Lois_E begins a long MFW journey

summerday

Yay that your work is almost all done!

Sounds sensible to replace the kitchen lightbulbs, if there are lots of them then replacing with energy efficient ones will prob save a lot.

gratefulforhelp_2

I bet you will be delighted to finish off the building work. I know I will.

twinklie

:rotfl: delighted :rotfl:

Lois_E

Well, this is where the journey really starts. I have finished borrowing more money to pay for building work. There's only a little bit left to pay for, and I'll be able to afford that without any further borrowing. So here are the stats for my first month, 7th Sept - 6th Oct.

6th September
Mortgage ..........£75,143.13
Family loan 1......£12,796.89
Family loan 2...... £ 5,241.20
Total owing........£93,181.21

6th October
Mortgage ..........£74,945.14
Family loan 1......£12,796.89
Family loan 2...... £ 5,241.20
Total owing........£92,983.23

Payments made
Standard: £350.00 (£152.01 interest and £197.99 reducing the balance)
OPs: None
Building & related expenses: £507.79

So, what is there to celebrate?
The mortgage is now below £75k. :j
The total is now below £93k. :beer:
Adding together the building progress and the capital reduction, I'm over £700 closer to being MF on the finished house
All this despite having had an expensive month with contents/buildings insurance and a lot of school-related spending on the children.

Lois_E

Ta-dah! I now have a sig with numbers in!
I made a small payment to loan 2 this morning, but when I came to make the sig this evening, I didn't think it looked right - the mortgage and loan 2 and total all had one number crossed out and a new one, so it really really needed loan 1 to have a crossing-out and reduction too. So I've paid a v small payment to loan 1 just to make the sig look nice.
Have calculated I need to OP by £160 this month to take a month off the term and get a crossing-out in the bottom line of the sig. Not sure if I can manage that, but if I can it will be at the end of the month between payday and mortgage payment day. Watch this space!

Courgette

Woo hoo! Numbers at last! I'm such a geek :rotfl:Love the comment on the numbers not looking right, it's ridiculous what this place does to you isn't it!

Peonie

I like number too, keep sharing them with us.

Lois_E

Thanks Courgette & Peonie.

Peonie - it's nice to see somebody else whose MF date is as long a haul as mine. I'm following your diary too.

Peonie

Lois_E wrote: »

Peonie - it's nice to see somebody else whose MF date is as long a haul as mine.

Hi Lois, I thought the same yesterday when I saw you new signature.

Sepa74

Lol... I'm a long hauler too. 2034 for me

But better than when it was 2041 :j