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  • FIRST POST
    • MrMFW
    • By MrMFW 9th Aug 18, 8:29 PM
    • 3Posts
    • 9Thanks
    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
    • 228 Posts
    • 900 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: £193,300
    • beanielou
    • By beanielou 10th Aug 18, 4:53 PM
    • 56,247 Posts
    • 227,457 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
    • 147 Posts
    • 598 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 £758.51/£3200. Make 2018 in 2018 #30 £855.27/£2018
    Stash Busting 2018 1 projects as yet No Clutter to be Seen in 2018 Challenge: 36/52 bags of stuff plus lots of other items.
    • greent
    • By greent 11th Aug 18, 3:13 PM
    • 7,236 Posts
    • 73,540 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) £3290.25/£4000
    Net sales 2018 £614.82/£1000 PAYDOX18 (#15) Done £18918.90
    • zcrat41
    • By zcrat41 12th Aug 18, 6:02 AM
    • 1,444 Posts
    • 3,917 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: On target for £131
    • MrMFW
    • By MrMFW 14th Aug 18, 8:58 PM
    • 3 Posts
    • 9 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
    • 228 Posts
    • 900 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: £193,300
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