Prosperous & Creative Soul & MFW Year 3

134689124

Comments

  • TallGirl
    TallGirl Posts: 5,530 Forumite
    Photogenic Name Dropper First Post First Anniversary
    That is a good rate for an ISA! Well done on the tidy up I would have done the same with the cleaner kindness goes a long way and I agree charity begins at home. 
    Save £12k in 24 No 50
    PB Win 21 £225, 22 £275, 23 £900, Balance Mar  £30,850 + £12K added to pension) (Wins 24 Jan £200 Feb £150 Mar £75 Apr £125) 
    Plan to move to Denmark for FIRE by 2028 “May your decisions reflect your hopes not your fears”
    New diary aiming for fire https://forums.moneysavingexpert.com/discussion/6414795/mortgage-free-now-aiming-for-fire#latest

  • KajiKita
    KajiKita Posts: 3,579 Forumite
    First Anniversary First Post Name Dropper Photogenic
    I read the feedback from the surveyor as thorough but pragmatic - some I’ve read have been so melodramatic they have been nonsensical! 😉
    Definitely ask about the building regs query - that will give you some leverage on the price. But inevitably it will depend on whether she actually wants to move. Other than the converted garage and a possible new lintel, are there any other major structural improvements that the vendor has done?

    Hope you are enjoying the art class 😊

    KK
    As at 17.03.24:
    - When bought house £315,995 mortgage debt and end date at start = October 2039 <gulp>, now £255,571, end date brought closer by 2 months  
    - OPs to mortgage = £5,965, Interest saved £2,124, to date
    - LTV 51% @ccord, 51% Yopa
    Fixed rate 2.17% ends October 2024

    Read 12 books of target 52 in 2024 (as @ 9th April)
    Produce tracker: £10.90 of £300

    Watch your thoughts, they become your words. Watch your words, they become your actions. Watch your actions, they become your reality. 
  • savingholmes
    savingholmes Posts: 27,234 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Thanks KK. The vendor has moved some walls and doors and put in an internal window and replaced all the external windows and probably the door so quite a lot.

    I need to know what's happening with the survey and valuation on this house - but ideally need it to be at least a week away from now as the house - well the lounge mainly - feels super messy. It's the sort of job that you spend more time
    over procrastinating than doing but I still don't feel I have it in me to resolve at the moment. Will see how the weekend goes. 

    Art class was fun and artistically scary as he got me to add shadows in to the portrait I did of DD and advised on colour - but it feels a bit too extreme so I need to consider how to scale it back another day and where appropriate blend it a bit more. However it has worked in terms of shadows from a distance and I never would have dared used those colours without the advice but the skin just isn't 'pink' enough for my taste. Parts of it also look like she's wearing a mud pack but other than those minor details it's great!! It'll work out. It definitely has more depth than it did before. I then need to 'ravage' DS's portrait in a similar way to improve a sense of depth. He's said if I need to I can take both portraits in again next week and he'll advise further.

    Day job tomorrow and then it's the weekend. Can't wait for the break. I think I need to add in some part or full day's leave before the Xmas break as I really want a break now rather than waiting another 3 weeks.

    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 237 payments to go - now £184,341 Equity 26.26% (lower post move compensated by EF) plus spent £10K+ on home improvements/emergency repairs
    2) Mortgage neutral by June 2030 AVC £8.063/£127,466 AVC target 6.32%
    3) FI Age 60 annual income target £12,500/30,000 41.66%
    Achievements: CC free since April 22. 1 year EF from Jan 24 & dedicated pot for home improvements
  • MovingForwards
    MovingForwards Posts: 16,898 Forumite
    First Anniversary First Post Name Dropper Photogenic
    Building regs, check when the work was done as there's a certain amount of years that have passed when no action can be taken, ask the surveyor if he believes there to be any issues with the work and get her to pay for an indemnity policy.

    Lintels are not expensive and can be put in after the event. 

    Damp could be something simple like having a bush, plant or other structure eg shed against the wall. 

    If you feel this property meets your lifetime needs and you wouldn't be moving again, it's worth paying a little more.

    One question to ask yourself are you moving to avoid doing maintenance / updating to your current property? You've mentioned a few 'minor' things to the interior of the current house several times but kitchens and things are part and parcel of home owning.
    - I'm deliberately not mentioning the outside as I know the privacy issue is one which bugs you.

    Use the time between now and getting the bank offer to really weigh everything up.
    Mortgage started 2020, aiming to clear it in 2026.
  • Big decisions to be made  - i guess the building regs is the most important one by far ...and definitely something there should be negotiation on - can these be checked before you buy? I have never bought a home but I assume one should always expect issues to turn up once you buy so having a EF/updates fund for the house  is always needed. I have heard 1-3% per year of the house value? 

    If you love the new place and think its your next step for your life then its worth a few awkward money conversations with the seller. if the building regs are dodgy what she wants money wise has to change or you have to walk - 
    Building regs, check when the work was done as there's a certain amount of years that have passed when no action can be taken, ask the surveyor if he believes there to be any issues with the work and get her to pay for an indemnity policy.

    Lintels are not expensive and can be put in after the event. 

    Damp could be something simple like having a bush, plant or other structure eg shed against the wall. 

    If you feel this property meets your lifetime needs and you wouldn't be moving again, it's worth paying a little more.

    One question to ask yourself are you moving to avoid doing maintenance / updating to your current property? You've mentioned a few 'minor' things to the interior of the current house several times but kitchens and things are part and parcel of home owning.
    - I'm deliberately not mentioning the outside as I know the privacy issue is one which bugs you.

    Use the time between now and getting the bank offer to really weigh everything up.
    This all seems v wise advice especially the indemnity policy if it can be done if she wont budge much on price. How would you enforce that going forward annually?  Can you guarantee she pays it for X number of years? Not sure the process but  it could work over a few years  but for too many it wont.

    Good Principal payment and Isa 5.2% - 
    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
  • savingholmes
    savingholmes Posts: 27,234 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Thanks LWAP

    I took the plunge and wrote to the EA asking if the seller will renegotiate. Will see what they come back with. That was mid afternoon but no response yet - but I didn't really expect one. My EA seems reasonably certain that my buyers will sort a valuation soon but are unclear if it is in person or not and whether it's the bare minimum. They seem quite cost rather than risk conscious so EA thinks they are going for the lowest cost version.

    I went back on the August meds today - they are so much better. I can't fully describe the difference but these are lovely in comparison. These genuinely helped with focus - but almost more importantly for me - my desire to constantly stuff my face evaporated again immediately. I've had no snacks yet today. I will this evening - but at least it save the extra grazing calories earlier in the day. Just had some clementines while I wait for tea to cook. Just some croquettes plus YS chicken and veg leftovers from the other day.

    I've had my heating on more this week - hoping I don't regret it. Typically it's my gas smart meter that isn't talking to the house thing. My elec one is talking and that has dropped with the price drop and DD moving out - so I'm reasonably comfortable on elec spend but unsure re gas. I think sub-consciously I'm also using the heating more in the hope of avoiding any surveyor related issues at this house.

    MF the damp spots are both on the hill side one in the bedroom and one in the kitchen - but he did say it was freezing when he was visiting - and he said it wasn't penetrating damp so hopefully will be okay. He also said the drive and then entrance into the house was a bit wonky and bad workmanship - I must admit I didn't notice when I went round so not really sure what he's talking about until he sends the report.

    I need to print my solicitor forms, get them witnessed and posted. I've belatedly realised they are trying to prepare for the Xmas break and to avoid hold ups later.
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 237 payments to go - now £184,341 Equity 26.26% (lower post move compensated by EF) plus spent £10K+ on home improvements/emergency repairs
    2) Mortgage neutral by June 2030 AVC £8.063/£127,466 AVC target 6.32%
    3) FI Age 60 annual income target £12,500/30,000 41.66%
    Achievements: CC free since April 22. 1 year EF from Jan 24 & dedicated pot for home improvements
Meet your Ambassadors

Categories

  • All Categories
  • 342.9K Banking & Borrowing
  • 250K Reduce Debt & Boost Income
  • 449.6K Spending & Discounts
  • 235K Work, Benefits & Business
  • 607.6K Mortgages, Homes & Bills
  • 172.9K Life & Family
  • 247.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards