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    • BookWorm
    • By BookWorm 3rd Aug 14, 10:08 AM
    • 2,284Posts
    • 13,968Thanks
    BookWorm
    BookWorm's MFW Chapter
    • #1
    • 3rd Aug 14, 10:08 AM
    BookWorm's MFW Chapter 3rd Aug 14 at 10:08 AM


    I!!!8217;ve been lurking around these parts for a good while now with occasional posts here and there. However, after reaching what I consider to be a milestone with my mortgage (will come back to that shortly), I felt the time was right to start my own diary. I figured if I don!!!8217;t now, I may never do so!

    It was after reading some of the inspirational diaries on here that caused me to have my !!!8216;light bulb moment!!!8217; back in 2012. Until then, I didn!!!8217;t really know about overpaying a mortgage !!!8211; and certainly didn!!!8217;t know what a positive effect even small amounts can have. It also caused me to review my spending overall (and whilst I wasn!!!8217;t bad by any means), it certainly made me think and become very aware of where I could become better.

    I!!!8217;m in my mid 30!!!8217;s, single and although I have an ok paying job, I!!!8217;m unlikely to get my mortgage cleared anytime soon. Money only goes so far after all and I do still want some semblance of a life in the meantime. However, I figured all progress is good right (thinking tortoise and the hare!)

    Ok so on to the figures:

    Mortgage taken out June 2010 with 10% deposit !!!8211; initial rate 6.59% fixed for 3 years - initial balance 104499. 25 year term due to finish July 2035

    (I had no one to advise me not to add the fees to the balance !!!8211; lesson 1 learnt!)

    LBM !!!8211; October 2012 !!!8211; still on the scary rate !!!8211; balance 100,664.70

    2013 !!!8211; started with a balance of 100,499.88 !!!8211; during the year I dropped to the SVR of 4% which was a welcome relief. However, after being around these parts, I continued to OP the difference in payments which means it does tick along nicely. I remortgaged in November and as the extra OP!!!8217;s had dropped me below 85% LTV and I wanted to fix again for peace of mind. I now have a rate of 3.75%. which is fixed until March 2016. I got 100 cashback as I stayed with the same provider which duly went on as an OP! I!!!8217;m hoping that I can get down to below 75% LTV by the time the deal runs out (and if I can manage 70% so much the better!)

    2014 !!!8211; started with a balance of 94,591.34. Ok now back to the milestone. As of today, my balance is 89,733.43! I have dropped into the 80!!!8217;s for the first time!!

    I have also worked out that the monthly interest will push me back into the dreaded 90!!!8217;s by 12.30!!!8230; so I have to make sure that I can OP by at least that much as there is no way I want to creep back over that threshold. I have 9 owing from survey payments and so I!!!8217;m confident I can do this.

    So here is the start of my diary (if not the journey itself).
    Everyone is welcome!!!8230;I!!!8217;d love some company along the way. So pull up a chair, have a brew and make yourselves at home.

    BW
    Last edited by BookWorm; 10-01-2015 at 9:14 PM.
Page 61
    • BookWorm
    • By BookWorm 6th May 17, 7:34 PM
    • 2,284 Posts
    • 13,968 Thanks
    BookWorm
    Hi Cath

    It's good - about 10 people who try running a farm in Italy to see if they want to make the move permanent. Should be on iplayer

    ETA just looked and it is on iplayer - first episode only available till Thursday though
    Last edited by BookWorm; 06-05-2017 at 9:36 PM.
    • CathT
    • By CathT 7th May 17, 9:04 AM
    • 5,544 Posts
    • 38,652 Thanks
    CathT
    Thanks BW. Have you read 'the olive farm' by Carol Drinkwater? It's a really good read.
    May 2018 -
    part 1 - 77,906
    part 2 - 45,391
    Total - 123,297
    • BookWorm
    • By BookWorm 7th May 17, 10:04 AM
    • 2,284 Posts
    • 13,968 Thanks
    BookWorm
    No, I haven't, although have seen it recommended a few times now. Will add it to my list - thanks Cath!
    • BookWorm
    • By BookWorm 7th May 17, 2:46 PM
    • 2,284 Posts
    • 13,968 Thanks
    BookWorm
    Another item sold on the Bay 26 OP sent.

    A quiet day pottering at home. I was going to pop out but someone has blocked my drive so I can't get out. I could go and find out where the person is I'm sure, but not really feeling up to the aggro
    • cookie9
    • By cookie9 7th May 17, 3:29 PM
    • 743 Posts
    • 3,698 Thanks
    cookie9
    Good news on your ebay sale but Grrrr! to the person blocking you in.
    MFW 91 op 2014 410/1000
    MFW 91 op 2015 4051/4000
    MFW 91 op 2016 4040/4000
    MFW 91 op 2017 812/4500
    • mortgage_girl
    • By mortgage_girl 15th Jun 17, 6:37 PM
    • 852 Posts
    • 3,911 Thanks
    mortgage_girl
    Well done on your op. Hope you had a fab time at Harry Potter.

    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

    • BookWorm
    • By BookWorm 1st Jan 18, 9:32 AM
    • 2,284 Posts
    • 13,968 Thanks
    BookWorm
    Happy New Year
    Just wanted to pop in and wish everyone a happy new year. Hope that 2018 is a good one

    ******

    I've not been posting for a while now. I had to take a break from MSE as I was finding it was taking over my life in an unhealthy way. I didn't stop my MSE ways (well a bit more spendy but not too bad) - just a break from posting.

    I've been slowly spending more time here again, and reading rather than posting, in last few weeks. Still not sure whether I will come back to posting FT - but will see. However, I will do an end of year wrap up shortly

    BW x
    • BookWorm
    • By BookWorm 1st Jan 18, 9:46 AM
    • 2,284 Posts
    • 13,968 Thanks
    BookWorm
    End Year Summary - 2017
    Ok so here is a summary of where I ended up at the end of 2017:

    LTV - 59.26% (down from 64.73%). Pleased with this as I am now below 60% LTV which was my target for remortgage in May.

    Balance - 68,150 - yes had to round this down (down from 74,447.63)

    End date - reduced by 10 months - now May 2029

    Daily interest - 3.47 (down from 3.76)

    OP's for 2017 - 2,707.82 (this was lower than 2016 3,110.63) - I always knew it would be a stretch to match or beat it. However, still chipping away so I'm happy with that.

    Total OP's since starting MFW - 17,207.82

    Surveys - I had a bumper year - with a total of 1,002.31 - which is my best ever! (year before was 668.25).


    Not massive figures - but plodding along - and continuing to head in the right direction

    BW x
    • muddywhitechicken
    • By muddywhitechicken 1st Jan 18, 10:12 AM
    • 3,914 Posts
    • 35,964 Thanks
    muddywhitechicken
    Happy New Year to you too BW and very best wishes for 2018
    MWCx
    Mortgage at highest (April 2008): ~195,000
    Outstanding balance: <30,000
    Current total overpayments: ~128,250
    • BookWorm
    • By BookWorm 1st Jan 18, 3:24 PM
    • 2,284 Posts
    • 13,968 Thanks
    BookWorm
    Thanks MWC x
    • hiddenshadow
    • By hiddenshadow 1st Jan 18, 4:05 PM
    • 2,479 Posts
    • 11,344 Thanks
    hiddenshadow
    Happy new year, BW! Nice figures for 2017.
    MFW: 197,100 (2013) to 100,646 (May '18)
    2018 MFW #56: 4,000/105,000 3% / MFiT-T4 #15: 58,854/90,000 65%
    • CathT
    • By CathT 1st Jan 18, 4:10 PM
    • 5,544 Posts
    • 38,652 Thanks
    CathT
    Happy New Year Bookworm, lovely to see you posting. That's a huge amount earned from surveys!
    May 2018 -
    part 1 - 77,906
    part 2 - 45,391
    Total - 123,297
    • Goldiegirl
    • By Goldiegirl 1st Jan 18, 4:17 PM
    • 8,330 Posts
    • 48,852 Thanks
    Goldiegirl
    I've not been posting for a while now. I had to take a break from MSE as I was finding it was taking over my life in an unhealthy way. I didn't stop my MSE ways (well a bit more spendy but not too bad) - just a break from posting.

    I've been slowly spending more time here again, and reading rather than posting, in last few weeks. Still not sure whether I will come back to posting FT - but will see. However, I will do an end of year wrap up shortly

    BW x
    Originally posted by BookWorm
    Hi BW

    I've more or less had a year out from MSE, as had started to feel I was getting a bit dysfunctional about spending money, so I felt I needed the break for a while.

    However, I missed everyone on MFW board, so I intend to post more often in 2018 ( but not let it take over my life! )

    Well done on all your 2017 achievements
    Early retired - 18th December 2014
    If your dreams don't scare you, they're not big enough
    • BookWorm
    • By BookWorm 1st Jan 18, 7:27 PM
    • 2,284 Posts
    • 13,968 Thanks
    BookWorm
    Thank you Cath, Hiddenshadow and Goldiegirl - lovely to 'see' you all

    Trying to start the year on a positive note... I've actually unpacked and sorted all my Christmas stuff. Usually, it's there until Easter or if I need the spare room should that come first
    • hiddenshadow
    • By hiddenshadow 1st Jan 18, 8:24 PM
    • 2,479 Posts
    • 11,344 Thanks
    hiddenshadow
    Our spare room is completely full of boxes and things to put away....my guess it'll be there until late February, when my mother is coming to visit.
    MFW: 197,100 (2013) to 100,646 (May '18)
    2018 MFW #56: 4,000/105,000 3% / MFiT-T4 #15: 58,854/90,000 65%
    • mortgage_girl
    • By mortgage_girl 21st Jan 18, 3:48 PM
    • 852 Posts
    • 3,911 Thanks
    mortgage_girl
    Happy New Year BW. It was lovely to sign in and see a post from you. Well done on your op totals - they're fantastic!

    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

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