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  • FIRST POST
    • A Frayed Knot
    • By A Frayed Knot 8th Jun 15, 11:34 PM
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    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 72
    • A Frayed Knot
    • By A Frayed Knot 12th Mar 18, 7:52 AM
    • 2,394 Posts
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    A Frayed Knot
    So back from my travels, fantastic break that was much needed, was having a mini melt down, did not realise just how hard I had been working. Now back to the grind stone with gusto, fresh ideas and a focus on the target, by April will be able to see how financials tot up.

    Another knotty o/p made of 215.85 to bring the end to 00.00 (am now rounding off end balance to either 000.00 or 500.00) that way I'm hoping the thousands will just drop off

    Off in around a week for another fortnight - give or take a half day - well take ready with "to do" list in hand. This house is going to be "ship shape" (I hope) by the end of March.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 18 months 6/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/4000, 2015/6294.69, 2016/3186.80, 2017 4068.97

    • shangaijimmy
    • By shangaijimmy 12th Mar 18, 8:00 AM
    • 2,736 Posts
    • 13,596 Thanks
    shangaijimmy
    House jobs is a timely reminder that Spring is on us! I'm determined to get the garden sorted (powerwashed, regrouted, conservatory cleaned, gutters emptied etc...) before June this year! Last year everytime i had some time available the weather decided it wasn't ready for such activities. So in AFK fashion i will get a job list created and put on the fridge.
    MFW: Turning June 2036 into March 2025... 39//120 Payments Challenge, Diary Reduction 42,061.17
    Aug 2009: 163,051 // Current: 93,938.84 // Avg Daily Interest 4.22
    MFiT-T4 #8 - 74.24% of 41,000
    • A Frayed Knot
    • By A Frayed Knot 12th Mar 18, 8:29 AM
    • 2,394 Posts
    • 10,728 Thanks
    A Frayed Knot
    House jobs is a timely reminder that Spring is on us! I'm determined to get the garden sorted (powerwashed, regrouted, conservatory cleaned, gutters emptied etc...) before June this year! Last year everytime i had some time available the weather decided it wasn't ready for such activities. So in AFK fashion i will get a job list created and put on the fridge.
    Originally posted by shangaijimmy
    Managed to spend a good few hours in the garden just before all that snow came, so a good start to the "spring" sorting outside, but if weather is any good, then it'll be time to stain fence/shed and a few pot plants will do - and as i'm typing this and endless list is popping into my head, but I do know 1 thing - I'll not be doing any gutters, am thinking about getting them re-newed along with the fascias.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 18 months 6/24
    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 18th Mar 18, 4:02 PM
    • 2,394 Posts
    • 10,728 Thanks
    A Frayed Knot
    Off in around a week for another fortnight - give or take a half day - well take ready with "to do" list in hand. This house is going to be "ship shape" (I hope) by the end of March.
    Originally posted by A Frayed Knot
    Did I say that - yes, think I did, oops

    Started that list this weekend, but so much more still to add to it. So far, sorted bathroom blind (it fell down !!!) and cut a piece off - so pantry blind made - just need to work out how to attach without making holes in new surround trim its a blind that won't move as its a tiny window, anyhow back to the bathroom and I have prepared the bath/shower and sink ready for new silicone.

    Shelves in pantry in progress atm - then can start filling it up - I can already see this is a good move, as can see what I have for my batch cooking at a glance instead of rummaging the back of the cupboards.

    Kitchen cupboards need re-organising - on the list.

    However will not be finished as I hoped by end of March, as I enjoyed my last break and everyone remarked how calm and de-stressed I looked, I booked another mini break leaving Friday to the Canary Islands so will be away for my birthday

    Snow here was lovely this morning and certainly not anything like we had a couple of weeks ago, when we had two RED days announced.

    Got someone to work my Easter Monday, so I'm now working the May holiday - can't have it all ways.

    Omg - have just noticed a large damp patch above my door in the porch (as such) yuk - that needs sorting straight away - another job for the top of my list.

    Have just spent 20 mins on surveys only to be told the usual - have reached our target, you don't meet our requirements etc etc, think I'll cash in and give it up as a bad job. 80 in vouchers waiting for me and have just completed a Pc survey, another 3 to claim

    At end of March, I'm hatching a plan to get things moving even quicker (I hope) so roll on April

    Let the games begin.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 18 months 6/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/4000, 2015/6294.69, 2016/3186.80, 2017 4068.97

    • bexster1975
    • By bexster1975 18th Mar 18, 5:25 PM
    • 1,194 Posts
    • 5,642 Thanks
    bexster1975
    To do list sounds a bit like one step forward two steps back!!

    More holidays coming? Are you a teacher?


    Hope you are ok yourself.

    Bexster
    • A Frayed Knot
    • By A Frayed Knot 18th Mar 18, 5:39 PM
    • 2,394 Posts
    • 10,728 Thanks
    A Frayed Knot
    The list grows every day - can't keep up with all the "to do" jobs and I/m in the right frame of mind just now to "gut" out

    However I do need "help" in a big way, I have just gone through my kitchen cupboards and filled a huge black bag with all the flipping containers I have for baking, batch cooking, microwaving etc etc . . . sooooo
    how can I whittle it down . . . . I need help here . . .

    A teacher indeed might not mind, what with all the holidays they get not to mention "the" large salary . . . I wish . . . double and more of mine . . . just think where I would be . . . MF

    ps - just found 5 pots of strawberry jam tea and scones anyone ??
    Last edited by A Frayed Knot; 18-03-2018 at 5:43 PM.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 18 months 6/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/4000, 2015/6294.69, 2016/3186.80, 2017 4068.97

    • JAMIEDODGER
    • By JAMIEDODGER 19th Mar 18, 6:39 AM
    • 4,271 Posts
    • 18,692 Thanks
    JAMIEDODGER
    Your list sounds like mine It's never ending...I always seem to be adding far more to it than I am crossing off! Scones...yes please
    #82 12k in 2018 - 3473.45/12000 - 28.95%
    Retirement Fund 10850.02/250000 - 4.34%
    House Fund 2679.13/50000 - 5.36%
    Travel Fund 199.49/2500 - 7.98%
    • edinburgher
    • By edinburgher 19th Mar 18, 11:55 AM
    • 11,148 Posts
    • 59,848 Thanks
    edinburgher
    Our lists are always like that! I recently read "Don't Sweat the Small Stuff" and one of my favourite messages was "Your in tray will never be empty". Sounds obvious, but I like it as a calming thought to (try) and not get too worked up about tasks that just won't leave you alone!
    • A Frayed Knot
    • By A Frayed Knot 20th Mar 18, 10:19 AM
    • 2,394 Posts
    • 10,728 Thanks
    A Frayed Knot
    Now officially on a/l for next 14 days and . . . Loads to do

    Sun is shining (although thick ice on cars this morning).

    Frightened to have a look at finances as March is always a very spendy month that on top of 2 mini breaks abroad (1 gone, 1 still to go) have not helped.

    When I buy on c/c I always already have the money there to cover the spend, so normally just transfer it over to the c/c bank account in wait for the 0% ending. Not this time But not due till Jan next year, so have time to pay back.

    Still plodding away, between bathroom and kitchen - saw wallpaper that caught my eye whilst driving by a wallpaper shop - so will go back and have a proper look.

    And for once, know what I actually want for my birthday - I need a printer for my chromebook, have actually bought one or two in the past, then my brother has needed a printer, so he gets them, before I manage to get them out the box and connected up.

    Right this is not getting work done - 1st job - tackle that black bag with they flipping containers, I mentioned.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 18 months 6/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/4000, 2015/6294.69, 2016/3186.80, 2017 4068.97

    • bexster1975
    • By bexster1975 20th Mar 18, 5:24 PM
    • 1,194 Posts
    • 5,642 Thanks
    bexster1975
    Hurrah for annual leave!

    My new lifestyle means I will only work all day for someone else two days of your 14 days annual leave

    If you want a buddy to help get stuff done, I have a few spring cleaning things planned over the next week.

    Off to clean the bedroom office and lounge as I've already changed the bed this afternoon

    Bexster
    • A Frayed Knot
    • By A Frayed Knot 20th Mar 18, 6:43 PM
    • 2,394 Posts
    • 10,728 Thanks
    A Frayed Knot
    Hi Bexster

    has your 1 day week started already? How's that going? I did think you were working a whole lot more than that - say 100% more - like 2 days a week !!!

    Would love the company spring cleaning, however have 2 days (3 sleeps) before I fly off to sunnier climes (I hope).

    Atm - in the midst of the kitchen, my pantry is looking great, still have 2 cupboards and 2 drawers to do though - 1 full of booze (I don't drink) and 1 full of medication (nough said).

    11 cabinets done and 1 tall one plus 2 drawers - all emptied cleaned and out of date stuff - thrown out , just thrown out a jar which was won in a guess how many sweets in the jar comp, 189 unopened sweets - roses, chocolates, toffees, mints etc, etc - lying at the back of a cupboard - forgotten about now binned.

    Anyway back to the booze (cupboard, that is)
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 18 months 6/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/4000, 2015/6294.69, 2016/3186.80, 2017 4068.97

    • bexster1975
    • By bexster1975 20th Mar 18, 6:48 PM
    • 1,194 Posts
    • 5,642 Thanks
    bexster1975
    Lol! I am working two days a week but I'm done now until Monday! And after that I'm off until the 16th April!

    In fairness, I have quite a bit going on of my own stuff too.

    Oooh, get you jetting off to sunnier climes.

    Gutted about the booze. I think you are too far away for me to come and " declutter" it for you!

    Bexster
    • selloptape
    • By selloptape 20th Mar 18, 7:04 PM
    • 457 Posts
    • 1,890 Thanks
    selloptape
    Did I hear volunteers needed for a booze clearout?
    GC May 235.52/290 GC April 240.65/300March 322.53/350
    2 Savers Club #59 58
    MFW 2018 #49 600/3,000
    MFiT T4 #21 - reduce mortgage by 20k over 3 years
    • A Frayed Knot
    • By A Frayed Knot 20th Mar 18, 9:53 PM
    • 2,394 Posts
    • 10,728 Thanks
    A Frayed Knot
    Lol! I am working two days a week but I'm done now until Monday! And after that I'm off until the 16th April!

    In fairness, I have quite a bit going on of my own stuff too.

    Oooh, get you jetting off to sunnier climes.

    Gutted about the booze. I think you are too far away for me to come and " declutter" it for you!

    Bexster
    Originally posted by bexster1975
    Well herro rer . . . hic, hic,

    So working 2 days/week, you off on a/l as well

    Working for yourself is so much harder - need to be disiplined
    should be easy for you being an ex teacher

    As for decluttering the booze - not a chance - they are kept for medicinal purposes, I once had the most almighty toothache - came in very handy Hmmmm that means I have 2 cupboards full of medicine
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 18 months 6/24
    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 Mar 18, 9:56 PM
    • 2,394 Posts
    • 10,728 Thanks
    A Frayed Knot
    Did I hear volunteers needed for a booze clearout?
    Originally posted by selloptape

    Well herro rer

    Cleared out and put back in (well most ) of hic, hic, it.

    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 18 months 6/24
    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 Mar 18, 10:09 PM
    • 2,394 Posts
    • 10,728 Thanks
    A Frayed Knot
    Well herro rer, Ed

    Hope you get this one, or are you too young to remember ?? Good old SB.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 18 months 6/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/4000, 2015/6294.69, 2016/3186.80, 2017 4068.97

    • bexster1975
    • By bexster1975 21st Mar 18, 6:56 AM
    • 1,194 Posts
    • 5,642 Thanks
    bexster1975
    I'm on AL after next Monday and Tuesday. In honesty, I will be more busy with work over Easter than during term time! All good tho!

    Mostly I don't feel I need much discipline to do my own thing. I suppose because I have wanted to for so long, and really enjoy it.

    Bexster
    • shangaijimmy
    • By shangaijimmy 21st Mar 18, 7:47 AM
    • 2,736 Posts
    • 13,596 Thanks
    shangaijimmy
    There you go with a Spring clean, putting us all to shame! We watched the film Mr and Mrs Smith last night and after the fight in the house where it gets trashed (I'm being very presumptous here that people have watched it) Mrs SJ said "Oh that lovely house", for me to reply "Its still tidier than ours...". In the meantime i'm threatening to do a job list...
    MFW: Turning June 2036 into March 2025... 39//120 Payments Challenge, Diary Reduction 42,061.17
    Aug 2009: 163,051 // Current: 93,938.84 // Avg Daily Interest 4.22
    MFiT-T4 #8 - 74.24% of 41,000
    • A Frayed Knot
    • By A Frayed Knot 21st Mar 18, 8:37 AM
    • 2,394 Posts
    • 10,728 Thanks
    A Frayed Knot
    I'm on AL after next Monday and Tuesday. In honesty, I will be more busy with work over Easter than during term time! All good tho!

    Mostly I don't feel I need much discipline to do my own thing. I suppose because I have wanted to for so long, and really enjoy it.

    Bexster
    Originally posted by bexster1975
    Over Easter, are you crafting? must be lovely to have your own time, there is so much I want to do to the house now we have light mornings and evenings as well as spend a bit of recreational time.

    I have always said -
    " If you enjoy your work, it's work,
    If you don't like it, then its hard work"


    There you go with a Spring clean, putting us all to shame! We watched the film Mr and Mrs Smith last night and after the fight in the house where it gets trashed (I'm being very presumptous here that people have watched it) Mrs SJ said "Oh that lovely house", for me to reply "Its still tidier than ours...". In the meantime i'm threatening to do a job list...
    Originally posted by shangaijimmy

    Oh, you do like to live dangerously, did you duck when the daggers came your way ??



    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 18 months 6/24
    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 Mar 18, 8:43 AM
    • 2,394 Posts
    • 10,728 Thanks
    A Frayed Knot
    Nearly finished (I think) the kitchen, geeze I have a spare toaster, kettle, iron and microwave, maybe I should set up one of the spare rooms as a bedsit

    Trouble is all that work and you can't see it, everything looks much the same , until you open the cabinets

    Today I need to get tickets etc printed out as I don't have a printer (yet) - on the list of "to gets"
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 18 months 6/24
    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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