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Drawing a line under the debt. Take two.

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Comments

  • Queen_of_the_Hive
    Queen_of_the_Hive Posts: 1,189 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Oh my goodness that a cute kitty cat 🐈!
    2025 financial goals & challenges!

    1). Mortgage (started Jan 2024) £107,542.12 / £122,400.00 Overpayment total: £904.60 (Inc Sprive yr 1 o/p £19.16 & £55.34 reg monthly overpayment) Equity 27%

    2). #7 Save 1p a day challenge 2025 £150/£780

    3). £2109.85/£3000 in Investment ISA (34/50 investments)

    4). Increase cash savings & saving pots

    5). Keep debt to a minimum.

    Favourite quote: 'Life is like a box of chocolates, you never know what you're gunna get!' Forrest Gump
  • bd80s
    bd80s Posts: 368 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Aww silly little cat munching things he shouldn't be haha.  Hope he's all better now and causing havoc again :lol: 
    slowly slowly it seems the house stuff is getting there, so frustrating waiting all the time though. 
  • Drawingaline
    Drawingaline Posts: 2,988 Forumite
    Eighth Anniversary 1,000 Posts Photogenic Name Dropper
    Well today an email came from the EA move manager. Seller is getting stressed about lack of movement. My solicitor is cracking in with our sale, but seems deaf to my pleas to just tell me if the contract pack has been received! 

    Still nothing re the mortgage, seven weeks since full application tomorrow. Bloody ridiculous tbh!
    Debt free Feb 2021 🎉
  • Drawingaline
    Drawingaline Posts: 2,988 Forumite
    Eighth Anniversary 1,000 Posts Photogenic Name Dropper
    So all the messaging this morning has prompted an automated response from the lender that we are approved subject to valuation! Valuation was carried out last month, so assuming there is nothing nasty there, so hopefully the full offer will be out this week. 

    Feel a bit better about it all now. Will be calling my solicitor tomorrow just to get clarification about where she is up to with the purchase contract and enquiries, but hopefully this will start to get everything moving forwards now.
    Debt free Feb 2021 🎉
  • Honeysucklelou2
    Honeysucklelou2 Posts: 4,804 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    Thats good that you have got the mortgage approval albeit subject to valuation. Its surprising  how long it can take from acceptance of offers to completion.  Hopefully not long now.
    paydbx2025 #26 £890/£5000 . Mortgage start £148k June 23 - now £138k.
    2025 savings challenge £0/£2000     EF £140. Savings 2 £30.00. 17
  • Queen_of_the_Hive
    Queen_of_the_Hive Posts: 1,189 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Drawingaline said:
    So all the messaging this morning has prompted an automated response from the lender that we are approved subject to valuation! Valuation was carried out last month, so assuming there is nothing nasty there, so hopefully the full offer will be out this week. 

    Feel a bit better about it all now. Will be calling my solicitor tomorrow just to get clarification about where she is up to with the purchase contract and enquiries, but hopefully this will start to get everything moving forwards now.
    Nice one! 
    2025 financial goals & challenges!

    1). Mortgage (started Jan 2024) £107,542.12 / £122,400.00 Overpayment total: £904.60 (Inc Sprive yr 1 o/p £19.16 & £55.34 reg monthly overpayment) Equity 27%

    2). #7 Save 1p a day challenge 2025 £150/£780

    3). £2109.85/£3000 in Investment ISA (34/50 investments)

    4). Increase cash savings & saving pots

    5). Keep debt to a minimum.

    Favourite quote: 'Life is like a box of chocolates, you never know what you're gunna get!' Forrest Gump
  • savingholmes
    savingholmes Posts: 28,953 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Fantastic news that you've been approved - I know you were a little worried. What a relief.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £3K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £22.5K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 28.2/£127.5K target 22;12% updated 6/7
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.6K updated 6/7/25
  • shoppingobsessed2020
    shoppingobsessed2020 Posts: 354 Forumite
    Third Anniversary 100 Posts Name Dropper
    Amazing news!  Woohoo
  • bd80s
    bd80s Posts: 368 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Yay to offer!!! Excellent news :smile:
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