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  • FIRST POST
    • tootallulah
    • By tootallulah 9th Feb 18, 2:14 PM
    • 2,132Posts
    • 7,434Thanks
    tootallulah
    The Final Countdown
    • #1
    • 9th Feb 18, 2:14 PM
    The Final Countdown 9th Feb 18 at 2:14 PM
    Skips back in with a merry smile and a waggly wave. I have been in and out of these forums for years but I am now working part-time and have just the final mortgage on my house to go. Two buy to let flats in London (one was my home for 30 years) together with my pension mean that I am in many ways very fortunate. But I do still have £45,000 to go on my house mortgage and it isn't going fast enough. So I am back to track the final mortgage countdown........or possibly not as I do have a hankering to build my own house and am on the look out for suitable plot of land or a bungalow ripe for redevelopment. However nothing is helped by still having a mortgage.

    My dining room is now akin to a junk shop full of lovely treasures for EBay. I would like to pay off the mortgage this this year so I need to up my income.

    Welcome to the final countdown.
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
Page 1
    • Courgette
    • By Courgette 9th Feb 18, 6:30 PM
    • 1,723 Posts
    • 18,249 Thanks
    Courgette
    • #2
    • 9th Feb 18, 6:30 PM
    • #2
    • 9th Feb 18, 6:30 PM
    Pay off £45k THIS YEAR????? Woweeeeeeee! *Subscribes*

    It's the final countdown, oooh ooh oh, ooh uh oh oooooh!!
    A reminder to myself: Persistence Pays Off
    Mortgage 1: £95,000 £78,900 at 3.1%
    Mortgage 2 (BTL): £83, 489.15 at 2.99% (I.O.)
    Savings (S&S ISA): £3000 Plus 6 months emergency savings earning 3%
    • tootallulah
    • By tootallulah 9th Feb 18, 8:53 PM
    • 2,132 Posts
    • 7,434 Thanks
    tootallulah
    • #3
    • 9th Feb 18, 8:53 PM
    • #3
    • 9th Feb 18, 8:53 PM
    Hiya Courgette thanks for popping in I have a good contract at present and I 'think' I can pay off £3k per month, not sure where the rest will come from but we shall see.
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
    • beanielou
    • By beanielou 9th Feb 18, 8:57 PM
    • 55,020 Posts
    • 219,756 Thanks
    beanielou
    • #4
    • 9th Feb 18, 8:57 PM
    • #4
    • 9th Feb 18, 8:57 PM
    Wow, that is some target!
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **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.
    • A Frayed Knot
    • By A Frayed Knot 9th Feb 18, 10:30 PM
    • 2,394 Posts
    • 10,729 Thanks
    A Frayed Knot
    • #5
    • 9th Feb 18, 10:30 PM
    • #5
    • 9th Feb 18, 10:30 PM
    Wow, you have caught all our interest . . .

    As you can see, my o/p's for the year was just over your monthly target o/p . . .

    All on part time . . .

    Bags 1st look at your "junk shop" . . .

    Good Luck x Wish you all the best.
    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

    • greent
    • By greent 10th Feb 18, 7:45 AM
    • 7,081 Posts
    • 72,138 Thanks
    greent
    • #6
    • 10th Feb 18, 7:45 AM
    • #6
    • 10th Feb 18, 7:45 AM
    Toots - oh, how I've missed your energetic posts! I've occasionally stalked checked on your username to see if you've posted and I've missed it! Are you still sewing?

    Great to hear you're MF on the London properties - and relatively close on the 'country pad'

    Look forward to seeing more of you

    xx
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £1068.37/£4000
    Net sales 2018 £522.39/£1000 PAYDOX18 (#15) £18564.38/£18918.90
    • pinkypig
    • By pinkypig 10th Feb 18, 9:11 AM
    • 1,263 Posts
    • 10,225 Thanks
    pinkypig
    • #7
    • 10th Feb 18, 9:11 AM
    • #7
    • 10th Feb 18, 9:11 AM
    This sounds so exciting- subscribed
    • utopiah
    • By utopiah 10th Feb 18, 10:53 AM
    • 272 Posts
    • 947 Thanks
    utopiah
    • #8
    • 10th Feb 18, 10:53 AM
    • #8
    • 10th Feb 18, 10:53 AM
    Welcome, I am also hoping to get my mortgage cleared this year. I don't have as much as you to pay off, ours currently stands at £27500. Still a very large sum for us but we are gonna give it our best shot. My spare room is also growing into an eBay office lol.
    Good luck on your Mfw journey
    Last edited by utopiah; 10-02-2018 at 4:52 PM. Reason: Spelling error
    Mortgage Jan 2015 £66,737.98 Now £21,905.97
    MFW 2018 target £10000/£6945

    MFD was JUNE 2028 now Sept 2021
    • tootallulah
    • By tootallulah 10th Feb 18, 2:30 PM
    • 2,132 Posts
    • 7,434 Thanks
    tootallulah
    • #9
    • 10th Feb 18, 2:30 PM
    • #9
    • 10th Feb 18, 2:30 PM
    Morning all. Vexing news of the day is that my road is to be closed to cars from Monday until the end of June whilst they lay a new water main. Bit of a !!!!!! - I have just done a big shop to be delivered tomorrow containing all the big and heavy items for the next three months, a rather unexpected £79 although I suppose I would have spent it over the next few months anyway. And I was doing so well on my no spend eating out of the freezer challenge.

    Lots of people are asking how I am going to make such a big overpayment this year. I live on my pension and btl income so everything that I earn goes straight to the mortgage, and currently I have a very good contract up until the end of March 2019. I need to make an extra £500 per month or spend £500 per month less to meet my target. This does require me sticking to a budget though which would be a first so we shall see.

    I am still sewing although these days largely just for myself, and I am off to Spain for a long week-end next week so I can't say that huge sacrifices are underway!

    The Room of EBay Doom is looking very chaotic so I do need to get a lot of "treasures' out of the door. My next effort will be the 17 sewing machines that I seem to have 'acquired'. Don't worry though I am keeping five others for my future sewing jamborees.
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
    • tootallulah
    • By tootallulah 10th Feb 18, 2:36 PM
    • 2,132 Posts
    • 7,434 Thanks
    tootallulah
    A Frayed Knot - for years I earned very little and my overpayments were small, I began with a shared ownership flat. But as I progressed I paid off more (and I was lucky that the London housing market really helped me) and once I was mortgage free on my first flat I used some of the equity to buy a 2nd flat and this house rather too close together. I then had 3 mortgages and it was a blooming nightmare but 10 years later it has ended up like this and I am doing well, and doing what I like. Never worry about how small the over payments are it will work.
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
    • tootallulah
    • By tootallulah 10th Feb 18, 2:41 PM
    • 2,132 Posts
    • 7,434 Thanks
    tootallulah
    I forgot to say I also do have a small side business selling 1940s fashion on Etsy spring and summer are the busiest time for that so hopefully that will help too.
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 10th Feb 18, 2:44 PM
    • 1,469 Posts
    • 7,023 Thanks
    wishingthemortgaheaway
    This sounds like an exciting journey. Subscribing for the ride.

    Now, my question is are the 17
    Sewing machines all !!!8216;modern!!!8217; ones or a range of foot pendant powered classics?
    The 100 payment countdown (each payment = £400) 2018 Starts at 13/100 o/s £34,750.
    Jan 18 14/100 Feb 15/100 March 18/100 April 19/100 May 20/100 June 21/100
    Term Mortgage free date: October 2029 Current mortgage free date: April 2025 March 2024 Jan 2024
    MFW 2018 Challenge Member #162 £1600ish/£2,500
    • Tahlullah
    • By Tahlullah 10th Feb 18, 2:47 PM
    • 871 Posts
    • 4,877 Thanks
    Tahlullah
    Hi Tootallulah, wishing you all the best and watching in awe. Willing you on to success!

    Tx
    Striving to be mortgage free.
    2018 MFW #135

    £600 of £2000
    • tootallulah
    • By tootallulah 10th Feb 18, 4:11 PM
    • 2,132 Posts
    • 7,434 Thanks
    tootallulah
    This sounds like an exciting journey. Subscribing for the ride.

    Now, my question is are the 17
    Sewing machines all !!!8216;modern!!!8217; ones or a range of foot pendant powered classics?
    Originally posted by wishingthemortgaheaway
    Hmmm - 4 Singer Featherweights, 9 Elna TSP, 3 Jones and one Necchi. One Featherweight has no foot pedal and one has a cracked foot pedal so they may have to go as spares or repair. I like the mechanical small machines but if I see a bargain I will get it so long as it's not a computerised model.
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
    • Goldiegirl
    • By Goldiegirl 10th Feb 18, 4:16 PM
    • 8,330 Posts
    • 48,887 Thanks
    Goldiegirl
    Hello again, good luck with your plans
    Early retired - 18th December 2014
    If your dreams don't scare you, they're not big enough
    • CathT
    • By CathT 10th Feb 18, 4:18 PM
    • 5,587 Posts
    • 39,017 Thanks
    CathT
    Hi toots, good to see you back. So close to mortgage freedom now.
    June 2018 -
    part 1 - £77,571
    part 2 - £45,272
    Total - £122,843
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 10th Feb 18, 4:39 PM
    • 1,469 Posts
    • 7,023 Thanks
    wishingthemortgaheaway
    Hmmm - 4 Singer Featherweights, 9 Elna TSP, 3 Jones and one Necchi. One Featherweight has no foot pedal and one has a cracked foot pedal so they may have to go as spares or repair. I like the mechanical small machines but if I see a bargain I will get it so long as it's not a computerised model.
    Originally posted by tootallulah

    That does sound like a collection. Iím assuming you are a more professional seeer than I.

    I have a single Janome, non computerised machine that I use for sewing straight line items only, curtains, notebook covers cushion covers and the odd playmat are the limit to my makes.
    The 100 payment countdown (each payment = £400) 2018 Starts at 13/100 o/s £34,750.
    Jan 18 14/100 Feb 15/100 March 18/100 April 19/100 May 20/100 June 21/100
    Term Mortgage free date: October 2029 Current mortgage free date: April 2025 March 2024 Jan 2024
    MFW 2018 Challenge Member #162 £1600ish/£2,500
    • tootallulah
    • By tootallulah 13th Feb 18, 6:59 PM
    • 2,132 Posts
    • 7,434 Thanks
    tootallulah
    On a whim I have just counted 2 years worth of £2 coins - £698 very pleasant surprise, I will round it up to £700 and make my first extra payment of this month. I need to find another £800 to reach my target. I have a couple of offers on EBay which will help.
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
    • beanielou
    • By beanielou 13th Feb 18, 7:45 PM
    • 55,020 Posts
    • 219,756 Thanks
    beanielou
    Good news on the £2 coins.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **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.
    • museumworker
    • By museumworker 17th Feb 18, 2:48 PM
    • 2,083 Posts
    • 12,021 Thanks
    museumworker
    Yay! Toots - you have a new diary! *subscribes*

    Am also mentally singing 'It's the final countdown' in my rather tone deaf way, so just imagining me and Courgette making a racket in the corner

    Best of luck - so in awe of your financial achievements so far, three homes, a side hustle, pension and well paid contract work.

    I have a box of junk to put on fleabay too. How about if we make a deal to match each other on our listings?
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
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