Dogbooks' Diary to be Mortgage Free! 22 May 2017 at 4:19PM in Mortgage-free wannabe 24 replies 3.5K views

Dogbooks

Hi all,

I've been so inspired reading all your diaries and as we exchanged today I thought I would celebrate by creating my own diary to join you all! :rotfl: Due to complete on Friday :j:j

OH and I have bought the house, and we will also have the addition of my mum's dog moving in with us when we've settled in, which I am very excited about.

We've bought our first house for £200,000k, taking out a mortgage for £180k currently to be fully paid in 27 years (which is scary as that is longer than I have been alive for haha!) However, hoping to get rid of it as soon as possible.

I'm not yet setting a target- I'm going to wait until we have fully moved in and sorted bills etc and seeing what I have leftover. I'm not sure which date we will be moving in yet- we're renting our current place until the end of June so we have a lot of flexibility. We're hoping to get a new floor in the ground floor before moving.

I'm also saving up the EF to cover any essential house works- I currently have £900 in my fund and OH has a similar amount, however we're waiting for the solicitors to refund us 2k back (they hadn't included the Help to Buy Bonus in the statement) My plan is any extra money half is for the EF and half is for OP but we shall see how that goes

Cannot wait to share this journey and looking forward to getting to know more people on this thread!

lippy1923

Yay congrats I will be lurking with interest. Keep us updated on all your progress.

Frugal_Foodie

Congrats on exchanging. :T
I have been lurking this forum for a few months now waiting eagerly for ours to exchange so i can start my own thread. We're in a pretty similar situation to you so look forward to reading your updates :j

Dogbooks

Thank you Lippy1923- I'm looking forward to reading more of your posts and learning lots of useful tips!

Frugal Foodie- Fingers crossed your exchange happens as quickly as possible and we can do this together haha!

Quite excited for the first mortgage payment to come out in June to start knocking it down, I''m sure I will regret saying that soon haha! I should also start thinking about packing some time soon... :rotfl:

Kittenkirst

Welcome to the board Dogbooks! I've had my mortgage since October and am still excited by every mortgage payment (& more so by every teeny tiny overpayment!) as I just think of that extra little bit of house that's ours with each payment

Best of luck for your completion on Friday!

freshcotton

Good luck.
Nothing like a good overpayment now and then. It's addictive so enjoy

Elephantchunks

Congrats on getting an exchange date & good luck with the move Dogbooks.
We have just had our chain completed today so hope for an exchange date very soon. I will be reading your updates as we're in a similar ish position.

Miss_D_Meanour

Congratulations on your exchanged and soon to be completed house purchase and best wishes for a joyful future in your new home.
Good luck with your over payments
MissDM

Dogbooks

Thank you all for the lovely messages, definitely feeling the love and inspiration! Cannot wait for Friday after work to get those keys! :beer:

Nothing yet to update except OH won £90 of Amazon vouchers from his work. We also gained an additional £16 of vouchers by trying out drinks filling out surveys :j Not strictly overpayments but it's less money buying things for the house. I've managed to convince him a cordless hoover is a real investment for the house haha! (That and a dining table is on my essential house purchases list.)

I found a great deal on flooring as the downstairs of the house has old manky carpets- I receive a discount at work for a flooring supplier and they have sale on some flooring this weekend, so hoping to save some serious cash! My plan is to go away this weekend to meet some friends and let OH put down some new flooring. Win win for me haha!

Money wise I currently have £590 left in my current account and £900 as emergency. OH has £300 to his name. Solicitors have confirmed we will receive £2100 back from them which is a relief The plan is:

• Pay for bills for our current rented house
• Pay the bills/ mortgage for June for our new house
• Pay for the new flooring
• Build up the emergency fund- Currently £950 earmarked
• Hit the OPs!

Thanks for reading- no news turned into a lot of words today! :rotfl:

Miss_Money_Magnet

Good luck on your mortgage free journey. Like you we have taken out a mortgage over a long period, but I intend to try to make decent regular overpayents as soon as we've completed all the initial renovations!!

Dogbooks

No news today... OH WAIT WE COMPLETED :beer::j:j:j

It was really surreal to just sit in the garden and for it to finally sink in!

I'm going away to Yorkshire this weekend (a lot of travelling shall be worth it for a reunion with friends!) and I'll be back on Tuesday. Have a lovely Bank Holiday all!!!