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  • FIRST POST
    • A Frayed Knot
    • By A Frayed Knot 8th Jun 15, 11:34 PM
    • 2,367Posts
    • 10,553Thanks
    A Frayed Knot
    Was Mortgage Free until 52!!!
    • #1
    • 8th Jun 15, 11:34 PM
    Was Mortgage Free until 52!!! 8th Jun 15 at 11:34 PM
    I was a lurker, but inspired by this thread to start my own diary and although my figures are positively small fry to some - its still my mortgage.

    A bit about me, took the plunge and bought a house age 50 plus by myself, everyone asked "Are you mad?" But thought - I can do this.

    Bought at auction, so got a bit of a bargain (the only way I could afford a mortgage) and had what I would call (in my terms) a nice deposit. Took out an 80% mortgage, and lenders would only give me an 18 year term, 2 years fixed at 4.5%, so in my eyes I have already knocked 7 years off my mortgage - how's that for positive thinking?

    I'm now 3 years down the line and have already made the classic mistake, did not renew my fixed term after the 2 years (and still haven't) as it reverted to 3.99% which was lower than I was paying and on making my first large overpayment, they reduced my monthly payments Little did I know what I know now. So its time to get my mortgage in order.

    I have about a years mortgage savings - and about 3 years mortgage payments out on loan at the moment.

    I pay a minimal 45.00 into an isa every month, but was thinking of adding this to my monthly mortgage payments when I remortgage thus reducing the years even further. What do you think?

    I work full time and overtime is available for the moment although I never accept, as I go in early and stay late - could class that as overtime,

    As you can tell, I'm a bit obsessed with overpayments, but well - you can see my point - at my age, want to be "mortgage free" asap.

    My Motivation Madness;
    I have a simple method to keep me motivated, only thing is to explain I make it sound complicated and only works if you have a sub account as well, but you could adjust to suit yourself.
    • "Always have 0.00 at the end of your mortgage"
    • This way the least/most you will pay is 1p or 9.99
    • On flush days you could go for 00.00 at the end or even 000.00
    I know, I know, I need to get out more Good Luck whatever you decide.
    Last edited by A Frayed Knot; 10-05-2018 at 8:28 PM.
Page 70
    • A Frayed Knot
    • By A Frayed Knot 15th Jan 18, 5:55 AM
    • 2,367 Posts
    • 10,553 Thanks
    A Frayed Knot
    Yesterday I done my 1st tiny shop this year. Probably spent about £20 this year so far, on food essentials, Got 4 large Gammon Steaks - half price - 3 are now in the freezer Must get my gloves on and go through the freezer as at the back of my mind - want to use up as much as I can from there before buying anything else, so from now it's project - eat from freezer

    Was speaking to a friend a while back discussing insurance. I said - check this out - and gave her details . Last week when renewing she phoned them, and whilst talking to them said she heard this little voice in her ear (mine) telling her to ask if they could do any better they knocked off £200 she felt really proud of herself BUT she is still paying way far too much (over 4 times) the amount my DB managed to get for my mum who has the same style/size of house as her /

    I did try and least she saved £200
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 19 months 5/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69, 2016/£3186.80, 2017 £4068.97

    • Kittenkirst
    • By Kittenkirst 15th Jan 18, 6:00 AM
    • 1,889 Posts
    • 10,124 Thanks
    Kittenkirst
    £200 is definitely a decent saving and it!!!8217;s progress for her so well done you. Can you gently push her in the right direction for next year?
    2018 MFW #20 - OP £1799.61/ £3000 60%
    Mar: £218 Apr: £528.91 May: £361.07

    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    Overpayments 2016 £255.50 2017 £2600.40
    • A Frayed Knot
    • By A Frayed Knot 15th Jan 18, 6:49 AM
    • 2,367 Posts
    • 10,553 Thanks
    A Frayed Knot
    £200 is definitely a decent saving and itís progress for her so well done you. Can you gently push her in the right direction for next year?
    Originally posted by Kittenkirst
    I'll try again throughout the year. They are so not MSE'ers. She tells me what she pays for utilities, and I think OMG I can help you save, save, save.

    Another quick glance at my balance (mortgage that is) and is ending in 829.22, already paid the 9.22 so it's off with the 2 now. Giving me 00.00 at the end.

    £20.00 knotty o/p made

    Oh, and 4 parcels to be posted today
    Last edited by A Frayed Knot; 15-01-2018 at 6:54 AM.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 19 months 5/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69, 2016/£3186.80, 2017 £4068.97

    • A Frayed Knot
    • By A Frayed Knot 16th Jan 18, 9:06 PM
    • 2,367 Posts
    • 10,553 Thanks
    A Frayed Knot
    Well they have reduced my monthly mortgage payments, nice of them to do that as I am no longer in a deal. So now I need to o/p double my actual mortgage payment to keep on target

    Looks like MB may just have another visit from me

    The weather here is gorgeous, a white winter wonderland, and I'm hoping it stays that way as I hate the wet slush.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 19 months 5/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69, 2016/£3186.80, 2017 £4068.97

    • A Frayed Knot
    • By A Frayed Knot 16th Jan 18, 10:43 PM
    • 2,367 Posts
    • 10,553 Thanks
    A Frayed Knot
    Remember the friend I mentioned that "managed" to save £200 on her insurance - well she only went and washed her DH's jacket with his new phone in the pocket

    He is none too pleased It's sitting in a dish covered in rice atm, and if that doesn't do the trick, its bye bye £200 as excess
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 19 months 5/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69, 2016/£3186.80, 2017 £4068.97

    • A Frayed Knot
    • By A Frayed Knot 20th Jan 18, 8:53 AM
    • 2,367 Posts
    • 10,553 Thanks
    A Frayed Knot
    Morning all, weather still bad here, with ice under the snow then iced up overnight again, some lucky ones got away from work early last night.

    I am running out of basics but could be inventive and love pottering about in the house/kitchen when weather bad - would be nice to have a big pot of soup on, and maybe even get round to another MB.

    Bed changed, Washing on, and just parcelling up 3 items that sold, then onto ironing.

    Have booked a week off at the beginning of Feb

    Patiently waiting for pay day to arrive on Thurs, and with MFi3 totals due in 2 days before, I'll be robbing Peter to pay Paul for 2 days That mortgage figure is coming down . . .


    Enjoy your weekend.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 19 months 5/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69, 2016/£3186.80, 2017 £4068.97

    • EatingTheElephant
    • By EatingTheElephant 20th Jan 18, 9:08 AM
    • 1,289 Posts
    • 7,060 Thanks
    EatingTheElephant
    Great progress with the mortgage AFK, enjoy the pottering.
    • A Frayed Knot
    • By A Frayed Knot 20th Jan 18, 12:37 PM
    • 2,367 Posts
    • 10,553 Thanks
    A Frayed Knot
    Thank you ETE.

    Nice productive morning, and just having lunch before starting again.

    Had some money given to me for Xmas and have decided to splash out on new bedding I have seen, just need to wait till they get my size in, and I want a nice new pen, nothing too fancy but one that I will know is mine.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 19 months 5/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69, 2016/£3186.80, 2017 £4068.97

    • Kittenkirst
    • By Kittenkirst 20th Jan 18, 2:02 PM
    • 1,889 Posts
    • 10,124 Thanks
    Kittenkirst
    Ouch to the fiend washing other half!!!8217;s mobile phone!! Hope it was rescued ok!

    Sounds like you!!!8217;ve had a productive day already, enjoy Pottering around x
    2018 MFW #20 - OP £1799.61/ £3000 60%
    Mar: £218 Apr: £528.91 May: £361.07

    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    Overpayments 2016 £255.50 2017 £2600.40
    • A Frayed Knot
    • By A Frayed Knot 20th Jan 18, 3:00 PM
    • 2,367 Posts
    • 10,553 Thanks
    A Frayed Knot
    Too much time on my hands for the moment so been playing about with the calculator for fun, decided to see what I would be paying a month if I left the term at the original date Feb 2030.

    Monthly mortgage payment would be £111.04 if rates stayed the same, of course.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 19 months 5/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69, 2016/£3186.80, 2017 £4068.97

    • A Frayed Knot
    • By A Frayed Knot 21st Jan 18, 10:55 AM
    • 2,367 Posts
    • 10,553 Thanks
    A Frayed Knot
    Enjoyed my day yesterday, pottering and doing some odd jobs that tend to get left on the back burner for another day that never arrives.

    Had the usual quick meal out last night for catch up with DB and mum.

    After a beautiful sunny day yesterday, they said rain today to wash away all the snow that didn't melt yesterday (which was practically none) but just looked out and could have sworn I saw snowflakes, so had to investigate and - yes, its snowing again

    Looks like another day in, which I am actually quite pleased about, may just make some tablet, or lemon coconut slices, or maybe even a clootie dumpling, as I have all the ingredients in, hmmm, the thought of it.

    Washing that was done yesterday is now ironed and ready to put away, will then tackle other jobs waiting for me.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 19 months 5/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69, 2016/£3186.80, 2017 £4068.97

    • A Frayed Knot
    • By A Frayed Knot 24th Jan 18, 9:35 PM
    • 2,367 Posts
    • 10,553 Thanks
    A Frayed Knot
    Well, have recovered from the wild winter weather we had at the weekend and back in full swing to full time work.

    Countdown on both payday (tomorrow) and a/l - 7 more working days. Both are most welcome

    Finally I have a new mind mantra for my spends - I'm putting them on a diet

    Managed to take an item back so £20 refunded but spent half on hair dyes and deodorants which will keep me going for the next couple of months. I listen to work mates to hear them say I spend £90 a month at the hairdressers enough to make your hair stand on end

    Saving - around £85/month Of course I would never pay that anyway, well not every month

    Still have M@arks' vouchers, which could be earmarked for a nice dinner for 2 deal
    Saving - around £40-£50

    This mortgage won't pay itself, and already planning come summer
    I will be walking both to and from work.
    Saving £32/month

    So plans afoot, hope I can keep it going a little longer than an actual diet
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 19 months 5/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69, 2016/£3186.80, 2017 £4068.97

    • Kittenkirst
    • By Kittenkirst 24th Jan 18, 10:23 PM
    • 1,889 Posts
    • 10,124 Thanks
    Kittenkirst
    Oh.my.lord clootie dumpling- do you have a recipe? My sadly departed Auntie used to make me that when I would stay in the Lake District with her most summers as a child!

    Naughtily she used to slice it and fry it for witha dry-up :O delicious but so naughty!!!
    2018 MFW #20 - OP £1799.61/ £3000 60%
    Mar: £218 Apr: £528.91 May: £361.07

    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    Overpayments 2016 £255.50 2017 £2600.40
    • A Frayed Knot
    • By A Frayed Knot 29th Jan 18, 7:10 AM
    • 2,367 Posts
    • 10,553 Thanks
    A Frayed Knot
    Hi Kittenkirst

    Clootie Dumpling - nothing to beat the smell and taste as it is just freshly made - you (I) always have to have a slice as soon as ready and slightly cooled

    I have just been testing out different recipes each time

    http://allrecipes.co.uk/recipe/8576/microwave-clootie-dumpling.aspx - missed out step 3 in method (hate all that) OR
    http://www.geniuskitchen.com/recipe/microwave-clootie-dumpling-87888

    Please let me know how you get on.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 19 months 5/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69, 2016/£3186.80, 2017 £4068.97

    • A Frayed Knot
    • By A Frayed Knot 29th Jan 18, 7:20 AM
    • 2,367 Posts
    • 10,553 Thanks
    A Frayed Knot
    Onto that Diet I mentioned. Well its starting today as weekend was a spendy one

    However not all bad as it was Christmas money I had left, so I now have luxury new bedding and after having seen the price elsewhere - going back for the bottom sheet and spare pillowcases as very reasonable. (Still using Xmas money) And also bought myself another Jacket for work.

    Now the hard part - Make lunches every day this week so no spends, other than bus fares to work which I put to one side for the whole week, and since I stop on Friday for a whole 9 days (boy am I looking forward to that) will see how that goes.

    Adding target countdown to my signature since it's so close, might give me the final push to make more of an effort.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 19 months 5/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69, 2016/£3186.80, 2017 £4068.97

    • A Frayed Knot
    • By A Frayed Knot 29th Jan 18, 8:49 PM
    • 2,367 Posts
    • 10,553 Thanks
    A Frayed Knot
    Very busy day at work but did manage a meet up with work mate in another dept for a catch up at lunch time.

    A NSD clocked up for me.

    Bargain at the weekend was mini bottles of fresh orange juice from 30p to 15p from L1dls
    100% NOT from concentrate.

    After having nearly the month of January off, it's a mighty effort to start eb@ying again, but so it must be. (Well maybe after my weeks leave). I'll start prepping them just now in readiness.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 19 months 5/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69, 2016/£3186.80, 2017 £4068.97

    • A Frayed Knot
    • By A Frayed Knot 29th Jan 18, 8:52 PM
    • 2,367 Posts
    • 10,553 Thanks
    A Frayed Knot
    Oh.my.lord clootie dumpling- do you have a recipe? My sadly departed Auntie used to make me that when I would stay in the Lake District with her most summers as a child!

    Naughtily she used to slice it and fry it for witha dry-up :O delicious but so naughty!!!
    Originally posted by Kittenkirst
    Well you put me in the mood for a fry up, so that's just what I had for dinner !!! shame it was without the dumpling but the tattie scones were delicious.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 19 months 5/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69, 2016/£3186.80, 2017 £4068.97

    • A Frayed Knot
    • By A Frayed Knot 30th Jan 18, 6:38 AM
    • 2,367 Posts
    • 10,553 Thanks
    A Frayed Knot
    Up with the larks this morning, ready for business. Lunch made, so I'm hoping for another nsd, if I can manage tomorrow as well that means it's a week shorter till next payday

    Tell myself payday is not until this week as don't feel I really get paid until mortgage comes off.

    It's going to be a very tight few months - till end of April where I hope to get back to normal (whatever that is)
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 19 months 5/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69, 2016/£3186.80, 2017 £4068.97

    • Kittenkirst
    • By Kittenkirst 30th Jan 18, 10:27 PM
    • 1,889 Posts
    • 10,124 Thanks
    Kittenkirst
    OH man tattie scones! You are totally speaking my language- my current gym plans don!!!8217;t really allow for tattie scones but I have saved the clootie dumpling links and will try making it as a !!!8216;treat!!!8217; one weekend in Feb
    Thanks for sharing!

    Hope you managed your NSD today!
    2018 MFW #20 - OP £1799.61/ £3000 60%
    Mar: £218 Apr: £528.91 May: £361.07

    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    Overpayments 2016 £255.50 2017 £2600.40
    • A Frayed Knot
    • By A Frayed Knot 9th Feb 18, 10:33 AM
    • 2,367 Posts
    • 10,553 Thanks
    A Frayed Knot
    Back from my week away at the caravan, was a bit cold so now waiting on a huge bill arriving down side to having a holiday bolt hole

    Good News - Items re-listed late last night on the bay and already have 1 item sold

    Not so Good - Have been reading interest rates set to rise in May and again in November, which is making me re-think my plans, so it's out with the calculator - again.
    (Thoughts are - big monthly payments, 10% o/p's then when MF target/d-date arrives, then pay off and pay penalty - which may be cheaper than difference % interest rate atm). Any thoughts ??

    Have been eating out of freezer buying just essentials. Nice ££'s savings there.

    There's more - but can't wait to get on the calculator once again, to see what's the best choice. Will update later.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 19 months 5/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69, 2016/£3186.80, 2017 £4068.97

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