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sarahevie's single quest to mortgage freedom

edited 30 November -1 at 1:00AM in Mortgage-Free Wannabe
701 replies 93.8K views
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Replies

  • sarahevie1sarahevie1 Forumite
    550 posts
    Fifth Anniversary 500 Posts Combo Breaker Mortgage-free Glee!
    ✭✭
    I'm undecided totally about food providers at the minute.. I don't have every choice due to rural living and will probably end up with Mr T again..

    Great news about the house, how are things with the ex?

    I've never done Mr T there's not one near me and always find it looks expensive if I'm in another town. There's a Mr T in bradford that is like something I've never seen with a huge section of Asian produce like 10litre drums of oil, 30kg of rice (its in packs as big as builder's sand) etc.
    Home - Cash purchase £350,000 nov 2018
    Original mortgage free date Nov 2037
    Mortgage free August 2018

    BTL: Purchased £105,000 June 2019 - Rented £625pcm / Relet £650
    Private Pension Pot: £20,000
    Teacher pension - DB scheme
    LGPS pension - DB scheme
  • sarahevie1sarahevie1 Forumite
    550 posts
    Fifth Anniversary 500 Posts Combo Breaker Mortgage-free Glee!
    ✭✭
    After swimming took the girls to the supermarket to choose their tea. They decided on homemade pizza with simple cheese and homemade tomato base, followed by Chocolate crispy buns.

    We also made marshmallow snowmen, very simple, using a large chocolate button and small marashmallow for the hat, two large marshmallows for the body and an edible red lace for the scarf, all attached to a cocktail stick. Lots of fun.
    Home - Cash purchase £350,000 nov 2018
    Original mortgage free date Nov 2037
    Mortgage free August 2018

    BTL: Purchased £105,000 June 2019 - Rented £625pcm / Relet £650
    Private Pension Pot: £20,000
    Teacher pension - DB scheme
    LGPS pension - DB scheme
  • Hi sarahevie,

    I'm new and have been following your thread with interest. I saw your signature and just wanted to say that if you become mortgage free by 35 you will be a hero to me. I'm 36 and am only just starting my journey so you just seem totally amazing to me.

    Nice to meet you :)

    jeanangeo
    MFW
    Mortgage: £140,630 Daily interest: £18.21 OPs so far: £3,300 MFB: 2021
    NST FEB
    NSD: 20/25 OBD: 23/29 Budget: £128/£160
  • sarahevie1sarahevie1 Forumite
    550 posts
    Fifth Anniversary 500 Posts Combo Breaker Mortgage-free Glee!
    ✭✭
    jeanangeo wrote: »
    Hi sarahevie,

    I'm new and have been following your thread with interest. I saw your signature and just wanted to say that if you become mortgage free by 35 you will be a hero to me. I'm 36 and am only just starting my journey so you just seem totally amazing to me.

    Nice to meet you :)

    jeanangeo

    Lovely to meet you jeanangeo please come and play:)

    I'm unsure about 35 to be honest, I have a pretty limited income and no extra time to do any more hours. I'm not sure I could hack another lodger either - but who knows.

    I'll keep plodding though and definitely should be MF by 40, which I'd be pleased with. When I started with an aim for MF by 35, I had the ex and didn't want to deviate from the goal but you have to be realistic when your a single mum of three.
    Home - Cash purchase £350,000 nov 2018
    Original mortgage free date Nov 2037
    Mortgage free August 2018

    BTL: Purchased £105,000 June 2019 - Rented £625pcm / Relet £650
    Private Pension Pot: £20,000
    Teacher pension - DB scheme
    LGPS pension - DB scheme
  • debtfreeonedaydebtfreeoneday Forumite
    3.3K posts
    Part of the Furniture 1,000 Posts Name Dropper PPI Party Pooper
    ✭✭✭✭
    Sorry to hear things are a little testing right now, lovely to hear your girls are thinking of others.. the snowmen sound a lot of fun as well!
    DFW (08/08) £64,346.53 Gone for good (02/19)
    MFW (01/15) £69,853.17
  • sarahevie1sarahevie1 Forumite
    550 posts
    Fifth Anniversary 500 Posts Combo Breaker Mortgage-free Glee!
    ✭✭
    Today I completed my remortgage, so my house is now mine (well Natwest owns about 20% but we'll ignore that for today.)

    It's been a long road to this, as started trying to remortgage back in April, really didn't think anyone would ever give me a loan. Then there's been problems with the title on the house, getting ex off the deeds, survey nonsense.

    Since I employed a specialist broker at the end of August it has gone quicker, mortgage offer 18.9 - and completed today 8.12 - so just less than three months.

    I'm awaiting the letter through the post with my new mortgage amount but with broker figures, solicitor fees added it's approximately £56870.

    Here's to clearing it asap:beer:
    Home - Cash purchase £350,000 nov 2018
    Original mortgage free date Nov 2037
    Mortgage free August 2018

    BTL: Purchased £105,000 June 2019 - Rented £625pcm / Relet £650
    Private Pension Pot: £20,000
    Teacher pension - DB scheme
    LGPS pension - DB scheme
  • Ali-OKAli-OK Forumite
    4.1K posts
    Part of the Furniture Debt-free and Proud!
    ✭✭✭✭
    Congratulations and well done, what a road it's been to get there and all wrapped up in time for a fresh new year :T

    Admire how you handle and juggle everything, hope it's a smoother path going forward :)

    Your snowmen sound great, best I've managed for festive treat for DS is squirty cream on hot choc with some mini marshmallows on top. I must be the least creative Mum ever :o
    Back on the DFW Wagon:

    CC - £3,300 on 0% til 04/2020
    CC - £4,500 on 0% til 02/2019
    Loan - £12,063.84 as at 4/1/18
  • MF by 40 is also very amazing :) even more so as a parent and a single mum on top.

    Congratulations on the remortgage especially as it seems things have been difficult :). That must be a major weight off your mind.
    MFW
    Mortgage: £140,630 Daily interest: £18.21 OPs so far: £3,300 MFB: 2021
    NST FEB
    NSD: 20/25 OBD: 23/29 Budget: £128/£160
  • sarahevie1sarahevie1 Forumite
    550 posts
    Fifth Anniversary 500 Posts Combo Breaker Mortgage-free Glee!
    ✭✭
    It's been a while whilst saving up to pay off ex, reduce the mortgage to put it into my name etc, however today I've had a play with the mortgage calculator.

    My deal is a 3 year fix at 2.54%, if I overpay by £500 a month I'll be MF in 6 years. This is my aim!
    Home - Cash purchase £350,000 nov 2018
    Original mortgage free date Nov 2037
    Mortgage free August 2018

    BTL: Purchased £105,000 June 2019 - Rented £625pcm / Relet £650
    Private Pension Pot: £20,000
    Teacher pension - DB scheme
    LGPS pension - DB scheme
  • beanieloubeanielou Forumite
    71.2K posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭✭
    6 years it is then. ��If anyone can do it you can.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~**
    **Weight loss 2 stone 2 lbs **
    MFW. 10 months to go. B)
    "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.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. ***Be the difference.***
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