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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 3
    • tootallulah
    • By tootallulah 26th Feb 18, 7:03 PM
    • 2,132 Posts
    • 7,434 Thanks
    tootallulah
    If both are good tenants with reliable income your arrangement should be beneficial to all parties.

    Good luck for the coming year!
    Originally posted by AlexLK
    Thanks Alex I know you know about tenants so your comment is most welcome.
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
    • beanielou
    • By beanielou 26th Feb 18, 7:51 PM
    • 55,005 Posts
    • 219,591 Thanks
    beanielou
    Great sale
    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.
    • tootallulah
    • By tootallulah 1st Mar 18, 8:33 AM
    • 2,132 Posts
    • 7,434 Thanks
    tootallulah
    Stuck at home but warm and safe so I am one of the fortunate ones. Just made a very satisfying large payment in the £30ks now. About to do a day of EBay listing as I am planning on using EBay income to live on in March so that I can make another big payment in April, things will slow down for a while then but hopefully I can stay on track for my audacious year end goal.
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
    • greent
    • By greent 1st Mar 18, 7:58 PM
    • 7,077 Posts
    • 72,123 Thanks
    greent
    Brilliant progress - totally smashing it!

    Happy ebaying!
    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
    • gallygirl
    • By gallygirl 1st Mar 18, 8:21 PM
    • 16,605 Posts
    • 109,650 Thanks
    gallygirl
    Toots!!!!!

    Great progress
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    Mortgage Balance = £0
    "Do what others won't early in life so you can do what others can't later in life"
    • tootallulah
    • By tootallulah 2nd Mar 18, 11:01 AM
    • 2,132 Posts
    • 7,434 Thanks
    tootallulah
    I have managed 3 no spending days (unique achievement) as I am stuck at home and there is no point doing any ordering as the parcels can't be delivered. I have 9 EBay items completing on Sunday so the promised thaw is much hoped for.

    Thanks GreenT and GG, six months rent in a lump sum really upped the ante, I will get 3 months on 1 April and then it gets quieter again. But it is really great, I have been paying off for so long, and at one point I was £310k in mortgage debt on one salary. This feels very this feels doable. For anyone with an apparently insurmountable mortgage debt I cannot emphasise enough that those small, often tiny payments in the early days make a huge difference later on.
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
    • tootallulah
    • By tootallulah 2nd Mar 18, 11:02 AM
    • 2,132 Posts
    • 7,434 Thanks
    tootallulah
    And if you can hang onto the first property and rent it out that can be a game changer, it certainly was for me.
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
    • beanielou
    • By beanielou 2nd Mar 18, 11:04 AM
    • 55,005 Posts
    • 219,591 Thanks
    beanielou
    All sounding good
    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 2nd Mar 18, 11:45 AM
    • 2,083 Posts
    • 12,018 Thanks
    museumworker
    What an immense OP, well done Toots!
    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
    • pennystretcher
    • By pennystretcher 2nd Mar 18, 8:08 PM
    • 386 Posts
    • 1,448 Thanks
    pennystretcher
    It sounds like you have your head firmly screwed on your shoulders, so well done. And I am sure you can make it within your target. (If you slip by a month of two, that's ok too, with rentals, there can be unexpected expenses, so set your ideals with some leeway...)
    Mortgage free
    • tootallulah
    • By tootallulah 4th Mar 18, 1:26 PM
    • 2,132 Posts
    • 7,434 Thanks
    tootallulah
    I haven't spent any money on food for 6 days as I have largely been snowed in, shamingly the freezers still look, and are, full to the gunnells. I have plenty of milk so need to practice shop avoidance for as long as possible, my food budget is £8 per day, if I can only spend on milk until all other food runs out that would be an extra £200 to the mortgage. The challenge is on, my food budget for March is £48.00, I will record any spends on here. Fantastic news of my day is that the crane that has been o/s my house for weeks has been packed up and moved away this morning - I am hoping this means the sewer works must be coming to an end after 9 months of disruption, closed roads etc.
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
    • Busy Mee1
    • By Busy Mee1 4th Mar 18, 6:38 PM
    • 609 Posts
    • 2,770 Thanks
    Busy Mee1
    Hi Tootallulah. That is an impressive target and you sound very focussed. I love the idea of turning things round and trying to live off your eb@y earnings this month, so that you can use your regular earnings to overpay. Very motivating to get get things listed I think. I might try this but first need to psyche myself up...I loathe eb@ying.

    I am on my final countdown to early retirement, so need to get serious now and will watch what you get up to with interest.
    • tootallulah
    • By tootallulah 4th Mar 18, 7:14 PM
    • 2,132 Posts
    • 7,434 Thanks
    tootallulah
    Hi Tootallulah. That is an impressive target and you sound very focussed. I love the idea of turning things round and trying to live off your eb@y earnings this month, so that you can use your regular earnings to overpay. Very motivating to get get things listed I think. I might try this but first need to psyche myself up...I loathe eb@ying.

    I am on my final countdown to early retirement, so need to get serious now and will watch what you get up to with interest.
    Originally posted by Busy Mee1
    Thanks, I hate EBaying too but my next house move will be to a much smaller place so, as well as the money, I need to get rid of 'stuff'. I treat EBay as my 1 day a week job, 5 hours photoing and listing and two hours packing and posting so long as I make more than £20.00 per hour I am happy.
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
    • beanielou
    • By beanielou 4th Mar 18, 7:43 PM
    • 55,005 Posts
    • 219,591 Thanks
    beanielou
    Good luck with the food budget
    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.
    • tootallulah
    • By tootallulah 6th Mar 18, 2:52 PM
    • 2,132 Posts
    • 7,434 Thanks
    tootallulah
    Food spending £5.00 - I bought 2 boxes of fruit salad in M&S to take to my Mum who is in hospital.

    So thrilled that my apricot tree is covered in buds, it was in full flower on March 11th tlast year perhaps it will be about the same time this year despite the cold snap.
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
    • tootallulah
    • By tootallulah 7th Mar 18, 1:35 PM
    • 2,132 Posts
    • 7,434 Thanks
    tootallulah
    Hmmmm - nipping into Waitrose for milk was not a good idea - I have spent £29.67 of my grocery budget and we are at the end of week 1.
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
    • beanielou
    • By beanielou 7th Mar 18, 1:37 PM
    • 55,005 Posts
    • 219,591 Thanks
    beanielou
    Hmmmm - nipping into Waitrose for milk was not a good idea - I have spent £29.67 of my grocery budget and we are at the end of week 1.
    Originally posted by tootallulah
    I avoid the supermarket as much as possible for this very reason.
    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.
    • tootallulah
    • By tootallulah 11th Mar 18, 7:37 PM
    • 2,132 Posts
    • 7,434 Thanks
    tootallulah
    Oh dear my Ebaying has been terrible this week I have made £3.96! Ah well onwards and upwards. I have a few more sewing machines to sell I need to get them photographed and uploaded. March seems to be running away with me I haven't sown any seeds or even really planned my garden this year which is rare. My house is too full of stuff which seems to stop me doing anything. I need to have some time off and do a bit of full time Kon Mariing. I haven't made any extra payments yet this month but I am hoping to manage £250 next week.
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
    • beanielou
    • By beanielou 11th Mar 18, 7:45 PM
    • 55,005 Posts
    • 219,591 Thanks
    beanielou
    £3.96 more than me though!
    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.
    • tootallulah
    • By tootallulah 11th Mar 18, 7:49 PM
    • 2,132 Posts
    • 7,434 Thanks
    tootallulah
    I forgot fees it is really about £1.50!
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
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