Mrs Trelfa's Master Plan For Trifle Towers

Mrs_Rachel_Trelfa

HAHAHAHA - I think I really needed the glasses as I have only just realized that I had managed to delete half my paragraph on my other post. I was meant to put that the hubby suggested that I get my eyes tested as things were becoming blurry when driving home after work and also I was struggling to read subtitles.

So yesterday I went and picked up the glasses and... I CAN SEE...

We ended up spending money that was not planned as such as my shampoo was on offer (less than half price) so I have stocked up on like 6 months worth - if not longer. Also went to Wilkinsons and got some curtain hooks to put up the curtains that my mum gave only to find out that the 2 bedrooms do not have the hoop things on the rail so it will be a trip to wilkinsons again for the hubby on his lunch break this week. Also spent an extra £14.99 that was not planned on buying another yankee candle as I am fed up of the christmas one we got considering its March! we got one of the 'scents of the month' so it was a fiver less so thats a good thing. Trying to decide on a smell that we both like is always a challenge as the ones I like he doesn't and vice versa.

I also have just realized that I have not put down a SOA yet (think I am going senile???) That is my plan for tomorrow evening after work as I will be home alone because the hubby is doing overtime for at least the next 2 weeks. Also I have just realized that we have not had the paperwork about the overpayment come through the post yet. Do you think a week is not long enough or should I give them a bell when i get home tomorrow? I feel bad if they think I am pestering them.

Mrs_Rachel_Trelfa

Came home tonight and the paperwork from Santander is on the doorstep and we are down to 29 years 10 months however it does slightly depress me that we have only taken £1,773.28 off the capital and when I think we have made £1,300 on overpayments our monthly repayment has only taken off £473.28 off. I keep thinking it should have been taking more off as we pay aprox £550 a month as our contracted repayment amount. I then have to remind myself that most of the amount is interest and very little goes on the capital. Having said that our MF date is January 2044 so we have knocked a year off with just 3 overpayments so that is what is spurring me on.

RoaringTwenties

I understand it is disheartening Mrs RT but when I used to make what felt like huge OPs on my mortgage 11 years ago and they seemed to disappear I used to tell myself that if I hadn't made them the interest would have been even bigger, at least I was chipping away at it. There weren't online mortgage calculators then, or at least I didn't know of any! They can be good for cheering you up I think, when it tells you the thousands you're going to save by OPing.

A year off with 3 OPs is fantastic. You'll be on that MF Roll of Honour before you know it:)

Mrs_Rachel_Trelfa

Back from town and another £400 overpayment and dance of course. Also picked up a load of birthday cards (2 lots of 5 for £1) to cover birthdays that are coming up this year. Pay day was yesterday and I got another bonus so that's going to the Thailand fund.

RoaringTwenties

Brilliant Mrs RT :beer:

Glad to see you did the customary dance too, I think that really has to be a permanent fixture now :rotfl:

Mrs_Rachel_Trelfa

RoaringTwenties wrote: »

Brilliant Mrs RT :beer:

Glad to see you did the customary dance too, I think that really has to be a permanent fixture now :rotfl:

Yep roaring twenties, the dances are a permanent thing now. i am trying to get the hubby involved in them. Although it means we could have an extra £1,700 right now, I just need to remind ourselves of the interest savings and the benefit of having more equity when it comes to moving.

RoaringTwenties

Mrs_Rachel_Trelfa wrote: »

Yep roaring twenties, the dances are a permanent thing now. i am trying to get the hubby involved in them. Although it means we could have an extra £1,700 right now, I just need to remind ourselves of the interest savings and the benefit of having more equity when it comes to moving.

Could we be seeing a new dance craze - the Trelfa Twist perhaps? :rotfl:

The way I look at it is that it isn't £1700 you could have had, you still have it, it's just in the form of equity in the house. It isn't that you've lost it or given up, it's just in a different form. And given the interest you'll save by having it in that form, it's just made you a whole heap of money by being where it is!

HTH! :T

Mrs_Rachel_Trelfa

The Trelfa twist is so the next dance craze. You will see it in all the clubs any night now.

I know we have the equity in the house and its not lost money but that £1,700 would be a great holiday somewhere or start doing up the house.

On the bright side the paperwork for the overpayment came today and we are down to 29 years and 7 months with mortgage free date October 2043.

RoaringTwenties

That's brill Mrs RT. Do you get paperwork every time you make an OP? Thinking about it, sometimes I have when I've made a big OP, but with my usual couple of hundred quid I get nada!

Mrs_Rachel_Trelfa

Hi roaring, yep we get 2 letters. The first confirming the overpayment amount and date its applied (i check against the date we made it). The second letter which either arrives the same day or sat after has details of the next few months payments as the change by up to £2 from the recalculated balance, the new balance, interest rate and term. With a '*' showing what has changed which is the remaining term and then at the bottom it says when the mortgage will be finished - currently October 2043.

I do worry about all the paper and trees but I am an excellent filer and have it organised. Also as I cannot see online my balance (it just shows there is a mortgage account but no numbers) the paperwork if proof that its being applied correctly rather than waiting for the yearly statement if that makes sense.