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  • FIRST POST
    • f0xh0les
    • By f0xh0les 12th Aug 16, 1:55 PM
    • 2,089Posts
    • 18,577Thanks
    f0xh0les
    22 Foxhole East
    • #1
    • 12th Aug 16, 1:55 PM
    22 Foxhole East 12th Aug 16 at 1:55 PM
    I just made my first mortgage overpayment.

    We bought a 5 bed Victorian terraced house in the East Midlands in April 16 that has been badly neglected. It needs everything doing, it has been let out on a room by room basis and used as a rental machine. Now it is our family house (4 kids = one bedroom each!!).

    So far I have replaced 2 Velux on the attic floor so the rain stays on the outside (very rotten frames)

    Have had a full electrical rewire as the wiring was underneath the wallpaper - not boxed or chased in, just behind the wallpaper and skirting boards. Got a shiny certificate and everything now!

    Decorated 4 kids bedrooms and put down new carpets in 3 of them

    On the still to do list for this year

    - new roof and insulation - nails degrading! Snow could cause a huge problem. Better get it sorted really.

    - New shower and bathroom flooring - water damage, holes in floors (!) we should have moved the bath mats when we were viewing, they hid a lot of damage.

    Plastering and decorating.

    Nice carpets!!

    Shelves!

    That will be the two top floors done and I can kid myself I am 2/3rds of the way finished

    Not attempting anything on the ground floor until 2017 - so no talk of log burners,knocking down walls, kitchens, damp proof courses, shower rooms or the like. That way lies madness, shhhhh, next year, at some point...

    So, let's talk money.
    House cost 160,000
    Deposit was 41,315 (sale of previous nasty Manchester Foxhole)
    Amount borrowed 118,685

    We got a 1.94 % fixed for 2 years with Accord which rises to something ridiculous like 7% so remortgage time in 2018

    We will repay 1.82 for every 1 borrowed over the 26.5 year life of the mortgage unless I overpay

    I have just rung Accord, found out I can repay up to 10% of the total amount borrowed (each year without penalty), can make as many overpayments as I like per month without penalty, but cannot check on the balance online. I have to ring up a silly automated 0345 number that will tell me what the balance is! I will have to remember to ring it on my mobile so it is free.

    Monthly Mortgage repayment 467.00
    An overpayment of 200 a month would knock 10.5 years off the life of the mortgage.

    We are planning on spending 5 years living here, and them moving elsewhere due to the nature of DH's work. So, lets see how much I can throw at this mortgage.
    MFW START1/5/16 118,340 Oct17109,49 12/17 108,801/18 108,39 3/18 108,50 4/18108,10 5/18106,99 6/18105,99.7/18105,308/18103,99 9/18102,99 10/18101,999 11/18101,300 12/18100,700,1/19 99,999.99

    2/19 99,500 MFW 2019 #65
    Referal code- https://doblotto.com/r/1f87a3
Page 59
    • greenbee
    • By greenbee 9th Feb 19, 6:10 PM
    • 13,005 Posts
    • 223,815 Thanks
    greenbee
    You'll get there. I think it's time you prioritised the kitchen though! I can't imagine how you manage to do all the cooking you do without a proper kitchen.

    I went to the local upmarket kitchen showroom yesterday with my friend's husband so we could get ideas He's going to handbuild carcasses out of ply, as that way there are no issues with things not fitting. He's given me the material costs for the utility room (I need to add them up), but having seen what he's done at his own place, I know it'll cost a few hundred to get something that would costs thousands if I bought it ready made and then had to pay their fitter...

    Ikea kitchens have a pretty good reputation. I've used their units in the past and been very happy with them, so they might be worth a look.

    I'm also thinking about two single ovens instead of one double, as I hardly ever seem to use the small oven in a double - I think two full-size ones would be more useful. However, I'm reluctant to do anything that reduces the amount of work surface! My goal is to have as much as possible.
    • f0xh0les
    • By f0xh0les 16th Feb 19, 9:36 PM
    • 2,089 Posts
    • 18,577 Thanks
    f0xh0les
    Urgh I am such a total clutz. I kicked the hoover (henry) about 4 days ago and I have bruised the side of my foot. I am so sore I can barely stand on it. I can just about cope with a trainer on, for a little while, so the school run was do-able, but after about 20 minutes I feel like sitting down on the floor and crying. It feels like some tiny person is blowing up a balloon inside the arch of my foot. But there is only a tiny bruise, and a tiny amount of swelling. Grrr. If there was an enormous bruise or something visible I would be happier, but this invisible ouch is really getting me down. I feel totally useless.

    So, I found out today that the football training the 2 youngest went to over Summer, is back on this half term, and starts on Monday - it was an offhand comment by another mum on the playground, if I had booked my kids onto the training as another mum had mentioned it to her. I knew nothing about it! They are driving 25 minutes to get there, I live at the top of the road! Anyway. Now the 2 boys can have 2 hrs of football coaching for 5 days for the princely sum of 10, so if I do a trip to the cinema (kids club) to see the Spiderman Spiderverse film, and a trip in to town for them to spend what is left of their birthday / Christmas gift vouchers, and a trip to the local pool, then they should be perfectly happy. Will also let them bake cakes and ice them. They will get their regular saver interest toward the end of March, so they will have another 35 to spend, and then they will get more s from the accumulated over 70s at Easter. It is often true they have more available money floating around the house than I do. It also does not help me to get them to earn pocket money, they have too much money coming in for it to be worth their while to do chores. Swines.

    My mobile phone provider has gone into administration, and so I am going to have to find another provider for me and the eldest 2 (the younger two do not have phones - not for want of asking, but they do not need them as they are either with me, or at school.

    So nothing much has been done today, a few loads of laundry and drying, and I cooked supper. Apart from that I have been sat resting this stupid foot. At least I can still drive . There is always a bright side.
    MFW START1/5/16 118,340 Oct17109,49 12/17 108,801/18 108,39 3/18 108,50 4/18108,10 5/18106,99 6/18105,99.7/18105,308/18103,99 9/18102,99 10/18101,999 11/18101,300 12/18100,700,1/19 99,999.99

    2/19 99,500 MFW 2019 #65
    Referal code- https://doblotto.com/r/1f87a3
    • f0xh0les
    • By f0xh0les 20th Feb 19, 1:38 PM
    • 2,089 Posts
    • 18,577 Thanks
    f0xh0les
    Still hobbling about, clearing, cleaning, tidying, and the car is now fixed.

    Half term is not turning into the clusterf**k I was worried about, 2 kids are at the football club for 2 hrs Mon-Fri, the car is fixed, we have been to kids club at the pictures and seen Spiderman into the Spiderverse - I paid for the tickets (2.50 each) and they bought their own snacks with their own money - they even went across the road to the shop to buy a bag of popcorn so they did not pay cinema prices. DS4 was off at a playdate (do 9 yr olds do playdates? I dunno) one morning, and tomorrow we have plans to go into town so they can spend more gift cards and cash, so it will cost me 1 parking, and they will be happy, then come home and do football. Still need to do shoe shopping for DS2, so will try and get him to come in as well tomorrow. DH is working Saturday - Open Day at uni, so he has to rock up and answer questions, so he will be away for most of Saturday.

    Going to swing past Her0n today as they have Alpr0 puddings 1 for 2 x 4 packs. They are getting quite a few vegan things lately, and I am aware that lunchboxes will start again in 5 days. I have not missed them one bit, and it is quite nice to be able to wake up next to a warm man and not have to get up at 6am to do things. Don't tell anyone, but I actually got up at 7.15 this morning! Such a rebel! This is how Rome fell! Oh well.

    I am all within budget, with 8 days to go, still need to get a new mobile phone package x 3, I cancelled my dd yesterday, as there was only a week left to go and I did not want to be a victim of repeat billing, so they cut off my service. I can still receive calls but not make them or text. Grrr. Then when I tried to get 3 x sim packages (after asking on webchat if it would be possible) they passed the first 2 credit checks and failed the 3rd as it looked like I was having too many credit checks -on 3 x 5 a month sim only packages. So was not happy, it was why I asked on webchat in the first place but they assured me buying 3 was fine and should not cause problems. grrrr!

    It is fine and sunny and my foot is much less painful today, but then I have been sat down all day. I would recommend Spiderman though - it is an animation, not a real person film. Well worth 2.50 each.
    MFW START1/5/16 118,340 Oct17109,49 12/17 108,801/18 108,39 3/18 108,50 4/18108,10 5/18106,99 6/18105,99.7/18105,308/18103,99 9/18102,99 10/18101,999 11/18101,300 12/18100,700,1/19 99,999.99

    2/19 99,500 MFW 2019 #65
    Referal code- https://doblotto.com/r/1f87a3
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