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Hurrah, my MFW quest has started
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What a pain! and I can't believe they got this year's code wrong again! Good luck getting it all sorted out.Borrowed £150,000 in an offset tracker mortgage in May 2007 - MFD May 2041 (67)
Jan 2012 - £125,620.02 / 2,913.87 / Nov 2032 (58) :beer:
Apr 2012 - £122,901.88 / 3,170.91 / Jul 2032 (58)
Jul 2012 - £122, 589.02 / 3,507.99 / Sept 2032 (58)
Oct 2012 - £120,476.31 / 3,889.42 / July 2032 (58)0 -
That is bad news indeed unlike you hope you get it all sorted. I have all that sort of stuff but DH has an account so I can always ask him for help if I need it.
Take care and hope you have lovely sunny weather at your end.Save £12k in 25 No 49
PB Win 21 £225, 22 £275, 23 £900, 24 £750 Balance Dec 25 £32.7K
Plan to move to Denmark for FIRE by Autumn 2025 “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#latest0 -
What a pain! and I can't believe they got this year's code wrong again! Good luck getting it all sorted out.
Thanks Sepa, yes, getting this years wrong again was the icing on the cake but I think I've now managed to get all the problems to the surface to just got to crack on paying for it nowThat is bad news indeed unlike you hope you get it all sorted. I have all that sort of stuff but DH has an account so I can always ask him for help if I need it.
Take care and hope you have lovely sunny weather at your end.
Thanks TG, yes, we had a few lovely sunny days last week but countered by strong winds and even a bit of sleet this week!MFW Start Date 1.4.08. Updated 23.1.18. MFW date 1.8.18
Original Mortgage o/s £187,643 / £71,904 (-115,739)
Repay o/s £92,661 / now £55,900 (-36,761)
Int Only o/s £94,982, now £16,004 (-78,978)
Total daily interest £1 [a) £0.77 b)£0.23
Total OP's:2018 target £TBC YTD £1,9950 -
Well I heard about my payrise this week and I'm getting 2.75% which is a bit better than expected so I'm pleased with that.
When I paid my £500 OP's last month I made two separate on-line transfers of £250, however, one of them was returned to me as a 'refund' a whole week later. I rang C&G and they couldn't explain it and said they hadn't returned it and it must have been my bank. I haven't bothered to ring my bank as I don't think it was them; I made both payments using the faster payment system using the same details stored in the system as I have used for three years so it's all very mysterious! Anyway, I re-sent the £250 and all seems well this time.
I've also just booked a 5 day city break for Europe in July, £350 all in for flights, B&B in a really nice 4 star hotel that I've used before so I'm quite pleased with that. I'll probably have another few days away later in the year but I think that will be all on the travelling front for me this year.
No further news on the tax front, apparently they are sending me a letter in the next two weeks outlining next steps and I've now decided to borrow the £4872 from my parents - which they kindly offered - and pay them back over the next 10 months or so. I know I'm lucky I can do this but i've decided I'd rather have HMRC off my back and I'm not sure I trust them to administer the repayments correctly lol
Hope you are all doing well
Regards
ATTMFW Start Date 1.4.08. Updated 23.1.18. MFW date 1.8.18
Original Mortgage o/s £187,643 / £71,904 (-115,739)
Repay o/s £92,661 / now £55,900 (-36,761)
Int Only o/s £94,982, now £16,004 (-78,978)
Total daily interest £1 [a) £0.77 b)£0.23
Total OP's:2018 target £TBC YTD £1,9950 -
Sound like you have very nice parents I would not trust HMRC at all seen to many people caught up in the tax credit mess. The city break sound lovely. Where are you going? DH I have done many short break like that as he has his own business making it difficult to take time off.Save £12k in 25 No 49
PB Win 21 £225, 22 £275, 23 £900, 24 £750 Balance Dec 25 £32.7K
Plan to move to Denmark for FIRE by Autumn 2025 “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#latest0 -
Hi TG
I'm going to Barcelona, I've been once before and really liked it, have you and your OH been there before? If not I'd be happy to recomend a hotel, travel info etc.
I forgot to say that I booked it using Lastminute.com who I've used before but I also did it via the Topcashback link so got money back from that (I think around £25 for the two of us) and I booked the car into the airport carpark, again via Topcashback (about £3 back on that) so every little helps. I've also got about 200 Euros in the house from last year so that's good too. I was suprised last year how cheap Barcelona was, I'm not saying dirt cheap but in comparison to Italy where I was in the early part of last year it was massively cheaper!
I actually spent about two hours researching the booking even though I knew exactly which flights and hotel I wanted as there was so many different cost options depending on how I did it e.g. separate flight and hotel, direct with hotel or via someone like lastminute/expedia/venere etc and then there was the Quidco/Topcashback aspect to take into account, this MSE larks gets to you doesn't it lolMFW Start Date 1.4.08. Updated 23.1.18. MFW date 1.8.18
Original Mortgage o/s £187,643 / £71,904 (-115,739)
Repay o/s £92,661 / now £55,900 (-36,761)
Int Only o/s £94,982, now £16,004 (-78,978)
Total daily interest £1 [a) £0.77 b)£0.23
Total OP's:2018 target £TBC YTD £1,9950 -
I was dying to pay an extra £220 of my mortage last month to get it to £158, 999 but I'm having such a tight month financially what with paying £350 for a holiday and £100 on unexpected back treatments and a birthday and I'm also conscious of the looming tax payments so I've had to settle with waiting for this months payments to take me nicely below the £159k.
I know it doesn't make mathematical sense but I was just saying on TG's thread that I got a big boost when I dropped below the £160k this month as I now feel closer to the 100k mark than the 200k mark if you know what I mean and whilst it's still a scarey number it's a lot less scarier than the £190k I started with.MFW Start Date 1.4.08. Updated 23.1.18. MFW date 1.8.18
Original Mortgage o/s £187,643 / £71,904 (-115,739)
Repay o/s £92,661 / now £55,900 (-36,761)
Int Only o/s £94,982, now £16,004 (-78,978)
Total daily interest £1 [a) £0.77 b)£0.23
Total OP's:2018 target £TBC YTD £1,9950 -
I'm going to make this post just about my BTL: It still owes me £289 and I thought I'd be repaying that to myself at the end of last month but I forgot I'd be getting less rent this month as the letting agent will be taking a 'rollover finders fee' this month as the tenant extended his original term. Not to worry, although things are tight this month for me I can certainly wait for it.
My tenant is apparently with me until May and there is chance he may come back within a couple of months. TBH he's been such a good tenant (and popular with neighbours too) that if he did want to come back I would be prepared to keep it empty for him for a couple of months. I don't want to count my chickens though so It's wait and see on that frontMFW Start Date 1.4.08. Updated 23.1.18. MFW date 1.8.18
Original Mortgage o/s £187,643 / £71,904 (-115,739)
Repay o/s £92,661 / now £55,900 (-36,761)
Int Only o/s £94,982, now £16,004 (-78,978)
Total daily interest £1 [a) £0.77 b)£0.23
Total OP's:2018 target £TBC YTD £1,9950 -
abouttimetoo wrote: »This month I'm planning to use this years ISA entitlement in full - it will be used via shares rather than cash though.
My brains in such a muddle about my shares, I just can't seem to decide whether to sell some or not, I would like to sell some but, with the intention of buying the same amount back but hopefully at a lower price, I'd like to do this off and on but as everyone knows this type of call isn't easy or we'd all be millionaires
As well as it being good sense putting more shares in my ISA it's also with a view to selling and re-buying within the ISA so that I'm not taxed on profits etc
I think I'll decide on a fixed amount of shares to play with as I want to keep the majority of them for a long term hold. It's Lloyds shares I'm talking about and I'm sick of seeing them go up and down and up and down; I've not been brave enough to take advantage of these swings but think I'm just about resolved to do it now. I think I might use 10,000 of them to play with, I'm thinking of putting a sell order on for around 77p and a buy order on for 73p, this would mean that for every penny they drop I would get £100 so a 4p drop would mean £400 (excluding dealing costs)
I keep a close eye on the shares and various bulleting boards and think that at the moment the two figures I've mentioned are entirely possible.
Does anyone have any views on Lloyds shares and what I'm planning?
Well, I never did get those shares in an ISA but no harm done as I can do it this year and it's not like I'm planning on selling them any time soon so not going to get stung on tax.
Re selling some of the shares, I faffed about far too long with this one and MUCH to my regret didn't act quickly enough and the shares went into a decline and are now a good 13 pence less that when I posted this last Spetember. If I see an oppotunity like this again I won't be so slow to act!MFW Start Date 1.4.08. Updated 23.1.18. MFW date 1.8.18
Original Mortgage o/s £187,643 / £71,904 (-115,739)
Repay o/s £92,661 / now £55,900 (-36,761)
Int Only o/s £94,982, now £16,004 (-78,978)
Total daily interest £1 [a) £0.77 b)£0.23
Total OP's:2018 target £TBC YTD £1,9950 -
abouttimetoo wrote: »I've just been reviewing the AIM shares I've been dabbling with, I normally take a snapshot every Friday of how they've been doing but the intention was to keep them for about a year - I bought them in October though I did sucumb to one more small dabble last month.
I invested £1750 in total but £1000 of that is mine and £750 is my mothers. As we speak they are running at a loss of £258 but a couple of weeks ago they were about the same amount in profit; I only note the figures above for interest as I still belive the situation will be different in 6 months time.
I used the money to buy shares in 8 different companies so as you can see not great sums of money invested and mostly of the penny type. I've not dabbled in AIM before and I'm finding it really interesting following them and I'm in complete awe of the one who day trade and seem to do it very well. If I had the knowhow - not to mention the courage - I'd do it too as there looks to be great opportunties if you trade on the swings e.g. one of the shares that I'd bought for 1p went to 3.3p though now back down to 1.81p, I only bought £200 of them but as you can see if i'd timed it right then it would have been a nice 200% profit. There may come a time when I attempt a couple of trades like that but I can see it's not for the feint hearted
Just an update on the AIM shares I bought and lol to my 6 month hopes, there are a few sectors on AIM that all seem to have been heavily hit so it's of course effected me
The £1750 of purchases is now worth £1078.5so a good chunk down. I did spread it across 8 companies so only small amounts in each and I'll just continue to follow them with interest and see what happens as some are up and some are down. More than happy to let them sit there for a good while longer as for 6 out of 8 of them I'm happy with their future prospects
MFW Start Date 1.4.08. Updated 23.1.18. MFW date 1.8.18
Original Mortgage o/s £187,643 / £71,904 (-115,739)
Repay o/s £92,661 / now £55,900 (-36,761)
Int Only o/s £94,982, now £16,004 (-78,978)
Total daily interest £1 [a) £0.77 b)£0.23
Total OP's:2018 target £TBC YTD £1,9950
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