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  • FIRST POST
    • twinklie
    • By twinklie 26th Oct 18, 10:06 AM
    • 4,277Posts
    • 11,210Thanks
    twinklie
    Twinklie returns to the property ladder
    • #1
    • 26th Oct 18, 10:06 AM
    Twinklie returns to the property ladder 26th Oct 18 at 10:06 AM
    Hi everyone!


    It's been a LONG time since I last had a diary. A bit of back story for anyone that doesn't remember me. We had a little 2 up 2 down house we were paying off, then we ended up moving about a bit and living in rented whilst the house was (or wasn't for a long time) done up.


    We subsequently had two children and have since sold the house and are STILL in rented.


    However, we are hopefully today exchanging on our forever home. It's a bit scary because it's a big mortgage and we now have the two kids (and both have new careers) but hey, I'm sure you all understand that.


    I'm not going to go into too much financial stuff at this point (we still need to actually exchange). It's been a long journey to get here. We first found this house September 2017, it's the first and pretty much only house we've both agreed on. But we still had to sell our house. We had 4 or 5 buyers pull out of our house sale (I forget how many now). And subsequently had to pull out of buying our house due to no buyer for our house.


    However, we sold in September 2018 and we are literally waiting to hear from the mortgage provider a date for drawing down funds. Once we have that we can arrange the completion date and hopefully exchange today.


    We have the insurance in place, life assurance is ready to go and we are ready to rock and roll. The first 12 months the focus is going to be on paying down (hopefully off) debts and building up some savings and then the focus will turn to paying off the mortgage.


    We are sort of OPing on the mortgage what we planned anyway because it's a 19 year mortgage term rather than a 25 year term.


    So please join me on my journey and any advice is greatly appreciated.
Page 3
    • twinklie
    • By twinklie 9th Mar 19, 4:25 PM
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    • 11,210 Thanks
    twinklie
    Oh and I just booked a mini break for the boys to Thomas Land. It's their spiritual home, they love it there.
    Daily mortgage interest Nov'19 - £15.77 Reduction in daily interest - £0.68
    % of house owned/% of mortgage paid off.
    Nov'19 - 14.2%/4.2%
    MFiT-T5 #13 MFW 2031/currently 2037
    New aim - to be debt free by the end of 2020. % remaining Nov'19- 62.2%
    • twinklie
    • By twinklie 17th Mar 19, 8:35 AM
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    • 11,210 Thanks
    twinklie
    So since the start of the mortgage 31st October 2019 we've paid £3,234 off the capital. So that's an average of £808.50 per month off the capital. I can cope with that.


    Things have slowed down on the selling of things, we need to sort stuff now. But we've got quite a lot of stuff to charity shop and we've recycled lots of bits. The sofa is meant to be coming at the end of the month, but we've now had a bit of a change of plan and can't been here for the delivery date, so that's probably going to take longer now. Sob.


    The storms have caused damage to our roof, one of the roof tiles has been hit and broken by something. So we should probably have that investigated and fixed. No idea how much that will cost - just hope it's fairly straightforward.
    Last edited by twinklie; 17-03-2019 at 8:40 AM.
    Daily mortgage interest Nov'19 - £15.77 Reduction in daily interest - £0.68
    % of house owned/% of mortgage paid off.
    Nov'19 - 14.2%/4.2%
    MFiT-T5 #13 MFW 2031/currently 2037
    New aim - to be debt free by the end of 2020. % remaining Nov'19- 62.2%
    • CathT
    • By CathT 17th Mar 19, 9:27 AM
    • 6,262 Posts
    • 43,468 Thanks
    CathT
    We found when my mum lives with us our electricity usage was really high (we have a smart monitor). Also got stung by a high water bill too.

    Fingers crossed the roof repairs aren't too costly and we get a break before they decide to name another storm. Surrounding areas in our part of the world were really hit by flooding and fallen trees yesterday.
    Nov 2019 - part 1 - £66,153 part 2 - £42,004
    Total - £108,157 96 months to go!
    • twinklie
    • By twinklie 17th Mar 19, 11:51 AM
    • 4,277 Posts
    • 11,210 Thanks
    twinklie
    Fingers crossed the roof repairs aren't too costly and we get a break before they decide to name another storm. Surrounding areas in our part of the world were really hit by flooding and fallen trees yesterday.
    Originally posted by CathT


    Yeah we were too. My immediate location was ok (we are high up) but the lower parts of the city and surrounding areas are all flooded really badly. The destruction is so bad.
    Daily mortgage interest Nov'19 - £15.77 Reduction in daily interest - £0.68
    % of house owned/% of mortgage paid off.
    Nov'19 - 14.2%/4.2%
    MFiT-T5 #13 MFW 2031/currently 2037
    New aim - to be debt free by the end of 2020. % remaining Nov'19- 62.2%
    • twinklie
    • By twinklie 19th Mar 19, 11:19 AM
    • 4,277 Posts
    • 11,210 Thanks
    twinklie
    The annual council tax bill came yesterday. It’s now gone up too £172 pcm over 10 months.

    Boo. Still it’s better than the £315 we’ve had to pay the last couple of months because we had a debt after it took so long to get an accurate bill after moving in.
    Daily mortgage interest Nov'19 - £15.77 Reduction in daily interest - £0.68
    % of house owned/% of mortgage paid off.
    Nov'19 - 14.2%/4.2%
    MFiT-T5 #13 MFW 2031/currently 2037
    New aim - to be debt free by the end of 2020. % remaining Nov'19- 62.2%
    • twinklie
    • By twinklie 6th Apr 19, 5:31 PM
    • 4,277 Posts
    • 11,210 Thanks
    twinklie
    Iíve not updated any of my figures. But this is way more important. After 4 months of sitting on two chairs...the sofa has come!

    Iím so happy. It really makes the house feel more homely. Itís given us a few more ideas for what we would like as well.

    Weíve also sorted a few more bits and pieces and got some more stuff into the loft. The garden table has been put up so we have somewhere to sit whilst the kids play now too.

    Still loads to do. But itís definitely getting there.
    Daily mortgage interest Nov'19 - £15.77 Reduction in daily interest - £0.68
    % of house owned/% of mortgage paid off.
    Nov'19 - 14.2%/4.2%
    MFiT-T5 #13 MFW 2031/currently 2037
    New aim - to be debt free by the end of 2020. % remaining Nov'19- 62.2%
    • twinklie
    • By twinklie 7th Apr 19, 12:20 PM
    • 4,277 Posts
    • 11,210 Thanks
    twinklie
    Right figures are now all updated. Just waiting to find out exactly how much we own on the mortgage - should get the figure in 9 days. I can then update the MFiT-T5 challenge.


    Now we have the sofa we've identified some other bits that we'd like to buy for the living room - unit for the TV, some big storage shelving units x 2. Doubt we'll be able to buy it all at once, but we should all things being well be getting the deposit money back from the rental. We are currently undergoing dispute resolution to get it back.


    My mum's been ill for over a month so we've had no help with childcare, the boys have been ill and I've been and still am not 100%. Hubby is now also ill. So progress with everything has been super slow just lately.


    It's the Easter holidays for DS1 next week, but DS2 is in nursery so I'm going to work. Therefore DS1 is trying a holiday club (fingers crossed he copes ok). Myself and DS2 then finish for the holidays on Thursday, so I need to come up with an Easter plan to try and keep costs down.
    Daily mortgage interest Nov'19 - £15.77 Reduction in daily interest - £0.68
    % of house owned/% of mortgage paid off.
    Nov'19 - 14.2%/4.2%
    MFiT-T5 #13 MFW 2031/currently 2037
    New aim - to be debt free by the end of 2020. % remaining Nov'19- 62.2%
    • twinklie
    • By twinklie 7th Apr 19, 12:34 PM
    • 4,277 Posts
    • 11,210 Thanks
    twinklie
    Easter Plan
    Friday, 12th - Toddler group coffee morning - £3, Lunch out and Food shopping - £13 for lunch DS2 has tonsillitis and has been quite ill so we stayed home. Saved £16 by not going out. £0
    Sat, 13th - Solo food shopping (no lunch to pay for) - kids in garden. - £5 (bought a movie for tomorrow)
    Sun, 14th - Movie and home play day - £0
    Mon, 15th - Soft Play - £11.50 + £3 drinks = £14.50
    Tues, 16th - Dentist - Free. Bought magazines £7.98
    Weds, 17th - Stayed at home (baking and movies) - £0
    Thurs, 18th - Hairdressers £14, Soft play £0, Lunch £10.75, Feet measured (both boys needed new shoes but I'm not counting that in holiday spends) = £24.75
    Fri, 19th - Off the cuff day trip to York Railway Museum (first family day out since Christmas - Family train ride £10, Drinks £15.40, Ice Cream £9.60, Car park/Entrance Donation £10 = £45
    Sat, 20th - Easter Baking £2
    Sun, 21st - Easter Egg hunt and play in the garden - Free
    Mon, 22nd - Egg rolling on the park - Free

    Total - Running total £99.23


    I found that in the last holidays not planning and doing very much is better for the boys. So I'm keeping it fairly home based with minimal trips out.

    Wonder if I can cover the whole week for less that £50. I'd be happy with less than £100, but £50 would be epic!
    Last edited by twinklie; 20-04-2019 at 1:07 PM. Reason: Updates
    Daily mortgage interest Nov'19 - £15.77 Reduction in daily interest - £0.68
    % of house owned/% of mortgage paid off.
    Nov'19 - 14.2%/4.2%
    MFiT-T5 #13 MFW 2031/currently 2037
    New aim - to be debt free by the end of 2020. % remaining Nov'19- 62.2%
    • twinklie
    • By twinklie 15th Apr 19, 9:52 AM
    • 4,277 Posts
    • 11,210 Thanks
    twinklie
    Some general house keeping bits and bobs to take care of and some address changes that need to be made this week. We’ve been a bit slow on the uptake for a couple of them.

    1. Driving licence. - Done
    2. Halifax - boys accounts and credit card.
    3. Barclaycard.
    4. Car registration.
    5. Hubbys student loan.
    6. Loan.

    There’s probably a few other bits and pieces too.

    We need to fork out for a new mattress which is a tad depressing. I forgot how expensive they are. But our current one is approx 12 years old and we are starting to wake up with back issues. So needs must.
    Last edited by twinklie; 15-04-2019 at 11:17 AM.
    Daily mortgage interest Nov'19 - £15.77 Reduction in daily interest - £0.68
    % of house owned/% of mortgage paid off.
    Nov'19 - 14.2%/4.2%
    MFiT-T5 #13 MFW 2031/currently 2037
    New aim - to be debt free by the end of 2020. % remaining Nov'19- 62.2%
    • twinklie
    • By twinklie 15th Apr 19, 12:48 PM
    • 4,277 Posts
    • 11,210 Thanks
    twinklie
    Bonus. Just had an updated P60 from 2016 which indicates I’m owed £437 in tax back!
    Daily mortgage interest Nov'19 - £15.77 Reduction in daily interest - £0.68
    % of house owned/% of mortgage paid off.
    Nov'19 - 14.2%/4.2%
    MFiT-T5 #13 MFW 2031/currently 2037
    New aim - to be debt free by the end of 2020. % remaining Nov'19- 62.2%
    • twinklie
    • By twinklie 16th Apr 19, 9:48 AM
    • 4,277 Posts
    • 11,210 Thanks
    twinklie
    Updated mortgage figure is in paid off £4,030 since the start of the mortgage. An average of £806 per month off the capital. Longer months meaning more interest paid...boo.

    I suspect I’m going to be a little off the pace for the 10K challenge I’ve set myself by a couple of hundred. But that’s ok.
    Daily mortgage interest Nov'19 - £15.77 Reduction in daily interest - £0.68
    % of house owned/% of mortgage paid off.
    Nov'19 - 14.2%/4.2%
    MFiT-T5 #13 MFW 2031/currently 2037
    New aim - to be debt free by the end of 2020. % remaining Nov'19- 62.2%
    • jodles16
    • By jodles16 16th Apr 19, 10:30 AM
    • 1,454 Posts
    • 4,396 Thanks
    jodles16
    Hey Twinklie,


    Sounds like you are making great headway! Amazing how much you have already payed off the mortgage!


    Jodles
    MFW2017 #29 1200.24/4524
    MFiT #66
    Overall aim 10,124.20/21,743 (£156,000)
    2016- Jan-£177,472, Apr-£173,195.04, July- £171,417.47 Oct- 169,366
    2017- Jan- 167,347.80 Apr- July- Oct-

    • twinklie
    • By twinklie 17th Apr 19, 11:47 AM
    • 4,277 Posts
    • 11,210 Thanks
    twinklie
    So Iíve already spent the tax Iím owed back. Just ordered a new mattress. But to contrast the spending, my rotary dryer is out and my washing is drying for free.

    Was meant to be taking the boys into town, but Iíve decided against it and stayed home. Free play at home day I think. I just donít have the energy for anything else.
    Daily mortgage interest Nov'19 - £15.77 Reduction in daily interest - £0.68
    % of house owned/% of mortgage paid off.
    Nov'19 - 14.2%/4.2%
    MFiT-T5 #13 MFW 2031/currently 2037
    New aim - to be debt free by the end of 2020. % remaining Nov'19- 62.2%
    • twinklie
    • By twinklie 19th Apr 19, 9:16 PM
    • 4,277 Posts
    • 11,210 Thanks
    twinklie
    Eek. Looks like we have a property dispute with our next door neighbours.

    They’ve planted trees very close together all around their garden (over the last week) and 4 of them are within 2 metres of our property. That affects the insurance premiums and potentially future structural damage!

    So when they grown and it gets to 2-3pm the garden will be in shade.
    DH is ripping. The only thing we can do is hope they are reasonable when we talk to them about our concerns I guess.

    The light in our kitchen and utility room will be affected too.
    Last edited by twinklie; 20-04-2019 at 4:36 PM. Reason: Correcting facts.
    Daily mortgage interest Nov'19 - £15.77 Reduction in daily interest - £0.68
    % of house owned/% of mortgage paid off.
    Nov'19 - 14.2%/4.2%
    MFiT-T5 #13 MFW 2031/currently 2037
    New aim - to be debt free by the end of 2020. % remaining Nov'19- 62.2%
    • twinklie
    • By twinklie 25th Apr 19, 5:43 PM
    • 4,277 Posts
    • 11,210 Thanks
    twinklie
    Very proud of myself. My year end mortgage statement shows I’ve worked out my outstanding mortgage balance accurately and reminded me that there is only 18 years and 7 months maximum left to be mortgage free!
    Daily mortgage interest Nov'19 - £15.77 Reduction in daily interest - £0.68
    % of house owned/% of mortgage paid off.
    Nov'19 - 14.2%/4.2%
    MFiT-T5 #13 MFW 2031/currently 2037
    New aim - to be debt free by the end of 2020. % remaining Nov'19- 62.2%
    • twinklie
    • By twinklie 5th May 19, 6:06 PM
    • 4,277 Posts
    • 11,210 Thanks
    twinklie
    OK so a little update from me. We now own 12.3% of our house. And the daily interest is down to £16.11 per day. Another two months and we should be below £16 per day which will be a massive psychological barrier.


    New mattress is coming on Wednesday which will hopefully make a massive difference to my current issues - some rib pain, I think it's caused by a combination pulling the intercostal muscles when I was ill a couple of weeks ago and then a bad mattress.


    Managing to keep the kids entertained fairly cheaply over the bank holiday, so not costing me much which is a win. DS1's anxiety is through the roof at the minute so there's not many places we can go.


    Monthly utility bills are reducing nicely thanks to the lighter nights, heating being on less and using the rotary dryer. Which is a nice win. Although we are going to have to invest in some big curtains for the hallway, which I'm going to have to start saving for. It will cut out a big draft and reduce our utilities over winter.


    I'm enjoying making the most of the garden at the minute too, it's a lovely cheap way to spend some time. I even saw a woodpecker out there yesterday which was a nice surprise.
    Daily mortgage interest Nov'19 - £15.77 Reduction in daily interest - £0.68
    % of house owned/% of mortgage paid off.
    Nov'19 - 14.2%/4.2%
    MFiT-T5 #13 MFW 2031/currently 2037
    New aim - to be debt free by the end of 2020. % remaining Nov'19- 62.2%
    • twinklie
    • By twinklie 11th May 19, 8:35 AM
    • 4,277 Posts
    • 11,210 Thanks
    twinklie
    We had two cars from when we lived elsewhere and public transport wasn’t great. But we don’t really need the second now. Took it to a friends garage who recommended we scrap it. So he’s done that and has some money for us. I also cancelled the insurance yesterday which gave me £70 back.

    So can’t grumble at that. Plus this weekend should be quite cheap. Hubby is finally erecting the trampoline for big in the hope that it will encourage him outside. Little needs no encouragement.
    Daily mortgage interest Nov'19 - £15.77 Reduction in daily interest - £0.68
    % of house owned/% of mortgage paid off.
    Nov'19 - 14.2%/4.2%
    MFiT-T5 #13 MFW 2031/currently 2037
    New aim - to be debt free by the end of 2020. % remaining Nov'19- 62.2%
    • twinklie
    • By twinklie 30th May 19, 5:32 PM
    • 4,277 Posts
    • 11,210 Thanks
    twinklie
    Cheeky update
    Thomas Land was fab - the boys had the best time. Although DS2 thinks we have a house there now (we stayed in the hotel) and he keeps asking to go and stay at our Thomas Land house! He was really hard work actually. He was really difficult in the queues, inappropriate touching up skirts, attacking other kids and just a general nightmare. He was definitely that kid that you see and just presume the family is awful! I heard a few not so muttered comments. So I'm really hoping he gets his diagnosis too.


    His behaviour in general is becoming incredibly difficult. Not to mention he's been getting naked a LOT, which is becoming more difficult to manage. Thankfully he's the same at nursery so it makes it a bit easier for us because they are seeing the same stuff.


    So we moved house in November from rented into one we have bought. I cancelled the home insurance on the old house. Imagine my surprise today when I got an email re: the auto renewal on that policy only to realise that despite calling to cancel it hasn't been cancelled.

    So I've just sent a bit of a disgruntled email about the situation - I'm not risking calling again. I guess I'm partly at fault for not checking that the refund from the remainder of the policy had hit my account. But we had a lot going on at the time and with 2 children with additional needs moving house wasn't straight forward. I guess that one slipped by me.


    Still ignoring the costs of the Thomas Land trip from last week, it's been a low spend half term.
    Saturday - home day playing trains - NSD
    Sunday - home day playing trains/gardening - NSD
    Monday - home day playing trains/gardening/trampoline - NSD
    Tuesday - Local nature reserve - £5 parking, £4.70 drinks = Total - £9.70.
    Wednesday - home day playing trains/garden/trampoline - NSD
    Thursday - Play Centre - £11.50, Food - £10.50 and hairdressers for boys £14 = Total - £36
    Friday - Swimming lessons and home day - NSD
    Saturday - ?
    Sunday - ?


    Current total - £45.70.


    We've way overspent in general this month, so time for a couple of frugal months now in preparation for summer.
    Daily mortgage interest Nov'19 - £15.77 Reduction in daily interest - £0.68
    % of house owned/% of mortgage paid off.
    Nov'19 - 14.2%/4.2%
    MFiT-T5 #13 MFW 2031/currently 2037
    New aim - to be debt free by the end of 2020. % remaining Nov'19- 62.2%
    • twinklie
    • By twinklie 31st May 19, 9:50 AM
    • 4,277 Posts
    • 11,210 Thanks
    twinklie
    Submitted my meter readings this morning. Is it wrong that I’m super excited to see what our statement says this month? We currently are over £600 in debt to them because of our account not being set up for ages when we moved in. So I’m really hoping we have reduced our usage significantly and have made some serious in roads into it. I refuse to pay it off in a lump though, they don’t rush you pay you back do they! Plus it was their error in the first place.

    Anyway, our current DD is for £198 per month, which is fine because the whole time we weren’t paying them we saved the money and have it in an account. But I’m looking forward to seeing the DD reduce at some point to get a true understanding of our bills. Plus we need to be back in the black at some point so I can move when better rates are available.

    Going to get some chores done today. Make a dent in the kids toys and tidy the playroom. There’s stuff they simply do not need anymore. I might be able to sell bits but I would imagine that most of it would be charity shop or play group stuff.
    Last edited by twinklie; 31-05-2019 at 9:52 AM.
    Daily mortgage interest Nov'19 - £15.77 Reduction in daily interest - £0.68
    % of house owned/% of mortgage paid off.
    Nov'19 - 14.2%/4.2%
    MFiT-T5 #13 MFW 2031/currently 2037
    New aim - to be debt free by the end of 2020. % remaining Nov'19- 62.2%
    • twinklie
    • By twinklie 1st Jun 19, 11:17 AM
    • 4,277 Posts
    • 11,210 Thanks
    twinklie
    I've updated my figures but the daily mortgage interest is down to £16.06 and we've paid off over 5K off the capital now. So I'm pretty happy with that.

    My debts are now below 2K as well which is a big psychological barrier. So things are starting to look up.

    NSD yesterday - walked the boys round to my friends house with a toddler slide which is too small for the boys. So that's one less thing to go. We stayed for a play and then the boys had their swimming lessons (which are already paid for so no cost there). Later on of DH friends brought his son around to play (he is one of DS1's most important friends - so cute together) and the kids were out in the garden for hours!


    I'm doing the 30 days wild with the kids, so will go out for a walk later so hopefully another NSD!
    Daily mortgage interest Nov'19 - £15.77 Reduction in daily interest - £0.68
    % of house owned/% of mortgage paid off.
    Nov'19 - 14.2%/4.2%
    MFiT-T5 #13 MFW 2031/currently 2037
    New aim - to be debt free by the end of 2020. % remaining Nov'19- 62.2%
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