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Offer accepted... thinking about being mortgage free already! My diary
Comments
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Wow, what a great start...
Welcome and good luck with your journey.Mortgage Free x 1 03.11.2012 - House rented out Feb 2016
Mortgage No 2: £82, 595.61 (31.08.2019)
OP's to Date £8500
Renovation Fund:£511.39;
Nectar Points Balance: approx £30 (31.08.2019)0 -
Phelpsie001 wrote: »Not going to lie, pretty jealous that someone gave you £20,000 =P
Yeah I can see that
In Laws are a double edged sword here. We have had our battles but they came through to help us! x 0 -
This is also another reason i like to see my mortgage coming down so when the kids are of age we can do like your FIL has done for his child!£14, 500 to go0
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mortgagenomore wrote: »This is also another reason i like to see my mortgage coming down so when the kids are of age we can do like your FIL has done for his child!
Absolutely. I would want to do similar for my 3 daughters. One of which is disabled so I can see her not moving away from home in a hurry! I would love for my girls to be able to say to me that they have seen a home and feel able to ask for help.
So hard to actually get onto the property ladder with rising prices and cost of living etc. I am 36 and I am just buying a home. Been a very long very tough road to get to this point. Things will get tougher for the future generations too I am sure.0 -
Well,today was decision day on the mortgage and its good news
The bank have agreed to lend us the rest of the money although its over a shorter term than we wanted. Bizarrely the bank's idea of affordability is to knock the term of the mortgage down to 10 years from 24 and double the repayments :think: but we have a mortgage:D:D 0 -
Hi Vhab
Welcome to the gang, as someone else has said this MFW lark gets very addictive
Great news about your mortgage being accepted, exciting times for you all
Good luck with your plans
Regards
ATTMFW Start Date 1.4.08. Updated 23.1.18. MFW date 1.8.18
Original Mortgage o/s £187,643 / £71,904 (-115,739)
Repay o/s £92,661 / now £55,900 (-36,761)
Int Only o/s £94,982, now £16,004 (-78,978)
Total daily interest £1 [a) £0.77 b)£0.23
Total OP's:2018 target £TBC YTD £1,9950 -
Paperwork was signed today - now to get it down!
Let the capital reduction begin!:D:D 0 -
Got my internet banking thing through today so I can move money about online. Was a bit of a faff setting it up, I am not the best technological mind! but I got there in the end.
Planning also when we move to switch things to direct debit where we can and keep control over money that way. I tend to pay everything in cash at the moment which is ok, but we are missing DD benefits on some things (fuel for one).
We are still throwing money into savings where we can even before the mortgage officially begins. New car is next on the list, bought outright of course 0 -
Good work ViHan! You're a very wise MSE Feb 2012 - onwards MF achieved
September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
April 2018 down to 28.00 months vs 30.04 months at normal payment.
Predicted mortgage clearing 03/2047 - now looking at 02/2045
Aims: 1) To pay off mortgage within 20 years - 20370 -
How many years were you hoping to knock the mortgage down to? The shorter term will save you soooo much interest. Good luck.The bank have agreed to lend us the rest of the money although its over a shorter term than we wanted. Bizarrely the bank's idea of affordability is to knock the term of the mortgage down to 10 years from 24 and double the repayments :think: but we have a mortgage:D:DPots: House £6966/£7100, Rainy day Complete, [STRIKE]Sunny day £0/£700[/STRIKE], IVF £2523/£2523, Car up-keep £135/£135, New car £5000/£5000, Holiday £1000/£1000, MFW #16 £2077/£3120
MFiT3 #86: Reduce mortgage from £146,800 to £125,000
Mortgage Sept 2014: £135,500, MF Oct 2035 Peak July 2011: £154,000, MF July 20360
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