Was Mortgage Free until 52!!!

mrsp1987

Mines just shy of £1400 for a 3 bed detached house - not single occupancy though. So, not a million miles away from what yours would be if you were paying 100%.

Luckyinlife

mrsp1987 wrote: »

Mines just shy of £1400 for a 3 bed detached house - not single occupancy though. So, not a million miles away from what yours would be if you were paying 100%.

Ya mine would be 1200ish so not to far away
my mums on a detached 4 bed dorma bunglo is £2400 :eek::eek::eek::eek::eek::eek::eek::eek:

A_Frayed_Knot

bexster1975 wrote: »

Hello AFK
I am looking to buy a place abroad in the next 6 months too so lots of exciting moving forward.
Bexster

What :eek: You just said - far less exciting than I think.
Wrong - This is as exciting as it could be :j :dance: _party_ I need to know more, what, where, when etc, etc

AlexLK wrote: »

Frayed Knot, you've managed more than I this month.

Maybe so, but you do have your Challenge 1 £££, and the deadline has not finished - yet so you could be overtaking me anytime soon will this be going to o/p or earmarked for something else?

Luckyinlife wrote: »

i agree afk you cant overpay to much if you cant get it back this is the part that scares me really
Well i cant anyway could you ?
i had my council tax this week also shall we share information lol i know it has no relivence at all but interesting
mines around £980 a year for a 3 bed semi with my 25% single discount lol

LiL - I know I'm allowed to reduce/stop my mortgage payments until the amount I have o/p catches up with, if I had been paying my normal amount of mortgage - does this make sense to you.
And I can also apply for a holiday period - which means in effect - I would be claiming my money back. So doesn't scare me - my name is - i'm not afraid :rotfl:
What part actually scares you - I just ask myself - worse case scenario - how much would I need in an emergency - so long as that's covered - i'm not afraid :rotfl:
So in answer - yes I could o/p and not worry about it - I already done this and left myself scarily low on my EF :eek: but have enough to cover myself for any emergencies

Council tax - mine is £1460 for a 3 bedroom, and have not been very MFW regarding this.

bexster1975

I'm visiting Italy with a view to buying a place. With no mortgage here and a significant Payrise, it seems like a good idea really.

I will wait to buy until after the referendum I think ( see how the land lies). Initially as a holiday home and rent out to family and friends for holidays. If I can get somewhere with space, I would like to live abroad permanently eventually and run a B and B type of retreat to pay the bills.

Continuing to dream. Hope you are enjoying the long weekend

Bexster

Luckyinlife

LiL - I know I'm allowed to reduce/stop my mortgage payments until the amount I have o/p catches up with, if I had been paying my normal amount of mortgage - does this make sense to you.
And I can also apply for a holiday period - which means in effect - I would be claiming my money back. So doesn't scare me - my name is - i'm not afraid
What part actually scares you - I just ask myself - worse case scenario - how much would I need in an emergency - so long as that's covered - i'm not afraid
So in answer - yes I could o/p and not worry about it - I already done this and left myself scarily low on my EF but have enough to cover myself for any emergencies

Council tax - mine is £1460 for a 3 bedroom, and have not been very MFW regarding this.

Ya makes total sense AFK
I may ring them and ask them see what they say it does say just so i know really
I see what you mean ya. for me i just feel very comfortable with my emergency fund in place now. And being self employed because my incomes verys from day to day month to month. i guess iv gone from debt to owning 40% of my house to having a EF and its a good place from where i have been before
but you know if i dont do this garage now this year ill chuck a bit at it so not scared just holding back you know
not much you can do with coucil tax is there AFK :[

A_Frayed_Knot

"Follow your Dreams"

:j :j

A_Frayed_Knot

[QUOTE=Luckyinlife;70384932
not much you can do with coucil tax is there AFK :[[/QUOTE]

You have to be comfortable with what choices you decide, in my case, although I was comfortable in my choices/decisions (maybe too comfortable) at the time, I now wish I had someone (myself) who "shoved" me just that little bit harder. I am now paying 100% more (with o/p included) than I was when first starting to pay my mortgage, only 4 years ago, with a 1% rise in salary each year.

Now wondering where I would be with mortgage, had I paid what I am now paying, at the start of my mortgage. Away to investigate.

Council Tax - I could get a 25% discount

Luckyinlife

Ohh do tell us. also tell us how much you would still ow if you never overpayed i bet this one will cheer you up no end :]

I think they would back date council tax afk my friend recently never even knew he could get a discount after his wife left him and they backdated it 4/5 months for him

AlexLK

Every overpayment is a bonus. I wouldn't try to calculate how much less you'd owe had you started the overpayments when you took out the mortgage as it may be demoralising.

Must say I detest paying council tax and can't see why it's based on property value. Personally, I think it'd be fairer for everyone to pay the same rate. We pay c.£1,700 p/a in council tax but my parents have a c.£3,000 p/a bill for it. :eek: Seems like a lot of money to have the bins taken when they wish. Recently we've had them changing the day. :mad:

A_Frayed_Knot

OK - lesson learnt

If I paid what I paid at the start of the mortgage with no o/p's I would be MF - May 2029 :eek:

If I paid double at the start of my mortgage - with no o/p's - I would be MF - April 2021 :eek:

Now - paying what I do without o/p's - MF date is Oct 2023

Now - pay what I do plus o/p - MF date Feb 2020 - my way - just now

Which leads me to think - my way is the right way :rotfl: