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The New Adventures of Fortune
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Congratulations Fortune! Hope the new few months go quickly and smoothly for you!"You won't bloom until you're planted" - Graffiti spotted in Newcastle.
Always try to be nice, but never fail to be kind - Doctor Who
Total mortgage overpayments 2017 - 2024 - £8945.62!0 -
Brilliant news. Well done you.Mortgage at 01.01.14 £119,481.83:eek: today £0 Emergency fund £5.5/5.5k & £200/200 cash.:jWeight 24/02/19 14st 7lb now 12st determined to stop defining myself by my mistakes. Progress not perfection.:T100%through my 1% mortgage challenge. 100% through my pb challenge.0
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Wow :j :j :jI am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
By heck! That is wonderful news Fortune! Bravo :j
Your are an inspiration with your 'moving a mountain a few stones at a time' - and continue to be so. I shall watch - and learn with interest and see if I should cast around and start shifting a few pebbles of mine own!
So pleased for you and MrF
Greying XPounds for Panes £7,305/£10,000 - start date Dec 2023
Grocery Spend August 2025 £94.78/£300
Non-food spend August 2025 £3.75/£50
Bulk Fund August 2025 £0/£100 -
Congratulations, fantastic news :T0
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Congratulations Fortune! xMortgage Balance as of July 2025 £14,900.
Starting Mortgage Balance (June 2019) £72,000.
Aiming to be mortgage free by my 40th birthday, June 2026!0 -
Thank you everyone. We are feeling a little more recovered now. Cried off a trip to London today as we just couldn't face it. Might still have to pay for the tickets but won't have to pay out on travel and meals.
I have spent the morning so far crunching numbers. The plan is to take a 5 year fixed rate mortgage over the longest period available (limited due to our age
). This will give us affordability and flexibility. We will start overpaying immediately though. Because it's a fixed rate we will only be able to pay a minimum of £500 at a time and are limited to 10% annually. So not as flexible as the mortgage we have at the moment but we can make it work and I very much doubt we'd have enough to get to 10% anyway.
There won't be anything to do in the house initially and we have negotiated that curtain rails and curtains will be left. We will need to pay for some appliances though. Some of ours are integrated so we can't take them with us. And we'lll also need to have quite a lot put aside for renovating an outbuilding. This will provide garaging and workshop for Mr F and will need to be completed quite quickly as there is no secure outside storage at the moment.
Scary as we are going back to the mortgage position we were in when we first moved here over 10 years ago :eek: I know we'll be ok though and all the things I've learnt from MSE will help.
A trip to the attic is planned this afternoon to find more things to sell
We've definitely moved some stones now Greying and even though there is the physical move to come I feel as though we are half way through at least.
Happy weekend all.
Fortune xMortgage: 100% paid Emergency Fund: 100%
A Better View 🌄 'Being on the edge isn't as safe, but the view is better' - Ricky Gervais0 -
I didn't expect to see this sentence so soon. Well done Fortune. So pleased for youFortune_Smiles wrote: »Thank you everyone for the advice - it's really appreciated.
I can now confirm - we have found a house and our offer was accepted today :j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:D If you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them
Emergency fund 100/1000
Buffer fund 0/100
Debt Free (again) 25/0720250 -
Brilliant news Fortune.
Which area did you choose in the end?
Tilly xx2004 £387k 29 years - MF March 2033:eek:
2011 £309k 10 years - MF March 2021.
Achieved Goal: 28/08/15 :j0 -
Great news, FS!
x I am the master of my fate; I am the captain of my soulRepaid mtge early (orig 11/25) 01/09 £124616 01/11 £89873 01/13 £52546 01/15 £12133 07/15 £NILNet sales 2024: £200
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