Holey Moley!

killerpeaty

My friends came over last night and I got back to my flat about 9.30pm and it was a bomb site! Serves me right for leaving it this morning! I have now thrown away the rubbish and moved the washing up into the kitchen for tomorrow Peaty to deal with. Today Peaty is a generous soul.

Yesterday I went to SHOCK more charity shops, got a pair of work trousers (m&co), a mint velvet black and white top for £5, a principles green embroidered t shirt for about £3.50, a pair of purple rjr (Debenhams designer) jeans for £5 and some coasters for my friends yesterday as I realised I didn't have enough for £2.50. I have really enjoyed my mission to charity shop through my holiday. I have now replaced all my old not good but I have nothing else work trousers. I am needing to weed out some of my tops which aren't good but again I have been wearing regardless and have been making me look like I can't dress myself. Plus some jeans which I didn't really need but I love colourful jeans.

Today I got up for the carboot (ignoring the mess in the living room) and managed to get some vintage caravan curtains. I can hear you saying "but why?" Because both mum and I looked at them and thought they would be great for recovering the ottoman from my uncles house. 

It's bed time! Night night!

killerpeaty

Cash has finally been sorted for August... Only 3 ISH weeks late.

I have been tracking the % of ownership I have in my little flat and next month it should be up to 25%!! I have calculated this assuming that my flat is worth the same amount it was when I bought it. Only 75% more to go.

My cash is doing fairly well. Although I imagine s I start Christmas shopping it might take a small hit. Investment wise I haven't done terribly well this month but haven't done horrendous either. One fund is up to 18k, which I think I will stop investing it when it hits £20k as I have the majority of my investment in it and it's quite low risk for me now. 

killerpeaty

It's about 2 years since my purchase. The thing is furnished! Mostly but not finished.   

Had a rough rough week or so at work. But I'm so looking forward to the weekend, meeting a friend for the first time in more than 2 years.

killerpeaty

ZZOOOOOMMMMMMM

The bank is quick! Got my second annual statement today. In the year I paid £9,000, incurred £3,241 of interest and obtained £5,759 of equity. This means that 64% of my payments are going to paying off the principle. In order to get 75% of my payments to pay off the principle (assuming I keep paying the £9k per annum and the same interest) my mortgage must be around £110k. So, err, if anyone has a spare £46k they just want to give me then let me know! 

themadvix

You'll get there! Every penny off the mortgage gets you paying a bit more off the capital each time.... It definitely snowballs once you hit a certain point, so don't feel like it'll always be such a trudging through the mud kind of pace!

killerpeaty

Thank you @themadvix I'm sure you are right! 

I own 25.1% of my flat. Just a bit fabulous what can I say?

Cash is increasing nicely, so fingers crossed I have no more emergencies and go on to pay mum off and then start saving towards the work that needs doing on my uncles house. 

Clearing the above house is sort of moving. We have emptied a chest of drawers which in my expert opinion is knackered. Next week we are taking hammers to it, going to work out some frustrations. Looking forward to it!

themadvix

What’s the plan with uncle’s house? Not meaning to be rude/nosy but why do you need to paying towards it? (Unless you’re going to be inheriting it!)

themadvix

Sorry, I’ll rephrase that (I’ve had a drink and am apparently quite blunt)… don’t feel you need to answer that, but of the house is being sold the monies should come from the estate. 

25% is excellent! Does that include a revaluation or just based on what you’ve paid off the purchase price?

killerpeaty

Ahahahahaha you're not blunt, it's a valid question. Basically the house is the house my family has lived in for over 100 years and we (I personally feel very strongly) would like it to stay in the family. In the future I would like to live there and perhaps purchase it. Work needs to be performed so I will be either lending money or buying a proportion of the house. The estate is not sorted yet so everything is up in the air with no firm plans so I want to be prepared if and when. Does that make sense? I hope it makes sense. I've been told that I assume too much knowledge when I try to explain things.

25% is based on the price I paid excluding all repairs and legal fees. I am super duper happy! Admittedly it's only 5% I've paid while owning the thing but whoo whoop party over here!

themadvix

Ah I see, that makes perfect sense and I can completely see why you’d want to keep it if  possible. It seems very sensible to be saving in that case.

 So you own more than 25% in reality then?! Assuming your flat isn’t in a parallel universe where your house has stayed the same price over the last few years… which is even more excellent - especially when it comes to remortgaging! 😁