cozza mission of madness

cozza123

After much reading of others mortgage free wannabe diaries I have decided to start up my own.

I bought my house August 2010 i'm 27 years old i live with my bf and dog however the house is in my name and its my first house and i pay the bills and after a few months of problems fingers crossed i'm now settled down. I currently owe £70451.30 on a 6.09% fixed for a further 2 years. i just last week changed the length from 34 years down to 24 years. which with all the reductions in bills from carefully shopping around i feel comfortable with.

I can do the normal 10% op so i am in my quest to be MF at least before i'm 40.So Iam going to use this to track how I do.

Any advise or ideas are greatly appreciated i hear it maybe better to come off the fixed rate once it comes to a end?

Lois_E

Hi cozza123 and welcome to MFW.

Whether to fix again or stay on your lender's SVR or remortgage to a tracker - that's one of life's imponderables. It all depends on what's going to happen to interest rates, but nobody knows.

Anyway, good luck on your mission. Do tell us a bit about your plans for attacking your mortgage. Are you a reviews & surveys kind of person, or an ebay & boot sale kind of person, or a grocery challenge and old style thrift kind of person? Or all three? Or something else? Do you just look at your mortgage statement and enjoy seeing it come down, or are you a spreadsheet addict (like me )?

Ginger_Beard

Hi Cozza,

Welcome to the board, and all the best with your goal. :j

I'm in a similar position with a fixed mortgage that's due to expire in Oct 11. We're currently on 3.69%, and we could get a tracker for around 2.39% at present and a fix for 2.99%. Me and the OH are looking to go for a tracker, as we are prepared and ready if it does go up. If you can't afford for the tracker to increase and want peace of mind a fix is great. It's completely your preference and no-one else can advise on that. Good luck on the decision, and please let us all know how it goes.

Lois very kindly helped me with a spreadsheet, and I would recommend them as they're very motivating, and strangely exciting!

Good luck!
GB

cozza123

hi Louis and ginger

my plan of attack is to if i need to buy anything check if i can get any cash back for it before by looking on the cashback sites already done alot of my bills. I have got most of my bills now to a minimum and just have one of two i have to wait until october to cancel as im in a contact which will save me £40 per month on one of them at least.

with what i have managed to save with reducing my bills I have reduced by mortgage so i haven't really paid anything more out as of yet. with regards to other things i try not to spend much on groceries however ive not heard of the grocery challenge? I do get a bit OTT with making sure things I buy are separated into freezer bags so can take out only what we need.

I am a complete spreadsheet nutter I make lists all the time of my outgoing and incomings i find that this helps me stay focused and did when i was saving for the deposit.

any advise hint or tips would be great oh i did do reviews at one stage however i got some strange man that seemed to stalk my reviews and put negative feedback all the time so i didnt make much from it at the time however i havent done any since my debt free diary.

cozza123

wishful thinking with regards to things settling down got a rude awakening this morning to find bf coming in the house after packing in his job great :mad: really don't need the stress of trying to support him financially again oh well here it goes again.

Secret_Saving_Squirrel

These are hard words but you are young and strong and need to hear them. If you agree that bf was working under intolerable conditions and will soon find a new job, that is fine. If you even suspect that he is taking advantage of living with someone who will support him in an easy life, show him the door. He won't change, except for getting more and more dependent. You have worked hard to achieve something for yourself. There are plenty of other men out there who will work with you and not against you. Only you know the reality of the situation, so be honest with yourself.

I wish you all the very best, whatever you decide.

Squirrel:j

Lois_E

I'm sorry to have to say this, but Squirrel is right. Listen to her. Only you know the situation between the pair of you, and the situation at his work, so only you can make the judgement of what you should do next, but Squirrel has absolutely given you the right criteria to decide by. If he's being irresponsible and expecting you to pick up the tab, please please don't think that if you wait a bit longer he will wake up and start pulling his weight. People who are irresponsible with money do sometimes wake up and get their act in gear, but I'm afraid they almost never do it as long as someone else is picking up the slack for them.

Oh, and make sure that your bf is not somehow building up any kind of claim to a share of your house because he's been living there even though he's not paying for anything.

elantan

dont mean to but in ... but i was lurking and thinking the same ... if you know it's genuine then that is different but the fact you say supporting him again rang alarm bells for me... good luck with it all

cozza123

yeah i know thank you everyone its really appreciated, its annoyed me all day stressing me out giving me chest pains I'm 27 i shouldn't be worrying to this extent . He said that the reason he left was they were asking him to do stuff that could cause him serious injury and it wasn't the first time in fact one person that day already had to go to hospital this morning.

Think i'm just annoyed because if it was me I wouldn't have a choice i'd have to continue to work and last time he got laid off it took him weeks to find the job. I on the other hand worked overtime to keep us going kept us cupboards fully stocked and went overdrawn and had to sort the house out due problems that had gone on months.

I've told him that he's got to go back to his parents tomorrow cause i cant support him like last time as i can't risk things with having the mortgage just till he's found a job. I just feel horrid.

Secret_Saving_Squirrel

Just really hope that it all works out for you. Hold on to what you know to be right,

All the best,

Squirrel

Sepa74

Cozza, I think that's a reasonable compromise. You're still there for him in difficult times, but don't have the pressure of supporting him financially as well. Good luck!