-
Paying mortgage off (Northern Ireland)
Hi interested in anyone who has paid their mortgage off (particularly from N.Ireland). I'm being told to contact a solicitor to have them remove the lenders charge over the property (Discharge of Security). I take it this is just another money grabbing exercise How much will this cost thanks
-
Mortgage free in 10 years - success
Hi Long time lurker here but just wanted to share the news that after nearly 10 years in our forever home, we have just become mortgage free! Things were hard financially for a long time, and when things started to ease, I proposed saving the extra and paying off our mortgage. Our 1.7% fixed rate came to an end recently,…
-
Impossible challenge
Hello! Trying to keep motivation so decided to stop lurking in the shadows and start my own thread. Family of 4 (2 adults and 2 children) with a very large mortgage of now £470k over with just over 23 years left. 1.5 years into a 5 year fix (thankfully a cheap one). OH and I are fortunate to have well paying jobs but…
-
Just at the start but already planning to be MF ASAP
Apologies in advance for the ramble…. So, it's been well over a decade since I was on here. Back then, I had some debt, and sound advice on here helped me pay it off. Now I'm onto the big guns as a First Time Buyer, and MSE and TikTok have been helpful yet again. I've had an offer accepted on a house, spoken with a…
-
Hope is not an Effective Financial Strategy
Hi all - Thanks for popping in and helping me to stay motivated. This is the 6th version of the opening post (Jan 2020 - 58 months into this diary/challenge), but is reflective of where we are currently at. Lots has changed since starting this MF journey, not least adding a 3rd child to our household! Initially this was to…
-
At a crossroads
Hi all. Ive been an avid reader and sometimes contributer to the debt free wannabe pages for some time although not so much in the past year. Ive got to the point in life where excluding the mortgage, ive managed to pay off all debt. No loans, credit cards, student debt, hire purchase. Nothing. Its all gone and i must say…
-
Mortgage Free by 53!!
#Saved for totals.#
-
Mortgage overpayments
I am coming to the end of cheap 5 year deal, obviously interest rate will be going up, probably quite significantly. We have saved £50k in this first 5 years - should I pay that to the mortgage as an overpayment to keep future payments down when higher interest rates kicks in, or pay the higher payments in future but don't…
-
Reposession - negative equity
Myself and my ex partner had a house together, he refused to sell at the time despite me requesting this several times, and instead rented it out to various people that refused to pay. It got to the point were we owed thousands and got taken to court and did a voluntary repossession, and have ended up owing £35,000. I have…
-
Paying off a mortgage with inheritance
Hi. I hope this makes sense! I'm due some inheritance which I'm going to use to pay off the mortgage (this is not the bit up for debate, it's going had enough). My question is - should I pay it off just as my current deal ends? Does this stop early repayment fees etc? Thank you.
-
Mortgage Free in 5 - 10 years
Thought I would start this diary to document the process. Previously had a debt free wannabe diary and that helped keep me on track thanks to all the feedback. Debt free since April. Currently have the following state of affairs: Mortgage Balance £136,858 at 1.22% for next 5 years Emergency fund for 5 months bills £1655…
-
First ever mortgage and start of my MFW Journey May 2024
So as of yesterday by Mortgage Lender had transferred the mortgage money to my solicitors plunging me in to the most amount of debt i've ever been in, in my life. I am very much looking at this as 'good' debt as opposed to 'bad' debt. I am starting a journey on here to try to make myself accountable for becoming mortgage…
-
Using credit card to pay off mortgage?
I'm coming to the end of my fixed term deal and only have 15 months left on my mortgage, Unfortunately I have to move onto the standard variable @ 7.99% so I was wondering if it would be possible and cheaper to pay the balance of my mortgage on a credit card then do a balance transfer onto another card with a 3% fee?…
-
Pension or Not ?
I am 67 with a Pension and a 22,000 mortgage. My Question is should I pay the Mortgage off using my penison and save my self £600 that I pay every month towards what left of my Mortgage ?
-
Cheer Leaders needed on the final stretch
Hi As a regular reader of these threads I need some encouragement of my own. Whether thats keeping track of myself and proving to myself Im doing all I can or others helping me along Single lady on an interest only mortgage coming to an end, the mortgage not me!!!. Don't judge Ive been through difficult times and only…
-
6 years of saving so I could take out 35 years of debt.
Started a thread a long way back while I was saving a mortgage deposit with the gf. lost track of keeping it updated so have decided to start a new one now we’ve finally done it! after moving back to my mums for “6months” i finally moved out 6 years later. Oops. so…. We completed in October and are now settled in and…
-
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…
