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Quids in for a Limited Time
Hi. Let me introduce myself. I am an old time user and lately a frequent browser. There is me, my husband & my two kids age 17 & 15. I have £56,000 owing on my mortgage which is on a tracker rate of currently 1.14 which is really good I think. I do make the odd overpayment on it as it kinda gives me a happy feeling the…
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Dellusional MFW Diary
Hey MFW's! So I used to be DFW, lost my login's and am back years on with a shiny new name and a shiny new thread on the MFW board instead of the DFW. Been reading all your threads for a few weeks and ready to introduce myself. So my situation is a little backwards - we want to be MF but chose to buy a new house first.…
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Getting a Grip and Saving towards the mortgage
A potted history of me and mine - we are me, OH, DS (25) and DD (23) who since I last wrote has moved in with her boyfriend but I am still financially supporting as she is in her last year at university. Son is financially independent, still living at home but looking to buy his own place shortly. We have a large :eek:…
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Mortgage free or bigger house?
Hey guys, wanted to get your thoughts. I live in a mid-terrace, two bedroom property in London. Purchased the house 3 years ago and since the prices have rose significantly. The mortgage has 17 years left and I'm keen to get it completed as soon as possible as I work a high pressured job and can't wait for the day I don't…
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What is the most efficient way to pay off £110k 30yr term mortgage as quick as possible?
Hello all, I am trying to understand how to pay off mortgage quickly. Let's say for scenario you have £110k mortgage left over a 30yr term and you are making the 10% lump sum overpayments every year. How can someone pay off the £110k in a short amount of time as possible without penalties?
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Mortgage free asap
Have been lurking on this board for over a year whilst we saved and house hunted, now we have a mortgage of our own thought I would delurk. The intro may be long, I'll try not to ramble too much. So we bought our house 3 months ago, and took out a mortgage for £121,500 on a 10 year fix at 2.94%. 75% LTV when we bought due…
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taptofun
Howdy, I know this isn't at all related to mortgages and I've posted this on another forum, but I feel like this place is more my home than there... I checked my last two phone bills last night to discover some 'Third Party Charges' applied to my account by a company called taptofun. I remember receiving the text messages,…
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£195,000 mortgage
Just about to take on a huge new mortgage. Anyone in the same boat? Anyone done it before? Is it doable?
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Nram
Hi All I am sure the answer is around here somewhere but have started a new thread so I can keep a watch on it. We have a NRAM 'together mortgage' and have £120k left of the mortgage and £8k of the loan. We want to pay off the loan so we can move the mortgage elsewhere? Is this possible or will they apply the payment £8k)…
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Can overpay by £3600 a year but what counts as a year?
Apologies if this has been asked elsewhere. I can overpay by £3600 a year without penalty but what constitutes a year? Is it by tax year? Calendar year? Or literally over any twelve month period? Or perhaps it depends on the product?
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Got the dream house - now to pay it off
Hello MFWs, Ive lurked this forum for years and had a diary a long time ago under another name. So much has changed this then so a new username and diary inspired by my daughters favourite book. Theres me, darling husband, 2 crazy daughters not yet at school and a long suffering, aged cat. There might be some chickens in…
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Le cochon returns - we’re back!
So after an absence of several years we are back! We are now in a position to start to overpay again and I have DH properly on board at last. We moved into our current house in January 2011 and started making some regular repayments a couple of years ago and those are now £500 a month. We are also throwing anything…
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Mortgage free in 10 years!
Hello, We just completed last week on the purchase of our first home. We got 4 bed semi detached that need modernisation. Partner is in the construction business so we are hoping to increase value when is time to remortgage in 2 years. We are starting of 151k :D Don't know if is worth it to overpay as well for those first…
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What to do?
I’m new to the site and not sure I’m in the right place, but here goes We are in the fortunate position of being able to pay off the mortgage (£90kish) but with a 3% penalty - or pay off 10% of the outstanding amount each month, with no penalty. Interest rate is low (under 2%, fixed). What’s the best option? I’m tending…
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Finally Living the Dream
never mind
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Sorry Mortgage, you’re now under attack
On 29 March 2018 I’ll be paying off my last credit card debt that I’ve needed to get off my back for years! (I will still have one cc account, with a balance of about £1200 which defaulted years ago and so isn’t incurring interest, and the collection agency are taking an amount each month. I am inclined to just leave that…
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£161,044.25 reasons to be mortgage free
Hello everyone As the title suggests out mortgage is a staggering £161,044.25:eek:. More worrying is the fact that we are almost certainly in negative equity. I am ashamed to say that we were part of the " lets release some equity in our house and go on a great holiday, buy nice clothes..etc" club, because we " deserve…
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The time has come...!
The time has actually come for me to pay off my mortgage. My question is, and it's silly, I know but as I haven't done it before: do I just ring my mortgage company to get an up to the minute redemption figure, then can I just set up a payment myself with online banking, or should I actually go into a branch and have them…
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Overpayment conundrums
So posting here in the hope of some advice. I have read the guide regarding the overpayments tho the queries I have arent covered unfortunately Now please note no debt aside from mortgage and 6 months of net salary saved with addition OMG fund if the boiler etc. where to go. As per the guide on the site. Now I was paying a…
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Rose's mortgage-free journey!!!
Hi I have been lurking for a while and have decided to do my very own diary. The reason being we have bought a bigger house therefore a much bigger mortgage. I am quite frightened really as we are used to having a tiny mortgage. My plan is to do ebay and sell all my clutter (not that we have much as me and DH are not big…
