New Life Pending.....

ohdearhowdidthathappen

Glad everything is going well. well done on the savings.  Exciting news about the house!

enthusiasticsaver

What a great update both on the savings, the new job and the house. If your mother is giving you the deposit she will have to confirm it is a gift rather than a loan as otherwise the lender will not accept it is part of the deposit regardless of when and how it will be repaid. Basically they do not like the deposit to be a loan.  If the mortgage you need is well within affordability though it should not be an issue. The card is low enough for it not to affect a mortgage. I would save as much as possible in the next few months as buy8ng houses is expensive. Good luck. 

Iwantanewlife

enthusiasticsaver said:

What a great update both on the savings, the new job and the house. If your mother is giving you the deposit she will have to confirm it is a gift rather than a loan as otherwise the lender will not accept it is part of the deposit regardless of when and how it will be repaid. Basically they do not like the deposit to be a loan.  If the mortgage you need is well within affordability though it should not be an issue. The card is low enough for it not to affect a mortgage. I would save as much as possible in the next few months as buy8ng houses is expensive. Good luck. 

Thank you! That’s exactly why I haven’t paid off the credit card. I need to keep saving for moving costs and obviously the essential EF. 

I hope all is well for you! 

Moneywhizz

What a great update, especially in the current circumstances we find ourselves.  I wondered how things were going with your new job, so great to hear that all is well, and even better that you are managing to buy a house already. What an amazing turn around from when you first came on to this forum. Your future looks so much brighter now. Keep in touch and let us know how it all goes. 

bd80s

Aw its great to see such a positive update from you, glad that everything is coming together for you

Iwantanewlife

I remember sitting in my office, at a job I hated, realising that I was about to be in real trouble with my finances. A single mum, with a good job, but poor credit history due to being completed uneducated about budgeting and general finances, I had made some really stupid choices. Not only had I made poor choices, but I had also made myself really stressed and completely unhappy with life. I spent weeks lurking on this forum, reading and learning, before I got the guts to write my own post admitting I had a problem. Enough was enough, and I was going to change my life (hence the profile name). 

A year on, I am like a different person. I have a new job, with a much higher salary, and more to the point I love it. I have learnt how to budget and how to understand financial products and making financial decisions. Every month I budget, working off the zero pound ethos. It works, and it works every time. 

So the reason for me to resurrect this old post is to announce, as of today I AM DEBT FREE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! My last credit card was paid off today, and not only have I cleared all my debts I also have £6,000 in savings. Although my house fell through and it did mean I lost a small amount in solicitor fees, everything feels ok, and I feel positive that the right house is just around the corner.  I really want to say a massive thank you to the members of this forum, I can honestly say without coming to you guys I would never of done it. This diary kept me motivated, kept me sane, and made me feel like I was not alone in some of my darkest hours. Thank you really doesn't cover it.  

For anyone who is starting their journey please keep the faith, please listen to the advice given. Even when its hard to hear or you feel like there is no hope. There is, and me and many others are proof of that. 
xxx

Toni'sfriend

Congratulations and really well done. It's lovely to read a story that works out so well. An inspiration.

Applewood1

Well done - what a year! Wishing you continued success for the future

Iwantanewlife

Thank you Applewood1, and to you!

Tonisfriend, you were a massive part of the journey - especially at the start in terms of my budgeting and making decisions. Thank you so much x

[Deleted User]

Congratulations! I've lurked along and I'm so pleased for you, I knew this post couldn't be very far away!