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  • FIRST POST
    • MrMFW
    • By MrMFW 9th Aug 18, 8:29 PM
    • 16Posts
    • 45Thanks
    MrMFW
    Let the Adventure Begin
    • #1
    • 9th Aug 18, 8:29 PM
    Let the Adventure Begin 9th Aug 18 at 8:29 PM
    23rd August - Completion day

    Is it crazy that I feel genuinely excited to finally have a mortgage that I can start overpaying?

    MrMFW(2) and I somehow managed to get a deposit together on a £105,000 one bed flat (share of freehold) in sunny Wales with a 95% mortgage at a rate of 3.71% fixed for two years (shockingly high I know).

    Whilst this will not be our ‘home for life’ it’s a step in the right direction for us both, we plan to live there for around 5 years before looking to buy somewhere bigger - all the more reason to overpay and after reading so many truly inspirational diaries I wanted to start a shiny new diary of my own.

    I hope you will join me in my adventure toward mortgage freedom and look forward to sharing this journey with you all.
Page 1
    • julicorn
    • By julicorn 9th Aug 18, 9:24 PM
    • 353 Posts
    • 1,273 Thanks
    julicorn
    • #2
    • 9th Aug 18, 9:24 PM
    • #2
    • 9th Aug 18, 9:24 PM
    Hi MrMFW, happy new diary!

    We're in a kind of similar position to you (paying down our mortgage to have a bigger deposit on a house in 5-6 years time or so), so I can't wait to see how you get on
    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Current: £189,600
    • beanielou
    • By beanielou 10th Aug 18, 4:53 PM
    • 57,310 Posts
    • 234,504 Thanks
    beanielou
    • #3
    • 10th Aug 18, 4:53 PM
    • #3
    • 10th Aug 18, 4:53 PM
    Happy shiny new diary
    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. MFW 2018. No 144
    • bit by bit
    • By bit by bit 10th Aug 18, 5:50 PM
    • 164 Posts
    • 731 Thanks
    bit by bit
    • #4
    • 10th Aug 18, 5:50 PM
    • #4
    • 10th Aug 18, 5:50 PM
    Welcome and well done for getting on the property ladder. All thebest woith your plans
    Wife, mother, gardener, nurse, cancer survivor. Aiming to retire at 55 in February 2021- 30 months to go.
    MFW 2018 #164 £963.51/£3200. Make 2018 in 2018 #30 £1465.13/£2018
    Stash Busting 2018 1 projects as yet No Clutter to be Seen in 2018 Challenge: 50/52 bags of stuff plus lots of other items.
    • greent
    • By greent 11th Aug 18, 3:13 PM
    • 7,425 Posts
    • 75,269 Thanks
    greent
    • #5
    • 11th Aug 18, 3:13 PM
    • #5
    • 11th Aug 18, 3:13 PM
    Hello and welcome to MFW land! We are a friendly bunch here

    Only one query I have.... 'sunny' Wales????? Are you sure?

    gt x
    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) £6484.71/£7500
    Net sales 2018 £713.44/£1000 PAYDOX18 (#15) Done £18918.90
    • zcrat41
    • By zcrat41 12th Aug 18, 6:02 AM
    • 1,499 Posts
    • 4,079 Thanks
    zcrat41
    • #6
    • 12th Aug 18, 6:02 AM
    • #6
    • 12th Aug 18, 6:02 AM
    Hello!! Good luck on your journey
    Aim: To o/p the mortgage by £131 pm.
    07/18: £254. Smashed it!
    08/18: £219.31 Smashed it again!
    09/18: £131 Acheived challenge
    10/18 £Target £131 plus £50 into savings
    • MrMFW
    • By MrMFW 14th Aug 18, 8:58 PM
    • 16 Posts
    • 45 Thanks
    MrMFW
    • #7
    • 14th Aug 18, 8:58 PM
    • #7
    • 14th Aug 18, 8:58 PM
    Thanks everyone for your support so far, 9 days till completion, 10 till we actually move in.

    Looking forward to getting out of box city and into our new home!
    • julicorn
    • By julicorn 14th Aug 18, 9:03 PM
    • 353 Posts
    • 1,273 Thanks
    julicorn
    • #8
    • 14th Aug 18, 9:03 PM
    • #8
    • 14th Aug 18, 9:03 PM
    Best of luck with your move, I hope it all goes smoothly!
    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Current: £189,600
    • MrMFW
    • By MrMFW 10th Sep 18, 7:31 PM
    • 16 Posts
    • 45 Thanks
    MrMFW
    • #9
    • 10th Sep 18, 7:31 PM
    We're in!
    • #9
    • 10th Sep 18, 7:31 PM
    We're in

    Well we actually moved in a few weeks ago but it's been a hectic few weeks to say the least, so after a brilliant weekend at a family wedding I thought now would be the best time to get stuck into this diary.

    We've fixed in for two years and my goal over these two years is to overpay £10,500 to drop our LTV to 85% so we can get a much more favourable deal when we come to fix again.

    Im also working to fill up my 'pots' i've set up to keep us on track for some short/long term goals which I will keep you all posted on;-
    Holiday - £288/£1,000
    Health & Wellbeing - £20/£100
    Emergency/Rainy Day - £500/£2,500
    Christmas/Birthdays - £50/£300
    New Phone - £100/£700
    New Tattoo - £50/£200
    These goals may change as the months go on but I will aim to post as much as possible to keep us on track and hope you will join us on this journey
    • MrMFW
    • By MrMFW 28th Sep 18, 6:42 PM
    • 16 Posts
    • 45 Thanks
    MrMFW
    Friday
    It's Payday

    Today I have made my first ever overpayment of £905.28

    Savings Pots
    Here are how my pots are doing as of this evening;-
    Holiday - £210/£1,000 (Had to pay for flights earlier this month)
    Health & Wellbeing - £40/£100
    Emergency/Rainy Day - £700/£2,500
    Christmas/Birthdays - £80/£300 (£40 taken out this month to treat my friend to a meal for her birthday)
    New Phone - £150/£700
    New Tattoo - £105/£200

    October Goals
    I've decided to set myself two goals for October;-
    - Post more on here to help keep me focussed on Mortgage Freedom
    - Spend only £250 this month which includes food & transport

    Hope you will continue following my journey and I promise to keep you all more updated next month!!
    • edinburgher
    • By edinburgher 28th Sep 18, 8:49 PM
    • 11,236 Posts
    • 60,309 Thanks
    edinburgher
    I like that you have a tattoo pot, very refreshing
    • MrMFW
    • By MrMFW 29th Sep 18, 9:36 AM
    • 16 Posts
    • 45 Thanks
    MrMFW
    Thanks edinburgher - booked in to have it done in February, thought I needed something non MFW to look forward to!

    Ok so today marks the start of my £250 challenge which will run until next payday (October 26th) i've just got back from MrT and so i'd thought i'd share my shopping list with you all;-

    • Bread - 50p
    • Fromage Frais x 12 - 80p
    • Butter/Spread - 75p
    • Jacket Potatoes x 4 - 49p
    • Ham Slices - 93p
    • Heck Chicken Sausages - £2
    • Beef Mince - £1.81 (Yellow Sticker)
    • Passata - 35p
    • Beef Gravy Granules - 20p
    • Pasta - 30p
    • Longlife Milk - 55p (I usually use our work milk for cereal/tea during the week)
    • Cornflakes - 55p
    • Orange & Mango Squash - £1 (as I find it hard just drinking water)

    Grand Total - £10.23
    BUT, I found a £2 coin in my coat pocket so technically £8.23 off my £250 budget.

    I will need to buy some 'top up' items during the week such as fruit & veg when I run out but with what I bought today and the stocks I already have in, Im confident this will last till next weekend!

    So a rough meal plan for the week will include;-
    • Breakfast - Cereal & a cup of Tea
    • Lunches - Ham Sandwitches / Jacket Potatoes with Chill
    • Dinners - Chilli / Spag Bol / Cottage Pie / Heck Sausages & Mash
    • Snacks - Fruit, Veg & Fromage Frais (I'm trying to only snack on 'healthy things' this month too as I have the worlds worst sweet tooth)

    I know this is probably not the most nutritious food plan out there but I am a VERY fussy eater so it suits me fine

    We have the in-laws down tomorrow for the day so i'm going to have to think of a way to entertain them without breaking the bank - we do need some new curtains for the bedroom and have a £20 voucher from when we moved in for the big yellow and blue place so we may take a trip there

    Anyway enough blabbering on, I hope you all have a fantastic weekend and I will endeavour to keep you updated!
    Last edited by MrMFW; 29-09-2018 at 9:47 AM.
    • julicorn
    • By julicorn 29th Sep 18, 10:11 AM
    • 353 Posts
    • 1,273 Thanks
    julicorn
    Belated congratulations on moving in, and on your first overpayment! It's awesome that you're starting straight away.

    Also, we've got tattoo pots as well
    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Current: £189,600
    • MrMFW
    • By MrMFW 29th Sep 18, 11:49 AM
    • 16 Posts
    • 45 Thanks
    MrMFW
    Thanks Julicorn - I do love my tattoo's, think I will always be saving for the next one!

    We were very lucky when we moved in that everything was left for us (sofa, white goods, bed frame etc) so we've had minimal outgoings and will just replace things as and when we see fit (or they break). This has meant we could immediately start making overpayments

    I also have a loan and credit card that i'm currently paying around £275 a month on, this will be paid off by next December so will then be diverting this money to overpayments
    Mortgage: 23/08/2018: £99,750
    Overpayments 2018: £1086.86
    October £250 Spending Challenge: £115.00 Remaining
    • julicorn
    • By julicorn 29th Sep 18, 12:32 PM
    • 353 Posts
    • 1,273 Thanks
    julicorn
    Haha, tattoos are addictive for sure! I'm saving up some money for the Brighton convention in February at the moment.

    And that's pretty good that you more or less got to move into a furnished property.
    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Current: £189,600
    • edinburgher
    • By edinburgher 29th Sep 18, 4:51 PM
    • 11,236 Posts
    • 60,309 Thanks
    edinburgher
    It's good if you move in to somewhere with reasonable quality goods - we got left with several manky chipboard wardrobes that took a full skip to dispose of (and were hiding damage to a wall!)
    • MrMFW
    • By MrMFW 1st Oct 18, 8:06 PM
    • 16 Posts
    • 45 Thanks
    MrMFW
    Happy Monday! - I do hope you all had a lovely weekend.

    We spent the best part of Saturday finishing off the painting in the bedroom, just need to get some shelves, lights & new blinds and the bedroom will be pretty much complete.

    Sunday the in-laws didn't end up coming down so we popped to Ikea to get some picture frames courtesy of a £20 voucher bought as a moving in gift, almost had a NSD but wandered in to B&M on the way home and spent £1.99 on sweets

    However - two bits of MSE related news; firstly I have £80.76 expenses from a work trip going in to my account tomorrow that I had completely forgotten about and not budgeted for so this will go straight to OP.

    Secondly - we had ordered a bed from MADE which was supposed to be delivered last week but has now been delayed to December decided to cancel the order and picked up a bargain bed with great reviews over at Dreams and saved £250 in the process. I'm going to use some of this money to finish off the bedroom and the rest (probably just over £100) will also go toward OP.

    Today was also a NSD yay
    Mortgage: 23/08/2018: £99,750
    Overpayments 2018: £1086.86
    October £250 Spending Challenge: £115.00 Remaining
    • MrMFW
    • By MrMFW 2nd Oct 18, 7:32 PM
    • 16 Posts
    • 45 Thanks
    MrMFW
    Good Evening,

    Made that £80.76 OP this morning

    Then I arrived at work to find out I'd won a competition, £10 Amazon Voucher which I used to buy some copper wired lights to go round our new bed frame, thinking of having them on some sort of timer to come on in the evenings, cost £12.99 so £2.99 spent!

    THEN, I find out I've won another competition in work for a further £10 voucher which I haven't spent yet but I was feeling super lucky so bought myself a Euromillions Lucky Dip for this evening so £2.50 spent hehe (they do say everything comes in three's so keep your fingers crossed for me).

    Bought some new blinds (£56.63) & shelves (£41.84) this evening using the £250 savings from the bed, just need to get B&Q to cut me up some battens so I can put up the shelves and will be putting whatever's left over towards OP - should be around £130-£140 leftover.

    That's about it for today - whether many people read my diary or not i'm already feeling so much more focussed so thank you all for keeping me going!!

    Actually - thought i'd just add that I received an email from our electricity supplier (outfox) confirming they would be increasing our DD from 1st November so must remember to shop around to see if I can get a better deal, it's a shame as only just moved to them. What's everyone's opinion on fixing in for a longer period? I feel like electricity just keeps getting more and more expensive
    Last edited by MrMFW; 02-10-2018 at 7:36 PM.
    Mortgage: 23/08/2018: £99,750
    Overpayments 2018: £1086.86
    October £250 Spending Challenge: £115.00 Remaining
    • greent
    • By greent 2nd Oct 18, 9:18 PM
    • 7,425 Posts
    • 75,269 Thanks
    greent
    Congrats on the wins!
    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) £6484.71/£7500
    Net sales 2018 £713.44/£1000 PAYDOX18 (#15) Done £18918.90
    • MrMFW
    • By MrMFW 3rd Oct 18, 8:47 PM
    • 16 Posts
    • 45 Thanks
    MrMFW
    Thanks Greent - I never win anything so felt brilliant to finally be a winner for once!

    After my post yesterday realised I had a £40 voucher for MADE (compensation for the bed delays) so bought a lovely new duvet set and only paid £3 for the delivery.

    £20 spent this morning on a pack of train tickets - you can buy them in batches of 6 tickets which I find saves me money as I sometimes get a lift in to work of a morning/evening

    Other than that spent absolutely nothing, even met a friend for a 'drink' after work to catch up but just got a soda water (free) - luckily my friends know me well enough so don't bat an eyelid anymore.

    Really starting to feel the nights drawing in, winter is definitely coming asked for a call back from Estroga yesterday after my post about the electric, still waiting for a call but their 12 month fix seems to be the cheapest for me at the moment.

    £210.29 left of the October budget so well on track to achieving this months goal and am hoping there will be some spare to put toward the OP pot at the end
    Mortgage: 23/08/2018: £99,750
    Overpayments 2018: £1086.86
    October £250 Spending Challenge: £115.00 Remaining
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