GAP and LMG, can we become mortgage free?

girlatplay

Thank you SH.


I cooked what I think was a delicious meal tonight, first time I've cooked for us in a long time (LMG does most of the cooking), and LMG couldn't enjoy it as she has bad toothache.  She managed to get an appointment with her dentist but it's not until Thursday.  Not sure if she'll last until then.

My first OP/PAD was on 20th July.  Since then I have saved £185.  Today I got my first interest payment. 19p!  Every penny counts.  I'm not going to round it at the moment as I'm limping along to payday with spends (still over a week and a half to go) and I want to keep up with a minimum payment of £1 a day.  It will probably annoy me at some point but it will stay like that for now.

Today's OP = £1

savingholmes

Well done on the meal prep and the £1.

Hope LMG feels better soon. Tooth ache can be debilitating

girlatplay

savingholmes said:

Well done on the meal prep and the £1.

Hope LMG feels better soon. Tooth ache can be debilitating

Toothache and earache, the two worst pains.  She's really out of sorts after her holiday.  Needs Mummy's home cooking and lots of rest.


Sliding in just before midnight to declare an OP today of £1

savingholmes

Well done on the OP.  You've made so much progress in a short time.

girlatplay

savingholmes said:

Well done on the OP.  You've made so much progress in a short time.

Thank you.  I'm just drip feeding on the majority of days when I can't make a big OP.  Feels like I'm still doing something, even if it is small.  Should be a slightly bigger one, one day this week as it's cc pay off week so once the two statements come in and I've paid them I'll know how much I can move.


Another op of £1 today.

joedenise

I paid even smaller amounts than a £1 in overpayments on my mortgage.  It's amazing how much difference it makes.  It's a shame LMG can't match your overpayments so that you can actually make the payments to reduce the mortgage.

girlatplay

joedenise said:

I paid even smaller amounts than a £1 in overpayments on my mortgage.  It's amazing how much difference it makes.  It's a shame LMG can't match your overpayments so that you can actually make the payments to reduce the mortgage.

It's amazing what small payments can do.

It would be good if she could but I can't force the issue at the moment.  I'm going to see what happens when the first mortgage payment comes off (1st Sept) and then talk her into rounding it down with me.  I might be able to show her the balance come down and that might plant the seed.  I then just have to carefully nurture it.  Bf was trying to remortgage from H@lif@x to Sant-and-er (end of deal and no extra borrowing).  He was "promised" a rate but they kept asking for extra information.  They pulled it at the last minute so now he's having to stick with Hfax at a higher rate.  I'm going to use that as an example for LMG as to why we should try to get the balance as low as possible before the end of the 5 years.  In the meantime, I have to keep saving.

I've got the Tilly Tidy account too which I've actually been putting more into recently as I've had a few pences.  I don't look at that regularly so it builds up behind the scenes.  Think I said before, I have no particular plans for those funds, they're just ticking away in the background.

savingholmes

All sounds good.

Nice you have stores 😉 too

joedenise

That all sounds well thought out GAP.  Using your bf as an example of what can happen may well be the trigger to persuade LMG to at least round up the monthly payments to an even figure which would all help and reduce your borrowing need after the 5 year fix. 

girlatplay

savingholmes said:

All sounds good.

Nice you have stores 😉 too

Ha.  Yes, indeed.

joedenise said:

That all sounds well thought out GAP.  Using your bf as an example of what can happen may well be the trigger to persuade LMG to at least round up the monthly payments to an even figure which would all help and reduce your borrowing need after the 5 year fix. 

I will report on here how it goes.


Today's OP = £1