Daydream fund challenge part 4

ferretkeeper

Morning all!

Mum23 I have had EXACTLY the same problem with our mortgage lender! We've just finished a 5 yr fix and moved on to a new 10 yr fix, which is good, rate is lower, monthly payment is lower, but we are on partial Interest Only, and I want to go to 100% repayment. So I said can we extend the term to bring down the payments, like you it wasn't that big a jump compared to the previous months.....They came back with No, not affordable!

It took them months to come to that decision. Eventually they said we could make over payments for a year to prove we could afford it! Why didn't they say that in the first place :mad:

Then yesterday they rang out of the blue and said they changed their minds, we can extend the term after all! I'm not sure what to do, stick with plan A and pay extra or get the longer term agreed while we can, they seem to change their minds on a whim!

My hubby is older than me by a lot so our mortgage term was pretty much defined by his age. We currently have 14 years left (original term was 19 yrs) but they've now agreed we could go up to 23 years.

I'd like it to be paid off before then but tbh if the mortgage is the only big bill in later years I can probably live with it, hubby's pension will take care of most of it. It would still be paid off before I'm 60 and retirement age will still be a long way off then :rotfl:

So now I've asked them why we were only allowed 19 years in the first place, and at what point they changed their policy...it looks like they wouldn't give us a mortgage past his 65th birthday originally, now it can go on til his 75th...its made our mortgage payments ginormous, and we've struggled at times, we shall see!

Ah the joys of home ownership! It's ridiculous really, we're going to have to work forever to pay the house off and I can only hope that we're still able to enjoy mortgage free life at that age, or we sell the house, move into our other little place which should also be paid off, and buy a Ferrari each :rotfl:

Funnily enough all this has made me think of ways to get the house paid off sooner. So far I've been job hunting!

ferretkeeper

Dave we had quotes for a small wood pellet boiler thingy that came in around £9-10k, I think it had the automated hopper, no plumbing involved though and no bulk storage...IF you have a home office you qualify for the commercial RHI which was still giving a very good return IIRC it would have paid itself off in a few years. that was going to be our plan but we just couldn't raise the money initially.

However I've just picked up a wood burning Rayburn for cheap, and I understand it can be linked into the existing heating so we would run it alongside the oil boiler, which is quite new and so not worth replacing.

I hope to have the best of both worlds, on demand heat and hot water when I can't be ar$€d lighting the Rayburn, free heat, hot water and cooking when I can and lower oil bills....which reminds me I must order some today, I haven't checked lately but there can't be much left!

lostinrates

My car is dead

Davesnave

lostinrates wrote: »

My car is dead

Oh dear! It was a Disco, wasn't it?

Well, if it was, it still is, but I presume the above means that it's uneconomic to repair? I seem to remember it has been teetering on the edge for a while.

I find that 'new' cars take ages to feel right. Eventually one's body adapts and the right pathways are created in the brain so that their foibles are automatically allowed-for, but meanwhile, it's mostly swearing! :mad:

My last car had a cruise liner's turning circle and I still get surprised by the things I can do in the current one....:o

Anyway, my condolences. :A

Davesnave

ferretkeeper wrote: »

Dave we had quotes for a small wood pellet boiler thingy .....IF you have a home office you qualify for the commercial RHI which was still giving a very good return IIRC it would have paid itself off in a few years.

We do have an office, but sadly, nothing we could legitimately pass off as a business now.

Which reminds me, I wonder how CTC's boar did this morning.

Davesnave

lostinrates wrote: »

Just like to say my air source wasn't that much iirc as your pellet quotes ( though we have been able to reuse mainly fairly old rads for the time being...will update heating as we go through ) and presumably you wouldn't need two of the blighters like we did....only one?

I'm still open to that idea, but we really would have to re-do all the rads with any 'wet' system.

Wish I knew more plumbers, but the one who's coming today will improve my position there by 50%.

alfie_1

LIR...... is that the veHicle you were in last sunday ? pooperoo im watching a program showing an orphan fox cub and i had a reminder of when i got my fox cub. he was 3 days old and i fed him through the night etc. id been given years before by an old lady a silver fox coat [ :eek: ] which id politely accepted so as not to hurt her feelings and promptly bagged it and lopped into attic... so i got it out and chopped off the sleeves and cub slept inside [turned em inside out ] i felt the poor critter hadnt died in vain [or for a vain person ] then . he had the rest of the coat as he grew bigger. i still miss him but i had 15 years with him and he was gorgeous. he loved the car and going for walks with the dog and goat.... oh gawd im reminising !! i went to work for a few hours today, sorted out thier woodshed and took loads into thier porch and filled thier baskets indoors. kernackered but feel better for doing "something"... stayed dry all day here but COLD...

lostinrates

Yes....that car. . My only car....apart from the dead one in the barn...lol.

alfie_1

lostinrates wrote: »

Yes....that car. . My only car....apart from the dead one in the barn...lol.

will you look for another ? i thought of you when i was up at CTC's last time and i came upon [ok yeh i got lost ] a garage selling 2nd hand 4x4 type vehicles and couldnt believe how much cheaper they were there. if you need transport to look around [if its dead dead] let me know

Davesnave

Plumber seems a pleasant, unassuming bloke, and he's busy, which says enough. Where he's busy is also telling: local pub, posh hotel and another well respected pub/guest house 15 miles away.....so not us until mid December. We can manage until then.

Our builder finished pointing the chimney today and put two chimney pots on, which the poor house has never had before. Looks instantly better. We are about done up there for now, but may keep the scaffolding for some of the plastic work, which can be fitted-in on nice days....if we have any!

Tried brushcutting the fallow chicken orchard today and it was hard going. Ran out of petrol when only 2/3 though and I normally complete it on one tank. Missed a good wheeled brushcutter the other day, which only made £113 on the Bay, but it was just too far away. I would've given them £225 for it!