The Case of the Overwhelming Mortgage

AgathaSquirrel

Cheaper breakdown cover organised; tax claim done; still need to renew gas and electricity but won’t be pretty due to us being home so much last year and price increase. Last quote was £150 a month. Will try again tomorrow.

LadyWithAPlan

Following your falling daily interest is very motivational even for me and its not my mortgage.

I am saving hard to buy next year but think my daily interest rate will then start at about £16 ouch.. No wonder I am Dragging my feet. 

AgathaSquirrel

LadyWithAPlan said:

Following your falling daily interest is very motivational even for me and its not my mortgage.

I am saving hard to buy next year but think my daily interest rate will then start at about £16 ouch.. No wonder I am Dragging my feet. 

Oh that is painful. We were £10 at the start but that reduced quite quickly. It does help the motivation to overpay when you realise how much you are saving daily/weekly/monthly.

AgathaSquirrel

Had a read at the SPPA board. I can buy in multiples of £250, so towards the end of the financial year I will buy £750 of additional pension. Next financial year I’ll put £100 a month extra in my stakeholder pension. Decision made.

killerpeaty

Pensions are very complicated, especially for people in your position with a db. I'm glad you came to a decision, most of the time the hardest thing is to decide, not actually to do.

AgathaSquirrel

Almost in 95000s, next overpayment will do it.

AgathaSquirrel

Started new job. Now full time, working from home 3 days and on site 2. So far, so good. Enjoying the job, just not the technical hitches that go with it.

Full time wage will be good, unfortunately we’re being hit with gas/electricity rises. New bill of £134 a month! Present company wanted £180 a month. Gone are the days of £50 a month. We’ll just have to suck it up until prices come down again. We’re in debit too and owe current company £40.

Mortgage wise getting closer to goal one of sub 90000. Next payment should take us to 94000s.

Sitting outside enjoying a cup of tea before going back to work. It’s not a bad life.

MissLemon

Congratulations on the new job and getting close to £90,000!

Energy prices are going to be shocking this winter. I'm eyeing up all the thermal vests and furry slippers in the shops!!

AgathaSquirrel

MissLemon said:

Congratulations on the new job and getting close to £90,000!

Energy prices are going to be shocking this winter. I'm eyeing up all the thermal vests and furry slippers in the shops!!

Love the name!

killerpeaty

Congrats on the new job! How are the colleagues? They make all the difference.