The Case of the Overwhelming Mortgage

AgathaSquirrel

Thank you all. It is great progress, though daunting, we have to do it almost twice more in ideally 6.5 years.

Feeling better. Still not exercising but hopefully soon.

AgathaSquirrel

Made the payment, first goal achieved now under £90000. New mini-goal to get as low as we can before remortgage, aiming for £85000. Next goal is to get below our original balance on our old house £77000.

smetf

Great progress, I'm looking forward to the mortgage starting with an 8 in the next few months!

How're you feeling? I had Covid in December and am just beginning to feel like I'm getting back to fitness levels over the past few weeks.
S

AgathaSquirrel

That’s good to hear @smetf. My fitness levels are still poor. I swam for 40 minutes today and had to sleep for an hour and a half. Not ready to return to the gym yet but I do think it’s moving in the right direction.
Good luck with your mortgage journey.

Ibrahim5

Brings back memories. We took out a 'liar loan' in 2001. An IFA told us she could get us a mortgage and when we had paid for deposits and surveys presented me with a form with false salary. She said I was 'tight enough' to cope. We had a fixed interest rate for the first five years. We overpaid so after 5 years we wouldn't be repossessed if interest rates shot up. Interest rates shot down but we had got used to overpaying. The 25 year mortgage was gone in 14.

AgathaSquirrel

Not been here for a while.

Fitness levels improving. Not back to normal but will be having a break from studying soon and can give a bit more time to going to the gym.

Mortgage is I think at £87000. Waiting for the bank notification to say we can remortgage. Had it for the smaller one but we want to combine the mortgages into one. The second one should be end of June and we can remortgage at a lower rate. Aiming to get below £85000 by then.

CCW007

Just read through your diary - amazing progress and some really good goals there.  Well done on focussing on pensions as well, it's easily forgotten.  Hope you can get back to the gym soon.

AgathaSquirrel

No real news. We, like a lot of people, seem to be struggling more financially than usual thanks to all the price rises. I’m trying to keep the mortgage overpayments at the same level until we fix to a new deal but it’s a struggle.

Health wise I’m doing much better. Back at the gym and improving my eating habits.

savingholmes

Glad you are feeling healthier. That's the important thing.

AgathaSquirrel

Interest down to £4.98 a day.