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Baby steps to mortgage freedom for beanielou.

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  • abba1772
    abba1772 Posts: 7,746 Forumite
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    Glad tsb have started your emergency fund xx
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  • milann
    milann Posts: 11,444 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    About time tsb gave you compensation for the worry they caused. Here's to an emergency fund :money::money::j:j must put your mind at ease a little :)
    January spends - £587.58
  • katsoocam
    katsoocam Posts: 136 Forumite
    Eighth Anniversary 100 Posts Name Dropper
    Always good to have an emergency fund beanielou! Mine keeps calling to me to use for an overpayment but now I have a family I am standing firm on keeping it.
  • beanielou
    beanielou Posts: 96,094 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    I am staying strong even though my phone is on the blink :A
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.     ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • beanielou
    beanielou Posts: 96,094 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    abba1772 wrote: »
    Glad tsb have started your emergency fund xx

    Thanks xx
    milann wrote: »
    About time tsb gave you compensation for the worry they caused. Here's to an emergency fund :money::money::j:j must put your mind at ease a little :)

    It does :D
    katsoocam wrote: »
    Always good to have an emergency fund beanielou! Mine keeps calling to me to use for an overpayment but now I have a family I am standing firm on keeping it.

    Yes, I did think about an OP for a wee while :eek:but am staying strong thus far!!
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.     ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • doingitanyway
    doingitanyway Posts: 10,163 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Mortgage-free Glee!
    Great. The bank provided the emergency fund. The universe delivered! Have you sorted your toe or did I miss that bit?
    If you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them

    Emergency fund 800/1000
    Buffer fund 0/100
    Debt Free (again) 25/072025
  • beanielou
    beanielou Posts: 96,094 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Pooky wrote: »
    I'd speak to your mortgage provider to see if you could wangle keeping your current rate until the end of the term. Is there an early redemption fee? If they can't do anything about the interest they should be able to at least give you a rough indication on what the payment will go up to. At least that way you can sort your budget accordingly.
    beanielou wrote: »
    The early redemption fee finishes at the end of September I think when the fix finishes.

    Interesting conversation today with BS.
    So. They cant yet tell me what payment will be after fix finishes.
    But it will go down considerably to what I pay now.
    REmaining term is on paper about 3 years.
    If I repay early, even though the fix is finished there is an early repayment fee.
    I need to weigh this up with the interest I would pay over the three years.
    Thoughts?
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.     ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • beanielou
    beanielou Posts: 96,094 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    doingitanyway wrote: »
    Great. The bank provided the emergency fund. The universe delivered! Have you sorted your toe or did I miss that bit?

    Ahem. I am keeping an eye my wee toe.
    It seemed not too bad this morning.
    Not so sure tonight.:o
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.     ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • katsoocam
    katsoocam Posts: 136 Forumite
    Eighth Anniversary 100 Posts Name Dropper
    I would just do whatever is cheapest Beanielou. If you have the money stashed you can always pay it off of something changes.
  • beanielou
    beanielou Posts: 96,094 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    katsoocam wrote: »
    I would just do whatever is cheapest Beanielou. If you have the money stashed you can always pay it off of something changes.

    No, I dont have the money stashed.
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.     ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
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