-
Mortgage free
I have been a lurker on here for years rather than a poster but as I can't tell anyone in real life I am going to shout it out where someone can hear me As of approx 30 mins ago we are mortgage free - made an online banking transfer equal to the amount outstanding this morning. My 2.79% fix ended last month and I don't…
-
Follow the Yellow Brick Road 2023
New Year and new thread for 2023. I know what I need to do and where I need to go. Looked it up on the web and Follow the Yellow Brick Road means a course of action that a person takes believing that it will lead to good things. So here I go. More to follow on my journey to be mortgage free.
-
MF Just Shy of 40??
Hi. I am currently 37 (So is my partner). Always been financially savvy and earn very good money - Occupation - (Projects Engineer/Manager - O&G Pipelines). We live in our forever home and have two children, (Daughter 9.5y & Son 2y). Lived here since March 2014, over the years paid around £15,000 in overpayments. Our…
-
Mortgage free in Forever Home :-)
Hi All, This is partly for the benefit of @Cheery_Daff who has nudged me into posting. 😊 I’m in a bit of a pickle and I need to get on top of it
before it becomes any more serious. I am inherently a spendthrift, it’s always has been my way. In
my 20’s I ended up in a lot of debt relative to my income which I…
-
Making fairy dust of the mortgage
Hi All. So 2019 is the year I can really start sorting the mortgage hence I've decided to start a diary for all the usual reasons. A bit about me, I am a single mum to a 8yr old DD, separated but looking to divorce this year as can get a no fault divorce from later on in the year and didn't fancy any mud-slinging that…
-
Buying a little piece of Middle England; Manifesting my way to mortgage free.
Hi there, today I reactivated my account with MSE. Hoping to get some motivation to pay off our mortgage a little quicker. Little bit of back story- So I had a diary in the debt free wannabe forum many years ago. I paid said debt off, saved up money to purchase a house :) and moved. Since then (2015) I have divorced, been…
-
Quest for (mortgage) freedom
I'm a long-time reader of this forum, I find other peoples MFW diaries really interesting and inspiring. Now it's time to do a MFW diary of my own and hold myself to account. OH and I bought a house in February 2019. We've spent around a year making cosmetic improvements (lick of paint, new carpets etc) as well as some…
-
MSE News: Bank of England cuts base rate to 3.75% – here's what it means for your mortgage and more
The base rate has been cut to 3.75% from 4% by the Bank of England. This rate is used by the central bank to charge other banks and lenders when they borrow money. Here's what the cut means for your money – including mortgages, savings and more. Read the full story: 'Bank of England cuts base rate to 3.75% – here's what it…
-
Beware Mickey Mouse Mortgages from Lloyds Bank
Anyone trying to overpay a mortgage from Lloyds Bank should check every mortgage payment from day one carefully. We have had a roller coaster ride, including our mortgage term unilaterally increasing by 5 years, within a 3 month period, that resulted in 13 years of mortgage under payments. This is not noticeable unless you…
-
Moved: Mortgage deal turnaround times
This discussion has been moved.
-
Facing repossession even though there are no arears?
My 66 year old neighbour is in an awkward position. His long term partner died suddenly in 2023 leaving the house to the partners estranged Daughter. He contested the Will as he had invested time and money into the property. The Court ruled 50/50 split and at the same time put in the order that neither party could take a…
-
Paying the mortage off
Luckily we are able to pay off to mortage, and I have now a date and a redemption letter to do so. Since the amount is > 100k and it's currently on multiple bank accounts, I wonder what's the best way to do it. The HSBC guy on the phone said that in theory I can also pay from different accounts, as long as it's all the…
-
Katkatmachine’s Adventures to Mortgage Freedom and Life Updates
Hi everyone, I’m a new MFW, we completed last 20th November 2020 on our new build forever home. Just to share, our 2nd (and last) mortgage extension was supposed to end 21st November but we managed to complete just in the nick of time. Hehehe. :smiley: 85% LTV 10% HTB 5% Deposit 23 year term Our goal is to pay our HTB…
-
Holey Moley!
Today I got the call to say that I have exchanged and completed on the flat I offered on in May this year. I now have a huge amount of debt, £167,000 but nothing other than that. The flat is not actually suitable to live in currently (for me) as it needs to have decoration done and the bath replaced with a shower. I know…
-
+++ Whoops! Here comes the cheese! +++
My original < < < out of cheese error > > > diary started in 2017 and records our journey to be debt free, mortgage neutral and then last year (hurrah!) mortgage free. This new diary is to record our current focus on my efforts to retire early. Lots of cooking, some gardening, many cats and the occasional Pratchett quote.…
-
Mortgage freedom/FIRE diary
After several years of reading diaries on here I have decided to write my own. I bought my forever home in January this year. I got a fixed rate mortgage at 1.99% for 5 years. I am allowed to overpay by 10% each year in this period. It was £124,499 at the start. I am a single Mum to two lovely boys aged 16 and 11. I have a…
-
Prosperous & Creative Soul Year 4
Three years ago I finalised my divorce and completed on my biggest ever mortgage - £202K and switched from interest only between 2 of us to repayment on my own. I took the term for as long as I could - so 22 years - which means I would be 73.5 by the time I was actually free. I've used my post from 3 years ago as a prompt…
-
Here we go
Hi all. So, first time poster on here. Long time follower! I got my first mortgage on my first one bed home back in 2009 aged 27, it was 86k and the initial fixed rate was 4.84. I didn't even think about the idea that one day it might be paid off! It was a 25 year term. Two years later, 2011, and now with my then fiancee,…
-
Starting Afresh Back Home
Hi Everyone. It's been over a year since I posted on the forum and a lot has changed since then so I thought I'd start a fresh new diary to go with my fresh new chapter in life. Last year my marriage broke down and I left Yorkshire and moved back to my home village in Lincolnshire. I'm currently living with my parents but…
-
Paying off mortgage early - Advice?
Hello, I previously asked this and received some good feedback. I'm now in a position to look at this. Current mortgage: £54,500 Redemption figure is £56,100 It was taken on a 5-yr fixed Oct 2023 at 4.84% So I still have a few years left. I currently have around £100,000 in the bank and zero other debts. By paying this off…
