Forum Home» Mortgage-Free Wannabe

sarahevie's single quest to mortgage freedom - Page 70

New Post Advanced Search

sarahevie's single quest to mortgage freedom

edited 30 November -1 at 1:00AM in Mortgage-Free Wannabe
723 replies 97.2K views
16768707273

Replies

  • sarahevie1sarahevie1 Forumite
    577 posts
    Fifth Anniversary 500 Posts Combo Breaker Mortgage-free Glee!
    ✭✭
    Just spent some time sorting out some financial admin. I've paid another £200 towards DD1s residential with school. £134 for the dance exams.

    Also there's been a hiccup about obtaining the BTL mortgage to buy another BTL. My first choice lender don't like my different income streams, well I don't blame them, I find it complicated too:rotfl:

    Anyhow my flat is being valued on Wednesday (I'm releasing some equity to fund the deposit on the new house.) If it goes through (at the moment who knows) I will be back with a mortgage of £170,000.

    However, once the mortgages are paid I will be retiring and I will be financially free. This sounds more confident than I feel but I've been putting myself out of my comfort zone a lot this year as I feel such a fraud encouraging kids (mine and other people's) all day to do things they find tricky/hard whilst avoiding doing things I find uncomfortable. Hence why I've been going to the gym despite it putting me out of my comfort zone.

    I've also been putting together a proposal and I'm going to apply for a phd, again, not sure whether I can do this, but sometimes it's worth trying.

    I think I've buried things I want to do for a while for fear of failing but if we're going to push our kids for their greater good, then it's only fair to do the same to ourselves.

    DD3 has been put on an intensive programme for reading, writing, spelling that I've been doing with her for 2 hours every night. As a probable dyslexic she hates it, it's not much fun for me either, but there is progress so will keep plodding, it's beneficial. I can't keep singing the virtues whilst hypocritically not improving things I need to work on.
    Home - Cash purchase £350,000 nov 2018
    Original mortgage free date Nov 2037
    Mortgage free August 2018

    BTL: Purchased £105,000 June 2019 - Rented £650
    BTL purchased July 2020 - New £170,000 mortgage - Rented £795
    Teacher pension - DB scheme
    LGPS pension - DB scheme
  • sarahevie1sarahevie1 Forumite
    577 posts
    Fifth Anniversary 500 Posts Combo Breaker Mortgage-free Glee!
    ✭✭
    Gym keeping up with it, only managed 14 times this month. Had a hard time of late as mother in law died suddenly in the middle of the month, so kids now have no grandparents on their dads side, and she wasn't particularly old so not something you expect with generally people living longer. I also lost my Grandad's brother so that was upsetting, although he was 95 and lived independently until the end so I at least felt comfortable in a life well lived. Was really fortunate that the weekend MIL died my best friend from uni was with us as not sure I would have coped without her. 

    I'm continuing with going out a bit more been out for cocktails, a house party (in memory of a friend that died last year aged 34.) A weekend with my old uni friends, and lunch a couple of times with old work colleagues. Still enjoying my job. Have booked to go to the balearic islands at May half term. Got a wedding in April so a few things to look forward to. 

    Spends 2018- £15883.83

    2019 - £17785.75

    2020 £3034.70
    Home - Cash purchase £350,000 nov 2018
    Original mortgage free date Nov 2037
    Mortgage free August 2018

    BTL: Purchased £105,000 June 2019 - Rented £650
    BTL purchased July 2020 - New £170,000 mortgage - Rented £795
    Teacher pension - DB scheme
    LGPS pension - DB scheme
  • beanieloubeanielou Forumite
    72.9K posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭✭
    Glad that you are getting out & about. 
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~**
    **Weight loss 2 stone 2 lbs **
    MFW. 9 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.***
  • teabodyteabody Forumite
    208 posts
    Tenth Anniversary 100 Posts
    ✭✭
    Hiya, 
    Look forward to your posts! 
    Only 14 times eh? 14 times more than me!
    Sorry to hear your sad news. Keep going x
  • debtfreeonedaydebtfreeoneday Forumite
    3.4K posts
    Part of the Furniture 1,000 Posts Name Dropper PPI Party Pooper
    ✭✭✭✭
    Love the goals for this year and the positively!  Nice to see you back !
    DFW (08/08) £64,346.53 Gone for good (02/19)
    MFW (01/15) £66,402.32
  • sarahevie1sarahevie1 Forumite
    577 posts
    Fifth Anniversary 500 Posts Combo Breaker Mortgage-free Glee!
    ✭✭
    Been stuck at home the last week. As a keyworker I have been into school two days, but we have so few children and with three dependents of my own off school I'm not required this week. Feel a bit of a fraud receiving full pay when I've been off work a week, but these are strange times.
    In the aim of living more, I had booked to go to Mallorca at April (it's been cancelled but despite being offered the refund and acknowledgement of the request. It still has not been processed. Said it could take 20 working days.) 
    The wedding I was going to in April has also been cancelled and Ibiza at half term I think will be off the agenda too. 
    So what have I been up to? Well homeschooling which has been fine. I appreciate that this is tricky for most, but we spend a lot of time at home anyway so it's more of the same for my kids. I've actually enjoyed not traipsing the girls to activities five times a week. I kept up the gym (til it shut) was going at least 5 times a week. Have replaced this for one walk a day (hardly the same) but vital non the less to keeping inside. I've read two books in the last week. I've played in the garden. My house is spotless (well mostly) but I have been spending 4 hours a day cleaning it whilst the girls have been working/playing. I'd love to be decorating the final three bedrooms but don't have the equipment and as it's non essential haven't been able to buy. 
    I've even been completing the online OU courses (free ones obvs) just for something to do. I've decided that this is the year I'm applying to do my PhD I started in 2009. I won't be doing the same, but this time I'm hoping that I'll get it finished. It'll be a huge commitment financially but it's the one thing I actually want to achieve. (After four close deaths in three years I've been really thinking about making right any regrets and this is one of them.) I don't regret the promise I made that I would devote my life to DD2 when she was given 8% of survival; which meant abandoning a job I loved and my  PhD but that seems a lifetime ago and it was ten years ago when I sat by that river sobbing. I think that the time is now right as I'm not getting any younger so it's worth an application. 
    I've spent £2277.41 this month. (Included flights to Alicante Feb 2021, and the holiday to Mallorca (which I should be refunded.) Without these I'd have spent a respectable £1250. 

    2018 £15883.83
    2019 £17885.75
    2020 £5312.11
    Home - Cash purchase £350,000 nov 2018
    Original mortgage free date Nov 2037
    Mortgage free August 2018

    BTL: Purchased £105,000 June 2019 - Rented £650
    BTL purchased July 2020 - New £170,000 mortgage - Rented £795
    Teacher pension - DB scheme
    LGPS pension - DB scheme
  • A_Frayed_KnotA_Frayed_Knot Forumite
    3.2K posts
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    ✭✭✭✭
    Shame about all the holidays that have been cancelled, but at least you weren't away on one when all this erupted.
    Such a weird world today, sometimes when watching speeches, I think I'm watching a film.
    Where do you shop, just asking as my nearest shop is @ldis, which have a great variety of non essential items in store, this week, they had paint brushes/rollers, paint etc, so may well help you, as my mum wanted to decorate and was looking for paint but shops closed that night, brother had some in shed, luckily.
    Your daughters are very lucky to have you, especially DD2 as you managed to pull her through a very small percentage rate of survival.
    Stay safe.

    Always have 00.00 at the end of your mortgage and one day it will all be 0's :dance:
    MF[STRIKE] March 2030[/STRIKE] Yes that does say 2030 :eek: Mortgage Free 21.12.18 _party_
    Now a Part Timer from 27.10.19
  • sarahevie1sarahevie1 Forumite
    577 posts
    Fifth Anniversary 500 Posts Combo Breaker Mortgage-free Glee!
    ✭✭
    There's one thing about lockdown it's cheap! I've only spent around £900 this month. I've started on the decorating, I've only re glossed the wall of built in wardrobes in my bedroom and DD1s. Also the door into my lounge as it was yellowing. I've also got DD1 secondary ready by sourcing her a second hand PC /printer and I've bought her a new desk and set it up for her. One side has three bookshelves and the other has three drawers so it's like an office one but should be very practical for her needs. In my bedroom I've stripped the wallpaper, was really worried about the state of the plaster underneath but it's fine. I've filled a few sections and hope it will look ok once painted. In work part time next week and full time the week after. I've applied for two jobs this week, as my fixed term ends in July. Not too worried about employment as I've always managed. Finally had my gas/electrc refund £343 also £327 back from on the beach for the hotel in Mallorca. I've been issued with a voucher for my Ryanair flights. Think this is unfair but I'm following the threads on here with interest eventually I should be refunded. 

    £2018 £15883.83
    2019 £17885.75
    2020 £5541.96
    229.85 - spent this month after refunds received.
    Home - Cash purchase £350,000 nov 2018
    Original mortgage free date Nov 2037
    Mortgage free August 2018

    BTL: Purchased £105,000 June 2019 - Rented £650
    BTL purchased July 2020 - New £170,000 mortgage - Rented £795
    Teacher pension - DB scheme
    LGPS pension - DB scheme
  • debtfreeonedaydebtfreeoneday Forumite
    3.4K posts
    Part of the Furniture 1,000 Posts Name Dropper PPI Party Pooper
    ✭✭✭✭
    Glad you are doing ok!
    DFW (08/08) £64,346.53 Gone for good (02/19)
    MFW (01/15) £66,402.32
  • sarahevie1sarahevie1 Forumite
    577 posts
    Fifth Anniversary 500 Posts Combo Breaker Mortgage-free Glee!
    ✭✭
    Back at school for me tomorrow! 
    Have been assigned a Year 6 bubble, I'm really excited about this as I'll have this 'class' for the whole half term, including my own classroom.  Was told by my direct line manager that it's my class and get the room, routines how I want. 

    Haven't had my own classroom for two years as last year I was on supply and this year I do PPA cover/management time so I teach full time but don't have 'a class.' I'm feeling very excited but know last time I had my own 'class' I wasn't good at the whole work/life balance and spent a lot of time on my 'classroom.' I like the whole creative displays and spend a lot of time researching them and then hours resourcing so trying not to go too mad! On the plus side there's only 15 in my bubble so less demanding in terms of differentiation. 

    If lockdown has taught me anything it's that I will definitely be retiring as planned in approximately 11 years time (aged 46). I have absolutely loved part time work and being at home in my garden. I've always known I'm no spender but even I've been surprised at how little you can have fun on. Been extending the daily exercise this past week in line with government guidance and have spent three gorgeous days on the beach. So lucky on the East coast that there was hardly anyone there at all, it was actually much easier to social distance in than the village I live in. 

    I've decorated two bedrooms, so just two left to do and my house will be finished. There's a couple of jobs I need specialist help with new fascias soffits, re plastering the kitchen ceiling after a plumbing issue but nothing major and can all wait. 

    I've also re let my flat in 4 days. Ended up having four viewings and three wanted it. I used the Open rent system for the first time ever and it was amazing. £29 and it was advertised on Rightmove, Zoopla, gumtree, Open rent. Applicants contact via the system and then you phone them back and arrange a viewing. I had around 20 enquiries. Then you can pay extra £20 for the system to reference and a further £20 if you want to use their contract. I didn't as I've been landlording 13 years so have my paperwork how I like it. 

    I'm still in the process of buying a second BTL I offered on December but I'm very close to pulling out, I like being mortgage free and I'm not sure I want a £170,000 mortgage right now with the uncertainty. However, the house I'm buying would be ideal for retirement and the plan would be to clear the mortgage in 11 years and then be set up to retire; will see what the coming weeks bring. If my mortgage gets pulled I certainly won't look for another. 

    Spent £1027.04 really chuffed with this as spent £220 on materials to do the bedrooms and the girls have all needed new summer clothes. 

    £15883.83 - 2018
    £17885.75 - 2019
    £6569 - 2020
    Home - Cash purchase £350,000 nov 2018
    Original mortgage free date Nov 2037
    Mortgage free August 2018

    BTL: Purchased £105,000 June 2019 - Rented £650
    BTL purchased July 2020 - New £170,000 mortgage - Rented £795
    Teacher pension - DB scheme
    LGPS pension - DB scheme
Sign In or Register to comment.

Quick links

Essential Money | Who & Where are you? | Work & Benefits | Household and travel | Shopping & Freebies | About MSE | The MoneySavers Arms | Covid-19 & Coronavirus Support