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  • FIRST POST
    • MrMFW
    • By MrMFW 9th Aug 18, 8:29 PM
    • 21Posts
    • 72Thanks
    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 Ďhome for lifeí itís 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 2
    • newgirly
    • By newgirly 4th Oct 18, 7:35 AM
    • 6,630 Posts
    • 46,112 Thanks
    newgirly
    Hi, just wanted to wish you luck with the new diary
    MFW 21

    £79,000 left, target £16k in 2019
    • MrMFW
    • By MrMFW 4th Oct 18, 7:45 PM
    • 21 Posts
    • 72 Thanks
    MrMFW
    Thanks so much for dropping in and showing your support newgirly!

    Not much to report today but was a NSD, tomorrow i'm hoping to pop to B&Q to get some wood to finish my first DIY project but that should be coming out of the money I saved from the bed so should be able to make a further OP tomorrow

    Still waiting on Enstroga to call me back regarding switching over to them so not looking good on the customer service front at the moment but they are still currently the cheapest deal according to the cheap energy club, may try giving them a call tomorrow if I get a chance.
    Last edited by MrMFW; 04-10-2018 at 7:56 PM.
    Mortgage: 04/02/2019: £96,927
    Overpayments 2019: £725.06
    • MrMFW
    • By MrMFW 7th Oct 18, 5:39 PM
    • 21 Posts
    • 72 Thanks
    MrMFW
    Hope everyone has had a great weekend.

    Managed to get the wood I needed from B&Q Friday along with a saw & some sanding paper - total spent - £12.46. Can't wait for the actual shelves to arrive so I can put them up and finally the bedroom will be pretty much complete

    This weekend has been a quiet one for us, weekly food shop done yesterday and then had an urge to purchase lots of cleaning products after becoming obsessed with Mrs Hinch (if you don't know what i'm talking about then go find her on Instagram) - spent the rest of the weekend cleaning which is why I've only just sat down to update you all.

    Have just made an OP of £100.76 which is a combination of what's left from the money saved from the cheaper bed and the odd change from my current account to bring it to the nearest £1.

    £184 remaining till payday (20 days time) which sounds doable but will still need train tickets & food, wish me luck!

    Must remember to get on to changing electric suppliers this week and find a way to get rid/sell/donate my old bed when the new one arrives.

    This week should be fun, new bed arriving Tuesday, hopefully accompanied by the new bedroom blinds and shelves at some point all in time for the father in law to put them all up when they visit Saturday.
    Mortgage: 04/02/2019: £96,927
    Overpayments 2019: £725.06
    • Kittenkirst
    • By Kittenkirst 8th Oct 18, 6:16 AM
    • 2,105 Posts
    • 11,556 Thanks
    Kittenkirst
    Happy new diary and well done on your cracking overpayments already

    I only just realised soda water is generally free in pubs last month which is a game changer for me- much better than diet coke & free/minimal pennies

    I'm off to look at Mrs Hinch on insta- we're just back from holiday and I'm needing some new focusses now the holiday planning/dreaming is done!
    2019 MFW #20£639.69/£4500 14%

    Mort- Oct16 £170.995 (end Nov 2041) Dec18 £152,838

    Overpayments 2016 £255.50 2017 £2600.40 2018 £4500
    Referral codes= Prolific- 8JXN5BVG shopmium- ACEAHKFA Shoppix- 57VB13QH
    • WindyButterfly
    • By WindyButterfly 8th Oct 18, 10:09 AM
    • 1 Posts
    • 2 Thanks
    WindyButterfly
    My girlfriend is obsessed with Mrs Hinch too!

    You seem very motivated and I wish you luck. I’ll be keeping an eye on your progress.
    • VDOT47
    • By VDOT47 8th Oct 18, 10:32 AM
    • 212 Posts
    • 636 Thanks
    VDOT47
    Just found your diary - looks like you are doing really well. To make an overpayment that largein month 1 is fantastic! We didn't start overpaying until we had been in our new place for 9 months - wish I had started immediately!


    One comment though - saving £700 for a new phone? Wow! That had better be a very high tech all signing all dancing phone for that money!
    Original Mortgage (Feb '17) £269,995
    Current Mortgage (01/02/19) £235,924
    End Date February 2040 Original End Date February 2042
    • MrMFW
    • By MrMFW 8th Oct 18, 3:36 PM
    • 21 Posts
    • 72 Thanks
    MrMFW
    Wow thanks everyone for your support, great to know i'm not just talking to myself

    VDOT47: It's great but there is method in the madness, I know that November & December will be tough months financially so need to make as many overpayments as possible this month to ensure I can remortgage at 85% LTV.

    Ideally I want to get the new Iphone however as that's more than £700 i'm basically going to keep saving until my current phone completely dies and will see what position I am in then as to what phone I can get at the time.

    Not much to report so far today, popped out on lunch and bought some storage boxes from Matalan - definitely the last thing being bought for the bedroom, no more spending for MrMFW as I still need to buy train tickets, food and have a few friends/family visiting this month so need every penny I can get my hands on

    Hope everyone's had a great Monday!
    Mortgage: 04/02/2019: £96,927
    Overpayments 2019: £725.06
    • MrMFW
    • By MrMFW 12th Oct 18, 6:50 PM
    • 21 Posts
    • 72 Thanks
    MrMFW
    Morning all - so sorry this week has just flown by and have had little chance to post.

    This week has been slightly boring on the money saving front - decided we needed a treat so takeaway is on me this evening, got a 20% off voucher so spent only £15 for the two of us

    Have also had to purchase train tickets at £20 which has made me look in to season tickets, didn't realise it would save me around £20 a month buying a monthly ticket or £26 a month buying a yearly ticket - we are getting a new train operator on Sunday as Arriva Trains have lost their Contract so will look in to this properly toward the end of the month.

    £115 left of the budget this month and with one weekend remaining after this one I think we will manage it

    I hope everyone has a great weekend, look forward to updating you more over the coming days!
    Mortgage: 04/02/2019: £96,927
    Overpayments 2019: £725.06
    • MrMFW
    • By MrMFW 15th Oct 18, 7:11 PM
    • 21 Posts
    • 72 Thanks
    MrMFW
    Evening All,

    Never say this but I actually had a good Monday NSD and then I got a box of chocolates from work for hitting target - goes without saying we have finished them off this evening haha!

    Have actually come up with a little side business idea over the past few days, need to find some cash from somewhere to make it work as it will need a small outlay to get things up and running, definitely going to look in to this a bit more! - thinking of 'borrowing' some funds from the Rainy Day fund but we shall see.

    £82.29 left of the £250 month budget, would have liked to have around £100 remaining but definitely still do-able
    Mortgage: 04/02/2019: £96,927
    Overpayments 2019: £725.06
    • MrMFW
    • By MrMFW 16th Oct 18, 7:52 PM
    • 21 Posts
    • 72 Thanks
    MrMFW
    Evening all - finally went for the plunge today and 'borrowed' some money from the 'rainy day' pot to invest a little in that business idea I have.

    Will keep you all updated but am very excited

    For those worried that I still haven't saved enough for my rainy day fund I am quite lucky in the industry I am in that if anything were to happen I'd luckily be able to get another comparable job within a week.

    Another NSD today and am hoping I can say the same tomorrow
    Mortgage: 04/02/2019: £96,927
    Overpayments 2019: £725.06
    • greent
    • By greent 17th Oct 18, 8:25 AM
    • 7,829 Posts
    • 79,787 Thanks
    greent
    Good luck with the new venture/ side hustle!
    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 12/18 £54829 2019 OPs (#18) £825/£5K
    Net sales 2019 £38.81/£500
    • MrMFW
    • By MrMFW 17th Oct 18, 6:15 PM
    • 21 Posts
    • 72 Thanks
    MrMFW
    Thank you greent

    Iíd like to say today was a NSD but I really needed to purchase a new printer, did get a bargain though at £29.99 with compatible cartridges at around £1 each.

    £50 remaining of the £250 october challenge, still hoping to end within budget but please wish me luck as I will need it
    Mortgage: 04/02/2019: £96,927
    Overpayments 2019: £725.06
    • joedenise
    • By joedenise 17th Oct 18, 7:10 PM
    • 5,878 Posts
    • 43,478 Thanks
    joedenise
    What printer did you get and where from? I'm going to need a new one soon as the printer cartridges are so expensive it's almost cheaper to throw the printer away and buy a new one!
    • MrMFW
    • By MrMFW 18th Oct 18, 6:24 AM
    • 21 Posts
    • 72 Thanks
    MrMFW
    Morning Joedenise,

    Itís an Epson XP-352 from Box.co.uk hopefully still available for you, Amazon have compatible cartridges 12 for £8.99
    Mortgage: 04/02/2019: £96,927
    Overpayments 2019: £725.06
    • joedenise
    • By joedenise 18th Oct 18, 7:59 AM
    • 5,878 Posts
    • 43,478 Thanks
    joedenise
    Thank you. I'll have a look.
    • MrMFW
    • By MrMFW 4th Feb 19, 6:34 PM
    • 21 Posts
    • 72 Thanks
    MrMFW
    Evening All,

    So sorry I've been quiet the past few months - have had a lot going on and spent the whole of 2019 so far making some much needed improvements/redecorations to the flat which, by the way we love more than ever before!

    With that said, we have not stopped overpaying and as of today we are down to 92% LTV with a total overpayment of £2550.07 since we moved in August.

    Should be getting a substantial bonus at the end of this Month which we will use to top up our savings pots which we have had to 'borrow' from and am hoping to make a further £1,500 overpayment too!!

    Shall try my best to keep this updated as much as possible going forward
    Mortgage: 04/02/2019: £96,927
    Overpayments 2019: £725.06
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