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
    • michelle09
    • By michelle09 1st Jan 17, 4:24 PM
    • 773Posts
    • 4,219Thanks
    michelle09
    Plodding determinedly up a 300k mountain!
    • #1
    • 1st Jan 17, 4:24 PM
    Plodding determinedly up a 300k mountain! 1st Jan 17 at 4:24 PM
    Hi everyone! I have another thread on here but it is seriously out of date, so I figured I will start afresh. New year, new targets and all that.

    OH and I completed on our first house in May 2016. We had a sizeable deposit due to my ability to save and OH's inheritance. We could have afforded a decent flat but decided to buy a slightly rundown 3 bed end of terraced house and do it up while living in it. This seemed like a much better idea before we were living somewhere with a smashed in door, no hot water and only lighting in part of the house. So far we have plunged 20k into repairs (which sounds like a lot, but the doors, windows, bathroom, cloakroom, boiler, radiators, some of the wiring and floors are brand new). It's certainly been a character building experience, from turning up after completion to finding the old owner still living here, to getting the first batch of wiring fixed and discovering that every lightswitch in the house now turned on the kitchen light, but we are getting there slowly.

    The basic floorplan of the house we love, so once we are finished doing it up it will be brilliant. It's also in a great location, we are in London - hence the obscene price - but we are two minutes from the underground, can be in zone 1 in fifteen minutes from our front door, but can also be on the motorway out of London in the same time by car.

    We are now seeing the light at the end of the repairs, so in 2017 I want to start making a serious dent in our mortgage. I have taken on a second job and we have two friends renting our spare rooms - at mates rates - so it is a good time to start reducing the crazy interest rates!

    Figures -
    House Price: £440,000 *gulps*
    Mortgage: £259,700.00
    Student Loan: £19,103.29
    Repairs Estimate: £20k
    Monthly Mortgage Repayment: £940.87. 1.74% interest, lifetime tracker.


    I know that students loans are not a problem debt, but our aim is to try and clear the whole lot by the time OH is 40. Which gives us 13 years. This might be too much of a reach, but I would rather aim high and fall slightly low than not push. Though I may be relying on OH's lottery tickets actually paying off!

    Going to check out other diaries too, hopefully the support here will help.
    Last edited by michelle09; 01-01-2017 at 4:37 PM.
Page 10
    • michelle09
    • By michelle09 13th Jan 18, 11:44 AM
    • 773 Posts
    • 4,219 Thanks
    michelle09
    I really hope so! Fingers crossed it all goes according to plan.

    It's Saturday. And a non-working Saturday, which is wonderful. Having a lazy morning, curled up on the sofa with the cat. This afternoon I'm going to carry on with applications - hopefully something will come of one of them soon.

    Oven buyer has pulled out because "it's not wide enough". Well I put the dimensions on the advert so what were you expecting exactly? Annoyed because I turned down another (albeit lower) offer but now can't get hold of that person and it has to go by tomorrow. So probably lost out on that.

    Have sold our dining table/chairs and hopefully that buyer will show up tomorrow. That we don't need to shift - it would just be easier pre kitchen. We got it really cheap before we bought this house but it's too big. We don't have a separate dining room and it takes up nearly a third of our living room. Shame as it is very nice.

    Not much else on the MSE front. My credit card has flipped to a 0% so my plan is to pay for 4k of the kitchen on that which saves us dipping too far into our savings. Will then clear it in March once we've saved an extra 4k out of paydays. (The 0% is for 18 months so we are miles clear).

    On a sadder news front, one of my grandmothers friends (they are the last two of their friendship group of eight) has started to refuse food and been taken into hospital. Will take my grandmother to visit her on Monday. It's really sad but if someone doesn't want to live any longer, I'm not sure what you can do. Next Saturday would have been Grandad's 92nd birthday and the following Monday is a year since we lost him so it's going to be a hard week.

    Current Balance: £246,700.00
    • Karmacat
    • By Karmacat 13th Jan 18, 11:52 AM
    • 28,968 Posts
    • 164,765 Thanks
    Karmacat
    Sounds like a nice day for you today

    Sad about your grandmother's friend ... but I like the more enlightened attitude that doesn't insist somebody like that should get fed intravenously. Having seen it at close quarters, I'm absolutely sure that that's a natural thing that happens. But it must be rough on your grandmother.
    Retired August 2016
    • michelle09
    • By michelle09 13th Jan 18, 12:07 PM
    • 773 Posts
    • 4,219 Thanks
    michelle09
    Thanks KC. I agree, it's the same as with Grandad. He insisted on a DNR when we took him to hospital the final time. (The slight issue was that the Drs didn't hear him say it although the rest of the ward did!). He was done, and he was happy to go. Even if I still miss him and wished he hadn't.

    I think the timing makes it rough on my Grandmother, but she understands her friend. Thankfully my Grandmother has found a whole new passion for life (at 89, so it really is never too late) but not everyone has that luxury. I just hope she finds peace, but this is an awful way to go.
    • shangaijimmy
    • By shangaijimmy 14th Jan 18, 8:39 AM
    • 2,582 Posts
    • 12,500 Thanks
    shangaijimmy
    Grrr on the non oven buyers!
    MFW: Turning June 2036 into March 2023... 37//120 Payments Challenge, Diary Reduction £39,897.62
    Aug 2009: £163,051 // Current: £96,102.38 // Avg Daily Interest £4.32
    MFiT-T4 #8 - 64.95% of £41,000
    • michelle09
    • By michelle09 17th Jan 18, 9:37 PM
    • 773 Posts
    • 4,219 Thanks
    michelle09
    This! I've really been put off selling furniture online - had four instances of people not showing up. Only got two items up for sale.

    The kitchen work has finally begun. It's all a bit of a mess, kitchen contents in the spare room, living room contents in the office. We have our mini kitchen under dust sheets (a fridge / microwave and kettle) but it's fine for now.

    Going back to my parents at the end of the week to do some laundry as the washing machine has been disconnected.

    They knocked through the wall today (we're making it a more open plan style) and I am very excited for it!

    Current Balance: £246,700.00
    • beanielou
    • By beanielou 17th Jan 18, 9:38 PM
    • 52,680 Posts
    • 206,683 Thanks
    beanielou
    Sounding good
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "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.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • try harder
    • By try harder 17th Jan 18, 10:42 PM
    • 749 Posts
    • 2,845 Thanks
    try harder
    How exciting, i would love a new kitchen
    • greent
    • By greent 19th Jan 18, 6:08 PM
    • 6,902 Posts
    • 70,662 Thanks
    greent
    Exciting! And will be worth all the mess and hassle
    x
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £577.06/£4000
    Net sales 2018 £362.51/£1000 PAYDOX18 (#15) £12808.40/£18694.38
    • Karmacat
    • By Karmacat 20th Jan 18, 10:13 AM
    • 28,968 Posts
    • 164,765 Thanks
    Karmacat
    Oh boy! At least you live close enough to your mum and dad to take the washing there it sounds like its going to be great!
    Retired August 2016
    • CathT
    • By CathT 20th Jan 18, 1:55 PM
    • 5,503 Posts
    • 38,420 Thanks
    CathT
    We had no washing machine for a few weeks when our extension and utility was done last year. I spent a fortune at the launderette and that was wit doing a few loads at my mum's too. It was quite nice leaving it at the launderette and picking it up dry and folded but a bit of an expensive luxury.
    April 2018 -
    part 1 - £78,128
    part 2 - £45,507
    Total - £123,635
    • michelle09
    • By michelle09 21st Jan 18, 9:43 PM
    • 773 Posts
    • 4,219 Thanks
    michelle09
    It's been a long week! Just got home from work, and back in tomorrow morning. I did have yesterday off and went home to see the family - it would have been Grandad's birthday (and tomorrow will be a year since we lost him) so we took my Grandmother out for a meal and I spent the afternoon with her. Took some decidedly non-MSE flowers but they made her happy. Her friend has developed sepsis so we are just waiting for the end now.

    In happier news - the kitchen is starting to shape up. We did finally sell my Grandmother's old oven for £50 the day before it would have gone in the skip! Had a bit of a fight with the kitchen company who suddenly dropped the bombshell that the quote did not include painting the kitchen. Gave me some nonsense about not knowing the time needed (in a room he measured twice). We compromised that I would buy the paint but was not paying the £300 extra from them to paint it! The fitters themselves are lovely though, and doing a wonderful job.

    try harder - we've been waiting nearly 2 years for this, am so excited it's finally happening!

    Laundry is definitely a bug bear, CathT. Our local is £10/load but that's just the ability to use their washers and tumble dryers. I did a load at my parents yesterday (lovely parents) and next week we're going to offer to buy pizza / drinks for a friend to use theirs. Probably same price as a laundrette but we can have a nice evening with mates as well.

    Ended up telling my boss I want to leave last week. Probably not the smartest move but they were fairly supportive, so hopefully it'll work? Never left a job because I was unhappy before so this is a brand new situation for me.

    Should probably get to bed, hopefully everyone had a great weekend.

    Current Balance: £246,700.00
    • beanielou
    • By beanielou 21st Jan 18, 9:51 PM
    • 52,680 Posts
    • 206,683 Thanks
    beanielou
    So lovely that you spent time with your Grandma & sometimes MSE just goes out of the window.
    Sorry about work though.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "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.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • Karmacat
    • By Karmacat 22nd Jan 18, 1:18 PM
    • 28,968 Posts
    • 164,765 Thanks
    Karmacat
    What beanie said! I'm not into flowers for me personally, but I do buy them for other people (and sometimes baskets of flowering bulbs, that can be planted out into the person's garden afterwards. Thats very popular, when I do it).

    Good bargaining with the kitchen company!
    Retired August 2016
    • michelle09
    • By michelle09 28th Jan 18, 12:38 PM
    • 773 Posts
    • 4,219 Thanks
    michelle09
    Thanks beanie and KC! I'm not into flowers either, plants (particularly edible plants) but my grandmother is, and she has talked about them all week.

    Kitchen
    Generally I was unimpressed that they wanted £325 extra to paint a small kitchen and that couldn't be calculated in the initial quote. Maybe the room changed in size while they were doing it?

    In better news, the fitters (who I have no issues with, just the sales people!) think they might be done next week. Which would be wonderful - OH's birthday is a week Monday. I've ordered a cake (which cost a small flipping fortune) as OH likes to have a bit of a fuss made over birthdays. It would be great if we had it all done by then.

    The kitchen is looking great. We have an extractor fan now (didn't before, probably partially why it was covered in grease) and the knock through to the living room is really good.

    Work
    I had a second meeting/interview based on the position I went for a few weeks ago. Maybe I'll be back working in west Africa by the end of the year. Trying not to get my hopes up too much.

    Free time
    Off this weekend, although OH isn't, so my parents came down to London for a visit and treated us to takeaway pizza instead of cooking which was lovely.

    MS Successes
    - Mum bought our fluffball some Aldi cat food, which is cheaper than the Asda stuff. She has happily gobbled up the wet (14.5p a pouch) and the dry (89p per box). Proud of my MSE cat, and will just stock up on cat food when we go back to my parents.
    - Sold the dining table and chairs for £50 last week. Ordered the new ones too, which is very exciting. I've started planning for how we will decorate when the repairs are completed and it's so exciting.
    - Tutoring agency have finally sorted out their money troubles and I have got £200 without having to chase it. So put it on the mortgage.

    Current Balance: £246,500.00
    • Goldiegirl
    • By Goldiegirl 28th Jan 18, 4:36 PM
    • 8,318 Posts
    • 48,796 Thanks
    Goldiegirl
    I'm currently in selling furniture mode too. I've got 4 pieces of furniture on eBay at the moment. We are hoping to have the larger pieces of furniture out of the way before we go on holiday in March, and then have the fun of buying stuff when we come back. As you say, it's all very exciting
    Early retired - 18th December 2014
    If your dreams don't scare you, they're not big enough
    • beanielou
    • By beanielou 28th Jan 18, 6:00 PM
    • 52,680 Posts
    • 206,683 Thanks
    beanielou
    Great news on the pennies coming in.
    My fur ball only ate the aldi stuff for a wee while and then went off it
    Hope your cat continues to be MSE
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "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.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • michelle09
    • By michelle09 31st Jan 18, 7:31 PM
    • 773 Posts
    • 4,219 Thanks
    michelle09
    January 2018 Figures
    Parent Loan (0% interest): -£1500.00
    Mortgage Balance (1.24% interest): -£246,500.00
    Student Loan (1.5%): -£17894.12
    Remaining Repair Estimate: -£12,000.00
    Current Savings: £9903.02
    Total: -£267,991.10


    2018 Targets:
    1.
    Pay back £1500 parent loan Set for Feb/March
    2. Complete all house repairs Kitchen will be done next week, electrician coming for wiring quote tomorrow. We're getting there.
    3. Reduce overall figure to £240k Over 3k closer to that figure in January.
    4. Build up £10k emergency fund We have £5k right now, will work on it after repairs are done.
    5. Find a new job Working on it! Couple of applications out.
    6. Lose excess 3 stone Hahahahahaha... nope. Stupid foot. Seeing a specialist in March.
    • beanielou
    • By beanielou 31st Jan 18, 9:24 PM
    • 52,680 Posts
    • 206,683 Thanks
    beanielou
    All looking good though
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "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.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • Karmacat
    • By Karmacat 1st Feb 18, 8:59 AM
    • 28,968 Posts
    • 164,765 Thanks
    Karmacat
    That *does* look good - except for your foot and March is still a fair time away
    Retired August 2016
    • try harder
    • By try harder 1st Feb 18, 11:53 AM
    • 749 Posts
    • 2,845 Thanks
    try harder
    Great targets for 2018 ,you will do really well if you meet all those .
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

137Posts Today

1,148Users online

Martin's Twitter
  • I've decided my weekend starts here while the sun's glow is still baskable. So I'm signing off. Have a great weeke? https://t.co/9FxNEpDs6p

  • No not correct. The big six do, but you can get fixed tariffs guaranteed not to rise and about 25% cheaper. Just tr? https://t.co/B2ft5OS3Ig

  • Baaaa! Scottish Power has bleated and followed the herd, today announcing it's putting up energy prices by 5.5%. R? https://t.co/vi3hBxo4Hn

  • Follow Martin