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  • FIRST POST
    • themadvix
    • By themadvix 10th Mar 12, 9:51 AM
    • 1,769Posts
    • 10,241Thanks
    themadvix
    Finally I have a mortgage I can start to pay off!
    • #1
    • 10th Mar 12, 9:51 AM
    Finally I have a mortgage I can start to pay off! 10th Mar 12 at 9:51 AM
    Hi Everyone,
    Having been a long time lurker on this board whilst saving for a house deposit (you!!!8217;re all so friendly and positive that it!!!8217;s an inspiring place to !!!8216;hang out!!!8217;), my fiance and I completed on our first house yesterday!

    It!!!8217;s a three-bedroomed terraced house in Hertfordshire (hence the long saving period) with an 80% LTV mortgage of 132,999 with Natwest, fixed for 2 years at 3.79%.

    There!!!8217;s just the two of us (and our new two fish, Rosie and Jim, inherited with the house!), but I work from home, hence the need for a third bedroom as office space. We won!!!8217;t be moving in until June as the house needs some work doing and we!!!8217;re getting married in June so it seemed to be a sensible option (as we both currently live with our parents!!!8230;tragic I know in my late 20s, but nice mortgage rate as a result).

    Obviously with house needing work and a wedding looming, I don!!!8217;t expect to be making much in the way of overpayments for a while (but this won!!!8217;t stop me rounding numbers down or transferring small bits across). Another issue is that although DF is employed (and hopefully about to get a new job in the company ), I am self-employed and therefore my income varies drastically from month to month. However, I have built up a fairly solid client base over the last five years, and especially in the last year, so I hope that this will continue to improve and that I will be able to contribute to overpayments.

    DF is the spreadsheet nut, so I!!!8217;m hoping he!!!8217;ll get it set up for me so I can play with figures soon (although I have no idea what a pivot table is and am not convinced I need to know! ) We!!!8217;re already a very MSE couple having been saving for so long !!!8211; we cashback, do surveys, shop around, get the freebies that are relevant to us and have already (having gone to the house last night) established that if I!!!8217;m paying the energy bills we!!!8217;ll be living in a cold house! In all seriousness though, we are both on board with the idea of overpaying the mortgage - it just makes sense!

    So, for the moment this diary will be a place to record the small things I do as well as the little overpayments I make (once my mortgage shows up in online banking!). Once June has flown past and we!!!8217;re back from our honeymoon, I!!!8217;ll get a grip on income and expenditure and work out an SOA and how much we can regularly overpay.

    Vicky

    PS Long, long term, this isn!!!8217;t our forever home and one day we!!!8217;d like to build our own environmentally friendly home! But more of that in the future!!!8230;
    Last edited by themadvix; 21-11-2016 at 5:06 PM. Reason: Because I got the interest rate wrong!!
Page 63
    • Busy Mee1
    • By Busy Mee1 12th Jul 18, 9:09 AM
    • 639 Posts
    • 2,841 Thanks
    Busy Mee1
    I have just been to have a look at UFM .....I guessed it was something to do with Frugelwoods. I would like to have a go but I am not sure that Mr Mee would go for it, although he is gradually changing his mindset to a more frugal way of living. I would be interested to hear how you have got on at the end of the month and what you missed and what you didn't miss.
    • themadvix
    • By themadvix 12th Jul 18, 2:51 PM
    • 1,769 Posts
    • 10,241 Thanks
    themadvix
    Earthie - I agree that it's not all for me/us, but it is good and DH has embraced it, which is good (I signed him up for the emails too - he's less receptive when I tell him to do something than when he's had a chance to think about it himself It seems to be working )

    Karma - it was all of the helicopters and yes, they are fascinating, especially the Chinooks. It was like something out of (and I may have completely the wrong film!) Apocalypse Now where they all rise up from behind the dunes - in our case, a hedgerow! We watched the TV coverage afterwards - it was excellent! (Hoping there may be a 'bad lip reading' of the royals, but maybe they only covered the wedding because of Meghan??)
    Last edited by themadvix; 12-07-2018 at 2:56 PM.
    OPs 2018 = 2090
    Moving savings = 1345.52
    OPs 2017 = 3103
    Starting balance 2012: 132000; balance Jun 2018: 92,000
    MFW2018 no. 38
    • themadvix
    • By themadvix 12th Jul 18, 2:55 PM
    • 1,769 Posts
    • 10,241 Thanks
    themadvix
    Sorry Busy Mee, didn't see you there!

    I'm not sure we'll have 'missed' much tbh. It's more about reevaluating stuff than cutting things out. And this month isn't a great one for us to be cutting back a lot (although it will still be a relatively cheap one) as we've entertained, it's been my sister's birthday and we're going away for a weekend at the end of the month (plus many unscheduled trips to drive my Dad places!). DH has been considering breakfast options (his longstanding favourite is expensivo, not really his fault, but still pricey nonetheless), which may make a difference long term. The spending diary is good too and so far, I *think* I've kept up with it all.

    You can sign up at any time and get the emails - it doesn't have to be July or January. And I think people do it more than once sometimes too, which I can see might help if things come at the wrong time.
    OPs 2018 = 2090
    Moving savings = 1345.52
    OPs 2017 = 3103
    Starting balance 2012: 132000; balance Jun 2018: 92,000
    MFW2018 no. 38
    • themadvix
    • By themadvix 12th Jul 18, 3:07 PM
    • 1,769 Posts
    • 10,241 Thanks
    themadvix
    Afternoon all,

    A somewhat frustrating day so far. I wanted to get my tax return done, as DH has helped me sort out some niggly bits on my accounts, but between Nationwide and TSB there's a conspiracy to stop me (don't they know I want to make my annual pension payment and the sooner I get it in there the more I can compound it?). Am now waiting for a certificate of interest from both - requested from Nw, but it looks as if TSB just send it... last year on 20 July, so here's hoping it will be soon.

    I have got on with work and various other jobs and am about to go and make some bread and some biscuits to take to a friend at the weekend (for yet another BBQ!).

    Looking at our bills account, it looks like we could swipe a chunk of the excess into savings from there - will discuss with DH later.

    MS things:
    * VB poll, MS rws, SBs
    * NV and PA surveys
    * PC survey (and fingers crossed a product trial - it's extremely rare they are something I want to try, but this was not wrapped in plastic!

    Gratitudes:
    * The attitudes of the media and general public towards the football team - they/we should be proud of what they've achieved, even if they didn't win (and it's so rare for the media not to castigate anyone who is less than perfect).
    * Not having a penalty shoot-out.... I don't think my nerves could have taken that
    * A pretty village on my detour home from taking Dad to work

    Enjoy the sunshine this afternoon folks!
    OPs 2018 = 2090
    Moving savings = 1345.52
    OPs 2017 = 3103
    Starting balance 2012: 132000; balance Jun 2018: 92,000
    MFW2018 no. 38
    • earthgirl
    • By earthgirl 12th Jul 18, 8:30 PM
    • 2,085 Posts
    • 23,146 Thanks
    earthgirl
    Argh hate banking admin type things hope it's sorted soon!
    Love your gratitude lifts, always different.
    15/5/12 Paid off Mortgage 1 (220k) Bought Dream House Dec 13 - Mortage 2 -116,508. 15/7/18 Mortgage Free Again
    Kids savings 13,578/36k
    2k Monthly buffer 1.2 /2k 5k Travel budget 0/5k
    • themadvix
    • By themadvix 13th Jul 18, 1:46 PM
    • 1,769 Posts
    • 10,241 Thanks
    themadvix
    Afternoon all,

    I've abandoned the banking admin stuff until I've got the paperwork - Nw did get back to me and are sending them out. Very friendly human people at the other end of their secure messaging

    I used up the surfeit of milk yesterday by making ricotta with it. I've just finished putting together a spinach and ricotta cannelloni for dinner tonight (and for the freezer) using the spinach from the veg box and the cannelloni I won last year (the last of the won pasta). So I feel this has helped with clearing the cupboards and not wasting anything. I did have to buy a couple of bits for the dish, but only 1.45 for passata and mozzarella was exclusively for the dish - I'll use the other bits (eggs etc.) for other meals too.

    I've also harvested the last of our redcurrants - I certainly can't complain about our 99p redcurrant bush (ebay several years ago, was meant to be blackcurrant but the lady had clearly got them mixed up!). I should think we've had nearly 3kg off it this year. Some have gone in muffins which I'll take down to friends (biscuits burnt, of course! We'll eat them instead ) and rest are ready for the freezer in weighed portions for more muffins. I froze the whey from the ricotta for bread making/pizza bases (also weighed out) too. Think I'm done on cooking for now!

    Off to visit Nan shortly, but niece will be there, so surefire happy Nan today!

    MS things:
    * All the food saving/harvesting/cheese making/baking shenanigans!
    * MS rw, SBs, VB poll
    * 1P survey, YG survey, PA survey

    Gratitudes:
    * Having the time to do all the above - I really enjoy it
    * Our redcurrant bush
    * Having company to visit Nan - much safer and easier

    Happy Friday everyone!
    OPs 2018 = 2090
    Moving savings = 1345.52
    OPs 2017 = 3103
    Starting balance 2012: 132000; balance Jun 2018: 92,000
    MFW2018 no. 38
    • Karmacat
    • By Karmacat 13th Jul 18, 2:11 PM
    • 29,423 Posts
    • 168,815 Thanks
    Karmacat
    A 99p redcurrant bush that's a wonderful thing.
    Retired August 2016
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