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    • Youthgonewild
    • By Youthgonewild 20th Apr 18, 8:42 PM
    • 61Posts
    • 57Thanks
    Youthgonewild
    The MF pipe dream
    • #1
    • 20th Apr 18, 8:42 PM
    The MF pipe dream 20th Apr 18 at 8:42 PM
    Hi all.

    I!!!8217;m new to the site, only just signed up. Have read a few MFW threads and yes, MF is definitely where I want to be!

    A bit of background about me, I!!!8217;m 32 yo single parent with 2 young kids aged 5 and 2.5. I work p/t over 4 days a week and will probably look at f/t once youngest starts school.

    I got my mortgage 2.5 years ago (how time flies) and the debt then was 99875 - just found my paperwork. When the two year fixed deal ended (last november) I simply took up a 5 year fix with the same lender for the simple reason that I was doing some home improvements and didn!!!8217;t think my house was in any sort of fit state to have a new valuation done so I just went with the house value that I bought the house at. I still ended up on a better rate though - 2.27%

    I currently OP by 125 pm but recently I paid a lump sum of 500 towards the mortgage as well. The current figure stands at 95550 but interest usually gets added on to the balance around the 6th of every month

    I have 32.5 years left to go but really want to decrease that. I hope to be MF by the time I!!!8217;m 50ish. It!!!8217;s feels like it will be one long slog!!

    On top of this I have recently set up AVC!!!8217;s through my works pension scheme - only 30 extra pm. As the application hasn!!!8217;t been processed yet I have no idea what my wage slip will look like once it kicks in.

    Anyway I!!!8217;m in this for the long haul. Thanks for reading. Wish me luck!
    Last edited by Youthgonewild; 06-07-2018 at 10:56 AM.
Page 3
    • Youthgonewild
    • By Youthgonewild 21st May 18, 12:45 PM
    • 61 Posts
    • 57 Thanks
    Youthgonewild
    That's a fantastic amount to be OPing Lauralou

    Every OP knocks something off the capital therefore something off the interest over the length of the mortgage. It will be worth it in the end (or so I keep telling myself )

    I will have a look at your diary if you have one. Loving the inspiration on these threads
    • Youthgonewild
    • By Youthgonewild 27th May 18, 4:51 PM
    • 61 Posts
    • 57 Thanks
    Youthgonewild
    Another update. Yesterday I drove down to Shropshire as Im a bridesmaid for a friends wedding in June. So I had to try my dress on as it needs some alterations. As I am in the North, this !!!8216;cost!!!8217; me quarter a tank of diesel. Although I had nearly a full tank anyway before setting off so I didn!!!8217;t actually spend anything.

    Upon my return home I then went to bride-to-be family!!!8217;s house (they live in my home town) as I have said I would drive them down next month for the wedding. I booked the accommodation for them online (the wedding reception is to be held at a beach campsite in Wales) so they owed me money back for that. So I got 65 back from them. I!!!8217;m also taking one of their friends with us, he still owes for the campsite. I will put it towards an overpayment when I get it.

    Today I have driven to the beach, it is such a gorgeous day. Kids have played out for hours in the sand and best of all its free!

    Hope everyone is enjoying the bank holiday weekend.
    • Youthgonewild
    • By Youthgonewild 18th Jun 18, 1:17 PM
    • 61 Posts
    • 57 Thanks
    Youthgonewild
    Ahhhh long time, no post!

    Current mortgage debt down to 94041 - however I mentally add 185 on top of this as this is roughly the interest added every month so realistically it will be 94222 in a few weeks.

    I've been relying on TT'ing every couple of days - so far I have 61.45 racked up in a savings account. I've also got plenty of loose change at home so looking at putting this with it and making an OP soon.

    I'm 6 months in to my 5 year fixed rate - time flies . I'm currently at 80% LTV. If, when the term of my deal is up I owe 75k that will put me at a 64% LTV (assuming my property value hasn't gone up! I can guarantee it has though as I've had a garden installed, brand new bathroom and re-decoration throughout, plus had a huge outhouse built!!). Getting it down to 75k looks highly likely at this point, I am on course to achieve that. However, I really, really would prefer to have the mortgage balance down to 70k when my deal comes up for renewal. That will put me at 59.6% LTV (again assuming my property value is the same as what it is now).

    My only hope is that interest rates don't rise too sharply in the next few years (bad for savings though, huh?) or that the housing market doesn't tank. I reckon I can get my mortgage balance down to 70k in 4.5 years time. Just gotta stay focused.
    • Youthgonewild
    • By Youthgonewild 26th Jun 18, 12:15 PM
    • 61 Posts
    • 57 Thanks
    Youthgonewild
    Oh how I love surprises of the 'good' variety. Just checked my email account and had an e-mail from my gas/energy supplier saying 'Your statement is now ready'.

    I logged in to my energy account. I am *drum roll please* 72.15 in credit. I read the statement page and it says 'we will refund this back to your account within the next ten days'

    I didn't even know they gave refunds unless you specifically requested them. I always thought the money just remained in your energy fund to gear up for the winter months?

    Anyhoo, any guesses where I am going to send the money when it lands in my bank account...?

    Have a great day y'all!
    • Youthgonewild
    • By Youthgonewild 2nd Jul 18, 9:20 AM
    • 61 Posts
    • 57 Thanks
    Youthgonewild
    Hi everybody! The sun is still shining, the weather is fantastic!

    I had a very spendy weekend as it was friends wedding. We stayed at a campsite in North Wales but obviously it cost me money in fuel and food etc so I spent a fair bit - no idea how much though as it was all cash. But the wedding, the weather and the weekend was so brilliant it was totally worth it.

    I was wondering if anyone could help me with this question? I logged on to my mortgage account this morning. On it, it say the current HPI value of my house has gone up. This now puts me in the 75% LTV category instead of 80%.

    Where did this updated value of my house come from??? Can anyone help? It just says they obtain their HPI values from a third party but doesn't say which. Also if I was to remortgage at some point could I use this new value?
    • Youthgonewild
    • By Youthgonewild 3rd Jul 18, 4:52 PM
    • 61 Posts
    • 57 Thanks
    Youthgonewild
    Well darn it! My car has decided to pack up.

    I have one of those weirdy handbrakes that is basically like a switch that you pull but when you want to move the car you just accelerate on the pedal and the handbrake comes off automatically. That seems to be broken so the car would not move before. Seems to be an intermittent fault as it has not worked a couple of times today then when I have left it alone for a while then come to it, it worked again.

    It is booked in to go to the garage tomorrow morning. Luckily I have been off work today (it was my sons sports day at school) and I am off work tomorrow so lets hope they can fix it.

    I will have to pop out soon and pick my other son up from the child minders. Hope the car works.

    Tomorrows forecast: expensive!
    • Youthgonewild
    • By Youthgonewild 3rd Jul 18, 4:53 PM
    • 61 Posts
    • 57 Thanks
    Youthgonewild
    Not sure what happened with the random jumpy emoji in there!
    • Youthgonewild
    • By Youthgonewild 5th Jul 18, 11:28 AM
    • 61 Posts
    • 57 Thanks
    Youthgonewild
    Sooooo....yesterday happened.

    My car completely packed up on me. I was due to take it to the garage first thing in the morning but nope! Intermittent fault had become full-on fault. The damn thing wouldn't go! It would start up all right, it just wouldn't accelerate due to the handbrake not coming off!

    What happened next - well I rang my insurance company as I seem to remember buying breakdown cover or something when I renewed my policy in April. After being on hold for ten minutes or so I get through to the customer service department and asked them to clarify if I had actually bought it. They said I have Roadside Assistance - not the same thing apparently!

    The man on the end of the phone asked me where my car had broken down. I said at my house. He then asked me "is that less then quarter of a mile away from your house?" to which I reply "yes". The chap then said that I'm not covered for a breakdown as Roadside Assistance only applies for breakdowns more than quarter-mile from my house Not helpful!

    So after a quick search on't web, I found a vehicle recovery firm and called for them to tow my car to the garage it was supposed to be going to in the first place. That was 35.

    Turns out it was the rear brake calliper that had broken and the brake fluid had leaked out!

    I think I know what caused the fault.... At the wedding at the weekend me and my pals stayed on a huge campsite in North Wales. Said campsite has great tarmacced roads at the entrance/exit point and near the shops/showers/pub etc. If you keep driving round the site eventually the roads stop being tarmac and become dirt track roads with inches of sand on them and HUGE dips in the roads. Driving along them even at 10 mph is like being drunk at sea in a storm!! The car was bouncing around all over the place even though I tried to dodge the worst of it.

    There was one giant pothole-type dip that was particularly nasty. More of a moon crater. Even though I drove slowly on the campsite, it was hard to see with the sun being so bright, and with all the weight in my car (3 passengers + shed loads of camping gear) I went into this dip at rather a nasty angle. The car almost clanged!! It felt like a sharp jolt under the chassis.

    Now as I mentioned, this campsite was pretty huge (massive in fact) and because of the location of where we were, if you wanted a shower for example, or even just to 'nip' to the loo, you had to drive there as we pitched our tents at least a mile away from the shower/loo block. So not only did I manage to clunk into this pothole/crater once, I actually did it twice while we were there I'm such an idiot!

    Weirdly though, on the Sunday I drove back home in stop/start traffic up the M56/M6 back to the North West. The journey home took me 4 hours in total, fully laden with camping gear plus three passengers. No problems with the car whatsoever.

    Monday I drove to work (up M6 to Lancaster) as well as dropping the kids off where they needed to be on the way. then drove back home again, picking up the kids on the way back. Again, the car had no issues.

    Tuesday is when the car starts playing up intermittently. Wednesday it !!!!!!s up good and proper!!

    I blame those pesky potholes at the campsite.

    Anyway to the point, as well as the 35 in getting the car carried off to the garage on a recovery truck, getting the rear calliper replaced inc labour and VAT set me back a further 193!! Safe to say I don't think that 70+ refund from my energy supplier is going on an OP this month!!! Nor is it likely I'll be making any extra OPs this month either but we'll see.

    At least the car is fixed and safe to drive now. I count myself very lucky nothing serious happened.
    • Youthgonewild
    • By Youthgonewild 6th Jul 18, 2:19 PM
    • 61 Posts
    • 57 Thanks
    Youthgonewild
    Currently having an online chat with my phone/broadband provider. Hoping to get a cheaper deal as its flippin' expensive for what I actually use. If they can't provide a cheaper deal I'm going to look at other providers.
    Mortgage balance October 2015: 99875
    Mortgage balance November 2017: 97583

    Mortgage balance July 2018: 94217
    • Youthgonewild
    • By Youthgonewild 6th Jul 18, 2:26 PM
    • 61 Posts
    • 57 Thanks
    Youthgonewild
    44 per month was the cheapest price they offered me for broadband, phone and usual digital tv channels. Hardly seems worth it. Just told them I'm going to shop around and likely will cancel their services soon.
    Mortgage balance October 2015: 99875
    Mortgage balance November 2017: 97583

    Mortgage balance July 2018: 94217
    • Youthgonewild
    • By Youthgonewild 9th Jul 18, 12:40 PM
    • 61 Posts
    • 57 Thanks
    Youthgonewild
    Hope everybody has had a good weekend.

    OK, so update. I'm potentially outing myself here but here goes. When I bought my house nearly 3 years ago, the back garden was massively different to how it is now. Long story short there were some plant beds made from those old wooden railway sleepers. Since having a lawn put in, the sleepers have been dismantled. Some of the pieces have been used in the garden for other things (mostly propping up the water butt). But I had 7 sleepers 'left over' just taking up space in my garden. I had plans to do things with them but I've since decided I'd rather have the space so I've decided to flog them

    I listed them at the weekend on a local buy/sell site and someone *touch wood* (pardon the pun) is coming to collect them this evening. All 7 of them for 50. Not bad!

    On another note (these puns aren't even funny!), I filled my money tin with spare change over the past few weeks, took it to the bank on Saturday and whaddya know?? I have nice 60 Brucie Bonus! So yep I will be making an OP this month after all

    So that's 110 all being well this evening. I have calculated my budget for the month and I can stretch to adding another 140 on top of that. So 250 extra OP on top of my recurring 125 OP

    Also will be switching Broadband provider this month - well once I get round to sorting it

    Happy Monday everybody!
    Mortgage balance October 2015: 99875
    Mortgage balance November 2017: 97583

    Mortgage balance July 2018: 94217
    • Youthgonewild
    • By Youthgonewild 16th Jul 18, 12:51 PM
    • 61 Posts
    • 57 Thanks
    Youthgonewild
    Hi everyone, hope you had a nice weekend!

    Well I have had such an eventful week. Had to take my eldest son who is 5 off to hospital on Tuesday as he had a nasty reaction to a wasp sting Luckily nothing too serious, though at the time I thought it could have been - he went pale and lifeless on me. After being given some steroid treatment, antihistamine and a few days with the most epic rash you've ever seen he now, thankfully fine (and knows not to try and make a tunnel with his hand in order for a wasp to fly through!!).

    I ended up with an involuntary day off work and Friday too. My whole work place (campus) endured a power cut so staff were told not to come in unless they were student-facing. So the majority of people got the day off work. I took the opportunity to run a few errands in town on Friday. I bought some very cheap school shirts and polo shirts from A!di for when my eldest goes in to Year 1. Also my youngest will be joining the nursery attached to my eldest school in September so the polo shirts were for him. I also popped into the store next door - a well-known store that is soon to be closed....and I picked up some absolute bargains for the total price of 25!!! I got a couple of imitation Lego sets - one is a fire engine and one is a pirate ship, I think they were half price but I can't recall how much I paid for them. I got a pop-up knight play tent for 2.80 which will do for my youngest birthday in October. I also got some metal die cast cars at half price and then some rolls of Christmas wrapping paper at 30p each and loads of stuff for Christmas was proper chuffed with my little bargains!! To balance out my feel-good vibes, I then came home on Friday after being in town and had to go straight to bed as I seemed to have some mystery flu-like bug that put me on my backside and fatigued me so much that I had no choice but to go to sleep on Friday afternoon and not wake up til gone noon on Saturday. My mum had to take the kids off my hands, I was in no fit state to move. I had fever, chills, aches, pains, nausea, dizziness, you name it. Sunday I was absolutely fine again! Was weird!!!

    In other news, I also managed to make an OP of 250 towards the end of last week. My regular monthly DD has just gone out too so my mortgage balance now stands at 93441 but I expect it to be 93620 when the interest is added. Still I'm very happy I've broken through the next 1000 threshold

    Onwards, ever onwards!
    Mortgage balance October 2015: 99875
    Mortgage balance November 2017: 97583

    Mortgage balance July 2018: 94217
    • Youthgonewild
    • By Youthgonewild 16th Jul 18, 3:25 PM
    • 61 Posts
    • 57 Thanks
    Youthgonewild
    Ooh...something else occurred to me that happened last week (last week was eventful for a multitude of things but I won't delve in to all of it). I switched broadband/landline provider. New broadband should be with me on 10th August (had to give 30 days notice to current BB provider ) BUT, I should from August be able to save 25-30 per month I may stick this onto my recurring OPs. Or the money may just get absorbed with all my other living expenses. Will see how that pans out.

    Any road...
    Mortgage balance October 2015: 99875
    Mortgage balance November 2017: 97583

    Mortgage balance July 2018: 94217
    • Youthgonewild
    • By Youthgonewild 20th Jul 18, 12:25 PM
    • 61 Posts
    • 57 Thanks
    Youthgonewild
    Just managed to make another OP. Only 150 but still. The chap on the other end of the line made me laugh. he said, "Just for your information, from October last year to the current period, you've made 2000* worth of overpayments. You have 7000* up til October this year remaining. So if you wish to make a lump sum payment of 7000*, we would revert your monthly payment back to the original amount (350) so you don't incur a penalty. Is that all right?". To which I replied "Yes that's fine, I only want to pay 150"

    It's only small amounts but it all adds up! At least that's what I keep telling myself so I don't get demotivated from my goal. It does feel like it's going to take me a lifetime to get the balance down. My original loan was just 99875 nearly 3 years ago. Still in the 90k band. Someone please send me some words of inspiration.

    *Couldn't recall the exact amounts
    Mortgage balance October 2015: 99875
    Mortgage balance November 2017: 97583

    Mortgage balance July 2018: 94217
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