The second hurdle - Nichelette v the huge mortgage

18910111214»

Replies

  • savingholmessavingholmes Forumite
    20.9K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Forumite
    Hi 
    Looks good. 
    Car pot and clothes look light.
    Do you have an EF? I found even at £1k it brought so much peace of mind. It may help with your fear of poverty. I am slowly raising mine.
    Target 1) Lose weight & get fit (started) 2) Declutter 3) Get to £6k EF/Savings Now £2.9k 4) MFW starting at £201999 Nov 21 with 264 255 payments to go. Now £196,223. 5) Mortgage neutral progress (private pension/AVCs c£3643 Nov 21) extra payments £312 including tax relief 6) Write regularly 41426/70000 words Book 2 7) CC Debt free April 22 (now stay that way!!)
  • NicheletteNichelette Forumite
    2.1K Posts
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Forumite
    Car is actually pretty true to cost, though I have forgotten service cost for mine now I think about it. Should probably have added tyres too.. Maybe not that accurate 😅. DH tax is only £30 and mine is £165. We're not really looking after DH car as it's 15 so we're just keeping it til it dies and brother is changing filters etc for us as he's pretty good with cars.

    DH has enough clothes to last forever and I tend to wear the same old stuff about the house as only in office 2 days now. Chunky clothes are under other child costs, but I'm getting most of his stuff cheap from vinted now.

    We have a little (£1050 in premium bonds and the vanguard money if really desperate). I'm switching to building it up now because before nursery we had far more 'spare' cash so a little belt tightening would cover most eventualities as I have a silly amount available on CC's if I needed it. Was concentrating on overpaying mortgage to get into better LTV bracket. 2k CC bill will go if ombudsman side with me which would be helpful as I'm doing min payment now but will need to do more if they don't. Honestly I think I'll only feel better once mortgage is gone, but obviously the closer we get the better. 

    Student loan has 1300 left. Nearly there.. 
    Finally bought a home
    Starting mortgage £289,500 31.01.19 - Current outstanding £222,800.11 - Savings in Vanguard £2,200 (give or take, mostly take nowadays..)
    MFW #86 - aiming for 5k in 2022
    Overpayments since 27.03.19: £42,066.45
  • savingholmessavingholmes Forumite
    20.9K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Forumite
    Sounds like you are doing well overall. Perhaps a hangover from childhood as you say that you are so worried about £. You have good incomes. You are making good progress. You've done really well on MB in the past and presumably could again. Your progress on you mortgage has been phenomenal in the time.
    Target 1) Lose weight & get fit (started) 2) Declutter 3) Get to £6k EF/Savings Now £2.9k 4) MFW starting at £201999 Nov 21 with 264 255 payments to go. Now £196,223. 5) Mortgage neutral progress (private pension/AVCs c£3643 Nov 21) extra payments £312 including tax relief 6) Write regularly 41426/70000 words Book 2 7) CC Debt free April 22 (now stay that way!!)
  • edited 11 July at 4:30PM
    NicheletteNichelette Forumite
    2.1K Posts
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Forumite
    edited 11 July at 4:30PM
    Definitely think it is a hangover. If it really came to it we could also sell the car as there is a good chunk of money in that. In my heart I know we should be fine, but my irrational brain will always panic I think!

    Speaking of the car... submitted my ombudsman case and got told the garage (VW main dealer) has been kicked off the scheme for failing to comply with their terms of service which I think says it all. Long and short is ombudsman can't help me which is pretty gutting tbh. Have called VW main customer service and followed up with an email and a second 9 days later asking what escalation route is now. They haven't replied to to be honest don't seem to give a monkeys. Feel like I'm dealing with a dodgy backstreet second hand car salesman, not a VW main dealer... If they don't reply (which I don't think they will) it looks like my only option is small claims court which is a bit rubbish as I've already spent so much time dealing with this. I'm time poor as it is and can't honestly believe that they'd rather me take them to court than actually talk to me. A gearbox definitely isn't 'sufficient quality' as the legal term is if it needs a £2500 replacement part after 15k miles. About my luck... Moral of the story, don't buy a VW.

    Bought the boy some more cheap nursery bits in 2-3 from vinted as he's still growing like a weed. He was 15 months a few days ago :open_mouth:

    We're getting paid on Friday. Should hopefully have almost £500 left which I'll stick in premium bonds in case we need cash. Should get payslips with new pay amount very soon. It's backdated to 1st April so we'll get a little bit extra too. Have treated myself to a cheap chromebook as mine is (literally) falling apart and I use it to do the prolific surveys. Was originally £299, reduced to £199 then £75 cashback (code) plus £13 through topcashback so not a bad deal as just over £100 in total. 

    Petition now at 1027 signatures so gaining momentum slowly! Need to find where the other parents who are getting rinsed by nursery fees are  :D.
    Finally bought a home
    Starting mortgage £289,500 31.01.19 - Current outstanding £222,800.11 - Savings in Vanguard £2,200 (give or take, mostly take nowadays..)
    MFW #86 - aiming for 5k in 2022
    Overpayments since 27.03.19: £42,066.45
  • savingholmessavingholmes Forumite
    20.9K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Forumite
    You are still making good progress. Lovely that your son is now 15 months. Roll on 3 and he'll get some free nursery sessions. The time will pass quickly. My one regret is not putting £ aside for uni in advance. Do that if you can when the nursery fees / after school club / breakfast club fees stop - while you are still used to not having the £. If they don't end up going you will still be glad you saved. 

    How annoying re VW. So annoying you can't go via ombudsman. Can you write to one of those money advisers in the paper? That might give it a high enough profile to get traction...
    Target 1) Lose weight & get fit (started) 2) Declutter 3) Get to £6k EF/Savings Now £2.9k 4) MFW starting at £201999 Nov 21 with 264 255 payments to go. Now £196,223. 5) Mortgage neutral progress (private pension/AVCs c£3643 Nov 21) extra payments £312 including tax relief 6) Write regularly 41426/70000 words Book 2 7) CC Debt free April 22 (now stay that way!!)
  • NicheletteNichelette Forumite
    2.1K Posts
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Forumite
    I'm sticking away £100 a month at the moment. Plan is to give him it only when I think he is sensible enough to spend it wisely (be that on education/car/housing etc). It's in our names so I will be staying silent about it! When he is older, assuming we can afford to which we should, I plan to charge him rent (nothing crazy) and save it so that he can have it back when he does eventually move out. Again though, going to keep quiet about it. 

    VW have also ignored my follow up email! It's absolutely shocking to be honest. At worst they should reply to say we're at deadlock and they won't reply to me further, but instead they're just ignoring me. It's completely unprofessional. I wouldn't mind, but I haven't been rude or spammed them with contact! They're not getting a penny of my money ever again. 

    Better news on the car front. When I was researching small claims I remembered I paid part of the deposit on my CC. Long story short, they're allowing me to raise a section 75 claim. Would be much easier for me if I can get the money back that way. 

    We were paid on Friday. I've bought £1475 in premium bonds taking us to £2500 in total. That was mostly a result of getting a bit of backpay, and £425 'spare' at the end of the month. Currently have about £1500 in current accounts as we're already at the tax free childcare account cap so I only topped that up with £800. 

    Am currently raking it in with prolific surveys! Had £100 left at 0% on CC from DH vaping mess up but I'm sure I'll be able to clear that this month with the prolific money (may even get a bit extra). I am desperate to OP the mortgage again but I know it's safer to have cash kept back instead. If we can get to 10k in PB I might reconsider, though that will take some time as we can't save anywhere near as much now because of nursery fees. 

    Finally bought a home
    Starting mortgage £289,500 31.01.19 - Current outstanding £222,800.11 - Savings in Vanguard £2,200 (give or take, mostly take nowadays..)
    MFW #86 - aiming for 5k in 2022
    Overpayments since 27.03.19: £42,066.45
  • savingholmessavingholmes Forumite
    20.9K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Forumite
    Sounds like you are doing all the right things. Well done on the progress on CC clearance and on the surveys. Fantastic job on the savings. Good luck with the reclaim. It is a shocking state of affairs.
    Target 1) Lose weight & get fit (started) 2) Declutter 3) Get to £6k EF/Savings Now £2.9k 4) MFW starting at £201999 Nov 21 with 264 255 payments to go. Now £196,223. 5) Mortgage neutral progress (private pension/AVCs c£3643 Nov 21) extra payments £312 including tax relief 6) Write regularly 41426/70000 words Book 2 7) CC Debt free April 22 (now stay that way!!)
Sign In or Register to comment.
Latest MSE News and Guides

Fans demand refunds from Leeds Festival

...after Rage Against The Machine pulls out

MSE News

The 'Ask An Expert' event

Check out last week's energy-themed Q&A with MSE's experts

MSE Forum

Free museums & galleries

Where to get your culture fix across the UK

MSE Deals