museumworker's quest to consign mortgage to history!

rlc22

museumworker wrote: »

Good luck for yours too . Are you having the free standard valuation? I was told that was a kerbside valuation only. Part of the problem is that we will have broken the ceiling price for houses on the street. Ours is now the only 5 bedroom, 2 bathroom place here. Last sale a few doors down was for £280k in November, 3 bedrooms. I need to get a valuation of £300K to make this happen. Let me know if it goes ok!

Ours is the free one, but I suspect that it's the standard one as we might be borderline on the 75% (by my reckoning we'll hopefully come in a 71% LTV so at least there's a little bit of breathing space there). I think they're more likely to do the kerbside ones for lower LTVs or for properties that are more likely to be within it (I might be completely wrong on that though!)

I've been frantically cleaning and tidying over the last couple of days - you'd think I was trying to sell the place, not just getting it valued!

It sounds like you should be ok if the one down the road is smaller and sold for £280k... I really hope so

I have to say, I'm quite impressed with FD's service, I've had text messages at every point along the way to let me know that they've received paperwork etc. Very reassuring!

museumworker

That's good to hear, I'm impressed by the customer service I've had too. And LOVE the idea of online mortgage account, although I fear it will make me even more of an obsessive! Paid the £99 fee today, so just have to get the paperwork together now to secure it for 6 months.

DD at her dad's this weekend - going to do our weekly shop tonight to get it out of the way. Planning a date day on Sunday, and a decluttering day tomorrow, no doubt I will post an evil to do list at some point to help focus the mind!

SeriouslySeekingtoSave

Online Mortgage's are definately the way to go. I didn't even think about it when I got my HSBC mortgage and then I just accepted it as 'well, of course'. But apparently this isn't so common.

I can see to the cent what my mortgage is, how much interest I've paid, all of my OPs - it's brilliant!

[Deleted User]

Hey mw
am very jealous of your online mortgage potential!! :rotfl: I can see my balance but nothing else so not much to be able to obsess over!
good luck on getting the mortgage sounds like you were one of the last lucky ones!
sounds like a good weekend plan...that is pretty much mine too - decluttering/tidying tomorrow then friends for dinner, then relaxing on sunday - may even see whats on at cinema as we have some clubcard-voucher (ie free!) tickets!

museumworker

OH got paid yesterday! And finally got expense money back from his trip away in November. We'd paid it off the CC ourselves to avoid interest charges (although as we couldn't pay it on the 28th of Dec which was a bank hol we just had some interest charges anyway - blinking NatWest, thieving gits!).

Anyway, despite the £14 in charges we incurred, we still have a large sum to send to savings this month. £954 from OH after mortgage and joint account topped up, plus when I get paid £1200. Plus isn't it a council tax free month? If so, that would be an additional £125 which will take us to £2279 in savings this month :eek::j:D! We will have to pay the £1800 get out fee from this, but am counting it as savings anyway.

Had first migraine of the year last night - think the triggers were a very strong decaf coffee earlier in the day, and OH banging some saucepans around. Sounds ridiculous, but the only things I can think of! Meant had to abandon food shop, take lots of strong pain killers and generally be spaced out.

Plan for today - weekly food shop with money from the mortgage hedgehog, under £45 as that's all the cash we have! Declutter boxes from dining room, and tidy living room. Bolognaise for dinner, and finish watching our lovefilm - The Trip, which is both funny and sad. Hopefully pop round to see a friend who has just been made redundant . .

tootallulah

Brilliant news on the savings, I do hope the mortgage ltv works out. Mortgage on line is very motivating, of course it has also made me a bit more obsessive but I only let that out on here so that doesn't matter.

cha97michelle

It is Feb and March that are council tax free.

Sounds like you are getting on top of your migraines. Is that the 1st one this year?

museumworker

I thought I was getting on top of them chamichelle, that was my first of the year. However, had ANOTHER one this afternoon - trigged I think by getting dehydrated and then the smell of an air freshener OH bought for the car. I knew as soon as he opened it I couldn't bare it, but I think he thought I was joking. Within 5 mins I was getting double vision again. He stopped the car and threw it away then! More pain killers, and another few hours of feeling pants and not being able to see straight . I also had a decaf coffee this morning, so have decided to just give them up completely.

On better news, did shop for £47, included treats such as a bottle of wine, ovaltine and nesquik! Lidl had mince down to £1 for 500g so we bought 4, should be able to do a good few meals from those! OH making big bolognaise right now, he makes a very good one! Am going to do a massive beef and stout stew in the slow cooker tomorrow, with beef shank from the butchers which looks GORGEOUS, only £5/kg. Should be large enough to feed 12, so plenty for the freezer there. We've done our monthly shop for under £150, which I am very pleased with .

Once was feeling slightly better, we started looking for paperwork to send to FD. Was a mammoth task due to the state of the house at the minute - we decluttered more paperwork as we went along so in total 3 sacks gone. And we put away the paperwork hanging around the dining room, definitely getting there. Have found almost all we need, have to print off some online banking stuff for them. OH has to order NatWest bank statements as he asked to not get sent any paper copies - they need to have at least one original. Means likely to send everything off to them end of this week.

Found OH's mortgage statement from when remortgaged. The other day he was convinced he hadn't paid any fee then, just a broker fee of a few hundred quid. Statement showed that had added £999 fees to the mortgage, then due to adjustment fees and missing a payment fee, after a year of paying it was more than when they started! (The mortgage was in OH's name and his friend's at this point as they owned a flat together, then sold and the mortgage was transferred to our name and our new house). That debt became part of our mortgage :eek:! Goes to show how easy it is for the bank (and brokers) to make a packet out of you, without you necessarily being aware of it.

cha97michelle

The coffee does sound like a likely culprit even though it was decaf. That is good about frequency though as it seemed like it was pretty much every day at one point.

I'm so lucky i only get them if i am tired and then push it more by reading or being on the computer. If i go to bed quick enough i can push it away. Couldn't give up my caffeine though.

originalmiscellany

I agree re the banks museumworker. It's easy when re mortgaging for say £150k to lose an extra 1k as fees - the mortgage only goes up a few pounds a month but long term it's a bit of a killer. As you say, it helps line fat cats ample wallets. Similar to you, we also were "stung" when we re mortgaged 4 years ago, didn't have the 1k up front so put it on the mortgage. Long term = ouch, short term = painless.