hi All, I have decided to delete all my posts on this thread.
-
Best possible way to pay back mortgage?
Surely these things should be in the open Should I lower the mortgage and then set a limit to overpayment each month Or just pay a set limit each month without an overpayment ? I can see why brokers don't mention these things
-
From Flat to Farmhouse
Hello everyone, I am hoping some of you might recognise my name and no, my mission hasn’t changed, I still have lofty ambitions of upgrading from my flat to something a little more spacious. So where were we? Oh yes, paying £400 :eek: a month in interest on my mortgage! I need to start 2016 with a renewed vigour towards my…
-
The thriftyish way
Introduction In 2019, DH & I sold our tiny 3-bed semi-detached, and moved into a huge 3-story, 4-bed Edwardian home, almost doubling our mortgage. This move gave us the much-needed space for our 4 children aged 13,11,9 and 7. However, we bought at the absolute top end of our budget and took our mortgage out over 39 years.…
-
Only 5 Years left, can I cut it?
Hi All - New here, need inspiration, advice and encouragements please, as I am feeling overwhelmed with money issues. 🙇🏻♀️ Mortgage due to end in 2030. Really want to see if I can race to the end sooner and I want to find the best way forward. Have an old Offset mortgage that I have been overpaying, currently owe 45k and…
-
Advice on overpaying Nationwide mortgage - choosing overpayment option
Hi we currently have 10 years left on our 25 year mortgage. We have a mortgage with the Nationwide- currently on 5 year fixed rate (4.09%)- this fixed rate ends in 3 years. 1.Reduce mortgage term We are keen to pay this mortgage off 3/4 years early and intend to overpay as much as we can potentially up to the 10%…
-
Green Pastures for Pennies
Well. For cents actually! I am Ireland based, but it didn't have the same ring. I am a near 40s PhD student mostly working from home. I was part of this forum, gosh, in my mid 20s over ten years ago! but I have long lost access that that account. Back then I bought my first flat solo in the UK in a city and paid 10k back…
-
Living it up and saving up
*I'm not currently 'living it up'. it's cold and I'm tired. Hello fellow mortgage-free wannabes! I started a thread a few years ago where I'd aimed to be mortgage neutral by 2024. I did this and then some and managed to be mortgage free (briefly) before I was 40. I'm not currently mortgage free. My mum passed way at the…
-
Best way to use lump sum?
Hi everyone, I have recently received some inheritance and was aiming to put £50k towards the mortgage, but I'm stuck with how best to do this. Mortgage is currently £109k with interest rate of 5.04% and the current deal is up in December. Do I put the £50k on now or wait until the deal is up to avoid charges for…
-
varfor's mystical journey
Having enjoyed the diaries on here I thought it would be good to share my own progress. DW and I moved from London to the Midlands just over a year ago. I loved being in London but would have struggled to buy even the smallest flat where we lived. We have family here too which is nice. I work in IT and have been made…
-
MF to achieve our Devon Dream
Hi everyone! Starting this MF diary determined to keep up the habit. Am a longtime lurker on the Forum and read many diaries and really enjoy reading about people's lives, especially on the MFW board. I've only ever posted a couple of times, I'm more of a lurker on SM, but for some reason now I feel compelled to document…
-
Fix Up, Look Sharp
Hi Everyone! I'm venturing over to MFW after a number of years on the DFW boards :) My husband and I bought our first house a few months ago. It is the kind of house that EA's would describe as "full of potential" - which means that it needs a lot of fixing up! - but we love it and are hopeful that with a bit a lot of…
