The Case of the Overwhelming Mortgage

AgathaSquirrel

Thank you @glass_half_full. You are very kind. Happy New Year when it comes.

greent

Congrats to eldest!! 🙌

Couple of tough decisions re jobs to be made - hopefully everything works out well x

AgathaSquirrel

Thank you @greent

AgathaSquirrel

Happy New Year!

I was at the gym at 6am yesterday and working so didn’t stay up for the bells. I don’t enjoy them anyway. It’s just another year away from my dad.

Going for a walk when everyone else is up. Then bringing my mum over and making a steak pie lunch. Hoping for a few days of peace and quiet. Looking forward to getting back to normal. The anniversary of my dad’s death hit me more this year than last. I’ve largely been trying to get through Christmas. There have been some good parts but can’t say I’ve enjoyed much of it. 

Mortgage payment came out this morning. Hoping to overpay another £100 in a few days but will wait until the rest of the direct debits have cleared. We are now well and truly in the £40000 region so I feel I can celebrate paying £100000 off our mortgage. £140000 seemed so huge when we bought this house 8 years ago.In a few months we will be at £37000 which was my first ever mortgage amount for the flat I bought in 2000. We remortgage in September for hopefully the last time. Watching mortgage rates with interest. We currently have a rate of 4.95% so we should easily get something lower. Undecided if we will go for a 2 or 3 year fix.

AgathaSquirrel

Another overpayment. Almost down to £40000. Will go below this when we’re paid at the beginning of the month.

greent

Wow - that'll be 63k ish paid off in 5 years - fantastic!!

AgathaSquirrel

Thanks @greent

It’s looking likely that Mr Agatha will change his job. Current role is having an impact on mental health. Lots of job searching, applications, viewing courses. His preference is a ‘job’ rather than career move which will be a drop in pay. We’ve juggled with figures and it’s possible. We’ll make sure girls aren’t impacted. Main impact will be prolonging mortgage length.

On that note £700 overpayment this month. Will go into £39000s after next mortgage payment on 1st.

edinburgher

Sympathy with Mr Agatha - if I can't get an extension on my current role I'll likely be looking at "jobs" too 

AgathaSquirrel

A job isn’t the worst. I think we’re both at the point quality of life is more important. As long as we can pay our bills and have money for university we are happy to pull back on other things.

glass_half_full

Sorry to hear about Mr Agatha. Health is number one though so he must do what is best for him.