MFW - 30 years old, no kids, just a helluva mortgage

hastie

hi minx,
I earn similar to you but the key to big overpayments is having both of you completely committed to being MF.

you are in this for the long haul. Dont get despondent

keep to an acheivable plan, and pat yourself on the back occasionally.

Good luck

[Deleted User]

Hey there thrifty
Also not sure how to get up to the £1000- £1500 p/m mark as some people are on here.... at the moment Im at about £215 p/m!
It does make me curious sometimes what careers/earning people have to be able to make those kinds of OPs or possibly that is on 2 salaries one mortgage!

I hear you on the DIY - bank holidays have definitely had that effect on our house too Glad the garden is looking lovely and yay on the birthday gift from the parentals

linz

Hi Thriftyminx,

I read what Sepa74 wrote and i'd also be willing to join yougov if you want to refer me. Are they a good survey site? I am a member of quite a few other survey sites but don't know much about yougov.

PM me..

Lois_E

Deleted_User wrote: »

Also not sure how to get up to the £1000- £1500 p/m mark as some people are on here.... at the moment Im at about £215 p/m!
It does make me curious sometimes what careers/earning people have to be able to make those kinds of OPs or possibly that is on 2 salaries one mortgage!

YES! That's exactly how I feel.

pammyj74

Hi thrifty,
My friend is in the same position as you with paying IO mortgage. It started at £165k and is the house is only worth £125k. That is very scary to me. I think some people tend to take out IOs in the thinking that later on they will change to repayment but my friend has got so used to just paying a small amount that it would kill her to pay any more than that.
People live to what money is coming in.
Well done on your OPs so far and try not to compare what other people are OPing. The percentage of their income to ours compares to their OPs I suppose. So we are paying the same % of our income which is just as good in my book.
I only have one income coming in and 3 kids (2 now at home) and I do the best I can, thats all you can do. We can aspire to get a better income but I sit back and think to get that income it comes with more stress!

As for BH DIY, I was going to the garden today (honest) but its raining here so having a pj day (and well deserved!!)

Sepa74

Ooh, rain, I've almost forgotten what that is! It's been very dry here, apart from a big storm last Thursday.

thriftyminx13

Dear all, thanks for the replies. Think I was in a grump last night especially reading about the big overpayments and the fact I am in negative equity!!

Unfortunately (but still luckily) my partner only pays me rent. Not sure when the conversation moves to helping pay half the mortgage as I do earn more than him etc.

You are all right of course, small overpayments can make a difference but if anyone that does make a large OP each month cares to allude to their job, happy to hear, if only for pure nosiness!!

mummyofonechild

pammyj74 wrote: »

Hi thrifty,
My friend is in the same position as you with paying IO mortgage. It started at £165k and is the house is only worth £125k. That is very scary to me. I think some people tend to take out IOs in the thinking that later on they will change to repayment but my friend has got so used to just paying a small amount that it would kill her to pay any more than that.
People live to what money is coming in.
Well done on your OPs so far and try not to compare what other people are OPing. The percentage of their income to ours compares to their OPs I suppose. So we are paying the same % of our income which is just as good in my book.
I only have one income coming in and 3 kids (2 now at home) and I do the best I can, thats all you can do. We can aspire to get a better income but I sit back and think to get that income it comes with more stress!

As for BH DIY, I was going to the garden today (honest) but its raining here so having a pj day (and well deserved!!)

I like that idea Pammy, can we have a national pyjama day

katsu

thriftyminx13 wrote: »

You are all right of course, small overpayments can make a difference but if anyone that does make a large OP each month cares to allude to their job, happy to hear, if only for pure nosiness!!

I think it is more about the income:expenditure ratio than the job, and also the size of the basic mortgage payment. Mr Katsu and I are very focussed on living within our means, wbich gives us the cash to save for OPs, replacing our cars etc.

Also some people are great at minimising their expenditure and "finding" OP cash somehow - look at chamichelle who makes bigger OPs than me but is a SAHM so she and her DH have extra mouths to feed and less income than we do, as Mr Katsu and I both work and are childless.