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

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

Comments

  • happytails
    happytails Posts: 1,554 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    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
  • pinkypig
    pinkypig Posts: 1,814 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    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!!!
  • Kittenkirst
    Kittenkirst Posts: 2,468 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    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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