Mortgage Free in Three Yrs

catshark88

Hang in there Freedom Girl!

Most of us on this thread seemed to go through a similar dip earlier in the year, I think that it is inevitable on such a long quest.

You will find lots of support here though, we are all in the same boat.

Just be kind yo yourself, remember how far you have come already and don't mind too much if you step off path a little now and again. You are still in the right path!

Take care.

benbenandme

Has everyone done the playboy casino offer (see gambling board) ... it takes a couple of days for the email to come through but its very easy free money, and remember its worth a lot more off the mortgage, 3 times more in my case

ailuro2

Freedom girl, your OH has all of the summer to look for other jobs, so he has plenty time to get his CV done well, and research the market, look out any certificates etc. he might need, so all is not lost.

Who knows, he may end up with a potentially better paid job?

Of course, the overpayment fund is also a buffer for when times get hard, just imagine what your tummy would be like at the moment if you'd no buffer to fall back on - it would be doing somersaults!

Because you have developed good habits they will stand you in good stead and keep a roof over your head, when worse choices could have meant you being in trouble and having to sell in a falling market.

OK - so is that enough blessings for you to count? Thank goodness for MSE, eh?:T

angelavdavis

Ok everyone (deep breath!) We have decided to bite the bullet!!!

As mentioned a few weeks ago, DH has decided to sell his house before the market suffers any more. He was previously a bit nervous about doing this as it was the last of his bachelor-dom trappings. Also, he renewed the fixed rate in August last year (month before the wedding) for two years (much to my disgust!). He also had thoughts of renting it out - but with the doom and gloom news about the market and house prices, OH changed his mind.

Anyway, bottom-line, we have found ftbs with financing and are completing next Friday (13th!) We also secured their offer by asking them to provide a 1% non-refundable surety to stop them gazundering us. This means we can move into my house and transfer half the value to OH. Even with having to pay off DH's lender's penalty plus other costs, we stand to make more than my mortgage is worth.

Originally the plan after selling DH's house was to lower the mortgage to £50k and reduce the term to 10 years, then put the £50k in the offset in case of emergencies. We would need to add DH onto the mortgage.

Having phoned Britannia today, they want to treat adding DH as a new application which will cost me in excess of £500 to set up ( I only paid £300 to switch it to an offset last year)!

In addition, their discharge fee has also increased to £125 from £75 quoted to me a month ago!

So we have decided to instead pay off all the mortgage and then do a separate transfer of equity at the same time as redrafting our wills (both are out of date and don't reflect us being married).

Bit nervous as it means we don't have a cushion behind us - other than ISAs and bits of investments - but I am not using the car much for work and that was the only scheduled expense I could see coming. In addition, our joint outgoings will go from over £5000 per month to £600 so we should be able to build up more savings quickly!

So, what that all means is that, barring disaster, WE ARE GOING TO BE MORTGAGE FREE by the July update!!!!:j :j

Dithering_Dad

Wow, that's brilliant Angela!!

I wouldn't worry too much about the cash cushion - you'll soon build that up again, especially with no mortgage payments.

Congrats!!

comping_cat

Oh Angela - wonderful news - it wont take you long to build up some more savings, and you will be MORTGAGE FREE!!!!

financialbliss

Regular thread readers may note that chip in occasionally regarding various "days left" numbers. Took my finger off the pulse - hasn't realised about yesterday (4th June).

1 year, 9 months and 27 days remaining, or in pure numbers 666 days.

Anyone for a topical quote:

"Budgets: the devil is in the detail..."

Can anyone do any better?

Financial Bliss

financialbliss

FreedomGirl wrote: »

Anyway, I'm hoping that someone can give me a MFiT "pick me up", because this most definitely feels like a slog right now

FG

While I don’t post here often, I do read this regularly.

Hope everyone doesn’t mind a quick pizza post…

We’ve got two kids and they love making their own pizzas. We use this pizza base recipe:

225g bread flour
½ tsp salt
2 tsp yeast (7g sachet)
1 tbsp vegetable oil
175ml warm water
Flour for dusting

Mix flour salt and yeast. Add oil and water. Stir to form a soft dough.

Kneed on a floured surface for about 5 minutes until smooth and elastic. Place back in bowl, cover with cling film and leave for an hour or two to rise.

Split dough up into the number of pizzas you’re making. We’ll normally make 4 or 5 smallish ones rather than 2 big ones. Roll out dough and pinch up edges to form a well for the filling.

We normally reduce a tin of tomatoes for the tomato base, adding in mixed herbs and garlic, etc.

Topping: whatever takes your fancy really. Plain cheese and tomato, pepperoni, ham, vegetable, spicy, etc.

Bake in oven @ 200c for about 10-15 minutes. Use this time to clean up kids and flour they've got from one side of the kitchen to the other :rotfl:

FB.

TallGirl

Angeladavis that is fantastic news, mortgage free next month and well done for finding a buyer and even a first time one. Cool
Benbenandme yes definitely do the Playboy offer as you can make £50 or £60 on the co.uk and £15 or £20 on the .com one. Not to promote my own diary but I have explained it in there otherwise PM me.

All is well here had a nice time away with my new boss and 2 people from the office. New boss likes her drink so had far too much but she is quite nice and I feel I am getting on really well with her.
She has just seperated from her 2nd husband they are having to sell their house so they can split the proceeds. If she wanted to buy it on her own she would need a £200,000 mortgage on her own interest only and as she has two children she thinks that is too much.
My sister and I are currently buying electronic dolls off ebay. We are getting them for £10 second hand and about £20 but they sell second hand in Denmark for about £45 so buying some spare to take over next month. My niece is having one for her birthday but they are sold out over there hence the prices.
Keep up the good work it is nice to read about people doing well but also some that are struggling that is what this is all about it is a long hard slogg but worth it.

FreedomGirl

Hi financial bliss,

Thanks for that pizza recipe - now printed out. Will take trip to Lidl to buy cheese etc and have a pizza making session this weekend

Angela - that's fab news

FG