It did not take 8 years, it took 5 years 8 months

oneday_3

well done!!!!!

mrsw

Well done :beer:

EagerLearner

Congrats - even if you don't drink, you surely deserve 1 glass of bubbly for all your good effort...! Mind you, if you really don't drink, how about a nice dinner out for you & your other half who have worked so hard to pay it all off?

We will be buying as first timers next year hopefully, I'm interested in your comments that it's not a good time to buy - we're keen to learn as much as we can and if it's not the time to buy, we'd like to know as much info as poss.

Don't know much abour chaps/bacs... maybe someone else can help...

Enjoy!

Franko43

Well done indeed. I'm hoping to follow suit.

md_14uk

Well done! No doubt you'll now be come an expert in the best savings accounts available :D:D:D:D:D:D:D:D:D :T :T :T

Thefunkygibbons

EagerLearner wrote:

We will be buying as first timers next year hopefully, I'm interested in your comments that it's not a good time to buy - we're keen to learn as much as we can and if it's not the time to buy, we'd like to know as much info as poss.

Enjoy!

My comment about good time to buy were directed at the Buy to Let market, where there seems to be too many people chasing tenants and canny developers have gotten very good at selling rainbows to newbie landlords

In terms of buying to live in, one could wait forever for the right time

We bought our house, back when interest rates were 14%, but we were getting married and therefore, it was right for us, and we needed somewhere to live.

Just make sure you have some headroom when you start and as soon as you can, reduce the mortgage burden by making whatever repayments you can, even if it is only the contents of your mortgage pig

thriftmonster

Well done TFG! We're also on course for an earlier than expected redemption due to a promotion for DH - were hoping for next summer but are now going for Christmas - best Xmas pressie ever!

Thefunkygibbons

Today is the actual day

Also remember to cancel the life cover that was with the mortgage

That saves another £20 a month

Every little helps

lynzpower

Congratulations.

that is one amazing achievement. :T

My feeling is that CHAPS is used to squeeze the last pennies out of you, I asked the same about conveyancing, thats what my sol told me. Ah well.

Have you worked out how much interest you have avoided by overpaying? Id love to know how much youve saved! :j

Thefunkygibbons

Had to be exact, but trying some numbers in the overpayment calculator, in the order of £120,000 to £125,000 saved

Even, I was surprised at that it was so high