Climbing the Mortgage Mountain step by step

edited 20 October 2021 at 1:39PM in Mortgage-Free Wannabe
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  • This weekend saw ONE YEAR since I completed on the transfer of equity and bought ex out :smiley:  Since then I've kept to my planned monthly over payments of £750pm and paid off £9000 of the capital plus done quite a lot of work on the house and garden, super chuffed with myself but aware that I still have quite a journey ahead!

    The aim is to have paid off £46k by the time my 5 year fixed rate is up and just have to remortgage for £85k at that point :smile:
    Current Mortgage (Nov 20- NOV 39) £130,999 (Interest only) NOW £120,429
    Over payments 2020 £750/£750 (Mortgage payments only start Dec 2020)
    Over payments 2021 £9,000 /£9,000
    Over payments 2022 £750/£9,000
    All Credit Cards cleared 
    Loan £8286, £237pm clearing Dec 2024 but aiming to repay by Dec 2023
    Savings (not including 'pots') £5907, aim to be debt neutral by June 2022
  • savingholmessavingholmes Forumite
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    Hope you have a calmer week. I've not seen anything like the veg boxes at my LIDL but need a proper look. I'm not sure they have self serve tills either...

    I don't know what a UU is? Use ups?

    With your power cuts you are making me wonder what candles I still have... I know where one is and think I have a jar of night lights somewhere... I'd have to use my phone battery as a torch initially I think... Perhaps I ought to get more organised...
    Target 1) Clear CC debt - £1644 to go (but debt neutral) @ 0% Target 2) Lose weight & get fit 3) Write regularly 38113/70000 words Book 2 4) Develop passive income streams 5) Get to £3K EF 6) Declutter 7) MFW starting at £201999 Nov 21 with 264 262 payments to go. Now £200720. 8) Mortgage neutral progress (via private pension starting value c£3643 Nov 21) extra payments £187 including tax relief
  • @savingholmes, might be worth asking your local Lidl staff?  I think its basically veg that they have too much of or has escaped its packaging.

    Yeah UU are Use Ups, I'm targeting my huge stash of toiletries, especially the mini and travel sized products that I would normally use on trips away (obviously not happening so much at present), it's having a triple impact, freeing up space, improving my skincare regime and for each item used I'm putting £1 in a sealed tin, hoping to leave that until the tin is full!

    Lol, I think after the weekend I may need to replenish my stock, we had several candles dotted around the house so that DGD could find her way around, probably wouldn't have worried so much if it had just been us.  We did spot several people buying candles the next day, all think the same I suppose!  We used our phone torches initially but I reminded everyone that once the battery ran out there would be no way of recharging so they soon turned the off :lol:   I'm old enough to remember the regular power cuts back in the 70s and wonder if we are headed that way again?

    Made a yummy chicken pie last night with the leftovers from the roast.  I'm think we will have leek and spinach pasta tonight and then maybe a stew on Wednesday/Thursday.

    Got to go to Big Town for a work meeting tomorrow so while I have the car may pop to Lidl to see if they have another veg box.  I will also put in my mileage claim for the last few weeks so that will be £100 coming back to me.

    Haver a great day

    MvTMM
    Current Mortgage (Nov 20- NOV 39) £130,999 (Interest only) NOW £120,429
    Over payments 2020 £750/£750 (Mortgage payments only start Dec 2020)
    Over payments 2021 £9,000 /£9,000
    Over payments 2022 £750/£9,000
    All Credit Cards cleared 
    Loan £8286, £237pm clearing Dec 2024 but aiming to repay by Dec 2023
    Savings (not including 'pots') £5907, aim to be debt neutral by June 2022
  • LadyWithAPlanLadyWithAPlan Forumite
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    Well done on your one year anniversary and all your progress! You made all your planned OPs, incredible ;) I still have  not bought my flat, but just starting on right move again today.

    I am on a hunt for one of these LIDL veg boxes, they seem like a Willy Wonka Golden ticket - I keep hearing about them but never seen one. I did ask a member of staff and she said they by the tills but they go quick, every time I am in there I check and nothing. What time did you go to get yours??

    Chicken pie sounds yum! Never buy them as I am GF and hard to find such in restaurants etc. I made 2 x soups from my left over chicken - stock for a beetroot soup  and a chicken  soup so good I had to fight with myself to freeze it. I am Gluten free though so I may need to play about with GF pastry which I have never tried and GF flour can be tricksy. Or I guess I could add potatoes  as a topping instead either thin slicked or mash.. You have me now dreaming of chicken pie so when I buy my FR chicken this week I will explore some recipes.
    "We delight in the beauty of the butterfly but rarely admit the changes it has gone through to achieve that beauty." Maya Angelou

    Nov NSD 8/15     Nov  Groceries Challenge  £98.70/ £140  + £13.87/ £100 bulk 
    MFW savings 11/08/21  £67,711.70   16/11/21   £78,093.60 /100K  
    Nov  savings  £5299.93 / £3,603.01

    SIPP   
               11/08/21     £26,644.38   03/11/21      £29,521.02
    FIRE   exc home £12k pa 9.84%, £16k pa 7.38%. Current spend inc current rent 8.43% FIRE, 
    https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest
  • savingholmessavingholmes Forumite
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    Another idea instead of candles if you have little ones around is battery operated tea lights - they are designed to stay on once you pull the tab - but the ones I bought unscrew to change the battery so I just unscrewed slightly to turn them off. 

    I do like potato topped casseroles - all the joy of roasties with far less effort - I just slice with skin still on.
    Target 1) Clear CC debt - £1644 to go (but debt neutral) @ 0% Target 2) Lose weight & get fit 3) Write regularly 38113/70000 words Book 2 4) Develop passive income streams 5) Get to £3K EF 6) Declutter 7) MFW starting at £201999 Nov 21 with 264 262 payments to go. Now £200720. 8) Mortgage neutral progress (via private pension starting value c£3643 Nov 21) extra payments £187 including tax relief
  • Hi All

    @LadyWithAPlan I picked up another veg box yesterday at about 4pm, not such a mixture but still loads in there for £1.50, we had some last night, mixed roasted Mediterranean style veg served with salmon topped with pesto, DD chose to have a 20p reduced pizza and added some extra toppings from the fridge.  Tonight I have made a huge pot of beef and red wine stew in the slow cooker, used a stew pack, leeks and spinach all from the veg box and reduced diced beef, should feed us for 2 days.  The leek and spinach pasta was a great success and I have 2 portions of it bagged up in the freezer.  

    Re different pie toppings, potato is always good or a sweet potato mash, possibly topped with a sprinkle of polenta or crushed crisps for some crunch?  I'm not sure of the issues with GF flour but could a suet crust work better than shortcrust?  I often do a suet pastry crust purely for speed after a day at work.  

    Need to submit my mileage claim today, that will be £100 back in to the pot.

    3 more UUs over the last few days, an Aria conditioner, Pantene hair mask and Rituals Hammam hot salt scrub (my favourite Rituals range), £3 in the tin.

    Our Degusta Advent Calendar arrived yesterday, its huge and I'm very excited to see what goodies it gives us for Xmas, we really enjoyed last years and it was better than getting individual calendars. 

    Have a great day all

    MvTMM
    Current Mortgage (Nov 20- NOV 39) £130,999 (Interest only) NOW £120,429
    Over payments 2020 £750/£750 (Mortgage payments only start Dec 2020)
    Over payments 2021 £9,000 /£9,000
    Over payments 2022 £750/£9,000
    All Credit Cards cleared 
    Loan £8286, £237pm clearing Dec 2024 but aiming to repay by Dec 2023
    Savings (not including 'pots') £5907, aim to be debt neutral by June 2022
  • savingholmessavingholmes Forumite
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    Enjoy your advent treats
    Target 1) Clear CC debt - £1644 to go (but debt neutral) @ 0% Target 2) Lose weight & get fit 3) Write regularly 38113/70000 words Book 2 4) Develop passive income streams 5) Get to £3K EF 6) Declutter 7) MFW starting at £201999 Nov 21 with 264 262 payments to go. Now £200720. 8) Mortgage neutral progress (via private pension starting value c£3643 Nov 21) extra payments £187 including tax relief
  • savingholmessavingholmes Forumite
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    Well done on £9K paid off in a year - that's brilliant. Mine is due to be £7.5K from start in a year - beginning from Dec 21
    Target 1) Clear CC debt - £1644 to go (but debt neutral) @ 0% Target 2) Lose weight & get fit 3) Write regularly 38113/70000 words Book 2 4) Develop passive income streams 5) Get to £3K EF 6) Declutter 7) MFW starting at £201999 Nov 21 with 264 262 payments to go. Now £200720. 8) Mortgage neutral progress (via private pension starting value c£3643 Nov 21) extra payments £187 including tax relief
  • Hi All

    Had a bit of a downer last night, got stuck at work for 2.5 hours and to make that worse OH finished early for once!  Then I got home and the slow cooker hadn't switched on so no dinner and DD had been dying her hair and got dye on the white bathroom unit which is less than a year old, the floor and door :angry:  I was so upset.

    Anyway a new day today!  Got on the scales this morning and I am below 12 stone for the first time in a year :smiley: Would like to lose another stone ideally.  No spend day today and dinner organised (yes its the infamous stew, mark 2!).  Determined to sort the Christmas stash this weekend as the trimmings need to go up next week ready for visitors the week after.

    Have a great afternoon all

    MvTMM
    Current Mortgage (Nov 20- NOV 39) £130,999 (Interest only) NOW £120,429
    Over payments 2020 £750/£750 (Mortgage payments only start Dec 2020)
    Over payments 2021 £9,000 /£9,000
    Over payments 2022 £750/£9,000
    All Credit Cards cleared 
    Loan £8286, £237pm clearing Dec 2024 but aiming to repay by Dec 2023
    Savings (not including 'pots') £5907, aim to be debt neutral by June 2022
  • savingholmessavingholmes Forumite
    17.8K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    Sorry you had a run of negatives. Great news on the scale though - I would love to be that weight again. Have fun. Make time for play. 
    Target 1) Clear CC debt - £1644 to go (but debt neutral) @ 0% Target 2) Lose weight & get fit 3) Write regularly 38113/70000 words Book 2 4) Develop passive income streams 5) Get to £3K EF 6) Declutter 7) MFW starting at £201999 Nov 21 with 264 262 payments to go. Now £200720. 8) Mortgage neutral progress (via private pension starting value c£3643 Nov 21) extra payments £187 including tax relief
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