Had a mortgage too long - it's going, going, gone!

sarahevie1

I'm hoping to be mf in a similar timescale as well - good luck with yours. As for your rate its not that bad, certainly not historically. I fixed for ten years in 2007 at 5.99 now that really was silly :rotfl: im about to sign up for a 3.24% mortgage next week and I'm fairly pleased as its all I can get.

Ali-OK

That's a decent drop in rate and frees up some money

I'm thankful for lower rates for sure compared to the previous decades

A_Frayed_Knot

Talking of previous interest rates, came across an old bank passbook (remember those), and makes for interesting reading. In 2008/9 I was been paid over £850 and £720 just in interest:j:j, the next year it dropped to just over £52:eek: for roughly the same amount of money in the BS.
Anyway found I still have £293.49:D that hasn't been touched since 2010. Maybe it will reach £300.00 when I go on Monday to close the account, but will not bank on it, the way interest rates are.

AlexLK

Welcome, newbie.

As a fully signed up, switched on MFW, here is where I am meant to impart my extensive knowledge of becoming mortgage free. However, I've no wish to insult your intelligence.

Ali-OK wrote: »

:rotfl: I'm sticking with my 1.0, 3 cylinder, 50+ mpg, zero road tax runaround now. Saves me a fortune...the sports car was a second car

I thought everyone knew that it needs to have at least 6 cylinders to be called a car.

... and I thought you were meant to be a car enthusiast ...

in_need_of_direction

Hey you cheeky git. My first beloved car was a top of the range 2cv dolly in rhubarb and custard called Molly.
Hi Ali, tracked you down. Expecting even greater things now.

Ali-OK

Ooh £300 is a nice little OP amount to find

Alex :rotfl: Did I read you were starting an S&S ISA? You're ahead of me there if so

It's a MFW car - cheap on everything. V12 toys are in the retirement plan

And I'm taking the new office, so the wheels are turning on that and it's going to be a busy time off work over the coming weeks.

Spreadsheet fiddling done and I am hoping for September's capital payment to be £1065 (paid end of August to maximise interest reduction).

August's capital payment was £975 and went on the 28th July, interest payment came down by £3.10 for the month, or 10p per day.

I'm way behind on the housey stuff, DIYers are working away and DS has actually come out of his room to seek breakfast :rotfl:

Catch up later and have a good day all.

Ali-OK

in_need_of_direction wrote: »

Hey you cheeky git. My first beloved car was a top of the range 2cv dolly in rhubarb and custard called Molly.
Hi Ali, tracked you down. Expecting even greater things now.

:rotfl::rotfl:

First car..hmm..a yellow peril Ford Escort Mk II called Livvy. Classy with it's one wing mirror and go faster black tape :rotfl:. Pretty apt...it's 30 years and 2 days since I passed my driving test. First time too!

No pressure then INOD I'm loathe to set too many goals as I change my mind like the wind and life has too many variables - first one is below £100k by end of next year. The December payment will get it's annual Christmas bonus like last year How much - we'll see how business goes and how my health stacks up

millionaire_in_training

Another one who has followed you. I'm hoping to be joining you on here at some time in the near future xx

AlexLK

in_need_of_direction wrote: »

Hey you cheeky git. My first beloved car was a top of the range 2cv dolly in rhubarb and custard called Molly.
Hi Ali, tracked you down. Expecting even greater things now.

:rotfl:

Ali-OK wrote: »

Ooh £300 is a nice little OP amount to find

Alex :rotfl: Did I read you were starting an S&S ISA? You're ahead of me there if so

It's a MFW car - cheap on everything. V12 toys are in the retirement plan

And I'm taking the new office, so the wheels are turning on that and it's going to be a busy time off work over the coming weeks.

Spreadsheet fiddling done and I am hoping for September's capital payment to be £1065 (paid end of August to maximise interest reduction).

August's capital payment was £975 and went on the 28th July, interest payment came down by £3.10 for the month, or 10p per day.

I'm way behind on the housey stuff, DIYers are working away and DS has actually come out of his room to seek breakfast :rotfl:

Catch up later and have a good day all.

I have indeed started a S&S ISA, it has a total of £400 so far (not counted in savings), hardly going to retire on that.

Driving a 3 pot means you are more committed to MFW than I, then. :rotfl: Not a chance that I'm saving the V12s until retirement.

Glad to hear you're taking the office.

Ali-OK

millionaire_in_training wrote: »

Another one who has followed you. I'm hoping to be joining you on here at some time in the near future xx

Hey MiT :wave: - you'll be bashing the mortgage in no time at all, at the rate you're hitting the debt

Alex, S&S are for the long term. I've still not started down that route and got less years to retirement age :eek: Pension pots ready to be moved to a SIPP...must catch up with Lilty on that one.

Miss Sensible today..who knows if that'll last til mortgage freedom. Least no posters of fast cars on my bedroom wall a la teenage years to tempt me :rotfl:. However, the garage is once again completely clear :T . Where once a sports car lived, it became the collection of clutter from the house...ready for many a car boot that didn't happen

So bull by the horns time and I have:

- taken one small car load to the tip
- filled the car with much booty for the Charity Shop
- listed more booty on Fr33cycle - 4 items taken, 8 to go
- given the Headteacher in our cul de sac trunks full of Thomas the Tank track, engines and carriages and Lego for her school - she is delighted and many children will get to enjoy it

Anyway, a NSD yesterday, washing all dried on line and put away (minimal items to iron), all meals from stocks and a YS duck for dinner and LO tonight.

Should be a NSD today too, tomorrow I am working and trying to clear the office at the same time. Moving the big stuff on Tuesday (with alot of help from a friend with van) to my garage...until new office is vacant which is looking like end of September :eek: So back to working from home study for a few weeks post wisdom tooth extraction/time off with DS/enjoying nearly finished garden