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    • Suffolk lass
    • By Suffolk lass 28th Jan 17, 11:18 AM
    • 3,301Posts
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    Suffolk lass
    Get a grip woman!
    • #1
    • 28th Jan 17, 11:18 AM
    Get a grip woman! 28th Jan 17 at 11:18 AM
    Having been reading a number of people's debt-free wannabe diaries for some time now, I have finally decided I will start my own.

    We are less than three years from wanting to stop work, and less than ten years from state retirement age. I manage our household finances and DH lets me get on with it. His attitude is more "live for today" so we are a good balance, I think. We have two holidays each year and sometimes more - and he has some boys toys - 2 Harley Davidson motorcycles in the garage, that seem to always need money spending on them. That said, there is more to be said in favour of a happy and contented DH than against them so I don't resent them in any way.

    So to debts - It seems a good time because I have recently finished the finance on my car, and as of yesterday, paid off the finance for DS's car (I borrowed from him 18 months ago and paid back by buying his car on finance and paying his insurance). I was paying 4.7% on that debt so it was my highest priority. I paid it off 10 months early using most of my HSBC Regular Saver that matured this week.

    The debts I have currently are:

    110,621 - Mortgage - interest rate of 0.74% (0.5 above the BoEBR)
    3,476 - DH's car - 0% credit card until Sept 17 - a 4000 cash advance with a 76 fee
    8,755.54 - Barclays Finance for double glazing 0% over 2 years 2/24 paid

    Total 122,852.54

    It isn't that I can't afford to keep up payments, it is more that I want us to start our non-work phase without them hanging over us, if you know what I mean.

    I think that will do for a scene setter.

    SL
    Save 12k in 2019 - #68 target is 7k 8,766.30 after Sep
    OS Grocery Challenge 2019 target 3k - 57.28% spent after Sep
    Mortgage Free Wannabes 2019 #37 108.23% 43,292.24 including Sep - reducing now to avoid fees
    MFIT T5 target to clear our mortgage completely (59,998) Q2 30,085 or 50.14% paid
    My DFD is here
Page 40
    • Suffolk lass
    • By Suffolk lass 5th Jun 19, 9:49 AM
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    Suffolk lass
    Well I have sent the deposit for the oak door so now it is a waiting game.

    In other money news, I managed a scrapings OP at the end of May and the mortgage lipped under 32k - more crucially for me, the interest is now showing as 33.01 per month. The regular 500 DD went yesterday - obviously the new monthly interest isn't the amount paid but over 467 capital repayment showing. I am hoping to find another 500 to take us down below 31k this month.

    We have agreed to use all of DH's TFLS from his teacher's pension to pay down the mortgage and I am debating how little to leave on it. Currently, without the 500 a month after September the outstanding balance will be just under 8k but I need an early redemption price from the BS - our friends are paying 42p a month for theirs to run its course (not sure if this is IO or repayment spread out) but it equates to a virtual deeds storage fee. Technically, ours runs to August 22 so would have 35 months to go. My concern is that DH's pension will only be under 700 a month - so less than a third of his current take home pay.

    So my consideration is whether I reduce or remove the repayment part of the mortgage so that I free up most of that 500 to transfer across to the running costs account, or leave it and see how poor it makes us feel. We also need to consider what fees might be applied if we redeem it early, and whether there are ways to reduce or remove these. There is a deeds storage thing that is very cheap 1% of the outstanding balance which I think can be just 150. More looking into to do first
    Last edited by Suffolk lass; 06-06-2019 at 7:10 AM. Reason: typos
    Save 12k in 2019 - #68 target is 7k 8,766.30 after Sep
    OS Grocery Challenge 2019 target 3k - 57.28% spent after Sep
    Mortgage Free Wannabes 2019 #37 108.23% 43,292.24 including Sep - reducing now to avoid fees
    MFIT T5 target to clear our mortgage completely (59,998) Q2 30,085 or 50.14% paid
    My DFD is here
    • Debsnewbudget
    • By Debsnewbudget 6th Jun 19, 6:24 AM
    • 297 Posts
    • 2,782 Thanks
    Debsnewbudget
    Well done
    You have got me thinking about deeds.
    We have the deeds to our house as the mortgage comany do not keep them.
    In fact we have the deeds to the properties we rent out as well. We keep them in the filing cabinet.
    I have a feeling that in todays electronic Land Registry days they are not as important as they used to be.
    Off to research .........
    • Suffolk lass
    • By Suffolk lass 6th Jun 19, 7:17 AM
    • 3,301 Posts
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    Suffolk lass
    Debsnewbudget - I would be interested in the conclusions you draw from your research.
    Save 12k in 2019 - #68 target is 7k 8,766.30 after Sep
    OS Grocery Challenge 2019 target 3k - 57.28% spent after Sep
    Mortgage Free Wannabes 2019 #37 108.23% 43,292.24 including Sep - reducing now to avoid fees
    MFIT T5 target to clear our mortgage completely (59,998) Q2 30,085 or 50.14% paid
    My DFD is here
    • enthusiasticsaver
    • By enthusiasticsaver 6th Jun 19, 7:26 AM
    • 9,215 Posts
    • 21,420 Thanks
    enthusiasticsaver
    There is no need to hold deeds in storage these days. The land registry number is what is needed but even if you did not have that it would not be an issue to sell without it which is the only situation where you might need the number. You don't even have to hand the deeds over on sale. The exception is unregistered property but very few of those around. We just keep ours in our house safe as it is useful to keep for boundaries, covenants etc.
    Early retired in December 2017

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages and Endowments, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • Debsnewbudget
    • By Debsnewbudget 6th Jun 19, 2:33 PM
    • 297 Posts
    • 2,782 Thanks
    Debsnewbudget
    from Land Registry

    https://hmlandregistry.blog.gov.uk/2018/02/19/title-deeds/

    So you do not need your deeds as long as your house is on the Land Registry database

    Also I know you can set up an alert with Land Registry which is free and tells you if someone is looking to sell your property or if there has been a mortgage application on it, its easy to do.
    • Suffolk lass
    • By Suffolk lass 7th Jun 19, 6:56 AM
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    Suffolk lass
    Thanks both for this - I need to check with my BS (Skippy) in due course - it is not clear how long you have to be part of their deeds scheme for them to waive the admin fee (75) they normally charge for redeeming the mortgage. I have been on an interest only (no limit for OPs) tracker for over 15 years (we ported it here from our old house).

    Other research this morning includes ferry vs train vs tunnel for our French trip to friends in mid-September and later I am doing dessert for the Community Lunch - lots of people away this month so we should be 20 or so instead of the usual 30
    Save 12k in 2019 - #68 target is 7k 8,766.30 after Sep
    OS Grocery Challenge 2019 target 3k - 57.28% spent after Sep
    Mortgage Free Wannabes 2019 #37 108.23% 43,292.24 including Sep - reducing now to avoid fees
    MFIT T5 target to clear our mortgage completely (59,998) Q2 30,085 or 50.14% paid
    My DFD is here
    • Suffolk lass
    • By Suffolk lass 7th Jun 19, 7:21 AM
    • 3,301 Posts
    • 29,353 Thanks
    Suffolk lass
    Oh dear. Thank goodness we are diversified. We are in the Woodford fund that has been suspended. An example of the Magic Snowball in reverse. I am not really surprised. The Times and the Sunday Times have been writing him down for several weeks in both weekend editions. I fear that when he has liquified the illiquid part of the portfolio there may be a mass exodus and the fund will crash
    Save 12k in 2019 - #68 target is 7k 8,766.30 after Sep
    OS Grocery Challenge 2019 target 3k - 57.28% spent after Sep
    Mortgage Free Wannabes 2019 #37 108.23% 43,292.24 including Sep - reducing now to avoid fees
    MFIT T5 target to clear our mortgage completely (59,998) Q2 30,085 or 50.14% paid
    My DFD is here
    • Karmacat
    • By Karmacat 7th Jun 19, 9:08 PM
    • 32,404 Posts
    • 191,546 Thanks
    Karmacat
    Oh no! Sorry to hear you've been affected by the Woodford fund thats awful. As you say, this is where diversification really counts
    Downsized and paid off mortgage 2010
    Retired August 2016
    Paid off French mortgage September 2018
    New kitchen fully installed June 2019
    • Suffolk lass
    • By Suffolk lass 11th Jun 19, 8:01 AM
    • 3,301 Posts
    • 29,353 Thanks
    Suffolk lass
    What is going on with this weather!!!?

    I had to turn a heater on yesterday, it was so cold and miserable and wet. I can feel the garden growing while I am indoors. I dealt with a box of paperwork, most of which needs burning - I must look for one of those log-makers from paper. Lots of old work papers and notebooks so far that should be shredded or burned. They will be good kindling, come the autumn.

    I have to wash clothes today, even if I use the TD, which I hate in summer. DH is on his last work shirt so it must be done! I might make a cake of some sort this afternoon if I can't get out.

    In money news I need to squirrel away another 80 pounds to get the mortgage down into the next thousand. My Plusnet is showing as pending at 21.54 for last month, which is pleasing so TT to the next 50 will happen when that hits tomorrow.
    Save 12k in 2019 - #68 target is 7k 8,766.30 after Sep
    OS Grocery Challenge 2019 target 3k - 57.28% spent after Sep
    Mortgage Free Wannabes 2019 #37 108.23% 43,292.24 including Sep - reducing now to avoid fees
    MFIT T5 target to clear our mortgage completely (59,998) Q2 30,085 or 50.14% paid
    My DFD is here
    • Karmacat
    • By Karmacat 11th Jun 19, 12:10 PM
    • 32,404 Posts
    • 191,546 Thanks
    Karmacat
    I never understood those log makers, SL, and I wish I did - you soak the paper, and it forms into a log shape, and when its dried out it burns much more slowly, is that right? Sounds a great idea.
    Downsized and paid off mortgage 2010
    Retired August 2016
    Paid off French mortgage September 2018
    New kitchen fully installed June 2019
    • Suffolk lass
    • By Suffolk lass 13th Jun 19, 11:05 AM
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    • 29,353 Thanks
    Suffolk lass
    Essentially you make paper mache and dry it out but they are wood substitutes rather than a fire-lighter - I was going to use a bucket but frankly, it could be time consuming, more than I want to spend.

    Well, with a bit of fiddling I moved enough to the mortgage to just tip into the 30k figures (just) - as most of my bank transactions are done for the month and we are almost into the deadly lull, I thought, why wait - have the interest reduction for an extra couple of weeks. So I have.
    Save 12k in 2019 - #68 target is 7k 8,766.30 after Sep
    OS Grocery Challenge 2019 target 3k - 57.28% spent after Sep
    Mortgage Free Wannabes 2019 #37 108.23% 43,292.24 including Sep - reducing now to avoid fees
    MFIT T5 target to clear our mortgage completely (59,998) Q2 30,085 or 50.14% paid
    My DFD is here
    • trix-a-belle
    • By trix-a-belle 13th Jun 19, 12:28 PM
    • 963 Posts
    • 4,480 Thanks
    trix-a-belle
    SL I picked up a paper briquette maker from facebook as wanted to do them for my wood burner but found you need such a good period of warm weather to dry them out properly you'd be very limited in the UK and got rid of it fairly quickly again.
    There were some good videos for tips on YT if you do have a go, the tips I recall were use a bucket with holes in to hold the paper in and place that in another without holes which will hold the water so more water could be removed once the paper was soaked and meant the water could reused for multiple batches rather than thrown away, or use a mesh laundry bag to hold the paper for similar ability to squeeze out lots of water, the other was put 2 pieces of plastic pipe in the brick across the width that slide out once its semi dry to give more surface area on the brick (like some building bricks have)
    - Mortgage: 1st one down, 2nd: 114800 86k
    - Student Loan: 7100 0!
    Swagbucks, Mingle, GiffGaff, Prolific, Qmee & Quidco; thank you MSE every little bit helps
    MFiT-T5 knocking down the mortgage to be freeee
    • beanielou
    • By beanielou 13th Jun 19, 2:46 PM
    • 66,984 Posts
    • 303,151 Thanks
    beanielou
    Excellent news to be in the 30k
    Lou~ Debt free Wanabe No 55 DF 03/03/14. MFW. 17 months to mortgage freedom.
    **Credit card debt free 30/06/10~**
    **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. ***Be the difference.***
    • Suffolk lass
    • By Suffolk lass 14th Jun 19, 8:21 AM
    • 3,301 Posts
    • 29,353 Thanks
    Suffolk lass
    Thanks Trix - I think I have seen that video. It sort of put me off. I think I will use the sensitive paperwork to light fires in our wood-burning stove - either that or a 100 mile round trip so I can put it in a confidential waste bin at my old office.

    Thanks beanie, your support is always appreciated x
    Save 12k in 2019 - #68 target is 7k 8,766.30 after Sep
    OS Grocery Challenge 2019 target 3k - 57.28% spent after Sep
    Mortgage Free Wannabes 2019 #37 108.23% 43,292.24 including Sep - reducing now to avoid fees
    MFIT T5 target to clear our mortgage completely (59,998) Q2 30,085 or 50.14% paid
    My DFD is here
    • Karmacat
    • By Karmacat 14th Jun 19, 8:59 AM
    • 32,404 Posts
    • 191,546 Thanks
    Karmacat
    I think I will use the sensitive paperwork to light fires in our wood-burning stove
    Originally posted by Suffolk lass
    I've got a whole tote bag by the back door of plain paper thats going to go in my little incinerator - I don't want to put much stuff in there with sellotape etc or coloured inks, because I want to put the ashes on the garden.


    Great news on that last bit of mortgage fiddling
    Downsized and paid off mortgage 2010
    Retired August 2016
    Paid off French mortgage September 2018
    New kitchen fully installed June 2019
    • Suffolk lass
    • By Suffolk lass 14th Jun 19, 10:54 AM
    • 3,301 Posts
    • 29,353 Thanks
    Suffolk lass
    Doh moment! I have waited in this morning for a RM delivery between 09.39 and 11.39, only to look again and find it is tomorrow! What am I like? - no need to answer that rhetorical comment! Time to go out!
    Save 12k in 2019 - #68 target is 7k 8,766.30 after Sep
    OS Grocery Challenge 2019 target 3k - 57.28% spent after Sep
    Mortgage Free Wannabes 2019 #37 108.23% 43,292.24 including Sep - reducing now to avoid fees
    MFIT T5 target to clear our mortgage completely (59,998) Q2 30,085 or 50.14% paid
    My DFD is here
    • trix-a-belle
    • By trix-a-belle 14th Jun 19, 12:21 PM
    • 963 Posts
    • 4,480 Thanks
    trix-a-belle
    I think I will use the sensitive paperwork to light fires in our wood-burning stove - either that or a 100 mile round trip so I can put it in a confidential waste bin at my old office.
    Originally posted by Suffolk lass
    Shred it and compost it?

    Karma, are there any plants in particular that its worth putting ashes on please.
    - Mortgage: 1st one down, 2nd: 114800 86k
    - Student Loan: 7100 0!
    Swagbucks, Mingle, GiffGaff, Prolific, Qmee & Quidco; thank you MSE every little bit helps
    MFiT-T5 knocking down the mortgage to be freeee
    • Suffolk lass
    • By Suffolk lass 14th Jun 19, 2:49 PM
    • 3,301 Posts
    • 29,353 Thanks
    Suffolk lass
    Shred it and compost it?
    Originally posted by trix-a-belle
    That was my first thought but there is so much it will burn out our little shredder. I have been into the library but theirs is the same size as ours.

    And being thatched we are not allowed to have a bonfire or an incinerator. I may have to go for a commercial one-off mobile shred service
    Save 12k in 2019 - #68 target is 7k 8,766.30 after Sep
    OS Grocery Challenge 2019 target 3k - 57.28% spent after Sep
    Mortgage Free Wannabes 2019 #37 108.23% 43,292.24 including Sep - reducing now to avoid fees
    MFIT T5 target to clear our mortgage completely (59,998) Q2 30,085 or 50.14% paid
    My DFD is here
    • Karmacat
    • By Karmacat 14th Jun 19, 6:18 PM
    • 32,404 Posts
    • 191,546 Thanks
    Karmacat
    Karma, are there any plants in particular that its worth putting ashes on please.
    Originally posted by trix-a-belle
    That's a very good question, trix, and I currently have no idea of the answer


    Oh my! I googled a bit, and its an even better question than I realised:
    RHS: https://www.rhs.org.uk/advice/profile?pid=621
    https://www.growveg.co.uk/guides/using-wood-ash-in-the-
    https://practicalselfreliance.com/wood-ash-uses/
    vegetable-garden/ (seems to use good reference material).
    Tiny little smallholding in Vermont - specifically mentions tomatoes.
    Erm, sorry for the hijack, SL


    And being thatched we are not allowed to have a bonfire or an incinerator. I may have to go for a commercial one-off mobile shred service
    Originally posted by Suffolk lass
    Oh my! That would be horrendous
    Downsized and paid off mortgage 2010
    Retired August 2016
    Paid off French mortgage September 2018
    New kitchen fully installed June 2019
    • Debsnewbudget
    • By Debsnewbudget 14th Jun 19, 9:43 PM
    • 297 Posts
    • 2,782 Thanks
    Debsnewbudget
    There is a shredding company near Manchester that allows the community to shred stuff for free as long as they take it to the plant themselves
    Might be worth investigaring locally
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