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Moving on up! 🏡
Jessy103
Posts: 2,569 Forumite
As of this week, I am mortgage free! Unfortunately, that won't be for long.
I currently live with DH and our 3 dogs in a one bedroom semi-detached bungalow with no garden or parking. It's what I could afford on my own when I first moved in back in 2019, but now it's time for us to save and move up the ladder.
Ideally, we would like a 2/3 bedroom bungalow with a garden and a driveway. I'm 39 and DH is 41, so we would like to get the new place paid off by the time DH is 50.
Our budget is £220,000 and once the little bungalow that we are in now is sold, that will get rid of a nice chunk of the new mortgage.
Let's get to it!
P.S Here is the link to my previous diary where I paid off my little bungalow (with the help of DH of course!)
https://forums.moneysavingexpert.com/discussion/6000770/starting-afresh-back-home#latest
I currently live with DH and our 3 dogs in a one bedroom semi-detached bungalow with no garden or parking. It's what I could afford on my own when I first moved in back in 2019, but now it's time for us to save and move up the ladder.
Ideally, we would like a 2/3 bedroom bungalow with a garden and a driveway. I'm 39 and DH is 41, so we would like to get the new place paid off by the time DH is 50.
Our budget is £220,000 and once the little bungalow that we are in now is sold, that will get rid of a nice chunk of the new mortgage.
Let's get to it!
P.S Here is the link to my previous diary where I paid off my little bungalow (with the help of DH of course!)
https://forums.moneysavingexpert.com/discussion/6000770/starting-afresh-back-home#latest
Starting Mortgage Balance (June 2019) £72,000. Mortgage Free November 2025!
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Comments
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Right, so targets:
I am aiming to save £10,000 between now and June next year. It will be my 40th birthday at the end of June, so wouldn't buying a new place be the perfect 40th birthday present!
DH already has £9,000 in savings, but is looking to save another £10,000 as well, giving us £29,000 for a deposit, fees and everything else that goes with it.
It's ambitious, but I'm feeling motivated now the pesky little bungalow mortgage has gone.
Current savings: £200/£10,000Starting Mortgage Balance (June 2019) £72,000. Mortgage Free November 2025!8 -
It's good to have a goal, both for money and action. Hope you get your new home for your 40th!!
I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
Check your state pension on: Check your State Pension forecast - GOV.UK
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung
⭐️🏅😇🏅🏅🏅6 -
Happy shiny new diary Jessy! 😃 I've subscribed and will be cheering you on!😃5
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Happy shiny new diary to you.Subscribes. 🤩I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger.
One debt remaining. Home improvement loan. 21 months left.3 -
I look forward to part two. Good luckXXGoal 1: Apply for benefits.
Goal 2: Get a lodger.
Goal 3: Get a regular routine in place.
Goal 4: On outcome of benefits plan finances.
Goal 5: Save EF if possible.3 -
Happy shiny new diary, Jessy! May 2026 be the year you find the perfect place!I am the master of my fate; I am the captain of my soulRepaid mtge early (orig 11/25) 01/09 £124616 01/11 £89873 01/13 £52546 01/15 £12133 07/15 £NILNet sales 2024: £204
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Yay, a new diary for a new adventure. Looking forward to following the property search!4
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Yay, new diary (and I totally now have Heather Small in my head 🤣!)
Can't wait to follow along with more of your epic progress 🩷!Mortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!3 -
I’m here too! Excited to hear about the next chapter 🏡SPC #023 SPC 12: £125.86; SPC 13: £214.98; SPC 14: £297.41; SPC 15: £237.27; SPC 16: £335.39; SPC 17: £662.09 SPC 18: £660.03; SPC 19 ?
MFW #21 Mortgage start Dec 2015 £79,950; Feb 2026 £15,750 2025 OP £2991/£2,000 2026 £499/£5,500
MFiT T6 #3 £19070/£25,500 (72.82%%) MFiT T7 #3 £6070/£21,930 (27.67%)4 -
Happily following along, ready to see you reach your next goal of buying your dream home
Me, DD1 20, DS 18, DD2 15, Debt Free 04/18, Single Mum since 11/193
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