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  • FIRST POST
    • katep23
    • By katep23 29th May 14, 7:45 PM
    • 1,342Posts
    • 9,509Thanks
    katep23
    Forever Home Fund
    • #1
    • 29th May 14, 7:45 PM
    Forever Home Fund 29th May 14 at 7:45 PM
    I have been lurking here for a few weeks and decided it was time to stick my head above the parapet

    I'm a bit of a fraud TBH, I don't even have a mortgage, but OH and I are saving to buy a house so it's kinda the same thing - will you let me join in?

    OH and I are both mid (ahem, okay getting less mid by the day) 30s and currently rent a lovely house on a farm with no passing traffic and about a quarter of an acre garden. And there lies the problem... we can't find anything similar in the Thames Valley for a price we can even look at without smelling salts

    So. we're saving and looking but as we don't have a target in mind we can lose out way a bit... that's where the diary comes in. I shall use this as a way of staying on track and keeping a record of where I am, it's good to be accountable.

    I'd love to buy a place but it has to be the right place so we might be in for a long wait.

    Why the forever home now? It's us, 3 cats, 18 ducks, 4 cars, 5 motorbikes, a tankful of tropical fish, a garden full of plants, a 3-bed semi filled to bursting, a garage, two outhouses, a greenhouse and a shed to find a new home for
Page 25
    • katep23
    • By katep23 8th Oct 17, 10:11 AM
    • 1,342 Posts
    • 9,509 Thanks
    katep23
    After you download the app, you register your details and there's a field for adding a referral code.

    Down to 259 to debt free!

    • Moneyfordreams
    • By Moneyfordreams 8th Oct 17, 11:55 AM
    • 1,026 Posts
    • 5,000 Thanks
    Moneyfordreams
    will have a look, thank you
    Mortgage restart June 2018 119950
    zero personal cc
    6x166 for sofas ending November 2018
    2500 on DD1s car cc
    • Moneyfordreams
    • By Moneyfordreams 8th Oct 17, 12:02 PM
    • 1,026 Posts
    • 5,000 Thanks
    Moneyfordreams
    at the top left menu there is a drop down list, which says promo code. The code only went in in capitals . I did try lower case a few times (on my phone) but if gave me the choccy... Hope you get the referral cash Kate
    Mortgage restart June 2018 119950
    zero personal cc
    6x166 for sofas ending November 2018
    2500 on DD1s car cc
    • katep23
    • By katep23 8th Oct 17, 12:09 PM
    • 1,342 Posts
    • 9,509 Thanks
    katep23
    Thank you, got a referral pending x

    • katep23
    • By katep23 28th Oct 17, 4:33 PM
    • 1,342 Posts
    • 9,509 Thanks
    katep23
    Short term goals:
    1. Pay off debt for roof (by 23rd October, if not before) - Done
    2. Save 10K emergency fund - 1,900 / 10,000
    3. Save 7k to remortgage
    Originally posted by katep23
    Need to shuffle money on first of month as it is not in the right place but am now debt neutral on the roof and have started saving the EF

    • katep23
    • By katep23 2nd Nov 17, 9:12 AM
    • 1,342 Posts
    • 9,509 Thanks
    katep23
    December 2014
    Mortgage 346,545.00
    Mortgage free date 2044
    LTV 86.64%

    2nd November 2017
    Mortgage 318,788.46

    Total paid off capital in last month: 623.10
    Total paid off capital: 27,806.54

    MOS: 1,316.23

    LTV: 79.70%

    Amount to Mortgage Neutral - 316,953.76 (-2,830.19)

    • katep23
    • By katep23 4th Dec 17, 11:53 AM
    • 1,342 Posts
    • 9,509 Thanks
    katep23
    December 2014
    Mortgage 346,545.00
    Mortgage free date 2044
    LTV 86.64%

    2nd December 2017
    Mortgage 318,156.91

    Total paid off capital in last month: 631.55
    Total paid off capital: 28,438.09

    MOS: 4,407.05

    LTV: 79.54%

    Amount to Mortgage Neutral - 313,733.86 (-3,219.90)
    Last edited by katep23; 04-12-2017 at 1:39 PM.

    • katep23
    • By katep23 4th Dec 17, 11:57 AM
    • 1,342 Posts
    • 9,509 Thanks
    katep23
    Short term goals:
    1. Pay off debt for roof (by 23rd October, if not before)
    2. Save 10K emergency fund
    3. Save 7k to remortgage
    Originally posted by katep23
    [*]Pay off debt for roof (by 23rd October, if not before)
    [*]Save 10K emergency fund - 4.4K/10K
    [*]Save 7k to remortgage - will need 4K to remortgage, other 3K to be added to mortgage which keeps us at 320K

    8.6K to go

    • katep23
    • By katep23 4th Dec 17, 7:39 PM
    • 1,342 Posts
    • 9,509 Thanks
    katep23
    Thanks to the advice from the fab Betterthanever on her diary, I have been doing swagbucks since 21st November and claimed 15, almost ready to claim next 5.

    If anyone would like to sign up my referral is:

    http://www.swagbucks.com/refer/KPCCW

    • Betterthanever
    • By Betterthanever 5th Dec 17, 6:41 AM
    • 526 Posts
    • 3,607 Thanks
    Betterthanever
    I'm so glad that you are getting more out of swagbucks - it really is a nice little extra! I've been amazed at just how steadily the points mount up. I was cashing out to paypal, which was nice because it is *real* money, but since the amazon vouchers have been on offer, I've been collecting them instead, and have managed to do most of my main Christmas present shopping using them. I'd always have gone for cash over vouchers before, but I have been converted a little and knowing that I don't have to spend said *real* money is just as satisfying!

    Current balance 112,593.71. Offset 2,677.73. 109,951.98 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22 - 2018 O/pay 600
    Make 2018 in 2018 = 406.75/2018
    Former DFW Nerd 230. Determined to be MF. Bring it on!
    • katep23
    • By katep23 5th Dec 17, 7:33 AM
    • 1,342 Posts
    • 9,509 Thanks
    katep23
    Absolutely, I cashed out to Paypal twice as I prefer real money but realised that whilst Amazon vouchers are on offer I am better of with those as we order from there most months.

    Had a really good day yesterday, one phone call (which I had been putting off as I hate doing it) to our insurers and we have added our home insurance to our car insurance policy and saved nearly 300 against the renewals.

    Having done a comparison, the cheapest I could get OH's insurance for was 158 more than we ended up paying (with a higher excess) so that was a result.

    And my 10 JLP gift card from V@lued Opinions turned up which I was starting to think was lost in the post.
    Last edited by katep23; 05-12-2017 at 7:38 AM.

    • katep23
    • By katep23 3rd Jan 18, 7:23 AM
    • 1,342 Posts
    • 9,509 Thanks
    katep23
    December 2014
    Mortgage 346,545.00
    Mortgage free date 2044
    LTV 86.64%

    3rd January 2018
    Mortgage 317,586.85

    Total paid off capital in last month: 570.06
    Total paid off capital: 29,008.15

    MOS: 5,860.51

    LTV: 79.40%

    Amount to Mortgage Neutral - 311,726.34 (-2,007.52)

    • katep23
    • By katep23 3rd Jan 18, 7:33 AM
    • 1,342 Posts
    • 9,509 Thanks
    katep23
    After being given the wrong information about whether we could apply for the mortgage whilst OH is in his probation, we decided to apply for a mortgage with another provider which was via a broker.

    Used a recommended broker who managed to record that our house was a 2-bed semi with 4 reception rooms instead of a 4-bed detached with 2 reception rooms. I pointed this out early in the process.

    Had our valuation which consisted of 80 seconds of a bloke sat in his car in our gateway then driving off - get a call from the broker to say house is worth 100K less than we've said it is. Reason being? Brokers didn't tell mortgage company / valuers that they had given hem incorrect details and because the numpty valuer didn't get out of his car he didn't notice that it was actually one house not two. GRRR .

    New valuation booked for this Friday but they now want to do an internal survey so we are having to try and finish some of the many building projects we have going on, particularly given the issues with damp the house had before the roof was replaced.

    Good thing is it has given us momentum to do some decorating over Christmas and New Year - two bedrooms stripped of wallpaper, completely repainted and carpeted (at a cost of around 250 each).

    Utility is nearly completed, got flooring to finish (not had any floor in there since we moved in 3 years ago!), worktop to put in, sink to plumb in and skirting to fit... okay so not quite as nearly finished as I'd like.

    Working from home today so can get straight on with it when I finish work.

    Good news is we had a mortgage offer at 3.99% based on the wrong valuation so presumably affordability won't be an issue if we get the valuation at the right value and get the offer at 2.59%!

    • katep23
    • By katep23 8th Jan 18, 8:25 PM
    • 1,342 Posts
    • 9,509 Thanks
    katep23
    Woo hoo, we got the mortgage offer ! Now to get it in place after 1st February!

    We've reduced the term by 3 years and the actual repayment will reduce by around 250, although I have agreed with OH we can actually increase the amount we pay now by another 250 so will be OPing 500 per month.

    This will mean we should be paid off in 15 years, which will be 12 years early. Am hoping to reduce this further but it's a good starting point

    • katep23
    • By katep23 3rd Feb 18, 11:07 AM
    • 1,342 Posts
    • 9,509 Thanks
    katep23
    December 2014
    Mortgage 346,545.00
    Mortgage free date 2044
    LTV 86.64%

    2nd February 2018
    Mortgage 316,948.24

    Total paid off capital in last month: 638.61
    Total paid off capital: 29,646.76

    MOS: 7,154.73

    LTV: 70.43%

    Amount to Mortgage Neutral - 309,621.81 (-2,104.53)

    • CathT
    • By CathT 3rd Feb 18, 12:02 PM
    • 5,623 Posts
    • 39,228 Thanks
    CathT
    You'll be saving so much in interest. These drive by valuations really are pointless aren't they, did you have to pay for it? We'll be looking for a new deal in about 6 months and need an accurate valuation due to our extension.
    June 2018 -
    part 1 - 77,571
    part 2 - 45,272
    Total - 122,843
    • try harder
    • By try harder 3rd Feb 18, 1:29 PM
    • 787 Posts
    • 3,058 Thanks
    try harder
    Thats a great rate ,we are still paying 3.99% so frustrating.
    • katep23
    • By katep23 3rd Feb 18, 7:19 PM
    • 1,342 Posts
    • 9,509 Thanks
    katep23
    You'll be saving so much in interest. These drive by valuations really are pointless aren't they, did you have to pay for it? We'll be looking for a new deal in about 6 months and need an accurate valuation due to our extension.
    Originally posted by CathT
    Thankfully the lender covered the cost. It doesn't take much to follow up with a desktop valuation which clearly wasn't done as we are listed correctly on Zoopla Hope your valuation goes more smoothly

    New mortgage will kick in next Friday, conveyancer needs to get final redemption (this will be 4th one as he forgot the ERC changes on 1st and then forgot we have an offset so the redemption needs to be done a few days before to be accurate ) then we're good to go!

    • katep23
    • By katep23 3rd Feb 18, 7:20 PM
    • 1,342 Posts
    • 9,509 Thanks
    katep23
    Thats a great rate ,we are still paying 3.99% so frustrating.
    Originally posted by try harder
    Hi Try harder, our current mortgage is 4.44% so I feel your pain! We bought with 10% deposit and wanted an offset and 5 year fix so it seemed like a good deal at the time.

    Will be very glad to get onto 2.59%, will almost reverse the amount of capital vs interest we pay off each month.

    • EatingTheElephant
    • By EatingTheElephant 3rd Feb 18, 9:41 PM
    • 1,314 Posts
    • 7,178 Thanks
    EatingTheElephant
    Fantastic news on the new mortgage. What a complete pain with the valuation, but definitely worth persevering to knock so many years off! Onwards and downwards
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