The long road to being mortgage free!

Tilly_MFW_in_6_YRS

Hi Ammonite, best wishes for 2013 and I hope you are feeling stronger and that mini Ammonite is looking forward to seeing the New Year in.

Best wishes Tilly x

misscousinitt

Congratulations on your new arrival. Hope you are recovering well.

Happy New Year and all the best for 2013.

MCI
xxx

ammonite

Thanks for all the good wishes guys, to be honest I had a terribly slow recovery and almost got re-admitted after a Saturday night in A&E (eek!) but definitely on the mend now. My MFW journey has been thwarted by the desire to sleep instead of put the PC on

However, I just tidied up the bank accounts (3 weeks late!) and I think we might just be able to pay all of the workmen without going into our savings (waiting on the last job to be complete - depends when they finish if its after payday we are fine not to dip into our savings which I'll be SO proud of us for!). With interest payments I have added a whole £10 to the MFW/savings fund and now have 10.093% of the mortgage in savings and our approx. LTV is 49.87% - so we technically own more of the house than the bank - yay!

2013 is the year we can change our mortgage deal (December) but I'm not wishing the year away as I'm SOOO not ready for our little one to be 1 year old!

Hope to log on a bit more and apologies for not catching up with all your diaries - forgive me

Tilly_MFW_in_6_YRS

Hi Ammonite, I was only thinking of you today and hoping everything was going well. Hopefully you are over the worst and can enjoy your lovely time with mini Ammonite.

Best wishes Tilly x x

Mortgagefreeby50

Hello! I've been keeping an eye out for you and hoping you are ok x

gallygirl

Glad to hear you are on the mend :T.

[Deleted User]

Glad your okay ammonite - sleep sounds much more important than computer time especially when you have a new little one to take care of too!!

Good to have you back tho!

misscousinitt

Take care of yourself and the little one and we hope to see you from time to time.

Thinking of you.

MCI
x

ammonite

Thanks everyone, its lovely to spend time with mini ammonite and hopefully soon we will settle into a better routine, week 3 has already been much more structured than the chaos of weeks 1&2 Can't believe how much gas and electricity we are going through! Heating and washing machine have not been off since we got home! Also Daddy is driving to work at the moment instead of getting a lift so spending a lot on petrol that we hadn't anticipated really. Oh well, all for a good cause. The one thing in terms of moneysaving is that its made Daddy not spend money on frivolous things as he'd rather save money to put towards mini ammonites future. He wasn't particularly a frivolous spender anyway but I've noticed he's been telling me off for suggesting buying things - usually the other way around

Off to find best deals on nappies and Fairy non-bio - the glamour!!

ammonite

Hello all, hope you are well, sorry I have not been able to keep up with diaries, the small one is keeping me busy

My MFW plans have gone awry slightly. Our savings are fully intact and completely will be - all our building work was paid for with wages not savings but I was hoping to pay £2100 off the mortgage in April as I planned last year as this would reduce the mortgage term by a full year. However upon looking at our finances and talking to Daddy Ammonite, I think we might have to keep that money in our nest egg as our financial future is not secure beyond August this year and until we have some more security it seems a bit daft to pay the mortgage off by that amount when we may need access to the money. Is it possible to pay the money off the mortgage but have access to the money if we needed it i.e. would the bank give it back as a credit facility? Would we have to pay interest on it? Or have I just made that up? (With Bank of Ireland at the moment).

Our current MFW plan is try and pay and extra £50-£100 off each month with whatever we have spare and keep hold of the savings. I'm not a big fan of not knowing what the future will hold!


Keep everything crossed that interest rates don't go up in the next 11 months before we can secure a new lower interest mortgage!

Hope all are well