My 2 year battle to try to keep our home

jwil

I've just read through your diary, and what a year you've had!  I admire how you've managed it all.

I have no expertise on any of this, but I'd go and see a mortgage broker or IFA to see what would be possible in terms of mortgage.  Like savingholmes I have used L&C in the past, and they got us a good high street deal when our existing lender wouldn't allow us to port our mortgage.

I can only wonder at people who think £50k is nominal!

doingitanyway

Yay! your brother acted just as I hoped he would
You are doing great as usual.

Buffythedebtslayer

you are doing brilliantly. really impressive. try and remember how well you are doing ok ? XXX 

Tiredbutdetermined

Thanks guys.
Back home from our lovely couple of days but exhausting drive! 

Heliodor had turned me down for a mortgage before Christmas but I asked for it to be passed to the underwriters to look at as I don’t pass affordability on a mortgage I have paid for the last 6 months with no bother and will continue to pay. They rang back this morning with another no, which I totally expected but I am very much starting to suspect that it will always be a no from them.
I got in touch with a mortgage advisor before we went away so she is calling on Tuesday. I am really excited about going down that line and looking for a permanent mortgage deal even if it does take me ages to work to be able to get one. Hopefully she can help me work out how to balance the future equity in the house against what to save in a deposit and what to pay off debts.

My friends have also pointed out that I probably need to take out a new car finance as that is a frugal step too far. I wanted to keep my car, which is on a pcp and hoped to pay off the balloon payment or take a short term loan at the end then keep it. However, I have 2 teens and a pre-teen squeezed in a fiat500. The boot doesn’t hold our bags for 2 night away so we have to use the foot wells. I think I have to admit it doesn’t fit our lives now and it was originally intended as a second car to my ex’s vw transporter with 8 seats and the (ewww!) fold out bed.

I spent too much whilst we were away so January will be tight but the credit card payoff is dangling in front of me so these should be an exciting few months for progress

Honeysucklelou2

Glad you had a good time away.  Wishing you a happy new year.

savingholmes

Happy New Year

binao

Happy new year 2022.  Your year of progress.

Fortune_Smiles

Happy New Year!

Fortune x

Tiredbutdetermined

Thank you for the new year wishes.
I am feeling a little inexplicably huffy today.
I sat and worked out a budget a couple of weeks ago and was excited to get started on January 1st but it is already messy due to the annoying getting paid on 22nd December. I would have loved to have popped my pay away until 31st but I have been ending up in my overdraft each month (my overdraft is only £250 and the fees aren’t horrific). It didn’t make sense to use my overdraft when the pay was sat there.
I have budgeted £40 a month for car maintenance, which is probably more than enough over the year but I spent £118 on brake disks and pads this week and need to replace my tyres this month too. I genuinely don’t expect to spend anything else for the rest of the year so it is just a pain it has all come at once and at the start of my budget.
I need to stop beating myself up. This month will be tough, especially as the side hustle pauses over Christmas and new year so probably won’t restart until mid January (although that goes on solicitors fees at the moment).

I think I need to see January as a budget trial run and a chance to see how well my budget will work in future so I can adapt going forward. If the month is tight I need to be cautious about debt overpayments not leaving me too short to survive.

However, I have paid a whopping 44p PAD to my credit card - whoop!  

RosaBernicia

Happy new year!

On the bright side, if you are annoyed you are definitely motivated so once the car stuff is done you'll really get going!