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QB Wolf's long and winding road

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Comments

  • QB_Wolf
    QB_Wolf Posts: 722 Forumite
    Can't afford to make any overpayments. Things are very tight financially and haven't got any better. Christmas is going to be a fiscal affair in the QB Wolf household, call me Ebenezer.
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =199,812
    Original LTV = 64% Current LTV = 49%
    Original Pay Off Date = Sep' 36 New Pay Off date = Sep' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1319.31
  • sweetdaisy
    sweetdaisy Posts: 1,249 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Hope things pick up for you QBW. I can't see me making any overpayments until after Christmas either, as there is so much going on.
  • QB_Wolf
    QB_Wolf Posts: 722 Forumite
    Thanks SD, part 1 of our mortgage deal comes to an end at the end of March, so have some decisions to make soon, would really love to get mortgage under the 60% LTV, so to be honest can't see us making a mortgage OP until I've found a way forwards on that.
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =199,812
    Original LTV = 64% Current LTV = 49%
    Original Pay Off Date = Sep' 36 New Pay Off date = Sep' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1319.31
  • QB_Wolf
    QB_Wolf Posts: 722 Forumite
    Christmas is expensive, I don't like it, Bah Humbug!!
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =199,812
    Original LTV = 64% Current LTV = 49%
    Original Pay Off Date = Sep' 36 New Pay Off date = Sep' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1319.31
  • QB_Wolf
    QB_Wolf Posts: 722 Forumite
    edited 16 January 2016 at 1:51PM
    Haven't posted for a while things continue to be a struggle financially, feel like we've stretched ourselves too far, which is getting me down a bit.
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =199,812
    Original LTV = 64% Current LTV = 49%
    Original Pay Off Date = Sep' 36 New Pay Off date = Sep' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1319.31
  • QB_Wolf
    QB_Wolf Posts: 722 Forumite
    Tax returns done - Not quite last minute, but next year I will do them much earlier in the year.

    Still a wounder of an amount of money to find, but nowhere near as bad as last year. Just need to work out how to pay the credit card and the mortgage this month. Will have to sell some shares - No OPs for me.
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =199,812
    Original LTV = 64% Current LTV = 49%
    Original Pay Off Date = Sep' 36 New Pay Off date = Sep' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1319.31
  • QB_Wolf
    QB_Wolf Posts: 722 Forumite
    Sold some shares this afternoon. Find it totally depressing, having to use savings to pay the mortgage, to pay the arrangement fee for the next mortgage deal and help to pay architect fees.

    I will have to make a small overpayment to cheer myself up.
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =199,812
    Original LTV = 64% Current LTV = 49%
    Original Pay Off Date = Sep' 36 New Pay Off date = Sep' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1319.31
  • QB_Wolf
    QB_Wolf Posts: 722 Forumite
    Just sorting out the new deal on one part of my mortgage, I hate having two parts I feel really tied in.

    Anyway there is an arrangement fee of £995 which I can either pay up front, or they can add to the mortgage, any advice?
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =199,812
    Original LTV = 64% Current LTV = 49%
    Original Pay Off Date = Sep' 36 New Pay Off date = Sep' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1319.31
  • muddywhitechicken
    muddywhitechicken Posts: 3,940 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    I'd probably pay it up front if I had the cash - how much will that extra £1000 on the mortgage have cost you by the time you pay it off?
    Mortgage at highest (April 2008): ~£195,000
    Mortgage-free: January 2021
    Retired: June 2022 (186 months early!)
  • QB_Wolf
    QB_Wolf Posts: 722 Forumite
    Thanks MWC - not sure but I'll pay the fee I think, but it winds me up, having to pay it in the first place.
    Start Date 16/09/2015
    Original amount outstanding = 225,000 Current amount outstanding =199,812
    Original LTV = 64% Current LTV = 49%
    Original Pay Off Date = Sep' 36 New Pay Off date = Sep' 36
    Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1319.31
This discussion has been closed.
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