Ruby's Bought a House, Now I want to Own It!

edited 30 November -1 at 1:00AM in Mortgage-Free Wannabe
268 replies 13.3K views
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  • caelercaeler Forumite
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    Oh wow that is fantastic news!  How early can they switch you over?!  @ruby_eskimo
    Mortgage started on 17 December 2012 at £169,000 with a 25 year term finishing in 2037
    Mortgage Repaid on 20 April 2021
    Click here to visit my Mortgage Free Wannabe Diary
  • ruby_eskimoruby_eskimo Forumite
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    caeler said:
    Oh wow that is fantastic news!  How early can they switch you over?!  @ruby_eskimo
    I know, was thinking they'd offer us something around their SVR , which would still be 1% lower than our current rate but was pleased to see that the progress we've made is paying off, especially since our only debt now between the two of us is the mortgage.  We have to wait another 5 months before they can switch us over but they said it would be the same deal "most likely" if our circumstances stay the same.  DH is actually applying for a new job at his company which if he's successful (and he's fairly confident based on the initial feedback he's had from the recruiting managers) will be a £5k pay rise for him which can only help.
    Emergency Fund - £6,100 / £10,000 :: Total Mortgage OP - £3566.50
    LISA 2021 - £1671 :: NSD September - 2 / 20 :: Weight Loss: 35 / 58lbs :: Decluttering - 1177 / 2001 ⭐⭐⭐⭐⭐⭐⭐⭐🏅🏅
    Engaged 9th December 2010 :: Married 29th October 2015 :: Bought a House 13th January 2017
  • ruby_eskimoruby_eskimo Forumite
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    The LISA for 20/21 is maxed out 🥳  Wouldn't even have managed to save that much if I hadn't been working from home for the last year or so.  That money would only have been paying 2/3rds of my season ticket so happy to have it doing something for me instead; the rest of the "extra" cash has gone into OP's.  

    After the regular payday shuffle I've also hit my overall savings target for the year 🎉🤯  I've not quite filled the emergency fund but I've gone over in other categories like the Holiday and House pot which can be called upon in an emergency anyway.  Need to try and work out what my goals for the next financial year are, but I already have an overall target in mind.
    Emergency Fund - £6,100 / £10,000 :: Total Mortgage OP - £3566.50
    LISA 2021 - £1671 :: NSD September - 2 / 20 :: Weight Loss: 35 / 58lbs :: Decluttering - 1177 / 2001 ⭐⭐⭐⭐⭐⭐⭐⭐🏅🏅
    Engaged 9th December 2010 :: Married 29th October 2015 :: Bought a House 13th January 2017
  • South_coastSouth_coast Forumite
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    Whoop, whoop - well done 🥳🥳🥳! I can imagine going back to paying that for a season ticket at some point in the future is going to be very ouchy though 😮!
    Mortgage start: £65,495 (March 2016)
    Cleared 🧚‍♀️🧚‍♀️🧚‍♀️!!! In 5 years, 1 month and 29 days
    Total amount repaid: £72,307.03

    Finally earning interest instead of paying it!!!
  • ruby_eskimoruby_eskimo Forumite
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    Thanks SC!  Hopefully (🤞) I won't actually have to go into the office that much going forward - they're taking away half our desks so there won't be that much space anyway!  Looking at probably 1 day a week and to be honest I'd be willing to drive into London for that; not only is it quicker but the £15 a day to park plus petrol is a lot cheaper than the £40 train fare!
    Emergency Fund - £6,100 / £10,000 :: Total Mortgage OP - £3566.50
    LISA 2021 - £1671 :: NSD September - 2 / 20 :: Weight Loss: 35 / 58lbs :: Decluttering - 1177 / 2001 ⭐⭐⭐⭐⭐⭐⭐⭐🏅🏅
    Engaged 9th December 2010 :: Married 29th October 2015 :: Bought a House 13th January 2017
  • South_coastSouth_coast Forumite
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    £15 parking 🤯! Good old London 🤣!
    Mortgage start: £65,495 (March 2016)
    Cleared 🧚‍♀️🧚‍♀️🧚‍♀️!!! In 5 years, 1 month and 29 days
    Total amount repaid: £72,307.03

    Finally earning interest instead of paying it!!!
  • ruby_eskimoruby_eskimo Forumite
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    That's actually pretty cheap for an entire day in Central London too!  Kind of makes me miss the days when I could claim parking and mileage as an expense!
    Emergency Fund - £6,100 / £10,000 :: Total Mortgage OP - £3566.50
    LISA 2021 - £1671 :: NSD September - 2 / 20 :: Weight Loss: 35 / 58lbs :: Decluttering - 1177 / 2001 ⭐⭐⭐⭐⭐⭐⭐⭐🏅🏅
    Engaged 9th December 2010 :: Married 29th October 2015 :: Bought a House 13th January 2017
  • ruby_eskimoruby_eskimo Forumite
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    Happy St. David's Day!  First of the month is here again (really can't believe it's March already) and the money shuffle has been completed.  Just have to wait till the mortgage payment clears tomorrow to see how much I need to OP to round it off a bit.  But we're finally on the home stretch when it comes to getting the EF to the initial £5k mark. 

    I've looked at the savings targets for the next financial year and most of them I want to keep the same as last year e.g. double the overall total but save the same as I did last year.  I think this is doable if I keep to budget and stop spending on the frivolous things.  I managed the 20 NSD's in February and will be aiming for the same again in March, although I did just buy a gift for a friend who's currently pregnant and all her family live overseas so thought she might need a little pick me up.  For those interested it was some Mama Mio body care bits that I found a 20% discount code for so very MSE 👍
    Emergency Fund - £6,100 / £10,000 :: Total Mortgage OP - £3566.50
    LISA 2021 - £1671 :: NSD September - 2 / 20 :: Weight Loss: 35 / 58lbs :: Decluttering - 1177 / 2001 ⭐⭐⭐⭐⭐⭐⭐⭐🏅🏅
    Engaged 9th December 2010 :: Married 29th October 2015 :: Bought a House 13th January 2017
  • ruby_eskimoruby_eskimo Forumite
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    £204.51 overpayment sent to the mortgage this morning, giving a nice round £250,400 left to go 😳 

    Car insurance renewal quote has come in and it looks like I'll be saving over £100 this year - just need to go to a few comparison sites and see if I can get a cheaper deal elsewhere now.  Feel a lot more comfortable with a £300 annual bill compared to the almost £800 I had to pay when I had an accident a couple of years ago!
    Emergency Fund - £6,100 / £10,000 :: Total Mortgage OP - £3566.50
    LISA 2021 - £1671 :: NSD September - 2 / 20 :: Weight Loss: 35 / 58lbs :: Decluttering - 1177 / 2001 ⭐⭐⭐⭐⭐⭐⭐⭐🏅🏅
    Engaged 9th December 2010 :: Married 29th October 2015 :: Bought a House 13th January 2017
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