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Title Deeds-a few questions
I have paid off my mortgage and am considering taking the deeds into my possession but am worried about what happens if i lose them. the mortgage company wants over 300 pounds to give me my deeds so its a big decision for me. Ive read related posts on here and believe the real deeds are stored at land registry in paper and…
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Some advice please in paying of my mortgage early.
Hi, I would really welcome some advice in reducing and hopefully paying of my mortgage early. Below is my current situation: I am currently into my 1st year of a 5 year fixed deal (1.89%) with Tesco bank. My current mortgage balance is circa £205k. I have at least £23k worth of savings which isn't really doing anything for…
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My Mortgage Overpayment Journey
Hello, I'm a long time lurker across all the MSE forums but it's this wanna be mortgage free which really appeals to me. I find other people's stories quite motivating so I thought I would give it a go. Initial situation... I have two mortgages (original mortgage on my flat then an extension to this when we bought our…
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The long march to a Mortgage Free Future/Larger Forever Home
Hi Guys. I ve been lurking on these forums for a little while now, I've read lots of very useful advice. I was wondering what everyone's thoughts are regarding which option is best? Little bit of information on my personal circumstances: Myself and my partner are getting married in August 2018. We currently own a 3bed…
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New but not new - Year 1 of 5!
Hi! I'm a re-joining member of old.....and whilst I'm reluctant to give up my previous 10,000 post count, I also don't fancy ex husband following my every move as I go into this next exciting chapter of life! I was a DFW stalwart for years, but am pleased to announce am on the MFW journey....with vigour :D I've not been on…
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Aiming high!
A little about us firstly. We bought our very first house just under a year ago for £151000- a renovation project that people thought we were mental for wanting. Why? The house had been empty for 6 years, the bathroom was disgusting (inch thick fly poop anyone?) and the kitchen didn't exist (we put a fake temporary kitchen…
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Family member paying off my mortgage but wants a charging order
A family member has offered to pay off my mortgage (it has about 5years remaining), however he wants to place a charging order on my house. I believe that this is because should anything happen to me then my estate will repay the money back to him. Not having a mortgage to pay will save me about £700 per month so the…
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OK lets do this.....24 payments to go
Been lurking on here for a while getting lots of hints and decided now is the time to get posting to keep me motivated so I hope to get on here regularly and update and read all about your journeys. Background to posting is we recently found our dream house and really started to look at mortgages in detail with our bank…
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Where is the money coming from?
Hi, I have contacted my bank to enquire how I could pay off a slice of my mortgage, in this instance £10K. The bank gave me all the details and then asked where is the money coming from, I told them that I had received an email from a Nigerian prince who has promised me the money by Friday .................... why are they…
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Start As I Mean To Go On [Gorg's MFW]
Husband and I have only signed the mortgage documents today, and haven't even moved yet. But I've been applying advice from MSE to my finances for a few years now with great success, and as this is the biggest chunk of debt I've ever taken on, it seems sensible to cut it down as fast as possible (without causing any…
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A plan, a budget & a good life
Hello everyone, My partner and I have just sold our first house we are moving in with parents whilst we find our ‘forever home’…. Which we may just have found! It is more money than we had ideally wanted to spend, but is achievable on our salaries, and with the deposit we have, if we make a few tweaks to our lives. So, I…
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Moil at a mountainous mortgage
Hi all, So I am starting as I mean to go on. We exchanged last week and are looking to complete on the 27th. We are rather late to the mortgage party (FTB) and are starting this journey in our mid-forties. So we have a bit of a mountain to climb. Right from the get go I am looking to start off our mortgage journey with the…
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Debt agency refused settlement - advice please.
Hi there, apologies if I'm on the wrong forum. This is my first ever post so please bear with me. My husband pays off some debts (left by his ex wife but in his name) through a DMP that he has been paying off for over 10 years. We recently were gifted with a small aount of money so we are keen to pay off these debts. His…
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Overpayment Vs changing the term of morgatge
Hey folks Any advice on what would be better approach to laying of the morgatge quicker. Is it better to just over pay the allowed amount each month and save a lump sum for the end of each fixed tearm. Or can it be more beneficial to change he length of the morgatge currently 4 years into a 30 year morgatge not making over…
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Mortgage Overpayment Strategy?
Hi Guys, What with so many different thoughts an opinions over a huge number of different form posts/blog style entries, I thought I'd try to get some concise ideas for over paying the mortgage. What strategy do you use? Do you 'sweep' certain amounts of 'change' to the mortgage on a daily/weekly basis? Do you work…
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Making 2 payments in a month
Someone told us about seeing if you could make 2 direct debit mortgage payments a month, so you're only paying the same amount but paying half of it earlier. They told us that this could save a lot of interest, and I've tried to google it but have only come across US articles and I've no idea if it works the same way here.…
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MFW - All About the Future
Hi All, I've been reading this forum on and off now since my partner and I moved into a newbuild property as first time buyers on 28th October '16. I feel now is the right time to begin a diary so i can keep track of overpayments and help to keep me focused. My partner and I are both 27yrs old and we bought our house for…
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Gift to pay off mortgage
My boyfriend of 8 years has offered to give me the cash to pay off my 23.000.00 mortgage. He is happy not to make any legal agreements as in putting his name on the deeds or wanting the money back:undecided. What are the pitfalls of this?
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Planned attack: Less Than 10
Mortgage balance of £77000 10 years left. 7 years till I am 50. Eek Those are the facts Would love to be mortgage free by 50.... or sooner Current deal 4yrs left of a 5yr fixed at 2.18% Any hint, tips or cash would be greatfully received... FLC
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Income tax on sale of current home
Hi, If I have a property which is my main home and if i wish to sell it without wanting to invest in buying another property would i need to pay income tax on the amount from the the sales proceeds? Also are there any exemptions with HMRC rules that i could avail for this purpose?
