Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Kittenkirst
    • By Kittenkirst 5th Feb 16, 10:35 AM
    • 1,897Posts
    • 10,183Thanks
    Kittenkirst
    Getting a mortgage and then becoming mortgage-free!
    • #1
    • 5th Feb 16, 10:35 AM
    Getting a mortgage and then becoming mortgage-free! 5th Feb 16 at 10:35 AM
    Hi all!
    So from my title you may have guessed I don't yet have a mortgage, however I am hoping that will all change within the next few weeks.
    I will then start on overpaying the mortgage and really penny pinching to try and reduce it down as much as possible!

    I'm hoping this is alright to start my diary in here? :-)

    The story so far, my lovely girlfriend and I have been discussing getting a place together for some time. We started looking at houses (al very small and far from her parents- which is a no-no, we want to be close to them to visit regularly). Last weekend we went to see a new build development and fell in love with a house- less than 2 miles from her parents, perfect size for the two of us and within our budget (from getting mortgage in principle information and confirming monthly payments were well within our budgets).

    Sooooo we took her parents round for their seal of approval, spoke with an agent we know through the family about pertinent questions to ask, did lots of number crunching and then placed a reservation.....

    ....so we've now got paperwork from solicitors re the conveyancing etc and paperwork from the mortgage advisors to sort out this weekend.
    We have re-jogged our budget to ensure we had the deposit in savings by end of Feb (we thought we'd have a few months before we found anywhere) so are ready to almost hand over 18500 :O

    I have agreed to move into her parents house and pay rent in mid March to prevent paying rent, bills and food (will save an extra 500 a month) so we should be in a good position for when the house is ready September/October time!

    Does anyone have any hints or tips so far?

    Our brokers/solicitors are ones recommended by family who've used them and really recommend them and we've sense checked the rates the solicitors charge to ensure its competitive.
    2018 MFW #20 - OP 1799.61/ 3000 60%
    Mar: 218 Apr: 528.91 May: 361.07

    Mortgage Oct '16 170.995 LTV 90% end: Nov 2041
    Overpayments 2016 255.50 2017 2600.40
Page 68
    • Kittenkirst
    • By Kittenkirst 25th May 18, 10:24 AM
    • 1,897 Posts
    • 10,183 Thanks
    Kittenkirst
    I tried to send you a pm last night but it doesn't seem to be in my sent items folder. So either your inbox is full, you'll get multiple messages arriving at the same time, or i being particularly dim about the whole process!! May be worth you messaging me and i'll reply?!?!
    Originally posted by shangaijimmy

    Morning I've received it twice so you've managed to send it somehow- thank you very much i shall log onto my laptop a bit later and check it all out!
    2018 MFW #20 - OP 1799.61/ 3000 60%
    Mar: 218 Apr: 528.91 May: 361.07

    Mortgage Oct '16 170.995 LTV 90% end: Nov 2041
    Overpayments 2016 255.50 2017 2600.40
    • Kittenkirst
    • By Kittenkirst 25th May 18, 10:33 AM
    • 1,897 Posts
    • 10,183 Thanks
    Kittenkirst
    Update on the laser eye surgery front, after a bit of googling yesterday I found that one of the places has an offer for 15% off but when you click the link there is no discount. I therefore rang that clinic and asked about it which they said they couldn't do as they don't know anything about it but they could offer an additional 500 off (the discount took 508.70 off) so they've pretty much matched it.

    This now makes it just over 1200 cheaper than the other clinic, however they are calling gf this morning to discuss how we got on yesterday as think they are keen to secure both of our custom so I'm hoping that they can offer a similar amount as would like for us to go to the same clinic together etc as we'll have to travel to Birmingham for the day

    Yoga and gym done this morning and now relaxing with a cuppa and a cuddly Oscar

    We foolishly started painting one line of our fence in the garden last night, it then went really overcast and rained luckily it looks like the paint dried enough that it's not ruined it but means we have one line painted and the other two lines not with people over on Monday afternoon for dinner
    2018 MFW #20 - OP 1799.61/ 3000 60%
    Mar: 218 Apr: 528.91 May: 361.07

    Mortgage Oct '16 170.995 LTV 90% end: Nov 2041
    Overpayments 2016 255.50 2017 2600.40
    • Kittenkirst
    • By Kittenkirst 26th May 18, 6:40 PM
    • 1,897 Posts
    • 10,183 Thanks
    Kittenkirst
    Another gym & yoga session completed today although feeling a little headachey today so think I need a bit more h2o today.

    It's a bright sunny day here so we've managed to paint another line of the fencing, only one more left to finish and just under two pots of paint left (had to go and buy four this morning-54!) gone are the bank holidays of old getting drunk in a beer garden, replaced by similar spends but a weekend of fence painting I guess this is getting older :rofl:

    Gf has made a nice chunky OP today from her bonus- so a nice 200 overpaid this morning helping us get closer to our target for the year. I'm very conscious we need to reduce our OPs down pre Oz so trying to maximise them now.

    I'm very exciting news we are both now booked in for laser eye surgery. The clinic that will treat gf couldn't match my cheapest offer but they did reduce the price pretty dramatically, and to make life easier we have both booked at that clinic for 28th June.

    Whilst it wasn't the cheapest (is 300 in total more than the last clinic) I felt very comfortable with all the discussions I have had, all the reviews I have looked up and the fact that the gf and I can have it done same time & place and then do all our aftercare sessions together.

    The total cost for me is 3295 down from 4590. It scares me somewhat that they would haggle that much as I probably wouldn't have thought to haggle due to it being a clinical procedure.

    Savings has taken a 500 hit though to pay the deposit and have taken out 0% finance for 24 months rather than exhausting the easy access savings pots.

    This weekend is therefore going to be a low spend weekend, with a swimming lesson for gf tomorrow (I will do lots of lengths!) and then some friends over on Monday

    Oh, and the entertainment has been announced for the Singapore Grand Prix - the killers and Liam Gallagher are the ones I'm excited about with gf looking forward to Dua Lipa, but considering we are going for the racing having a good lineup is a real bonus
    2018 MFW #20 - OP 1799.61/ 3000 60%
    Mar: 218 Apr: 528.91 May: 361.07

    Mortgage Oct '16 170.995 LTV 90% end: Nov 2041
    Overpayments 2016 255.50 2017 2600.40
    • Kittenkirst
    • By Kittenkirst 28th May 18, 3:20 PM
    • 1,897 Posts
    • 10,183 Thanks
    Kittenkirst
    Went swimming yesterday and gfs is going really well, as there was no lesson after hers I was able to join her in the roped off section and we practiced her techniques from the lesson and she's massively gained confidence. I'm managing 30 lengths a time now so getting stronger, I just need to work on getting over putting my head under the water- that's my aim for the next few weeks.

    Gym session done today and then a Lidl trip for dinner party supplies for this evening: planning gluten free nachos, build your own chicken breast burgers with masala chips followed by salted caramel brownies. One batch of brownies were made yesterday and turned out quite well, made another batch this afternoon but they have turned out quite gooey so that may be a chocolate brownie mess with ice cream ha

    (Picked up some gluten free cake for the gluten free friend as not so sure on the gluten free baking!)

    We've managed to sort out the larder cupboard- cleaned it all out and rationalised what we had in there, feels nice and organised now and easy to see what we have.

    House is all spick and span so we're just sharing a brownie and having a cuppa before getting washed and ready for this evening, we can thennstart prepping the food.

    Really looking forward to tonight, the friends who got married in March are coming over and bringing the wedding video- geekily looking forward to watching it all. They also went to oz for their honeymoon so may get a chance to find out where they went/what he recommend etc.

    11 days until Download festival too-
    Last edited by Kittenkirst; 02-06-2018 at 7:30 AM.
    2018 MFW #20 - OP 1799.61/ 3000 60%
    Mar: 218 Apr: 528.91 May: 361.07

    Mortgage Oct '16 170.995 LTV 90% end: Nov 2041
    Overpayments 2016 255.50 2017 2600.40
    • MichaelDH
    • By MichaelDH 29th May 18, 2:02 PM
    • 119 Posts
    • 531 Thanks
    MichaelDH
    Hey KK

    Your dinner party menu sounds delicious! Hope all goes well tonight :-)
    Starting Balance August 2016: 170,199.00 | Current Balance (4th October 2017): 164,720.53
    OP's to date (starting August 2017): 906.58

    Target: Balance below 160,000.00 by June 2017
    • Kittenkirst
    • By Kittenkirst 2nd Jun 18, 8:15 AM
    • 1,897 Posts
    • 10,183 Thanks
    Kittenkirst
    Thanks Michael, we had a lovely evening reliving the wedding and everyone seemed to enjoy the food too

    This week has passed in a bit of a blur- went back to work this week and it has been pretty hectic! Managed another swimming session with the gf on Wednesday though and managed to conquer the fear of putting my head in the water!!! Just need to keep on practicing it and get used to it so I'm all good for snorkelling etc in Oz.

    Booked my annual leav for the laser surgery now, and we're looking at prebooking our train tickets this weekend too so we know we are sorted.
    I need to visit my docs to get them to sign some paperwork as I foolishly told the optician that I had work related anxiety last year, so I need the docs to confirm that I'm no longer being treated to it before I can have the surgery. Will try to sort that on Monday if the docs play ball- they can often be a little difficult and lose paperwork etc so we shall see:

    I've been trying to use the net worth tracker Shanghai Jimmy kindly sent but it doesn't work on my phone and my work laptop blocks the site so will just have to try and make my own method of tracking it.

    Will try and log in later tonight to update my May totals for everything, as we are off kayaking shortly. Signed up for a paddle sports session this morning at an outdoor pursuits place- starts at 9.30am for 1.5hrs so I'm intrigued with how it will go. It was 10 each for the session, hopefully we will have a few gos at it and see if we like it- if we do we can arrange some sea kayaking in Oz. If we don't then we can do something else
    2018 MFW #20 - OP 1799.61/ 3000 60%
    Mar: 218 Apr: 528.91 May: 361.07

    Mortgage Oct '16 170.995 LTV 90% end: Nov 2041
    Overpayments 2016 255.50 2017 2600.40
    • Kittenkirst
    • By Kittenkirst 2nd Jun 18, 4:19 PM
    • 1,897 Posts
    • 10,183 Thanks
    Kittenkirst
    End of May figures:

    May Totals - Payment 20
    Closing Balance - 158,376.54
    Total OP's - 561.67
    Net Reduction - 1033.46
    Daily Interest - 7.19
    LTV - 78.4%
    % Loan Remaining - 92.6%

    Length of Diary Figures
    Total Reduction - 24,400.02
    Cumulative OP's - 4849.56
    Ave OP's - 242.48
    Ave Net Reduction - 630.93

    From a net worth perspective, savings took a drop of 905 based on 500 deposit for the laser eye surgery and 405 for the tax/student loan debacle which I've now paid to get rid of and claim back the credit when the fees are removed!

    Sharesaves and sip plans increased by 240 and pension pot/lifetime ISA increased by 440= 680 overall

    Making my net worth movement approx of 225 reduction for this month.
    2018 MFW #20 - OP 1799.61/ 3000 60%
    Mar: 218 Apr: 528.91 May: 361.07

    Mortgage Oct '16 170.995 LTV 90% end: Nov 2041
    Overpayments 2016 255.50 2017 2600.40
    • Kittenkirst
    • By Kittenkirst 2nd Jun 18, 7:12 PM
    • 1,897 Posts
    • 10,183 Thanks
    Kittenkirst
    Just a quick post to mention that we LOVED the kayaking this morning!

    We went in a tandem open top kayak and it was so much fun- we paddled upstream a km (which took quite a while with us all getting used to steering etc and moving out of the way for barges) then played stuck in the mud (well canoe!) which was great fun and then paddles back. We both got pretty soaked through so got changed at the centre. We both loved it so much we have booked in for another two sessions- one in June and one in July

    1.95 credit interest received this morning on our joint bills account so that had been OP'd and started the June OP ball rolling which always makes me happy

    Some YS salmon sliders for supper tonight bought last month at Tesco's and frozen- think we'll have it with some nice crusty bread leftover from having gfs cousins over on Thursday night, and probably a nice rainbow salad (spinach, red cabbage, carrots, pepper, beetroots etc!)

    Early morning gym session tomorrow- we have a joint weights session which I enjoy doing- then it's swimming time and then potentially a yoga session. The coming week is going to be hectic with us both having lots of work travel and long days (groan!) so trying to make sure we get workouts in where possible.

    And then on Friday it's Download Festival I cannot wait!!
    2018 MFW #20 - OP 1799.61/ 3000 60%
    Mar: 218 Apr: 528.91 May: 361.07

    Mortgage Oct '16 170.995 LTV 90% end: Nov 2041
    Overpayments 2016 255.50 2017 2600.40
    • Kittenkirst
    • By Kittenkirst 4th Jun 18, 8:47 AM
    • 1,897 Posts
    • 10,183 Thanks
    Kittenkirst
    Morning all, our Sunday plans got a little waylaid as we both woke up with bad backs- think the kayaking activated muscles not often used so we have found some back exercises to incorporate into the gym plans moving forwards.

    We therefore ditched our swimming, gym & yoga plans in favour of a more sedate Sunday- a nice gentle morning walk, some light house tidying, some chilling on the sofa with some travel guides and then we went out late afternoon to the local riverside festival for a nice wander.

    Gym this morning was also put on hold as both still feeling a bit tender but I'm planning yoga after work to gently stretch and get things going tonight.

    Not much financial stuff to report for this weekend other than some candy floss and coffee bought at the festival, however I've been slack checking premium bonds so will check that at lunch today- there's only 100 in there but you never know
    2018 MFW #20 - OP 1799.61/ 3000 60%
    Mar: 218 Apr: 528.91 May: 361.07

    Mortgage Oct '16 170.995 LTV 90% end: Nov 2041
    Overpayments 2016 255.50 2017 2600.40
    • MichaelDH
    • By MichaelDH 4th Jun 18, 12:52 PM
    • 119 Posts
    • 531 Thanks
    MichaelDH
    Sounds like you both had a great time on Saturday. Hope you are feeling better soon!

    We have been over doing it ourselves the last few weekends gardening. We are building ourselves up to demolishing the swimming pool so that it can be filled in but keep putting it off as will be a huge job just breaking up the concrete, never mind the filling in! At least all this time in the garden is good for our sun tans

    How long until the big trip to Oz?
    Starting Balance August 2016: 170,199.00 | Current Balance (4th October 2017): 164,720.53
    OP's to date (starting August 2017): 906.58

    Target: Balance below 160,000.00 by June 2017
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

562Posts Today

5,803Users online

Martin's Twitter