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The first hurdle - Nichelette v the huge mortgage

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  • South_coast
    South_coast Posts: 6,726
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
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    Don't do yourself down MFD's - leggings were chic 26 years ago 🤣!
    Mortgage start: £65,495 (March 2016)
    Cleared 🧚‍♀️🧚‍♀️🧚‍♀️!!! In 5 years, 1 month and 29 days
    Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed

    Finally earning interest instead of paying it!!!
  • Nichelette
    Nichelette Posts: 2,239
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
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    Don't do yourself down MFD's - leggings were chic 26 years ago 🤣!
    What, are they not now?!?  :o  :joy:

    So I could get the jeans on, but they were a funny fit. They were baggy on the leg (and mine aren't like sticks or anything), dug in a bit at the waist, and didn't have much stretch in the band bit so it sort of defeated the point. Sadly they will be going back and I'll continue to mooch about in my fashionable leggings for now :D 

    Yesterday I did the re-mortgage thingy which was actually really easy. I think I'm going to draw everything together and start a new diary for round 2! 
    Finally bought a home
    Starting mortgage £289,500 31.01.19 - Current outstanding £178,813.14
    Overpayments since 27.03.19: £60,609.64
    Moving fund so far £8000 - Premium bonds £4,100
  • savingholmes
    savingholmes Posts: 29,235
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    Great news re the mortgage and the scan coming out well.
    Achieve FIRE/Mortgage Neutrality
    1) MFW Nov 21 £202K now £165K Equity 38.88% 6/9/26
    2) £1.5K Net savings after CCs 29/8/26 (but owed £130) so £1.6K
    3) 47/82K @29/8/26 = 57.31% AVC Goal by mid 2028
  • savingholmes
    savingholmes Posts: 29,235
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    How are things? Hope you are okay?
    Achieve FIRE/Mortgage Neutrality
    1) MFW Nov 21 £202K now £165K Equity 38.88% 6/9/26
    2) £1.5K Net savings after CCs 29/8/26 (but owed £130) so £1.6K
    3) 47/82K @29/8/26 = 57.31% AVC Goal by mid 2028
  • Nichelette
    Nichelette Posts: 2,239
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Forumite
    Hi Saving, I am good thanks! I started a new diary for attack phase 2 and promptly posted absolutely nothing because we've not really done a great deal for the last couple of months! Anyway, I'm back on the wagon and will post a proper update on it here: https://forums.moneysavingexpert.com/discussion/6204885/the-second-hurdle-nichelette-v-the-huge-mortgage#latest
    Finally bought a home
    Starting mortgage £289,500 31.01.19 - Current outstanding £178,813.14
    Overpayments since 27.03.19: £60,609.64
    Moving fund so far £8000 - Premium bonds £4,100
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