uzubairu's Mortgage Free Journey

setmefree2

Floxxie wrote: »

OMG! :eek:

that is seriously impressive eBaying. Hope you have popped onto the 'other' thread to tell us all about it and motivate us into doing a bit more ourselves?? :rotfl:

I have no idea where you find the time to eBay and work overtime. Well done!

Floxxie

well done :T

uzubairu

The purchaser of the lens has been round and paid for it.
He was very helpful and he gave me some good hints on using Photoshop and tips on a compact replacement.

I took £560 of him by way of a thank you (plus I'd rather he have the £10 than Paypal).

evab_2

Great going, well done on your sales and overpayments

uzubairu

This week, I've tried 4 bingo websites via cashback sites, and I have made a profit of £110 (already withdrawn) + £55 of validated cashbacks). :T

I'm going to try a few more this weekend.

uzubairu

Thanks to Financialbliss, I am going to use his idea for reporting my monthly mortgage statistics.

Overpayment in blue, Interest in red and Balance in green.
We reduced the term this month, so that we could increase the standard payment.

Year starting balance = £97,343.47
Overpayment Reserve = £8,914.07

February Stats:-

Month / Payment / Overpay / Interest (per day) / Net reduction / Balance.
January / 765.79 / 665.29 / 392.56 (12.66) / 1,038.52 / 96,304.95
February / 891.31 / 740.00 / 349.22 (12.47) / 1,282.09 / 95,022.86


Year To Date Totals
Payment / Overpay / Interest / Net Reduction / OP Reserve
1657.10 / 1405.29 / 741.78 / 2320.61 / 10,319.36

uzubairu

Allied Carpets have finally agreed to supply and refit the stairway and landing carpet, after a year of me complaining (about the shoddy and dangerous workmanship) and them sending every type of 2nd rate fitter they have on their books (11 visits in total). :j

Their best fitter is going to do the work (so finger crossed).

We've also decided to have new carpet fitted in the 3 first floor rooms (2 double and 1 box).
The discount that Allied have offered us is sizeable, but the carpets we want are seriously overpriced, as I've discovered by my internet research this morning.

It would be cheaper to buy online and pay the fitter directly by approximately £250 :eek: , which is what I'm going to do.
It should cost about £525 in total.

Carpet is being paid for from my eBay sales pot.

And before anyone asks, we are not considering waiting until we're mortgage free before we change the carpet.
We would get more pleasure from the rooms being re-carpetted now than paying the mortgage off a couple of months earlier than planned (July 2016).

setmefree2

uzubairu wrote: »

Thanks to Financialbliss, I am going to use his idea for reporting my monthly mortgage statistics.

Overpayment in blue, Interest in red and Balance in green.
We reduced the term this month, so that we could increase the standard payment.

Year starting balance = £97,343.47
Overpayment Reserve = £8,914.07

February Stats:-

Month / Payment / Overpay / Interest (per day) / Net reduction / Balance.
January / 765.79 / 665.29 / 392.56 (12.66) / 1,038.52 / 96,304.95
February / 891.31 / 740.00 / 349.22 (12.47) / 1,282.09 / 95,022.86


Year To Date Totals
Payment / Overpay / Interest / Net Reduction / OP Reserve
1657.10 / 1405.29 / 741.78 / 2320.61 / 10,319.36

yeah I like that


Good news about the carpets

uzubairu

I've been asked to work this evening and luckily I have nothing planned (OH is tied up with office move all weekend).

I'm just going to list a few things on eBay and take my netbook to work with me because I have some auctions finishing this evening.

I have been reading the Matched Betting thread and I think that I will need to read it a few more times before I consider taking the plunge.

Anon

Interesting thread - well done on keeping up this pace!

Out of interest, you mentioned that you have been overpaying above £500 per month and have so far not had a penalty applied and also mention above that you read Nationwide cannot be bothered applying the penalty when the overpayment is under a certain level - do you (or does anyone) know what that limit is please? I will reduce my term and keep overpaying, but if there is a chance to get more in without penalty, this would be good!

Good luck

Anon

uzubairu

I accidentally overpayed £700 last year (whilst changing bill account I forgot to cancel standing order from old account) and didn't receive a charge, even though I phoned them up and asked if any charges would be applied.

The assistant told me I could either leave the money where it was or have it returned to me.
She also said that charges are applied automatically and she couldn't see any on the account.

I then checked the MSE forums and found this thread:-
http://forums.moneysavingexpert.com/showthread.html?p=5814043&highlight=nationwide+mortgage+overpay#post5814043

Read Post #10

So far, the highest I have overpaid in a month is £775.
I've already overpaid £1400 since January this year.

This month it was £740 and next month's will be between £250 and £300.

My OH prefers the extra going into the overpayment reserve, because we do have the option of getting it back (touch wood we won't need to), which we can't do with the reduced term payments.

We could potentially have an extra £2500 in the Overpayment Reserve by the end of the year, if we continue to get away with it.

Hope this helps.