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SLLM (Single Lady Large Mortgage)

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Comments

  • Sistergold
    Sistergold Posts: 2,150 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Good afternoon ladies. I am off today as I have the electrician to do the electrics I mentioned earlier. Since I have time on my hands, I have been sorting through some bags just to shred what I can and I found this tattered completion statement for my house purchase and thought it will be good to have it on this thread. 

    Interesting how you have this build up with money really piling up in your account and then you need the bulk as deposit(10%) then the rest to complete and you are like wiped out. So paid £64k initially then had to send balance of £111690. Interesting how money changes hands!  I also note that my solicitor was reasonably priced at £885! Stamp duty was a bit of an ouch moment! 

    Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
    Mortgage start date first week of July 2019,
    Mortgage term 23yrs(end of June 2042🙇🏽♀️), 
    Target is to pay it off in 10years(by 2030🥳). 
    MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
    £12K in 2021 #54 (in 2020 #148)
    MFiT-T6#27
    To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
    Am a single mom of 4. 
    Do not wait to buy a property, Buy a property and wait. 🤓
  • badmemory
    badmemory Posts: 10,538 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper
    edited 25 November 2021 at 7:04PM
    Whilst I bought my house over 30 years ago, it cost less than a tenth of yours.  But back then it would have taken me over 40 years just to earn enough for yours.
    My heating is done.  Just coming back on Monday to check all the i's are dotted & the t's are crossed.  Feeling warmer already.  It is nice to be able to not go for a cheap one.  Pity about the hair appointment  I had to cancel, not so sorry about the hygenist!  But I got my priorities right.  I do not like being cold.  He's even stopped a draft from where a pipe came through the wall - without being asked.
  • savingholmes
    savingholmes Posts: 29,152 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    @badmemory Great news on your boiler. 

    @Sistergold You've achieved so much so quickly. Your solicitor's costs were also very reasonable!
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
    2) £3K Net savings after CCs March 26 (but owed £1.1K) so £4.1K
    3) Mortgage neutral by 06/30 (AVC £36.2K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 42.1£127.5K target 33% 27/2/26 (If took bigger lump sum = 64K or 50.1%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £5.2K updated 16/1/26
  • Sistergold
    Sistergold Posts: 2,150 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    @badmemory, that’s sounds like a good day as the heating is all sorted! You will have a nice warm Christmas! Hair appointment had to take a backseat there! Xx
    Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
    Mortgage start date first week of July 2019,
    Mortgage term 23yrs(end of June 2042🙇🏽♀️), 
    Target is to pay it off in 10years(by 2030🥳). 
    MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
    £12K in 2021 #54 (in 2020 #148)
    MFiT-T6#27
    To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
    Am a single mom of 4. 
    Do not wait to buy a property, Buy a property and wait. 🤓
  • badmemory
    badmemory Posts: 10,538 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper
    Just to round off my perfect day, I have just won £5 on the set for life lottery.  Life is definitely good today!
  • Queen_of_the_Hive
    Queen_of_the_Hive Posts: 1,370 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Sistergold said:
    Good afternoon ladies. I am off today as I have the electrician to do the electrics I mentioned earlier. Since I have time on my hands, I have been sorting through some bags just to shred what I can and I found this tattered completion statement for my house purchase and thought it will be good to have it on this thread. 

    Interesting how you have this build up with money really piling up in your account and then you need the bulk as deposit(10%) then the rest to complete and you are like wiped out. So paid £64k initially then had to send balance of £111690. Interesting how money changes hands!  I also note that my solicitor was reasonably priced at £885! Stamp duty was a bit of an ouch moment! 


    @sistergold - I love this! Amazing low fees for legals but just shows how far you have come too in your journey. The figures are scary but all kudos to you :)

    Just think - you could have had an absolutely amazing holiday with that stamp duty.... Best not thinking about it 
    2026 financial goals & challenges!

    1). Mortgage (started Jan 2024) £99,186.79/ £122,400.00 Overpayment total: £1405.13 (Inc Sprive yr 1 & 2 o/p £70.93, £5.52 Natwest o/p & £55.34 reg monthly overpayment) Equity 31%

    2). #47 Save 1p a day challenge 2026 £30/£780

    3). £2638.90/£3000 - Investment ISA (32/50 investments)

    4). CC debt - £21,268.02. Aiming for £19,999.99 31/12/2026

    5). £257.66 / £1000.00 - EF

    6). Lose weight, get fitter and read 12 books in 12 months in 2026. 2 out 12 COMPLETED
  • Queen_of_the_Hive
    Queen_of_the_Hive Posts: 1,370 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    So ladies, dare I ask but has anyone put up their trees and decs yet? 

    Its just dawned on me we need to clear out the space in the living room before we can even think about getting up the tree. I have a fake 7ft one which was quite pricey at the time but is quite real looking. The kids are with dad this weekend so I need to get ready for tree when they are not here. I'm too busy during the week to do it - so thats on the hit list this weekend.  
    2026 financial goals & challenges!

    1). Mortgage (started Jan 2024) £99,186.79/ £122,400.00 Overpayment total: £1405.13 (Inc Sprive yr 1 & 2 o/p £70.93, £5.52 Natwest o/p & £55.34 reg monthly overpayment) Equity 31%

    2). #47 Save 1p a day challenge 2026 £30/£780

    3). £2638.90/£3000 - Investment ISA (32/50 investments)

    4). CC debt - £21,268.02. Aiming for £19,999.99 31/12/2026

    5). £257.66 / £1000.00 - EF

    6). Lose weight, get fitter and read 12 books in 12 months in 2026. 2 out 12 COMPLETED
  • savingholmes
    savingholmes Posts: 29,152 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Great news on the win @badmemory

    @Queen_of_the_Hive Xmas decs not up yet but I am tempted to at least put up some nice lights outside!
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
    2) £3K Net savings after CCs March 26 (but owed £1.1K) so £4.1K
    3) Mortgage neutral by 06/30 (AVC £36.2K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 42.1£127.5K target 33% 27/2/26 (If took bigger lump sum = 64K or 50.1%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £5.2K updated 16/1/26
  • slm6002
    slm6002 Posts: 4,579 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    The decorations are not up here at home, but I do decorate a tree for the christmas tree festival in town every year.  I did decorate that this weekend just gone.  While in the loft I also got the advent calendars down ready to fill this weekend.  Very behind compared to normal but I'm sure it will all get done ready for the big day :)
    Me, DD1 20, DS 18, DD2 15, Debt Free 04/18, Single Mum since 11/19
  • Sistergold
    Sistergold Posts: 2,150 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    badmemory said:
    Just to round off my perfect day, I have just won £5 on the set for life lottery.  Life is definitely good today!
    🥳 congratulations 
    Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
    Mortgage start date first week of July 2019,
    Mortgage term 23yrs(end of June 2042🙇🏽♀️), 
    Target is to pay it off in 10years(by 2030🥳). 
    MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
    £12K in 2021 #54 (in 2020 #148)
    MFiT-T6#27
    To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
    Am a single mom of 4. 
    Do not wait to buy a property, Buy a property and wait. 🤓
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