Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • jodles16
    • By jodles16 25th Aug 14, 2:30 PM
    • 1,433Posts
    • 4,328Thanks
    jodles16
    New House, New Mortgage!
    • #1
    • 25th Aug 14, 2:30 PM
    New House, New Mortgage! 25th Aug 14 at 2:30 PM
    I will start off by telling you a little about me! Just over three years ago my lovely husband and I bought our first home, we love our house but it no longer suits our needs! In this time we have changed jobs and got pay rises which has meant we can afford to move a big step closer to our dream home! So not only have we changed jobs and had promotions, we adopted two rescue dogs (my babies), got engaged and married, went on an amazing honeymoon and are just waiting to exchange contracts and complete on the next phase!

    This comes in the form of a recently renovated semi detached house with just under an acre of land. It is as close to the dream house we are going to get and we are so damn excited! Now this lovely property is going to set us back £930 a month on the mortgage alone, as we have done it under the help to buy scheme with 5% deposit. As it will be our long term home we feel its worth the risks involved and with our most recent wage increases it should be manageable with a little wriggle room!

    Anyhow, we are looking at possibly moving in next weekend (though its been a horribly stressful and painful experience so far!), we need to add some secure fencing to part of the property so we can have the doggies somewhere safe, and it is heated using gas bottles so we are hoping that we can get a decent fire installed with a flue, not in a smokeless zone. This will all cost moolah we aren't sure we will have. Theoretically we are hoping to have about 1.5k left after the move and will need double that for the fencing (top estimate). Both planning on overtime from now till whenever to try to avoid getting a loan, but this is the other option. Get a nice low percent loan and get these bits sorted then work on paying that off quicker instead of the mortgage... Or overpay more loan and less mortgage...Hmmm decisions!

    Would like to make these changes to the house in the hope it will add a little extra value when remortgaging comes around, and would really like to have at least another 5% paid off in two years time to make a 10% deposit therefore hopefully meaning we will have better options available!

    Anyway have wittered on, off to dream about my garden!

    Jodles
Page 29
    • jodles16
    • By jodles16 4th Feb 19, 1:43 PM
    • 1,433 Posts
    • 4,328 Thanks
    jodles16
    February 2019 Mortgage Stats:


    Was: £158,003
    Now: £157,614
    Monthly Payment: £666.72
    Capital Paid: £389
    Interest: £277.72


    It is lovely to see that capital is more than interest!

    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-

    • Moneyfordreams
    • By Moneyfordreams 4th Feb 19, 2:16 PM
    • 1,257 Posts
    • 6,153 Thanks
    Moneyfordreams
    looking good Jodles
    Mortgage restart June 2018 £119950
    Feb 19 mortgage £112650, £4850cc, £6500, £1489, car £7550 (holy cr@9 )
    • jodles16
    • By jodles16 9th Feb 19, 8:21 AM
    • 1,433 Posts
    • 4,328 Thanks
    jodles16
    Thanks MFD!

    I have now opened a 5% saver with M&S again, get £81 in interest by the end of the year, at the moment its sat in a 1.5% current account which works for the money we need more instant access to.

    Have also started a little blog, if anyone is interested you can let me know!

    Doing ok with Onepoll at the moment and have joined another couple of survey sites as well.

    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-

    • SuperSecretSquirrel
    • By SuperSecretSquirrel 9th Feb 19, 11:26 AM
    • 729 Posts
    • 3,230 Thanks
    SuperSecretSquirrel
    What's the blog about jodles?
    Mortgage free 17.5 years early. Totally debt free. Heading towards financial independence.
    MFiT-T5: 18.8% (3/36)
    FI (exc SP): 2013 -1%, 2014 3%, 2015 7%, 2016 13%, 2017 18%, 2018 32%, 1/4/19 35.3%
    • jodles16
    • By jodles16 10th Feb 19, 2:11 PM
    • 1,433 Posts
    • 4,328 Thanks
    jodles16
    Hey SSS, its a bit of a mix, of ideas for ways I am trying to save money, areas I struggle with, different plans I have such as MFWing! An eclectic wandering of my mind!haha.


    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-

    • Moneyfordreams
    • By Moneyfordreams 14th Feb 19, 12:15 PM
    • 1,257 Posts
    • 6,153 Thanks
    Moneyfordreams
    i'm interested x
    Mortgage restart June 2018 £119950
    Feb 19 mortgage £112650, £4850cc, £6500, £1489, car £7550 (holy cr@9 )
    • jodles16
    • By jodles16 1st Mar 19, 10:45 AM
    • 1,433 Posts
    • 4,328 Thanks
    jodles16
    And here is March! How scary that we are in the third month already!haha. I have been enjoying the freaky warm weather this past week, managed to accidently plan my shifts quite well to enjoy it! Much better than this time last year!


    Am on nights tonight and tomorrow, have heard some worrying rumours about the place so I am feeling apprehensive and wish I hadnt agreed, hopefully my shifts will be grand and there will be no issues!


    I went AWOL again, this seems to be a regular occurance, am back much quicker this time! Have earnt enough wages again this month, so thats a good feeling. Have done my money shuffles and I am feeling proud of how things are looking. Have also got some shifts all the way to the end of March, only need a couple of extras and thats another months wage that is ok!



    Will do a seperate mortgage announcement in next post!


    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-

    • jodles16
    • By jodles16 1st Mar 19, 10:49 AM
    • 1,433 Posts
    • 4,328 Thanks
    jodles16
    March 2019 Mortgage Stats:


    Was: £157,614
    Now: £157,224
    Monthly Payment: £666.72
    Capital Paid: £390
    Interest: £276.72
    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-

    • try harder
    • By try harder 1st Mar 19, 11:02 AM
    • 847 Posts
    • 3,383 Thanks
    try harder
    Good to see you more often . I too must get in to the habit of posting more regularly it definitely helps .Great numbers you are doing really well .
    • Moneyfordreams
    • By Moneyfordreams 1st Mar 19, 3:06 PM
    • 1,257 Posts
    • 6,153 Thanks
    Moneyfordreams
    I enjoyed reading your blog... What a wonderful garden.. I'm very envious . We are in suburban residential area. I wasn't able to coax OH away
    Mortgage restart June 2018 £119950
    Feb 19 mortgage £112650, £4850cc, £6500, £1489, car £7550 (holy cr@9 )
    • jodles16
    • By jodles16 8th Mar 19, 9:06 AM
    • 1,433 Posts
    • 4,328 Thanks
    jodles16
    Thanks MFD! It is a little waffly at times!haha. And I also love, love, love my garden, its the main reason we fell in love with the house! All covered in mini ponds at the moment because of the rain! Bah!


    Yesterday, I accepted a full time job again. Permanent days, as a senior nurse in an EMI home. The company seems very good, very involved with the staff and training so I decided to give it a go. Got a horrid feeling about locking into another job after having such a hard time in the previous jobs, but I think I would be stupid not to take this oppertunity, and the place did elicit excitement in me! Plus, Agency is working out fine, but I would like the security.


    Will be an increase in wage, as I am not always getting enough work on the agency to earn above what I need. Therefore, holidays coming up won't feel pressurised as I will already be getting paid and earning regularly. And, its a step up the ladder towards management, which I am toying with at the moment.


    Hubby is working away lots at the moment, bit fed up of that, but can't be helped.


    Not sure I divulged that he bought a classic american pick up, it is amazing, bright yellow Ford F100 1974. I love her. We have found out that for £4900 she was a steal and that once she is fixed up she could be worth four times that! We were joking that hubby's previous car cost way more than that and it was modern, just kept falling apart!haha.



    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-

    • try harder
    • By try harder 8th Mar 19, 9:36 AM
    • 847 Posts
    • 3,383 Thanks
    try harder
    Brilliant news about the new job well done

    Loving the car .We have had lots of classic cars over the years . You did well there
    • jodles16
    • By jodles16 16th Apr 19, 9:00 AM
    • 1,433 Posts
    • 4,328 Thanks
    jodles16
    Thanks try harder! She is a wonderful truck, so I am still very pleased with her! Classic cars are just awesome!

    Three days into my new job, it seems ok so far, so hoping that the longer I am there the more it will move towards good rather than just ok!haha.

    Managed to not pop in for a while again, life sometimes gets in the way! We have been looking at increasing our mortgage monthly repayments- I think we can afford £250.28- the 28p is to round up the usual payment to a whole number. The mortgage would then be £917 a month. If it works out it is less affordable than I thought, we will just reduce it or pause payments for a while.

    This overpayment would mean that we would pay the mortgage off 8 years and 9months early, so in 17 years- I would be 48. This feels so good after about a year of no overpayments at all!

    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-

    • jodles16
    • By jodles16 16th Apr 19, 9:06 AM
    • 1,433 Posts
    • 4,328 Thanks
    jodles16
    April Mortgage Stats:


    Now: £156,834
    Monthly Payment: £666.72
    Capital Paid: £389 approx
    Interest: £277.72 approx


    For May we will be overpaying £250.28, making our payments £917. This will be almost covering our interest which is very exciting!! Looking forward to May 1st!!



    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-

    • jodles16
    • By jodles16 23rd Apr 19, 12:26 PM
    • 1,433 Posts
    • 4,328 Thanks
    jodles16
    Well what a lovely, hot bank holiday weekend! I worked a long day on Monday, but will get time and a half so thats very welcome! Weather was just what I needed, the dogs, hubby and I barely left the house/garden all weekend!

    Had some sad news last week, life can be so unexpected at times, though I am lucky that those closest to me are all safe and functioning as well as can be expected.

    In garden news, I painted a third fence panel- it has taken a year to have painted three! I get bored so quickly and it was so hot on the weekend that even one felt like too much hard work! We are planning on making a second story in the chicken run to give them more space on the days we cannot let them out, that should be a fun task! Some of my vegetables have started to grow, though I also suspect some are weeds but I am reluctant to pull them out until I know for sure!

    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-

    • Kittenkirst
    • By Kittenkirst 23rd Apr 19, 12:37 PM
    • 2,120 Posts
    • 11,789 Thanks
    Kittenkirst
    Glad the new job is going well so far, long may it continue for you.

    I can totally sympathise about the fence panel painting- we started ours last year and I have three panels and gate that need the second coat on but canít face it in this gorgeous weather. Makes me sweat just thinking about it!

    Great to see your numbers chip chip chipping away too
    2019 MFW #20£1172.70/ £4500 26%

    Mort- Oct16 £170.995 (end Nov 2041) Dec18 £152,838

    Overpayments 2016 £255.50 2017 £2600.40 2018 £4500
    Referral codes= Prolific- 8JXN5BVG shopmium- ACEAHKFA Shoppix- 57VB13QH
    • Moneyfordreams
    • By Moneyfordreams 23rd Apr 19, 5:44 PM
    • 1,257 Posts
    • 6,153 Thanks
    Moneyfordreams
    glad the new job is ok... its the making friends and learning the ropes that make things greater . OP plans
    Mortgage restart June 2018 £119950
    Feb 19 mortgage £112650, £4850cc, £6500, £1489, car £7550 (holy cr@9 )
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,896Posts Today

7,304Users online

Martin's Twitter
  • Have a great Easter, or a chag sameach to those like me attending Passover seder tomorrow. I?m taking all of next? https://t.co/qrAFTIpqWl

  • RT @rowlyc1980: A whopping 18 days off work for only 9 days leave! I?ll have a bit of that please......thanks @MartinSLewis for your crafty?

  • RT @dinokyp: That feeling when you realise that you have 18 days of work and only used 9 days of your annual leave! Thanks @MartinSLewis h?

  • Follow Martin