Happytails' MFW diary! I haven't got the keys yet!

happytailshappytails Forumite
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Hi all,

Thought Id come set up my diary here! We are in the process of buying our next house and selling our first home!! Our mortgage will be jumping up from £72k to £162k :eek: And to start e are adding 8 years back onto the term of the mortgage. Seems a little backward but needs must as the family is growing!

At present I'm just waiting for the mortgage to be approved.

Our monthly payments will be £586.99 so going to round off to £600 to start.

Sarah :beer:
DFW Total £21,800 to clear by Dec 2022
MFW Total £184,950 £179,066 to clear by 2035

Replies

  • happytailshappytails Forumite
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    Mortgage was offered today! Awaiting forms/docs to fill in! But YAY - more than doubling my current outstanding mortgage but the interest rate is lower & its our forever home! :T
    DFW Total £21,800 to clear by Dec 2022
    MFW Total £184,950 £179,066 to clear by 2035
  • pinkypigpinkypig Forumite
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    Eighth Anniversary 1,000 Posts Photogenic
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    Hi happytails, good luck on your journey:)

    PP x
    Original mortgage £112,000 . Final payment due August 2027.
    Mortgage neutral achieved August 2020 - 7 years early!!!
  • KittenkirstKittenkirst Forumite
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    Yay for getting your mortgage offer :D
    First home- Oct’16 until June’21: £170.995- Overpayments made £13,784 (25% extra!).
    New forever home- Sep’21 £309,449 @ 2.05%. Plan to clear it before 30 years!!!!!!
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