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  • FIRST POST
    • A Frayed Knot
    • By A Frayed Knot 8th Jun 15, 11:34 PM
    • 2,473Posts
    • 10,939Thanks
    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 76
    • A Frayed Knot
    • By A Frayed Knot 9th May 18, 7:59 PM
    • 2,473 Posts
    • 10,939 Thanks
    A Frayed Knot
    14.41 a spooky reversible amount!

    Feel your pain on the potential fence and shed painting. But feeling your pain in a smug way given i have done mine! A 9litre tub, drained in a day!
    Originally posted by shangaijimmy

    Well SJ you are 1 step ahead of me - I didn't even see that !!! Spooky right enough.

    Other things on my mind atm - good friends mum just been put on palliative care. Feel for her atm.

    Last 2 days dull and wet not to mention cold, might never get the fence/shed done at this rate.
    Always have 00.00 at the end of your mortgage and one day it will all be 0's
    Target 14 months 10/24
    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 10th May 18, 6:35 AM
    • 1,258 Posts
    • 5,883 Thanks
    bexster1975
    Sorry to hear about friends mum.

    Bad news about the weather. Bring your shed down here, weathers lovely.

    Bexster
    • A Frayed Knot
    • By A Frayed Knot 10th May 18, 7:09 AM
    • 2,473 Posts
    • 10,939 Thanks
    A Frayed Knot
    Well up this morning tired (as friend on phone till after midnight) to a lovely sunny morning, hope it stays that way. Looking forward to the weekend and a good rest (chance would be a fine thing).

    And only just realised its a 5 week month. And breathe . . .
    Last edited by A Frayed Knot; 10-05-2018 at 7:35 AM.
    Always have 00.00 at the end of your mortgage and one day it will all be 0's
    Target 14 months 10/24
    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 10th May 18, 7:15 AM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    Bex - can i send you my gutters, fascias and conservatory to clean please whilst you have good weather? I good trade a dog walking service??

    As for 5 week months. Mrs SJ gets paid every 4 weeks which can be tricky with organising finances, but it is one positive when we hit the 5 week months! Deep breathe and plough through it.
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction 44,136.86
    Aug 2009: 163,051 // Current: 91,863.15 // Avg Daily Interest 4.13
    MFiT-T4 #8 - 80.74% of 41,000
    • A Frayed Knot
    • By A Frayed Knot 10th May 18, 7:38 AM
    • 2,473 Posts
    • 10,939 Thanks
    A Frayed Knot
    Sorry to hear about friends mum.

    Bad news about the weather. Bring your shed down here, weathers lovely.

    Bexster
    Originally posted by bexster1975

    Thanks for that Bexster, I can just imagine my shed driving down the motorway almost like these houses they build in the States . . . like a mini caravan with wheels and they just drive about in order to save having a mortgage (must be tired) cannot think of the name for them.
    Always have 00.00 at the end of your mortgage and one day it will all be 0's
    Target 14 months 10/24
    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 10th May 18, 8:30 AM
    • 1,258 Posts
    • 5,883 Thanks
    bexster1975
    Think they are motor homes. Large American ones Winnebago?

    Have a great day

    Bexster

    ETA: gget that painting done in one of the weekends. You'll be too knackered to spend money. Five week month solved
    Last edited by bexster1975; 10-05-2018 at 8:32 AM.
    • bexster1975
    • By bexster1975 10th May 18, 8:31 AM
    • 1,258 Posts
    • 5,883 Thanks
    bexster1975
    SJ. You couldn't afford me. I'm so expensive they can only pay me two days a week now

    Bexster
    • A Frayed Knot
    • By A Frayed Knot 10th May 18, 5:58 PM
    • 2,473 Posts
    • 10,939 Thanks
    A Frayed Knot
    Think they are motor homes. Large American ones Winnebago?

    Have a great day Bexster

    ETA: gget that painting done in one of the weekends. You'll be too knackered to spend money. Five week month solved
    Originally posted by bexster1975
    Found it . . . https://www.hgtv.com/shows/tiny-house-big-living

    SJ. You couldn't afford me. I'm so expensive they can only pay me two days a week now

    Bexster
    Originally posted by bexster1975
    Whatever happened to goodwill ? . . . my job runs on it
    Always have 00.00 at the end of your mortgage and one day it will all be 0's
    Target 14 months 10/24
    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 10th May 18, 8:25 PM
    • 1,258 Posts
    • 5,883 Thanks
    bexster1975
    Ahhh, my job took all of my goodwill until the tank ran dry!!

    Love the little sheds!!!

    Bexster
    • A Frayed Knot
    • By A Frayed Knot 10th May 18, 8:58 PM
    • 2,473 Posts
    • 10,939 Thanks
    A Frayed Knot
    Seems they build these in the old Usa to avoid large mortgages and can move home without all the expenses

    Ever heard "If only I could have this house in "that" location

    I wonder . . . . will it ever catch on here ?
    Always have 00.00 at the end of your mortgage and one day it will all be 0's
    Target 14 months 10/24
    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 19th May 18, 10:05 AM
    • 2,473 Posts
    • 10,939 Thanks
    A Frayed Knot
    Ok, so mind willing , body not so

    Loads to do - list endless - one scored off, 2 added on and not feeling great for it, everything piling on top at the moment.

    So plan of action needed, list jobs and stick to it - one thing at a time and by end of May list complete so long as nothing else added on.

    Paint bought for porch roof but found out it's too high for me. Picture in my mind that I get up there, then ladder somehow falls over and I'm stuck up on a flat roof which doesn't help

    My imagination can sometimes run away with itself. So it's painting on the ground for me with a little stool to reach to top of the shed, then onto the fence, after that if I have time the hedge needs cut down - again - probably nearly 8-9 feet high - should be around 5 and half feet - that way I can reach it - just. Then there's the grass - you get the picture . . . .

    Washing no.2 nearly finished - hope I have enough line to put it on . . .

    Will report back - that may give me motivation to get something done.
    Always have 00.00 at the end of your mortgage and one day it will all be 0's
    Target 14 months 10/24
    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 19th May 18, 11:33 AM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    I bet you're all over it!!
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction 44,136.86
    Aug 2009: 163,051 // Current: 91,863.15 // Avg Daily Interest 4.13
    MFiT-T4 #8 - 80.74% of 41,000
    • bexster1975
    • By bexster1975 19th May 18, 12:14 PM
    • 1,258 Posts
    • 5,883 Thanks
    bexster1975
    Good luck AFK

    Am joining you in busy-ness today. Will get some time to catch a few rays this afternoon tho!

    Bexster
    • A Frayed Knot
    • By A Frayed Knot 19th May 18, 3:31 PM
    • 2,473 Posts
    • 10,939 Thanks
    A Frayed Knot
    Washings done and another lot just finished. Shed also half heartedly done, and just seeping in so another coat on the list.

    Time to bring in the 2 loads already dry and the other out, which means beds need made now.

    Watched a bit of romance (wedding) and best laid plans - have just been asked if I want to go to Spain next weekend not sure if it will materialise though - watch this space.
    Always have 00.00 at the end of your mortgage and one day it will all be 0's
    Target 14 months 10/24
    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 May 18, 7:36 AM
    • 2,473 Posts
    • 10,939 Thanks
    A Frayed Knot
    Not as hot as predicted yesterday and today showers expected. Have a large ironing to do now, and some batch cooking then onto ebay listing as nothing listed yesterday.

    Then must have a look at finances to see if any overpayments can be made (avoiding looking atm) bearing in mid still just less than 2 weeks to payday. It's a long month somehow.

    Still plenty in freezer and cupboards to last a good few weeks, so no food buying required.

    Feel shattered but need to get on . . .
    Always have 00.00 at the end of your mortgage and one day it will all be 0's
    Target 14 months 10/24
    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 May 18, 8:32 AM
    • 1,258 Posts
    • 5,883 Thanks
    bexster1975
    Sorry weather is not so good with you. Hope saint happens next weekend. Where abouts are you hoping to go?

    Hope work gets done. I'm not doing work today as weather is glorious here so have a lovely day out planned.

    Hope ironing gets done

    Bexster
    • A Frayed Knot
    • By A Frayed Knot 20th May 18, 9:55 AM
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    • 10,939 Thanks
    A Frayed Knot
    A day out - hope you have a nice time, Bexster.

    Weather holding out for now - just put on another washing (where does it all come from) in the hope it stays dry, and batch cooking well under way.

    Only if can get flights and time off - so I would say 20% happening atm. Looking at Murcia area then move on for a few days. To be honest need to get things sorted here then can focus on a break.

    Can't remember if I said but shed, front & front side fence and gate all painted - fast running out of paint and energy. Just back (side) fence needing done now.

    A few people have asked how I or . . . do I, ever relax which has got me thinking, if others notice, then it may be time to change, but 1st I need to get everything done


    I can't seem to relax unless I'm sitting with no jobs to do. They even joke that when I'm ill I get up and do the housework then back to bed


    Ok tea break over, next . . . .
    Always have 00.00 at the end of your mortgage and one day it will all be 0's
    Target 14 months 10/24
    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 May 18, 3:47 PM
    • 1,258 Posts
    • 5,883 Thanks
    bexster1975
    Hello AFK

    Had a lovely day. Did I tell you, I've started flying lessons? Part of my day out involved flying over the city in a biplane!

    I think if people notice it, you should consider the Italian way of dolce far niente ( roughly translated - pleasant idleness). What do you like to do for fun? What gave you been putting off doing because you don't " have time"? Decide to do one before the end of May.

    If I waited to do what I wanted until all the jobs were done I'd never do what I wanted to do. The list doesn't end!

    Enjoy the sunshine

    Bexster
    • A Frayed Knot
    • By A Frayed Knot 22nd May 18, 9:50 PM
    • 2,473 Posts
    • 10,939 Thanks
    A Frayed Knot
    Hello Bexster

    Get you The sky's the limit for you No, you didn't mention you were taking flying lessons, not envious though, hate heights, can't even go up a ladder except one that's attached.

    Looks like Spain is Off. Just a dream, needing some time off and the usual, can't get it, amongst other things.

    Side line is taking up a lot (most) of my spare time, so hopefully that saying is correct, "You reap what you sow"

    Not had "fun" for ages and it's only "housey" jobs I put off.

    Still have made a good start, moved furniture, general tidy up and have plans to make new curtains (have the fabric) and move my pictures on the wall to - "somewhere" and have a "saying" to put up in their place.

    Then get out my collection that's been in boxes since I moved and ebay the duplicates (of which I have many, many). Then all that's left will be the fireplace and wall above it to change/decorate - mulling over what I can do with it atm.

    I never give myself a rest. Financial news to follow . . . planning time for that at the weekend.
    Always have 00.00 at the end of your mortgage and one day it will all be 0's
    Target 14 months 10/24
    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 23rd May 18, 8:08 AM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    Being busy is obviously your thing, and resting would probably only make you stressed!
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction 44,136.86
    Aug 2009: 163,051 // Current: 91,863.15 // Avg Daily Interest 4.13
    MFiT-T4 #8 - 80.74% of 41,000
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