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The Case of the Overwhelming Mortgage

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  • AgathaSquirrel
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    Loving the job thank you. Colleagues are great. I keep thinking how lucky I am.

    In other news the energy company we switched to has just gone under. I estimate we’re going to be paying double what we paid last year. Going to have to rethink our budget.
    2017 - mortgage of £140,000 and interest rate of £10 a day
    Feb 2021 mortgage of £103000
    May 2021 mortgage of £100000
    July 2021 mortgage of £97000
    November 2021 mortgage of £93000
    July 2022 mortgage of £84000
    December 2022 mortgage of £79000
    December 2023 mortgage of £73000
    March 2024 mortgage of £70000
    May 2024 mortgagee of £68000
  • LadyWithAPlan
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    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.
    well done on the new job, and sub 90s. Yes when I finally buy I will working most hours under the sun til it feels breathable again ;))

    There will always be a (beautiful stilettoed) foot in fabulous in LaPlan's life.
    I am choosing to be fabulously frugal to support some wonderful life changing and affirming financial goals including buying a London home I love.

    DON'T BUY STUFF (from Frugalwoods)
    No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things. You can’t really hack your way to frugal. You can and should take advantage of discounts, coupons, rewards points, and the like. But at the end of the day, the only way to truly save money is to not buy stuff.    Money doesn’t walk out of your wallet on its own accord.

    My March  streaks to track
    Track Minimalist game  items (Nov 310)   (Dec  95)  (Jan 90)   Feb 50
    Exercise streak  
    YNAB days:: Target 50 days -Age of money 29
    Track my NSD's - Target 13 days/ 0/13

    https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest
  • AgathaSquirrel
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    Have been underpaid so can’t overpay mortgage. Pre teen has cold symptoms so all currently isolating waiting for test. I’m already bored 😐 
    2017 - mortgage of £140,000 and interest rate of £10 a day
    Feb 2021 mortgage of £103000
    May 2021 mortgage of £100000
    July 2021 mortgage of £97000
    November 2021 mortgage of £93000
    July 2022 mortgage of £84000
    December 2022 mortgage of £79000
    December 2023 mortgage of £73000
    March 2024 mortgage of £70000
    May 2024 mortgagee of £68000
  • AgathaSquirrel
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    All negative. Life goes on.

    Pay is hopefully sorted but I won’t see it until next pay day.

    All being well, we’re getting some internal work done on the house this month. We’ve been here 4 years now and it’s slowly turning into our house.

    Just checked pre-teen/teen savings for university £6800 at the moment. We’re going by Martin’s figures of £3000 per year. We won’t have £24000 saved but hopefully £12000 saved and hopefully mortgage paid off by the time number 2 goes and we can provide a monthly contribution.
    2017 - mortgage of £140,000 and interest rate of £10 a day
    Feb 2021 mortgage of £103000
    May 2021 mortgage of £100000
    July 2021 mortgage of £97000
    November 2021 mortgage of £93000
    July 2022 mortgage of £84000
    December 2022 mortgage of £79000
    December 2023 mortgage of £73000
    March 2024 mortgage of £70000
    May 2024 mortgagee of £68000
  • AgathaSquirrel
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    Daily Interest rate down to £5.49. 

    First huge bill taken by Avro. I imagine we  will hear from Octopus today and we still owe our previous company money. What a mess.
    2017 - mortgage of £140,000 and interest rate of £10 a day
    Feb 2021 mortgage of £103000
    May 2021 mortgage of £100000
    July 2021 mortgage of £97000
    November 2021 mortgage of £93000
    July 2022 mortgage of £84000
    December 2022 mortgage of £79000
    December 2023 mortgage of £73000
    March 2024 mortgage of £70000
    May 2024 mortgagee of £68000
  • AgathaSquirrel
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    Still haven’t heard from Octopus.

    Teen now vaccinated.

    Quiet weekend. Just waiting for the Chinese to be delivered.
    2017 - mortgage of £140,000 and interest rate of £10 a day
    Feb 2021 mortgage of £103000
    May 2021 mortgage of £100000
    July 2021 mortgage of £97000
    November 2021 mortgage of £93000
    July 2022 mortgage of £84000
    December 2022 mortgage of £79000
    December 2023 mortgage of £73000
    March 2024 mortgage of £70000
    May 2024 mortgagee of £68000
  • glass_half_full
    Options
    Great progress!  :)
    Aiming to early retire in April 2025 - DC pension currently £356k 
  • AgathaSquirrel
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    We’ve done some work to the house this week that has eaten up most of our savings. I was roughly working out we need approximately £12000 to finish the house. Then ??? to add utility room and remodel kitchen. Long way to go.

    Had a few days away with teen and preteen which they both enjoyed.

    Now making a start on Christmas shopping. The niece and nephew parcel for abroad needs to be ready sooner rather than later.

    Preteen has asked for a very expensive gift this year. We are debating what to do but will probably go for a cheaper version of the same thing.

    We have been financially quite comfortable as we haven’t been spending during COVID but we are going back into saving mode following all of our recent spends. I do get some wobbles about the overpayments on the mortgage as this could be used in other ways which would improve our day to day lives. but leave us with a mortgage while the teen/preteen are at university.
    2017 - mortgage of £140,000 and interest rate of £10 a day
    Feb 2021 mortgage of £103000
    May 2021 mortgage of £100000
    July 2021 mortgage of £97000
    November 2021 mortgage of £93000
    July 2022 mortgage of £84000
    December 2022 mortgage of £79000
    December 2023 mortgage of £73000
    March 2024 mortgage of £70000
    May 2024 mortgagee of £68000
  • AgathaSquirrel
    Options
    Mortgage has just tipped into 93000s, another overpayment later this month will keep it there. Interest rate is down to £5.43 per day, when I started tracking interest rates, we were paying £6.45 per day, I just wish I could remember when that was. 
    2017 - mortgage of £140,000 and interest rate of £10 a day
    Feb 2021 mortgage of £103000
    May 2021 mortgage of £100000
    July 2021 mortgage of £97000
    November 2021 mortgage of £93000
    July 2022 mortgage of £84000
    December 2022 mortgage of £79000
    December 2023 mortgage of £73000
    March 2024 mortgage of £70000
    May 2024 mortgagee of £68000
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