Cazmanian_minx's MFi3 diary

shopgirl2512

Well done! Glad to hear you are treating yourself!

StuartGMC

Caz
Excellent news it must be such a relief. Looks like your plans are sound for the new challenge and nice to see you treat yourself too!
Enjoy.

cazmanian_minx

Right, new sig time

All my debts are paid off, the completion statement has arrived and been forwarded to my solicitor so she can check my calculation of what I have to pay the ex, the balance has been transferred into my offset account and I've opened a ShareBuilder account which I'm going to dribble £150 a month into.

Quite a productive morning and I'm looking forward to blitzing this new mortgage - I've got new challenge-itis again! :j:j:j:j

Caz

groatie_queen

Excellent news, congratulations on your new very tidy sig!!:T :T

Best wishes

GQ xxx:D

SmlSave

You're so organised - Well done:T

gallygirl

That's great Caz, you've been in limbo for so long it must feel great to be able to focus again. Let's all fight the good fight together :beer:

cazmanian_minx

Thank you Bank of England MPC :j:j:j:j:j:j:j

And thank you Intelligent Finance for a 25-year base rate tracker mortgage :T:T:T:T:T:T:T

We've got it set up so that if there's a base rate cut our payments remain at the same level, so by doing absolutely nothing, we're going to be overpaying by about £300 a month

Caz

StuartGMC

Caz
Very good news for the mortgage sector for those on BOE Base Rate trackers and presumably those on Bank Base Rate versions. Our £21.3k remaining is on NatWest offset rate which I note they were very late in reducing following the previous cut. I doubt they'll cut rapidly especially as RBS report their first loss in 300 years... just another incetive to clear it even faster!

setmefree2

cazmanian_minx wrote: »

Right, new sig time

All my debts are paid off, the completion statement has arrived and been forwarded to my solicitor so she can check my calculation of what I have to pay the ex, the balance has been transferred into my offset account and I've opened a ShareBuilder account which I'm going to dribble £150 a month into.

Quite a productive morning and I'm looking forward to blitzing this new mortgage - I've got new challenge-itis again! :j:j:j:j

Caz

That's a good signature - I might change mine...*thinks*

Good Luck

cazmanian_minx

I've had a productive couple of days

Firstly, I've finally got round to setting up a FinancialBliss spreadsheet (thank you FB - couldn't have done it without your instructions!), tweaked it to take account of the offset amount and had a happy time playing around with various scenarios. For example, the £86 I've just put in there, which is my savings for tax on this week's income, knocks £130 off the total interest paid.

Secondly, I've bought my first share, £150-worth of BP, and I'm up £1.74 already Now got to think about what my second one will be. I'm torn between Marks & Spencer, who I think will be in the doldrums for a couple of years but will come out OK at the other side, or a more speculative punt into a company called International Power plc, who wholly own the company that's just secured the grid connection to build a 10-megawatt tidal farm up here in the Pentland Firth. I need to do some more research into that one, but they've already set up an office in Thurso and are planning to have it operational by 2011. I do like the idea of investing in something that's going to bring work locally, but in the interests of diversification, it might be better to step away from energy until I have a few other sectors covered.

And thirdly, I've got some more transcription work on the way, which hopefully will pay for Christmas! (Which reminds me, I have two outstanding invoices to chase up...)

Caz