2008 MFW newbies

LouiseJ

:j Snaggles:j

Great to see you here matey:T

Not sure how much I will be able to overpay this month but I will definately be sending something off......post holiday skintness I am afraid:o

Juli

Hi bellsbells,

I'd like to join this thread. Having discovered MSE earlier this year, I'm gradually sorting out a few financial things, and would now like to start paying off some of my mortgage.

I'm aiming (perhaps a bit optimistically) at £9000 this year.

sky-blue_pink

Thanks Snaggles.

Had a browse around this site and I have decided to do several things:

• Me and hubby had small pay-rises recently (not sure how much this will amount to net, yet) so I could use this (or some of this) to further over-pay.
• I have never sold anything on e-bay (though bought plenty). My mother-in-law adores buying my daughter French-made outfits, which, instead of giving away when too small to friends, I shall now sell. Shall ask a friend to help me set it up.
• I do my Tesco shopping on-line (using voucher’s, naturally) but I am going to set myself a budget and, if over, shall delete off things until I’m within it. Not sure how much though for four hungry mouths to feed…£80?

That should do to start with….

galadriel

Hi sky-blue pink - pop along to the Grocery Challenge on the Old-Style board for plentyof tips on cutting down your shopping budget. There's loads of recipes and tips about what's best value in which supermarket.

Snaggles

Thanks Louise :wave:

Floxxie

Snaggles wrote: »

I sold my shares yesterday and should get the money through in the next couple of days - there is enough to pay off all of the secured loan and a little bit off the mortgage, taking my total mortgage to below £32k....woohoo!

Will update properly once I know the exact figures, but then I will have to set myself a new target.

We sold our shares a few days ago. You don't happen to work for a very large bank do you?
I was very p*ssed off as I had dropped the limit having spent a few days not selling them as they were dropping. So of course when I do drop the limit, they went up again - agghhh - at least I didn't lose thousands in the process and I am glad to get rid of them. Once settled, they shall be popped into the offset pot.

Floxxie

Snaggles

Floxxie wrote: »

We sold our shares a few days ago. You don't happen to work for a very large bank do you?
I was very p*ssed off as I had dropped the limit having spent a few days not selling them as they were dropping. So of course when I do drop the limit, they went up again - agghhh - at least I didn't lose thousands in the process and I am glad to get rid of them. Once settled, they shall be popped into the offset pot.

Floxxie

I work for a small 'arm' of a very large bank

I start a new 5 year sharesave each year, so that I have one maturing every year. The share price was a lot higher a couple of years ago when the first one matured, and has been rubbish ever since :rolleyes: but the price went up quite nicely yesterday so I sold them. I will probably be kicking myself in October, as they tend to go up a bit then, but I think I've 'made' about £2k, so I can't complain really.

newmoneysaver_2

I've been away from this thread for the past few months. I have been trying to work out the best deal for a re-mortgage. We secured a First Direct 5yr fixed @ 6.29%, with £800 fees. I was just waiting for my latest payslip to send off the application when Nationwide (current lender) announced they had reduced their rates and waived the fees for existing customers.

I had an appointment with them today and secured a 5yr fixed @ 5.98% with no fees, but this is with a 75% LTV - which means we have to drop the mortgage down to sub £124k. I have just overpaid by another £500 today and still have sept payment to come off and another £500 overpayment. This does mean that we will need another £2k, but a short term loan from my lovely parents will mean I get a much more favourable rate for the next 5yrs and forces me to reduce to mortgage. I will pay them back over the next 2-3 months.

My total overpayment to date is £1800.

laurar3

I have overpaid this month by £532 most I have ever overpaid by I am hoping it may make a bit of a difference ! So it will be nice when I see my mortgage at the end of the month sub £110k. Feels like it will take forever though.....:A

torbrex

My regular overpayment goes through today and added to the lump sum I paid earlier in the month takes this months total to a whopping £3795.66.
It seems that the more I pay off, the more I want to pay the rest as quickly as possible.
I have a LTSB regular saver due to mature in Feb next year but am considering using it to pay off my remaining mortgage when the balances are about equal in October, it pays 8% less tax and with my growing desire to pay the mortgage I am starting to think it will be a certainty. My aniversary date is the 16th and if I go for it it will be 9 years early.