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  • FIRST POST
    • FloppyDisk
    • By FloppyDisk 21st Dec 15, 3:35 PM
    • 629Posts
    • 4,223Thanks
    FloppyDisk
    From Flat to Farmhouse
    • #1
    • 21st Dec 15, 3:35 PM
    From Flat to Farmhouse 21st Dec 15 at 3:35 PM
    Hello everyone, I am hoping some of you might recognise my name and no, my mission hasn!!!8217;t changed, I still have lofty ambitions of upgrading from my flat to something a little more spacious.

    So where were we? Oh yes, paying 400 a month in interest on my mortgage! I need to start 2016 with a renewed vigour towards my financial management. Whilst this won!!!8217;t be wholey directed at the mortgage, I have found the community of MFWers so helpful in getting the balance right. Despite having the all-important spreadsheet, I have gotten a bit lost with my finances with the poor interest rates and having to use current accounts for savings, so I need to do a proper audit.

    As old friends will know, I have the slight disadvantage of being owned by an event horse who insists on having the best of everything. I am also severely hampered by my inability to cook and tend to fritter money away buying lunches.

    It is lovely to be back and focused on security, I have missed you all!
    Last edited by FloppyDisk; 02-01-2018 at 1:07 PM.
Page 8
    • FloppyDisk
    • By FloppyDisk 26th Nov 17, 6:17 PM
    • 629 Posts
    • 4,223 Thanks
    FloppyDisk
    I feel a bit like I am treading water financially at the moment - everything is set and ready for us to buy a house! We viewed lots this weekend including a few maybes but we're away for a few weeks now so not going to rush anything - I'm sure lots will come on in the new year.

    Mortgage- 417,249
    BTL- 162,915

    • FloppyDisk
    • By FloppyDisk 28th Nov 17, 2:19 PM
    • 629 Posts
    • 4,223 Thanks
    FloppyDisk
    All change, suddenly inundated with money. My tax codes are all up the swanny and after overpaying my tax massively since starting the new job, I now have got far more back than I was owed. Just need to be sensible now as I am sure that will mean I get paid very little over the next few months until it evens out.

    Good for the emergency fund but I don't think it is really my money to do anything with now!

    Mortgage- 417,249
    BTL- 162,915

    • FloppyDisk
    • By FloppyDisk 30th Nov 17, 3:22 PM
    • 629 Posts
    • 4,223 Thanks
    FloppyDisk
    Money all shuffled, all accessible in case it needs to be paid back or used to live on for the next 6 months. 2.91 TT'd just cos I'm wild and love a round number in my current account.

    Started investigating lease extension as that is the next hurdle whether I am keeping the flat or not. I had budgeted 4k, looks like legal fees will push it up enormously, blergh!! It's not cheap this BTL lark, anyone would think they don't want you to have them any more.

    Mortgage- 417,249
    BTL- 162,915

    • FloppyDisk
    • By FloppyDisk 11th Dec 17, 2:54 PM
    • 629 Posts
    • 4,223 Thanks
    FloppyDisk
    Back from holiday, more treading water, no response from the management co about lease extension, no test drives in the lorry at new reduced price and no new houses on the market to view. Nothing to do except panic shop and practise yorkshire puds for the big day!

    Trying to motivate myself to go back to my second job for some more cash, and conversely, probably going to take back the lorry and start taking friends horses out competing. No money in but better than sitting doing nothing and with a nice big For Sale sign in it, it might do better than being sat with a professional horsebox seller. Grrrrr.

    I have been schooling a very young ex-racehorse who needs a lot more work than I have time for, and a very well bred sporty thing who knows it all but can be a bit unpredictable. Both benefit from seeing some dressage boards, I know I certainly would!

    Mortgage- 417,249
    BTL- 162,915

    • FloppyDisk
    • By FloppyDisk 13th Dec 17, 11:22 AM
    • 629 Posts
    • 4,223 Thanks
    FloppyDisk
    Lease extension coat in... 6.5k heart attack later.... looks like I will be going to work after work today.

    Mortgage- 417,249
    BTL- 162,915

    • hiddenshadow
    • By hiddenshadow 13th Dec 17, 3:49 PM
    • 2,479 Posts
    • 11,342 Thanks
    hiddenshadow
    Ouch!

    Ponies both sound nice. Will your friends not pay for use of the lorry? I used to pitch in for gas + a bit extra when I shared a lorry with someone.
    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%
    • FloppyDisk
    • By FloppyDisk 13th Dec 17, 5:15 PM
    • 629 Posts
    • 4,223 Thanks
    FloppyDisk
    Friend won't be coming out, the horses are hunters and I'm just playing with them on their off days.

    Mortgage- 417,249
    BTL- 162,915

    • FloppyDisk
    • By FloppyDisk 14th Dec 17, 11:33 AM
    • 629 Posts
    • 4,223 Thanks
    FloppyDisk
    What the dickens??? I can't transfer less than 1 between my Tesco accounts?! Have they not heard of Tilly Tidies???

    Mortgage- 417,249
    BTL- 162,915

    • FloppyDisk
    • By FloppyDisk 14th Dec 17, 2:34 PM
    • 629 Posts
    • 4,223 Thanks
    FloppyDisk
    Oh dear.... Bit the bullet, 2nd viewings for two houses booked while PIL are in town over Christmas. In a few months time our mortgage debt is likely to be 584,500 in total, paying approx 1377 a month in interest alone. I think that might be a record for MFW... not really the record I should be aiming for.

    Why am I giving myself the gift of angina for Christmas?

    Mortgage- 417,249
    BTL- 162,915

    • michelle09
    • By michelle09 15th Dec 17, 9:35 AM
    • 777 Posts
    • 4,277 Thanks
    michelle09
    Wow, that might be a record. We certainly couldn't get a mortgage for anything approaching that (my 250k is scary enough).

    How long will the lease extension take to go through?
    • CathT
    • By CathT 17th Dec 17, 5:42 PM
    • 5,542 Posts
    • 38,645 Thanks
    CathT
    House viewings sound exciting even if the mortgage is rather frightening.

    Have you got a debit card yet or are you maximising the compensation they're offering?
    May 2018 -
    part 1 - 77,906
    part 2 - 45,391
    Total - 123,297
    • EatingTheElephant
    • By EatingTheElephant 17th Dec 17, 6:39 PM
    • 1,289 Posts
    • 7,056 Thanks
    EatingTheElephant
    Lots of exciting news FD! I!!!8217;m definitely going to remember about asking for vet history - I!!!8217;d not thought of that before.
    • FloppyDisk
    • By FloppyDisk 18th Dec 17, 1:56 PM
    • 629 Posts
    • 4,223 Thanks
    FloppyDisk
    Exciting/terrifying yes! The mortgage is doable, but the thought of adding a horse to that is a bit of a concern at the moment, but something to worry about in the future. Both houses are in the country with DIY yards nearby which helps.
    One house is in a tiny hamlet on a main road that's quite noisy and fast, 3 beds, lots of character, gardens front and back and a double garage.
    T'other house is a new build in a very popular quiet village, 4 beds, tiny and overlooked garden and a single garage.

    I hope that in reality, both will actually be fine and allow us to live the life we want, but I am very wary of getting something we can sell on again easily in the future.

    Mortgage- 417,249
    BTL- 162,915

    • Watty1
    • By Watty1 18th Dec 17, 2:52 PM
    • 2,989 Posts
    • 21,284 Thanks
    Watty1
    exciting stuff going on here....
    Mortgage at start of diary Sept 2013: 132,995 Aug 2015 0
    Overpaid next mortgage. 79,491 down to 27152
    Changing focus for now
    • FloppyDisk
    • By FloppyDisk 22nd Dec 17, 10:39 PM
    • 629 Posts
    • 4,223 Thanks
    FloppyDisk
    Many conversations have been had. Green light on the spreadsheet. Offer will be submitted after Christmas. Crumbs.

    Mortgage- 417,249
    BTL- 162,915

    • smallholdingsister
    • By smallholdingsister 23rd Dec 17, 6:50 AM
    • 3,591 Posts
    • 30,122 Thanks
    smallholdingsister
    Exciting times! Which house are you going for?

    Hoping to buy a horsie some time this year.
    • FloppyDisk
    • By FloppyDisk 23rd Dec 17, 9:44 AM
    • 629 Posts
    • 4,223 Thanks
    FloppyDisk
    You've only got s few days for shopping!!

    Went for the one on the main road. It is a nice amount of country and still very accessible to work. I'm still nervous of the main road but am getting excited about the nearby horsing.

    Mortgage- 417,249
    BTL- 162,915

    • smallholdingsister
    • By smallholdingsister 23rd Dec 17, 9:49 AM
    • 3,591 Posts
    • 30,122 Thanks
    smallholdingsister
    A tiny garden makes a 4 bed house harder to sell. Sounds great.
    • FloppyDisk
    • By FloppyDisk 23rd Dec 17, 11:27 AM
    • 629 Posts
    • 4,223 Thanks
    FloppyDisk
    Yes hope we won't find the same with a 3 bed on a main road. The 4 bed was lovely inside but every view was of more new builds and the parking was a bit daft. T'other house has space for a trailer plus sensible vehicles

    Just need to haggle now!
    Last edited by FloppyDisk; 23-12-2017 at 11:30 AM.

    Mortgage- 417,249
    BTL- 162,915

    • FloppyDisk
    • By FloppyDisk 24th Dec 17, 5:40 PM
    • 629 Posts
    • 4,223 Thanks
    FloppyDisk
    Have had lots more chatting about ideas for rearranging the layout for the house to move the lounge to the back away from the road and spotted a cut through to a bridle way just over the road. All in all feeling a lot better so just 3 days before we can submit our offer! Really hoping that bring chain free can have this all wrapped up quickly.

    Mortgage- 417,249
    BTL- 162,915

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