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  • FIRST POST
    • sarahevie1
    • By sarahevie1 10th Apr 15, 12:36 AM
    • 506Posts
    • 2,660Thanks
    sarahevie1
    sarahevie's single quest to mortgage freedom
    • #1
    • 10th Apr 15, 12:36 AM
    sarahevie's single quest to mortgage freedom 10th Apr 15 at 12:36 AM
    I had a diary a while ago but I let it slip, my circumstances have changed massively in the last six months, so I am back aiming for one thing mortgage freedom.

    So about me, single mummy of three beautiful girls. Full time primary school teacher, I also have a Saturday job at a well known supermarket.

    About six months ago oh walked out on me after 12 years, I found myself 30, single and struggling. A few weeks later he was back, and we see each other most days, although he rents a flat in a nearby town. I've had to use literally all my savings to get the joint mortgage into my sole name, £20,000.

    My mum and dad paid oh his equity share of the house £10,000, will have to pay this back. Oh is now in the process of buying his own house, he's asked me to move into it with him, as he never felt like my house was his, although it was in joint names, I'm undecided about moving into ohs new house. All I know for certain is my house is my responsibility and the £58000 mortgage has to go.
Page 3
    • sarahevie1
    • By sarahevie1 5th May 15, 9:23 PM
    • 506 Posts
    • 2,660 Thanks
    sarahevie1
    The lodger is a colleague who's landlord is selling the house they currently call home.

    The colleague is looking for something else, I'm merely a stop gap. Don't know how long it will be. Agree depends how it goes.
    • sarahevie1
    • By sarahevie1 2nd Jun 15, 10:37 PM
    • 506 Posts
    • 2,660 Thanks
    sarahevie1
    Plodding on, as ever, really busy at school. End of year reports, assessments.

    Lodger a bit up and down. Adult company quite nice, sharing home not so much. Feel like my parenting is being judged. They're quite laid back, I'm really not. My kids have set bedtimes, mealtimes, homework, reading etc.

    Major reshuffle at work after the 31st may deadline for teachers to hand in their notice. Each year group has a new teacher in. Feel positive about next year though!

    Halifax won't let me have the mortgage in my name, as I failed affordability, so looking at options. On the plus side £57,000 to go. Started with £143,000 7.5 years ago so heading in the right direction albeit slowly.
    • sarahevie1
    • By sarahevie1 7th Jun 15, 8:36 PM
    • 506 Posts
    • 2,660 Thanks
    sarahevie1
    Having a pretty crap weekend - had a crash in my car, other driver was overtaking me on the inside. Unsure who is going to be blamed. I've 11 years no claims.

    Keep thinking can this year get any worse.
    • beanielou
    • By beanielou 10th Jun 15, 8:09 PM
    • 55,072 Posts
    • 220,095 Thanks
    beanielou
    Illegal surely to overtake on inside?
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 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.
    • sarahevie1
    • By sarahevie1 28th Jul 15, 3:49 PM
    • 506 Posts
    • 2,660 Thanks
    sarahevie1
    This year seems to be on the up. Lodger OK, not sure if they are looking at moving on as noticed some brochures the other day. Enjoying the money whilst it lasts.

    Have let my house from 1st sept, one of the previous group staying over summer but 'lost' around £800 for Aug with only letting it to one. Anyhow keeps insurance valid, saves me council tax bill, water rates etc so better than nothing,

    Have a mortgage broker coming round next week as still can't get ex off the mortgage. Feel sorry for ex as he's missed out on his new house as they won't let him off the joint mortgage.
    • sarahevie1
    • By sarahevie1 31st Jul 15, 9:39 PM
    • 506 Posts
    • 2,660 Thanks
    sarahevie1
    Was trying to keep a spending diary for last month. Didn't manage it, but as I only have one current account. I've analysed my bank statement, its not pretty.

    Incomings £ 1299 rent (student house, lodger.)
    Saturday job £94.04
    Child benefit £192.40
    Teaching salary £ 1380.55
    In £2773.59

    Outgoings petroleum £44.15
    Childcare £150, £433.33, £506.67
    Mortgage on btl £699.73
    Taxis £42
    Dance classes £40
    Tap shoes £10
    Supermarket £250
    Council tax £103
    Landline £41.17
    Pay and go £10
    Ni contributions £145.75
    Buildings insurance £121.06 (annual.
    Pizza hut £27,42
    Water £43
    Miscellaneous £190 cash out of bank so not attributed. Some will be personal spends.
    Mortgage £520
    Out: £2890.61

    Over what I've brought in. This is pretty typical month. Tax credits on hold whilst I submit last years tax return for btl. Managing OK without them, lodger essential to this.!!!9786;
    • sarahevie1
    • By sarahevie1 1st Aug 15, 9:28 PM
    • 506 Posts
    • 2,660 Thanks
    sarahevie1
    Mse today
    Went straight home after dancing, usually end up in the cafe.
    No spend at work, I work in a supermarket so lunch spends, grabbing extra shopping after work is tough.
    Left over for tea in a wrap.
    Kids snacks sugar snap peas, carrots, apple, toast.
    Mortgage 1 - £29000 Value £283000 (Mortgage val survey Sept 15.) 22 years 3 monthsOPs 86167ithout OPs balance 119000
    Mortgage 2 - £100000 Value £185000 (Purchase price 2007.) 15 years 11 months
    Original Mortgage debt £300,000 - Now £129000
    • sarahevie1
    • By sarahevie1 2nd Aug 15, 5:45 PM
    • 506 Posts
    • 2,660 Thanks
    sarahevie1
    Mse today
    Bought a pack of usbourne books from the book people, works it at £1 per book. With 7 cards for £1 from card factory and wrapping paper today's party gift cost £1.65. The same books cost £4.99 in water stones so looks a good gift.

    Treated girls to cafe for tea as kids eat free. Signage said everyday. Well it is in fact monday to Friday. Argued my case and got free meal voucher. Had to pay in full today £16 so not mse but nice to have a freebie for a nsd another time.

    Fitness walked 6 miles round trip to local tarn saving petrol spend.

    All in all great day 7 hours entertainment including party, park, tarn, walking.
    Mortgage 1 - £29000 Value £283000 (Mortgage val survey Sept 15.) 22 years 3 monthsOPs 86167ithout OPs balance 119000
    Mortgage 2 - £100000 Value £185000 (Purchase price 2007.) 15 years 11 months
    Original Mortgage debt £300,000 - Now £129000
    • sarahevie1
    • By sarahevie1 3rd Aug 15, 7:25 PM
    • 506 Posts
    • 2,660 Thanks
    sarahevie1
    Mse today
    Took girls to a free community event. Walked 2 miles to save on getting two buses. Bus cost £6.20, so not as mse.

    Swimming, met a friend in the park. Free activities.

    Top up shop £9
    Some yellow stickered items amongst. Warburton danish 20p, polish meatballs 20p, cheese 20p, panini 20p, aero yoghurts 20p.

    Proud mummy moment got to checkout to pay my six year old said it'll be £9, without being asked to she had read the labels and added it up whilst going round.
    Mortgage 1 - £29000 Value £283000 (Mortgage val survey Sept 15.) 22 years 3 monthsOPs 86167ithout OPs balance 119000
    Mortgage 2 - £100000 Value £185000 (Purchase price 2007.) 15 years 11 months
    Original Mortgage debt £300,000 - Now £129000
    • sarahevie1
    • By sarahevie1 4th Aug 15, 12:37 AM
    • 506 Posts
    • 2,660 Thanks
    sarahevie1
    Lodger confirmed plans to move on. They are looking at buying in the local area so realistically will probably be here another few months.

    Mixed feelings, I like the company but would like my bedroom back as currently I share with my 6 and 5 year olds.

    Have seen an ad locally for a pgce student wanting a room next term whilst they complete a placement at a local school. A Mon to Fri let as they will return to their family home on the other side of the city at weekends. Was tempted but don't really have space would mean putting dd3 in with us. So four to a room.

    Also concerned I'd end up doing the students marking/ planning with me being a teacher.
    Mortgage 1 - £29000 Value £283000 (Mortgage val survey Sept 15.) 22 years 3 monthsOPs 86167ithout OPs balance 119000
    Mortgage 2 - £100000 Value £185000 (Purchase price 2007.) 15 years 11 months
    Original Mortgage debt £300,000 - Now £129000
    • sarahevie1
    • By sarahevie1 4th Aug 15, 5:35 PM
    • 506 Posts
    • 2,660 Thanks
    sarahevie1
    No spend day yay!

    Went to pick my car up from garage. 5 mi le trek. Dd2 moaned most of the way. Felt a bit guilty as she had a blister on her feet. Didnt realise this til we got home. Couldn't justify spending over £6 on bus fare.

    Car needed new brake pads, disc pads £190. But all fixed now.

    Mortgage advisor coming round later, hopefully he will be able to rid ex from the mortgage. As ex has lost the previous house he was buying, he's asked me to go house hunting with him. I've said no, its not my concern. He wants me to choose where I feel comfortable with the girls staying. Again he's an adult, he can choose something sensible.
    Mortgage 1 - £29000 Value £283000 (Mortgage val survey Sept 15.) 22 years 3 monthsOPs 86167ithout OPs balance 119000
    Mortgage 2 - £100000 Value £185000 (Purchase price 2007.) 15 years 11 months
    Original Mortgage debt £300,000 - Now £129000
    • beanielou
    • By beanielou 4th Aug 15, 6:26 PM
    • 55,072 Posts
    • 220,095 Thanks
    beanielou
    A Mon - Fri lodger might be a good idea as you would have house to yourself at weekends.
    Treble uping might not be too bad short term?
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 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.
    • mortgage_girl
    • By mortgage_girl 4th Aug 15, 9:38 PM
    • 852 Posts
    • 3,916 Thanks
    mortgage_girl
    Just stopping by to wish you luck on your journey. You've achieved so much already and I really admire your dedication in holding down a full time teaching job plus a Saturday job. I hope you finally get the mortgage news that you're hoping for - I'll be cheering you on from the sidelines.

    MGx
    2018: £1313.85 / £9,300
    2017: £7646.64 / £11,000 2016: 4557.98 / £11,000 2015: £10,230.37 / £11,000 2014 =£6703.26 / £11,000 2013 = £4288.51 / £8000 2012 = £1600/£5000 2011 = £2579/£3000
    MF date was Nov 2041 - now April 2022

    • Seanymph
    • By Seanymph 5th Aug 15, 9:16 AM
    • 2,670 Posts
    • 18,016 Thanks
    Seanymph
    Well done you - it sounds as if you don't really want to be living with the x right now, don't blame you at all.
    • gallygirl
    • By gallygirl 5th Aug 15, 4:45 PM
    • 16,607 Posts
    • 109,665 Thanks
    gallygirl
    Just stumbled across your diary, in awe of what you are doing. Being a bit blunt, I think it's time to tell OH you have three kids and are not prepared to have a fourth! Didn't he want to have his freedom - well that means making your own decisions so let him decide where he wants to buy!
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    Mortgage Balance = £0
    "Do what others won't early in life so you can do what others can't later in life"
    • sarahevie1
    • By sarahevie1 5th Aug 15, 9:39 PM
    • 506 Posts
    • 2,660 Thanks
    sarahevie1
    A Mon - Fri lodger might be a good idea as you would have house to yourself at weekends.
    Treble uping might not be too bad short term?
    Originally posted by beanielou
    Usually I'd agree and it is something to consider once lodger has gone, but dd3 just has a cot in her room so would mean buying a bed. Also dd1 &2s room is barely suitable for 3. We have bunks and I sleep in a single without adding dd3s cot in as well.
    Mortgage 1 - £29000 Value £283000 (Mortgage val survey Sept 15.) 22 years 3 monthsOPs 86167ithout OPs balance 119000
    Mortgage 2 - £100000 Value £185000 (Purchase price 2007.) 15 years 11 months
    Original Mortgage debt £300,000 - Now £129000
    • sarahevie1
    • By sarahevie1 5th Aug 15, 9:46 PM
    • 506 Posts
    • 2,660 Thanks
    sarahevie1
    Just stopping by to wish you luck on your journey. You've achieved so much already and I really admire your dedication in holding down a full time teaching job plus a Saturday job. I hope you finally get the mortgage news that you're hoping for - I'll be cheering you on from the sidelines.

    MGx
    Originally posted by mortgage_girl
    Good news from broker, looking like I can rid ex from mortgage. Looking at a 3.24% product with Birmingham midshires. I'm going for a 9 year term so will be mf for 40, hoping for sooner. Those who *know* me from before know I'll attack it with all I can.

    I'm quietly hopeful as have been here before with the halifax, it was sure to go through etc and didn't. Whatever happens ridding ex from mortgage is costly £1509. Mortgage valuation £455, solicitor to remove ex from deeds £500, broker fee £580.
    Mortgage 1 - £29000 Value £283000 (Mortgage val survey Sept 15.) 22 years 3 monthsOPs 86167ithout OPs balance 119000
    Mortgage 2 - £100000 Value £185000 (Purchase price 2007.) 15 years 11 months
    Original Mortgage debt £300,000 - Now £129000
    • sarahevie1
    • By sarahevie1 5th Aug 15, 9:51 PM
    • 506 Posts
    • 2,660 Thanks
    sarahevie1
    Just stumbled across your diary, in awe of what you are doing. Being a bit blunt, I think it's time to tell OH you have three kids and are not prepared to have a fourth! Didn't he want to have his freedom - well that means making your own decisions so let him decide where he wants to buy!
    Originally posted by gallygirl
    Understood loud and clear - I'm standing firm this time, he's been like a fourth child for too long.

    Thank you for saying your in awe, there's nothing amazing about it, its purely a needs must situation. I either to bankrupt or I keep fighting to keep a roof over our heads. Anyone in my situation would do it.
    Mortgage 1 - £29000 Value £283000 (Mortgage val survey Sept 15.) 22 years 3 monthsOPs 86167ithout OPs balance 119000
    Mortgage 2 - £100000 Value £185000 (Purchase price 2007.) 15 years 11 months
    Original Mortgage debt £300,000 - Now £129000
    • sarahevie1
    • By sarahevie1 5th Aug 15, 10:55 PM
    • 506 Posts
    • 2,660 Thanks
    sarahevie1
    Ms today
    Had a day out at the seaside. Had a fabulous day lots of memories for the girls. Took drinks crisps, cake with us. Therefore avoiding buying once there.

    As we live 90 mikes from the coast, seaside is rare for us, so did push the budget. Cost £19.20 including sharing petrol with friend so did pretty well.

    Did treat girls to a burger for tea. Ice creams. Crazy golf, £2 limit in arcades. Most of the day spent digging on beach, paddling in sea, walking on the front and paddling in an outdoor swimming pool. Free council park. We like swings and slides.

    Very insightful realising I spend a lot on days out with girls, but their childhood memories are my main concern. Will try and cut the spending where I can but won't give up these day trips.
    Mortgage 1 - £29000 Value £283000 (Mortgage val survey Sept 15.) 22 years 3 monthsOPs 86167ithout OPs balance 119000
    Mortgage 2 - £100000 Value £185000 (Purchase price 2007.) 15 years 11 months
    Original Mortgage debt £300,000 - Now £129000
    • Dalradian
    • By Dalradian 5th Aug 15, 11:47 PM
    • 151 Posts
    • 710 Thanks
    Dalradian
    Really rooting for you, hope the remortgage comes through. I agree the best memories i had when growing up were *very* basic holidays in caravans around uk - being basic doesn't mean us kids had bad holidays, it just means much more exciting memories digging the caravan out of the mud !!!9786;

    I was wondering with your soa you don't mention any money coming in from your oh. Surely they aren't getting away with no support for their children and just dumping it all on you?
    Mortgage 1:£128,202 £124,830 £124,330 £118,330 £113,330 £107,712 £104,047 £100,547 £99,199 £95,849 £85,693.33 £80,172.92 £78,000 £69,708 at 2.49% New repayment date September 2030. Original repayment date May 2041 (£144,215 at May 2012)
    Mortgage 2 BTL: £61,701 at 3.49% interest only Original repayment date May 2041 (£70,000 at May 2012)
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