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Holey Moley!
Today I got the call to say that I have exchanged and completed on the flat I offered on in May this year. I now have a huge amount of debt, £167,000 but nothing other than that. The flat is not actually suitable to live in currently (for me) as it needs to have decoration done and the bath replaced with a shower. I know…
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Pulling my frugal pants on.
We have 13yrs and £46,000 left on the clock and our mortgage is up for renewal. We have £7000 in saving, so will use that to offset it. So we are looking at £40,000 plus interest which such a lot of money. Goals 1) Record money spent, saved and extra money earnt 2) Be as frugal as possible. 3) Maintain as sense of humour.…
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Burning the mortgage and kindling FIRE
Hello everyone, I have been following along on this thread for a long time. I have learned so much from you and have changed our plans for the better due to nuggets shared. I hope to use this thread as a diary to capture our journey with its twists and turns. I live in Scotland with my husband and two school age kids, a…
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Project Mortgage Neutral Begins
Hi. We have just remortgaged on our larger product and while mortgage freedom is still the ultimate goal I am working on the smaller challenge of mortgage neutral first. We have a smaller mortgage that we transferred when we moved 5 years ago and a larger mortgage that topped it up. Mortgage 1 Total £32097.21 Interest…
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New life, same goal! Pursey’s quest to be mortgage free.
I started a diary back in 2011 with the aim of being mortgage free within 10 years; a goal I would’ve smashed (within 7), if we hadn’t bought our dream house in the hills. Life has changed so much since 2011, most significantly because we are now blessed with 3 wonderful children. Then we found somewhere perfect to live,…
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Bricks Not Books
The first day of a New Year seems like the best time to start this diary! I was on this board under another name for a number of years, but I felt like a change of name as well as a change of diary, so here I am! Completed on new home with OH in December, we haven't even owned it for a month yet. But we have a mortgage of…
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Mortgage free july 2024
Hi guys / girls. 1st time poster here. Im 35 and been saving like a mad man since i qualifed as an electrician 15 years ago. Im finally in the postion to clear my 35 year term mortgage 30 years early in july. I also rent out my 1st property which i bought when i was 23. I had £125,000 in vanguard shares portfolio which i…
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Climbing the Mortgage Mountain step by step
Hi All I've returned to MSE after several years away, I was previously here under a different user name. I have previously been mortgage free twice in my life and both times, just as things should have gotten easier, life threw me a curve ball! This most recent time my marriage suddenly imploded and so, at the grand old…
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It always seems impossible until it’s done…
I started this journey 14 years ago with some £65k worth of debt and £118k left on the mortgage. Whilst the original aim was to clear the mortgage by the end of 2023 in line with retirement plans, it hasn’t quite worked out that way. Buuuuut if I look at what we’ve achieved, we have come so far! We cleared every single…
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Z's MFW journey
As I've been watching the MFW forum for a while, I thought it would be good to start my own thread. We bought our current house in summer 2022 and owe £126,000 on the mortgage. Hoping to pay this off before 2028 as we'll be 40 then. We're on a 2 year fixed deal until Sept 2024 at 2.64% on a 30 year term. Obviously a bit of…
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Five Year Fix, Five Year Plan
I've not even got a mortgage yet, but here I go. I'm finally getting on the housing ladder and settling, after living around the country for the last decade. I've been in a position where "I'm just about to buy" for about 8 years for various reasons, so while I've not spent well, I could have saved better instead of…
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Overpay mortgage or put money into pension?
I am a very late starter with my pension. I'm in my 50s and only started paying into one about 5 years ago. I'm self-employed and contribute on an ad-hoc basis. There is around £15k in there. I have a flexible mortgage which I really like because I can draw down money if I ever need to (roof repairs, new car etc) without…
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Marginal Gains
After a lot of lurking I thought I should start my own diary. I am about to start a new job with 20% pay rise and a 5 year contract. So this diary is about how I can improve our financial situation over this time - so if my contract isn’t renewed I can afford to take a lower paying (and less stressful job). I have a lovely…
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The Piano Diary
Good morning diary and all, I recently became debt free after 31 months of debtbusting over on Debt Free Wannabe, following the advice and diaries on this site. Here is my previous diary My debt free diary I have found keeping a diary really helpful in staying focused and also therapeutic being able to think things through…
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Getting shot of the mortgage sooner than 2049!
Hi everyone! So... 2049... yes, that’s the current end date for our mortgage and at that point I’ll be (gulp) 61 and my husband Red will be 64! I DO NOT want us still to be paying a mortgage in our 60s and so I’m starting this diary. I’ve had a diary over on debt free wannabe for the last 8-9 months and it’s been so much…
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Starting Afresh Back Home
Hi Everyone. It's been over a year since I posted on the forum and a lot has changed since then so I thought I'd start a fresh new diary to go with my fresh new chapter in life. Last year my marriage broke down and I left Yorkshire and moved back to my home village in Lincolnshire. I'm currently living with my parents but…
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A Dream Worth Dreaming?
Long time lurker, first time poster …. Hopping on because I come here for inspiration regularly …. so my story and plan I will share because I’m starting to flag and lose motivation … insights and opinions appreciated 😊 bought a London flat for £355k in 2017… £60k deposit, £153k mortgage and £142k help to buy loan 2020…
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Twinklies mortgage journey 2.0
New Beginnings So today is the start of our remortgage and as such I thought it would be nice to start a shiny new diary. Hopefully I can be reflective of the journey so far and make some new and focused goals. Just to bring anyone who doesn't know me up to speed. I am married, 2 kids, a dog, a house and an allotment.…
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Roll on October 2025!
Thought I would start my own thread! * Mortgage taken out c.10 years ago for £95,000 * Have had several rate changes in that time * Now on a 1.4% fix through until October 25, with currently 9 years left on the overall mortgage term * Have overpaid a lot pre 1.4% deal and since savings rates went above this, overpayments…
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Tm's MFW ramblings
Hello :) I've been overpaying but with no real consistency or effort put in to it, for a while now. After getting locoblade's spreadsheet I realised how much I could be saving, so I want to give this my attention. Ideally, I'd like to be MF twice by 42. I'm 29 this year (OH is 38 this year). I did once upon a time dream of…