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A journey of a 1000 miles must begin with single footstep....

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Comments

  • jtr2803
    jtr2803 Posts: 3,232 Forumite
    Glad your OH has agreed to the apartment Woo, debt is fine if it results in a corresponding asset! Will mena a lot to you as well I know ;).

    Keeping my fingers crossed for you girls that your Lloyds balances have suddenly been wiped :D

    Very happily married on 10th April 2013 :D
    Spero Meliora
    Trying to find a cure for Maldivesitis :rotfl:
  • Woowoo
    Woowoo Posts: 4,603 Forumite
    Thanks Jody, it does mean a lot to me. I even made him shake on it!
    LBM Aug 09: £18,650.47 - Current: £12,854.93 (£5946.79)

    Barclays: £2,928.34 Lloyds: £2,499.60
    MBNA: £3,788.99 Overdraft: £1,900.00 Mum: £1,738.00

    Surveys: £6.60/£40.00
  • Woowoo
    Woowoo Posts: 4,603 Forumite
    Damm, Lloyds CC statement is back up, fantasy over!
    LBM Aug 09: £18,650.47 - Current: £12,854.93 (£5946.79)

    Barclays: £2,928.34 Lloyds: £2,499.60
    MBNA: £3,788.99 Overdraft: £1,900.00 Mum: £1,738.00

    Surveys: £6.60/£40.00
  • Kepp
    Kepp Posts: 4,390 Forumite
    Part of the Furniture Combo Breaker
    It was good while it lasted :)
    Debt at LBM Apr 2010 £28,767 Debt free as of Nov 2013 :j
  • REDMADCURLS
    REDMADCURLS Posts: 3,766 Forumite
    But the dream is not so far from reality Chick!!!!
    LBM Feb 2010 £62,700 Total Debt Jan 11 [STRIKE]£49,403.84[/STRIKE] £47,530.32.
    (CC/LOAN = [STRIKE]36,378.98[/STRIKE] 35668.47. O/D = [STRIKE]1255.32[/STRIKE] 1212.35/[STRIKE]1999.78[/STRIKE] 1934.52, BUS = [STRIKE]9769.76[/STRIKE] 8714.98)
    Challenge = Debt at 31/01/12 = £25k. 2011 Payments = £1,944.19/£24,403.84

    There is no point in negative thought, it takes up time and energy which could be used in a positive, happy way!
  • Woowoo
    Woowoo Posts: 4,603 Forumite
    I feels within reach now anyway Red x
    LBM Aug 09: £18,650.47 - Current: £12,854.93 (£5946.79)

    Barclays: £2,928.34 Lloyds: £2,499.60
    MBNA: £3,788.99 Overdraft: £1,900.00 Mum: £1,738.00

    Surveys: £6.60/£40.00
  • RumPunch_2
    RumPunch_2 Posts: 326 Forumite
    Woowoo wrote: »
    I had a bit of a chat with the OH last night and he has promised that once I am debt free we will start saving for a ski apartment in Morzine.

    The plan is to save a £30k deposit between us over 2 years and then get a mortgage for the rest.

    I'm still not sure how I feel about having a mortgage, as I am so adamant that I never want to borrow a penny from anyone ever again. However, if it enables us to fullfil our dream and actually have something together, I think I can learn to live with this.

    So this is yet another incentive to get debt free by December 2011.


    Roll on December 2011, but I bet it's sooner. Wonderful news Woowoo, really really pleased! I think a mortgage is ok to have, good point about it being linked to an asset. If you'll let us, we'll rent your ski appartment ;)

    One of my friends is overpaying her mortgage, my OH thinks that isn't the best move because a mortgage is usually the cheapest borrowing you can get, so it's better to save/invest and earn higher interest than pay the mortgage. Discuss....
  • Woowoo
    Woowoo Posts: 4,603 Forumite
    I've never looked at it that way, but your OH makes a good point.

    I have been trying to get my OH to overpay his mortgage so that we can both be debt free. Looks like that won't happen now anyway.

    Of course you can rent my swanky new apartment in the French Alps lol! For mates rates of course x
    LBM Aug 09: £18,650.47 - Current: £12,854.93 (£5946.79)

    Barclays: £2,928.34 Lloyds: £2,499.60
    MBNA: £3,788.99 Overdraft: £1,900.00 Mum: £1,738.00

    Surveys: £6.60/£40.00
  • RumPunch_2
    RumPunch_2 Posts: 326 Forumite
    Will he be able to get a 2nd mortgage or will you need to rent it out to get a mortgage?
  • Woowoo
    Woowoo Posts: 4,603 Forumite
    I think he will get a second mortgage easily.

    He is very good with money, shame it never rubbed off lol!
    LBM Aug 09: £18,650.47 - Current: £12,854.93 (£5946.79)

    Barclays: £2,928.34 Lloyds: £2,499.60
    MBNA: £3,788.99 Overdraft: £1,900.00 Mum: £1,738.00

    Surveys: £6.60/£40.00
This discussion has been closed.
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