Excited to try and be mortgage free

hiddenshadow

chumpy45 wrote: »

Once you get the MFW bug, it really makes you wish you had done it years ago!

No kidding - I plugged in our planned OP for 2016 into our original loan amount and we'd have 25k less on our mortgage if we'd been doing it from the start! (We did OP from the start, but not nearly so aggressively.) On the other hand, we wouldn't have been able to redecorate/renovate the house, so I'm glad we got that done first so that we can enjoy the house while pushing to pay it off.

chumpy45

Thank you so much. Love reading all the posts on this forum. They make me laugh and have completely changed my attitude to spending. Am now impatiently waiting for the end of the month so that I can discover what my new monthly income will be from the fixed term contract. Wasn't paid at all last month as the paperwork wasn't completed in time :eek: so a lot of jiggling to do to put things straight.

hiddenshadow

Oh dear, I hope the pay sorts itself out soon!

chumpy45

Just been feeling pleased with myself for getting on top of money/spreadsheets/OPs etc., when I realised I had paid way over the odds for some replacement light bulbs I bought yesterday. They were purchased from a local DIY store, and just by chance searching on Amazon I found the same product for 1/3 of the price :mad: Lesson to self - always check before you buy. On a positive note, we can now see again in our lounge :rotfl: Very annoying but lesson learnt!!

Sdav

Hello chumpy, just had a read through and want to wish you all the best on your way to becoming MF, I'm also in this to, so its always nice to have others to draw inspiration from so will be following you on your way .

Regards
Dav.

chumpy45

Thank you Dav. Also great to hear from other MFWs Would never make it through without all the encouragement and motivations from this forum. Good luck with your journey !

chumpy45

So after much chasing and many frustrating phone calls with my building society, I finally received my letter setting out current outstanding balance etc. I was then advised, that although they don't have an on-line facility themselves, I could apply for internet banking with a well known bank and access my mortgage account balance that way. This was very exciting as there is something really satisfying about seeing that balance drop, and I have read lots of posts about MFWs paying off small amounts and large amounts almost on a daily basis and thought that sounds great. So after battling my way through the online registration system, I discovered that I had yet again been given incorrect information, and that that particular facility had been withdrawn one year ago :mad: I am left with having to send a cheque or make a card payment over the phone, and then wait for the building society to send me a letter (haha) confirming the new balance How disappointing, was all geared up for checking my balance at least 100 times a day (well that's how often I check the mortgage OP calculator :rotfl:) Never mind, just have to wait until my DH has one full year of self-employed accounts and then we can switch !!

Luckyinlife

hi chumpy i just remortgaged now to a main bank and can now see it online :] as you say it is a metal note to keep chipping away at it and seeing it drop

wait till you can switch also keep phoning up for the balance for
great MF DATE as well wow

pennystretcher

chumpy45 wrote: »

I have managed to secure a fixed term contract for 12 months :j

:T well done that's good news

Just a wee thing that might work for your advantage - considering how long you have been contracting for same company and now being fixed term - your employment rights may be elevated from "standard"... Can't quite remember the details but after you have been working as a contractor for same company (pending an hours a year or something) you pretty much are considered as a full time employee..... I'll see if I can find further on this and post as and when I discover the clauses I find...

chumpy45

Thank you Pennystretcher - that's really useful. I will definitely look into that