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The Final Countdown

edited 30 November -1 at 1:00AM in Mortgage-Free Wannabe
141 replies 12K views
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  • tootallulahtootallulah Forumite
    2.2K posts
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    Also MW much easier in MANY ways to do this when you don't have kids - but I would have given it all up to have kids......I do think it isn't possible to really have it all the important thing is to enjoy the Hell out of what we have!.
    Mortgage House £68,000 July 2019, Aug £67k, Sep £66k.
  • beanieloubeanielou Forumite
    71.6K posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    I would take the six months rent.
    Are they an established tennant?
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~**
    **Weight loss 2 stone 2 lbs **
    MFW. 9 months to go. B)
    "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.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. ***Be the difference.***
  • tootallulahtootallulah Forumite
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    Hi Beanie I think so too, they have been with me a year and one half is doing a PhD two years to go, the other works in a bank. Overall this will save them money and hopefully me hassle. Two years more of a good tenant is really worth it. I have got the letting agent on board to sort out the contract starting on 1 March. And that will certainly help with this years goal.
    Mortgage House £68,000 July 2019, Aug £67k, Sep £66k.
  • beanieloubeanielou Forumite
    71.6K posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    Hi Beanie I think so too, they have been with me a year and one half is doing a PhD two years to go, the other works in a bank. Overall this will save them money and hopefully me hassle. Two years more of a good tenant is really worth it. I have got the letting agent on board to sort out the contract starting on 1 March. And that will certainly help with this years goal.

    Excellent :)
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~**
    **Weight loss 2 stone 2 lbs **
    MFW. 9 months to go. B)
    "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.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. ***Be the difference.***
  • tootallulahtootallulah Forumite
    2.2K posts
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    I emailed the tenants today agreeing to the 6 months deal from 1 March - I am very happy at the thought. My current job has asked me to invoice for Jan to March on 1 April - not a great sign but I 'think' it will be OK. And I can live on my pension, btl money is squirrelled for taxes and treats.

    If everything works seamlessly I will hit £28k on 1 April - a very big milestone for me. Obviously then it will slow down considerably until another big hit in September but the thought of being in the 20s is very sweet.
    Mortgage House £68,000 July 2019, Aug £67k, Sep £66k.
  • beanieloubeanielou Forumite
    71.6K posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    Great news on tennents.
    Hope pay works out ok.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~**
    **Weight loss 2 stone 2 lbs **
    MFW. 9 months to go. B)
    "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.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. ***Be the difference.***
  • tootallulahtootallulah Forumite
    2.2K posts
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    EBayed 2 sewing machine for 'spares or repair' for £92 I have made it up to £150 which makes it £900 extra this month - £600 to go. I am going to get one special sewing machine (which should make well over £100) plus nine other random things onto EBay tomorrow. My food budget is well below normal due to the 'eating my way through the freezers challenge' so this will help. I want to hit £42,000 on 1 March.
    Mortgage House £68,000 July 2019, Aug £67k, Sep £66k.
  • greentgreent Forumite
    8.9K posts
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
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    Way to go, Toots! :)
    x
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/11 £89873 01/13 £52546 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786 12/19 £48986 2020 OPs (#18) £4370/6K
    Net sales 2020 £540.84/£500 Decluttering: 1520/2020
  • tootallulahtootallulah Forumite
    2.2K posts
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    It is great to be back on MSE for the support, inspirational payers etc but it is very bad for me in terms of wishing the days away. This month I am going to do a big pay off on 1 March but during March I am going to pay off as the money comes in so that I can see progress rather than waiting for it to be THE DAY. I am so anxious for this mortgage to be gone, and to build my savings ready for my next move. Thinking about my tax bill I might use all my income to get rid of the mortgage and then save like billyo for my tax bill in January, which is not at all like me I am a taxes first person. Off to work through a spread sheet.
    Mortgage House £68,000 July 2019, Aug £67k, Sep £66k.
  • tootallulahtootallulah Forumite
    2.2K posts
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    My two btl flats are next door to each other, the 2nd set of tenants have just emailed to ask if I would consider them for a two year tenancy with rent paid every 3 months, they can't afford to go to 6 months and honestly said so. The neighbours told them of our deal! This couple are saving for a deposit and for them the security of two years gives them a target to get out, security of tenure and a known rent for 24 months. I will see what the letting agents think but it looks like a deal to me. Good tenants for two years is better for me and hopefully for them too. I really don't like being a land lord and having these two sets of tenants has been great, they are reliable, polite and have so far been no trouble.
    Money in lumps suits me for the next two years, and especially this year.
    Mortgage House £68,000 July 2019, Aug £67k, Sep £66k.
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