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  • FIRST POST
    • Mortgage Minimiser
    • By Mortgage Minimiser 27th Oct 18, 11:34 AM
    • 154Posts
    • 664Thanks
    Mortgage Minimiser
    Freedom for the future
    • #1
    • 27th Oct 18, 11:34 AM
    Freedom for the future 27th Oct 18 at 11:34 AM
    Hi All,

    I've been an avid reader and occasional poster of the forum for many years but now I need a push to achieve my goal so I've decided to start a dairy to keep me accountable.

    Back story - back at the end of 2014 I was close to mortgage freedom @ £52k. But following the little MM's arrival in 2012 we needed to move to gain more space and a safer outside space. I had been paying 3 times the mortgage on my old house @ over £1200 per month. She's now 6 and adorable - but costly

    Fast forward to Feb 2015 and we had moved and increased the mortgage to £243,750 The last 4 years have seen us spent a lot of work on a house that needed nothing doing to it - new windows, drive, decorating throughout, new lintel outside and more recently (and still being done) a side / rear 2 storey extension We had saved a lot for that but also borrowed further as well......however, we are not moving again, and now have our forever home. To have moved in our area to get the extra space and the garden / outdoor space we would have needed to spend at least £650k on a house - not that it existed anyway

    I have been overpaying most months, even if just a tiny bit in leaner months, and am determined to get rid of this millstone asap. I have OP'd over £21,000 since we took out the mortgage. OPs can be as low as a few hundred pounds or as much as over £2,500 - depends on my commission each month.

    I have cut down expenses as much as I can and do surveys when I can. Have loads of children's stuff to sell, but never seem to have the time. Time is my biggest challenge.

    Some facts and figures.

    Main Mortgage @ beginning October - £192,374.50 (reduction of over £51k in the four years). Mortgage rate 2.59% - can remortgage now, fix ends Jan 19. Daily interest has reduced from £17.29 to £13.65.

    Extra borrowing - £74,701.34. Mortgage rate 2.39% - still in fix, leaving this to run in the background for now. Daily interest is currently £4.89.

    I'm going to focus on the main mortgage in this diary. I'm signed upto the MFiT-T4 challenge which finishes soon and the annual challenge, and have smashed both targets already. My focus is now about the re-mortgage. The idea is to fix for 5 years and try to clear the main mortgage in that time. It will be a real stretch and will need decent commissions from work too, along with a bit of luck.

    Pensions-wise I currently have three. I currently pay 10% and my employer 5% and once I have remortgaged I will increase my contribution to 15%.

    Debt-wise this year I have paid off my car (just over £17k) and paid almost £5k off the credit card (all 0% naturally). Am working to pay it all before the 0% runs out

    That's enough for now I think.....

    If you managed to get this far, thanks for reading. I will be back in the near future.

    MM
    x
    Last edited by Mortgage Minimiser; 27-10-2018 at 12:12 PM.
    2016 MFW#46 O'Pd- £3641.26; 2017 MFW OP'd £7779.28 ; 2018 MFW OP'd £11,515.16
    MFiT-T4 # 59 - reduce mtg to £195,000; MFit-T5 - reduce mtg to £140,000
    Mortgage at start (01/2/2015) - £243,750. @31/12/15 - £235,906.71. @31/12/16 - £224,120.98. @31/12/17 - £210,224.06. @31/12/18 - £190,821.21
    Mortgage today £184,997.48
Page 2
    • Mortgage Minimiser
    • By Mortgage Minimiser 28th Dec 18, 7:22 PM
    • 154 Posts
    • 664 Thanks
    Mortgage Minimiser
    Thanks Julicorn!

    Some pretty amazing achievements / OPs yourself I see! I also keep up with your diary

    MM
    x
    2016 MFW#46 O'Pd- £3641.26; 2017 MFW OP'd £7779.28 ; 2018 MFW OP'd £11,515.16
    MFiT-T4 # 59 - reduce mtg to £195,000; MFit-T5 - reduce mtg to £140,000
    Mortgage at start (01/2/2015) - £243,750. @31/12/15 - £235,906.71. @31/12/16 - £224,120.98. @31/12/17 - £210,224.06. @31/12/18 - £190,821.21
    Mortgage today £184,997.48
    • Mortgage Minimiser
    • By Mortgage Minimiser 29th Dec 18, 10:16 AM
    • 154 Posts
    • 664 Thanks
    Mortgage Minimiser
    Not really one for NY resolutions.... but am going to have some financial aims this year.

    I'm going to try and spend more time on prolific (the only survey site I do now, as VO got tedious. might just try and get my final payment from them as currently at £9, but it takes soooo long!).

    I use the prolific money to pay for daughter's friends presents. The amount of parties is crazy! last year I spent £267.37 on 'non family' presents but used Prolific money so the real cost to me was £52.19, an average of £2.49 per present. I'm going to try an beat that this year!
    I also hope the number of parties calms down... they tend to start having smaller parties now (she is 6) fingers crossed. That means I can put some of the 'free money' to next Christmas.

    I've gt over £15 in there already and the first party of the year is later in Jan, so already starting with a 'free' present

    let's see if I can keep this up when I get back to work

    Still not decided on SIPP V S&S ISA....

    Itching to start Tilly Tidying / following AFK's method, but I've closed the books for 2018 and waiting till 1st Jan so it's all going into the OP pot at the mo.....

    Have a great day everyone!

    MM
    X
    2016 MFW#46 O'Pd- £3641.26; 2017 MFW OP'd £7779.28 ; 2018 MFW OP'd £11,515.16
    MFiT-T4 # 59 - reduce mtg to £195,000; MFit-T5 - reduce mtg to £140,000
    Mortgage at start (01/2/2015) - £243,750. @31/12/15 - £235,906.71. @31/12/16 - £224,120.98. @31/12/17 - £210,224.06. @31/12/18 - £190,821.21
    Mortgage today £184,997.48
    • julicorn
    • By julicorn 29th Dec 18, 10:23 AM
    • 637 Posts
    • 2,716 Thanks
    julicorn
    Thanks MM

    I love the idea of using the prolific money for a specific purpose! My husband puts his towards a little short film project he's working towards, and I think having a goal like that in mind makes quite a big difference. And offsetting all that present money with it is such a good idea.
    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Current: £178,150
    • Mortgage Minimiser
    • By Mortgage Minimiser 29th Dec 18, 6:12 PM
    • 154 Posts
    • 664 Thanks
    Mortgage Minimiser
    So, I thought I would take a look at progress this year from start to finish and it looks something like this:

    Mortgage 1 - £210,224.06 / £190,800.42 (today)
    Mortgage 2 - £76,600 (March) / £74,321.84 (today)
    CCs (all 0%) - £10, 671.93 / £5,986.98


    On top of this I paid off my car (circa £17,300)

    Not a bad effort this year. I'd love to replicate that in 2019!

    I'm off to take a look at OPs and the effect they will have this year.... Im really so addicted !

    Have a good evening all.

    MM
    X
    2016 MFW#46 O'Pd- £3641.26; 2017 MFW OP'd £7779.28 ; 2018 MFW OP'd £11,515.16
    MFiT-T4 # 59 - reduce mtg to £195,000; MFit-T5 - reduce mtg to £140,000
    Mortgage at start (01/2/2015) - £243,750. @31/12/15 - £235,906.71. @31/12/16 - £224,120.98. @31/12/17 - £210,224.06. @31/12/18 - £190,821.21
    Mortgage today £184,997.48
    • Mortgage Minimiser
    • By Mortgage Minimiser 31st Dec 18, 6:46 PM
    • 154 Posts
    • 664 Thanks
    Mortgage Minimiser
    Evening all,

    Hope your New Year is exactly what you want it to be.

    I'm having a lovely quiet night with my little one.... I had to work today, so she was entertained by Daddy, and now I'm having my share of time and cuddles....

    I made a decision to start investing in my future as well as paying down the mortgage, so as soon as I logged on this morning I increased my pension payment to 15%. Employer pays 5% so that's a total of 20% going in now.

    I also have a pension form my last employer - not much but about £60k in there. I cant decide what to do with it. Seems pointless to leave it sitting there and I cant proactively manage it. Was wondering whether to either transfer it into my current pension of invest in a SIPP. Any advice?

    The next thing I want to look into is S&S ISA... again I am not really up on these, so keen to get thoughts from you people. I'm also following a thread on the pensions board so see what that throws up.

    Well, until the mortgage goes out tomorrow there isn't much to report, so I will say a Happy New Year to you all and hope all your financial goals are met in 2019!

    MM
    xx
    2016 MFW#46 O'Pd- £3641.26; 2017 MFW OP'd £7779.28 ; 2018 MFW OP'd £11,515.16
    MFiT-T4 # 59 - reduce mtg to £195,000; MFit-T5 - reduce mtg to £140,000
    Mortgage at start (01/2/2015) - £243,750. @31/12/15 - £235,906.71. @31/12/16 - £224,120.98. @31/12/17 - £210,224.06. @31/12/18 - £190,821.21
    Mortgage today £184,997.48
    • Mortgage Minimiser
    • By Mortgage Minimiser 1st Jan 19, 12:31 PM
    • 154 Posts
    • 664 Thanks
    Mortgage Minimiser
    Good morning and HNY everyone!

    Lazy start to the day.


    Just had lunch, and now off t the park for some much needed fresh air.


    MFW-wise both mortgage payments have gone out, along with an OP of £670 (already hit the monthly amount needed for my OP target this year. I've tilly tidied £1.84 and moved £2.11 form interest on bank account into its pot.


    Pots currently look like this:
    Food £406.22
    Petrol / Car £204.20 with work expenses submitted yesterday (£145 ish)
    Xmas leftover £137.53
    Days out £64.64
    Clothes £52
    Annual bills / insurances £252.65 (house insurance due this month)
    Interest from bank accounts £65.47
    Tilly Tidies £1.84
    Free money (Prolific) £15.45

    Not too bad ….. needs to decide if I am going to OP the interest or use it as 'free' money for things like presents / annual bills.

    Right, off to the park.....cooking dinner later

    have a lovely day everyone

    MM
    x
    2016 MFW#46 O'Pd- £3641.26; 2017 MFW OP'd £7779.28 ; 2018 MFW OP'd £11,515.16
    MFiT-T4 # 59 - reduce mtg to £195,000; MFit-T5 - reduce mtg to £140,000
    Mortgage at start (01/2/2015) - £243,750. @31/12/15 - £235,906.71. @31/12/16 - £224,120.98. @31/12/17 - £210,224.06. @31/12/18 - £190,821.21
    Mortgage today £184,997.48
    • Mortgage Minimiser
    • By Mortgage Minimiser 4th Jan 19, 4:29 PM
    • 154 Posts
    • 664 Thanks
    Mortgage Minimiser
    So the mortgage payment and OP finally registered - now standing at £189,188. Finally under the 190s

    Even with the interest we wont go back into the 190s no. yay!

    Id like to get into the 170s by the end of the year - with no more OPs it will be April 2020. That's not going to get me to target!

    Yesterday I started clearing out my wardobe….. found some clothes with labels on still (fat face and others) but I just know I am never going to get into them, so off to the charity shop they went.

    I have a load of Karen Millen and some kids Ted Baker to sell... hopefully make a bit form those which can go towards the OP.

    Been to the safari park today with the little one. Had a great time, it's one of her favourite places. Took lunch and drinks so spent nothing and the entrance was covered by last months - yes last moths - days out budget, so still got this months to spend if needed.


    Still need to decide about the pots and whether to OP - house insurance is due in 2 weeks, so as long as there is enough in that pot then I will OP some of the Christmas budget remaining.

    Right, starting on dinner...… Bolognese tonight, yum.

    Have a good weekend all!
    MM
    X
    2016 MFW#46 O'Pd- £3641.26; 2017 MFW OP'd £7779.28 ; 2018 MFW OP'd £11,515.16
    MFiT-T4 # 59 - reduce mtg to £195,000; MFit-T5 - reduce mtg to £140,000
    Mortgage at start (01/2/2015) - £243,750. @31/12/15 - £235,906.71. @31/12/16 - £224,120.98. @31/12/17 - £210,224.06. @31/12/18 - £190,821.21
    Mortgage today £184,997.48
    • Mortgage Minimiser
    • By Mortgage Minimiser 12th Jan 19, 11:25 AM
    • 154 Posts
    • 664 Thanks
    Mortgage Minimiser
    Happy weekend!

    So far I have made my basic OP only, which was £670, this month. I may be able to do more towards the end of the month - waiting interest on bank accounts etc.

    Anyway, controversially I set this months OP to reduce my minimum payment. I know most people would recommend reducing the term in order to achieve the MF objective, but I figure if I am going to be doing this by myself and taking on additional bills, such as the utilities, I wanted to protect myself and get my basic minimum payments as low as possible. So this will be my instruction to the bank for the foreseeable. You never know what will happen with work either...…

    Caveated though with the fact I still assume my minimum payment is the original payment and then OP on top of that - IYSWIM. So I'm not just paying the reduced minimum.

    This month the minimum reduced by £5.34, so over time it has a big impact. I shall do this for the year and see where I end up.

    I've increased my pension contribution to 15% and my employer pays 5%, so that's a nice chunk going in every month. Keen to see how that impacts it and the future projection, but things seem to have taken a nose dive in the last few months. One of my pensions has lost over £3,300 in the last 2 months. Not an issue long term, I hear people cry, but I was looking to take that out an d invest it elsewhere as it's useless sitting where it is, and isn't a huge pension. I shall sit tight for now and see if it recovers.

    Currently, my pension pot is £138k lower than what I really want it to be.....lots to do there.

    At long last I am due some bonus this month....been a fair few months without it. This isn't a big one, February should be a lot better....but it will all be split between OP and savings. Need to build up my cash reserves. only sitting at £4,139 ATM. Not overly worried as still a big pot in place for the extension and work on the house, so I can call on that, but want to build my pot up before that all disappears

    Right, I had better go and get the shopping done whilst DD is at dance class.

    Then it's haircuts this afternoon and sadly a lot of spelllings to learn. Yr 2 SATs are approaching (which I find particularly annoying and useless, merely serving to stress parents out with a load of extra work!), so the homework is ramping up in advance. Pointless, and they are getting rid of them in a few years... but don't get me started !


    have a good weekend all

    MM
    X
    2016 MFW#46 O'Pd- £3641.26; 2017 MFW OP'd £7779.28 ; 2018 MFW OP'd £11,515.16
    MFiT-T4 # 59 - reduce mtg to £195,000; MFit-T5 - reduce mtg to £140,000
    Mortgage at start (01/2/2015) - £243,750. @31/12/15 - £235,906.71. @31/12/16 - £224,120.98. @31/12/17 - £210,224.06. @31/12/18 - £190,821.21
    Mortgage today £184,997.48
    • shangaijimmy
    • By shangaijimmy 12th Jan 19, 2:32 PM
    • 2,928 Posts
    • 14,729 Thanks
    shangaijimmy
    Anyway, controversially I set this months OP to reduce my minimum payment. I know most people would recommend reducing the term in order to achieve the MF objective, but I figure if I am going to be doing this by myself and taking on additional bills, such as the utilities, I wanted to protect myself and get my basic minimum payments as low as possible. So this will be my instruction to the bank for the foreseeable. You never know what will happen with work either...…

    Caveated though with the fact I still assume my minimum payment is the original payment and then OP on top of that - IYSWIM. So I'm not just paying the reduced minimum.

    X
    Originally posted by Mortgage Minimiser
    We're the same. I'd rather keep the term the same for now and reduce the liabilities should anything happen in the future. We also have the same payment and OP assumptions which serves our planning for paying off early when the time is right (provided we have no life scares).

    Good luck with your journey.
    MFW: Turning June 2036 into March 2025...
    48 out of 120 Payments - Total Reduction: £51,500.83
    Current Balance: £84,499.28
    MFiT-T5 #8 - 0% of £41,000
    • Mortgage Minimiser
    • By Mortgage Minimiser 12th Jan 19, 3:26 PM
    • 154 Posts
    • 664 Thanks
    Mortgage Minimiser
    Thanks for popping by Shangaijimmy….. maybe it's a northwestern thing Good to know Im not the only one thinking like that.

    Once I get to about 900 per month I think I will relax a bit. Quite some way to go though!

    So far a very spendy weekend. Went out or dinner and drink with friends last night - could have been worse, £45 and it's not often I do it. Treated myself to some new clothes. haven't really spent on myself in a year, and having given a lot to the CS last week I decided to replace some things. I desperately needed work stuff too.


    DD needed winter riding jodhpurs and gloves this week - and the cat that we rehomed a week ago needed some TLC. Poor thing is so timid, not had the best start, but slowly coming round. Anyway Pets at Home have benefitted hugely! I'll get some surveys done to pay for it :

    Hairdresser for DD in 25 mins - that wont cost much, but then it's home and comparison sites for house insurance. At least the money is there for that.


    Waiting to see if T@sco come up good with CCTV as well. SOme woman reversed into me in their car park just before Xmas. I was already reversing, and saw he coming, she didn't stop, where as I did but somehow she didn't hear me beeping her,.... don't know how it was loud enough, Anyway, she hit me and now is denying responsibility. Apparently she doesn't want to claim for hers - no wonder it was just the light casing, but she's damaged two panels on the back of my car, so I ant see that being cheap at Land rover. If i cant get the CCTV to demonstrate liability it's either split and we both get penalised or I pay for it myself and don't claim. Grrr. really annoys, me.

    Oh, well, I shall find out soon enough I guess.

    happy Saturday all!

    MM
    x
    2016 MFW#46 O'Pd- £3641.26; 2017 MFW OP'd £7779.28 ; 2018 MFW OP'd £11,515.16
    MFiT-T4 # 59 - reduce mtg to £195,000; MFit-T5 - reduce mtg to £140,000
    Mortgage at start (01/2/2015) - £243,750. @31/12/15 - £235,906.71. @31/12/16 - £224,120.98. @31/12/17 - £210,224.06. @31/12/18 - £190,821.21
    Mortgage today £184,997.48
    • greent
    • By greent 13th Jan 19, 8:51 AM
    • 7,912 Posts
    • 80,489 Thanks
    greent
    I never officially reduced the term of our mortgage at any point, either (just kept track of the expected new date via spreadsheet) - it meant that our 'official' monthly payment at the end was £8.34 (or thereabouts - under £10, anyway!!) Worked well for us xx
    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) £1100/£5K
    Net sales 2019 £54.70/£500
    • Mortgage Minimiser
    • By Mortgage Minimiser 13th Jan 19, 9:17 AM
    • 154 Posts
    • 664 Thanks
    Mortgage Minimiser
    Hi Greent,

    thanks for popping by, blimey £8.34.... I wish! That's less than my daily interest (but we have made huge strides in that, so can't complain.).

    Im so impatient I just want the whole thing gone, but it's such an uphill battle.

    Must be a lovely feeling.

    Plans today....take DD to stagecoach this morning, then 3 hours to get organised. Few bits of shopping I couldn't get yesterday, then back home to sort the house insurance and do the ironing for the week. Also serious conversations need to be have with soon to be ex OH...we need to sort things and he's doing nothing. Well, why would you move out when pretty much everything is paid for you???

    No, today is sorting day.

    Doing roast dinner this afternoon, and have invited my sister. Need a nice relaxing afternoon to take my mind off work tomorrow, as it's coming into a stressful period....

    Have a fabulous relaxing Sunday everyone



    MM
    x
    2016 MFW#46 O'Pd- £3641.26; 2017 MFW OP'd £7779.28 ; 2018 MFW OP'd £11,515.16
    MFiT-T4 # 59 - reduce mtg to £195,000; MFit-T5 - reduce mtg to £140,000
    Mortgage at start (01/2/2015) - £243,750. @31/12/15 - £235,906.71. @31/12/16 - £224,120.98. @31/12/17 - £210,224.06. @31/12/18 - £190,821.21
    Mortgage today £184,997.48
    • Mortgage Minimiser
    • By Mortgage Minimiser 19th Jan 19, 7:50 AM
    • 154 Posts
    • 664 Thanks
    Mortgage Minimiser
    It's been a strange - and very expensive week!

    OH moved out on Monday. We haven't told DD yet, she's only 6, and he's here for bedtime almost every night, so managed to keep it under wraps for now. Im not ready for that conversation, it will break her heart.


    Had to tell work and there will be some impacts, but boss was fabulous. In fact I think I've been more productive tbh so bonus for them!

    Im definitely more calm, and more organised, strangely, not sure why but long may that continue.

    Dance class for DD this morning, and daddy's coming over to take her, so all will be normal. I shall do the shopping then meet some of the mums for a drink (non alcoholic!). They will have their LOs and I will be child free... lovely! I shall pick her up and then a very old friend is coming over., She's going through the same thing so we are propping each other up!

    Been a spendy week..... house insurance (budgeted for) bought and paid, ANd now my renewal has comin £40 cheaper so I will double check the cover on them both and see if the difference is worth paying for or cancelling and putting back in the pots.

    Car needed fixing - the lock was broken, £180 just to get it on the ramps, and couple of other bits.... and almost £600 later. Almost all of it was in my 'car account' which is made up just of my petrol expenses, the rest I can get from my EF. Not too much of a disaster but more than I was hoping for. At least the car looks like new again. Oh, and they cleaned it, it was filthy so that was worth £100!!!!

    Ive said DD can have friends over tomorrow after stagecoach, so that's an extra 4 6/7 year olds..... eek!

    Prolific looks ok, and have enough for birthdays this month meaning I will have paid nothing for DD's friends parties this month That's what I wsn tto achieve for the year for all friends and family... how mercenary!

    Just on prolific, I saw somewhere that ~ a certain level you don't get charged to take your money out. Is that right, and does anyone know what that value is? If I can avoid charges I will, and I usually take it out at about £8….

    I am finally getting some bonus from work this month, so that will fill up some pots, and next month should also be a fabulous commission payment - a deal I've worked on since June has finally dropped so I get paid for that.... that will get my savings to the level I want and provide a nice OP to my target, so will make the rest of the year more relaxing.

    Fingers crossed that all works as I expect and I can then just focus on a min £660 / month payment to get me to my target for the year.....well with next month OP I should smash it.

    Have a lovely weekend everyone

    MM
    X
    2016 MFW#46 O'Pd- £3641.26; 2017 MFW OP'd £7779.28 ; 2018 MFW OP'd £11,515.16
    MFiT-T4 # 59 - reduce mtg to £195,000; MFit-T5 - reduce mtg to £140,000
    Mortgage at start (01/2/2015) - £243,750. @31/12/15 - £235,906.71. @31/12/16 - £224,120.98. @31/12/17 - £210,224.06. @31/12/18 - £190,821.21
    Mortgage today £184,997.48
    • Mortgage Minimiser
    • By Mortgage Minimiser 2nd Feb 19, 9:36 AM
    • 154 Posts
    • 664 Thanks
    Mortgage Minimiser
    Happy weekend all!

    No further OPs in Jan as I decided to keep my little bits in the relevant pots, but I have sent £1.050 yesterday. That puts me at £1,720 so far this year and @ 21.5% of the target I had set myself.

    I have a large CC bill to pay off though, so need to throw a chunk at that - probably next month when my Feb commission comes in, and I can clear whatever's remaining on that.

    I've looked at numbers and I know that even on basic salary month I can afford a £501 OP. This is key as any payment over £500 makes an adjustment to either the term or the monthly payment (whichever you decide), so from now on that will be the minimum OP and the SO is set to that. I can then amend it any time upto the day before, so I can review my payslip and change it according to commission payments.

    Incorporating this figure into my S/Sheet has taken my MF date to May 2031. Still to far into the future for me though...I'm aiming for when my current 5 year fix ends - Dec 2023. Current figures tell me I will still owe £116,059 at that point so I need to ensure I pay more than that!

    Better get lunch made for LO, then drop her at dance...then shopping, back home to clean iron etc etc. At some point i want to fit in a 2 mile fast walk.... need to get healthy!

    Have a great weekend all

    MM
    x
    2016 MFW#46 O'Pd- £3641.26; 2017 MFW OP'd £7779.28 ; 2018 MFW OP'd £11,515.16
    MFiT-T4 # 59 - reduce mtg to £195,000; MFit-T5 - reduce mtg to £140,000
    Mortgage at start (01/2/2015) - £243,750. @31/12/15 - £235,906.71. @31/12/16 - £224,120.98. @31/12/17 - £210,224.06. @31/12/18 - £190,821.21
    Mortgage today £184,997.48
    • greent
    • By greent 2nd Feb 19, 7:48 PM
    • 7,912 Posts
    • 80,489 Thanks
    greent
    If you cash out on Pr0lific at £20 or more through Circle there are no fees. Less than that Circle's fees are 1% + something, I think. Paypal fees are charged at whatever you take out, if you use that method.

    I set a Circle account up last week and cashed out just over £20 with no problems and transferred it to my bank account when it arrived (was about 24 hours after requested - but I had email updates to keep me informed) 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 12/18 £54829 2019 OPs (#18) £1100/£5K
    Net sales 2019 £54.70/£500
    • Mortgage Minimiser
    • By Mortgage Minimiser 2nd Feb 19, 9:12 PM
    • 154 Posts
    • 664 Thanks
    Mortgage Minimiser
    Thanks Greent,

    I might try that then. I had never used Circle before so i was a bit wary. Always good to get recommendations. I tend to cash out at anywhere between 5 and £10 so i might try and leave it there a bit longer !

    Have a good evening
    MM
    x
    2016 MFW#46 O'Pd- £3641.26; 2017 MFW OP'd £7779.28 ; 2018 MFW OP'd £11,515.16
    MFiT-T4 # 59 - reduce mtg to £195,000; MFit-T5 - reduce mtg to £140,000
    Mortgage at start (01/2/2015) - £243,750. @31/12/15 - £235,906.71. @31/12/16 - £224,120.98. @31/12/17 - £210,224.06. @31/12/18 - £190,821.21
    Mortgage today £184,997.48
    • newgirly
    • By newgirly 3rd Feb 19, 7:23 AM
    • 6,661 Posts
    • 46,320 Thanks
    newgirly
    Hi mortgage minimiser, it’s a bit late but I’ve just read your new diary and wanted to wish you all the best
    MFW 21

    £79,000 left, target £16k in 2019
    • Mortgage Minimiser
    • By Mortgage Minimiser 3rd Feb 19, 8:04 AM
    • 154 Posts
    • 664 Thanks
    Mortgage Minimiser
    Thanks for stopping by Newgirly.

    I've been reading yours for years! Quite the inspiration! Keep at it, i know you've had a set back but I love how you are acing into it.


    Will keep reading with interest

    MM
    x
    2016 MFW#46 O'Pd- £3641.26; 2017 MFW OP'd £7779.28 ; 2018 MFW OP'd £11,515.16
    MFiT-T4 # 59 - reduce mtg to £195,000; MFit-T5 - reduce mtg to £140,000
    Mortgage at start (01/2/2015) - £243,750. @31/12/15 - £235,906.71. @31/12/16 - £224,120.98. @31/12/17 - £210,224.06. @31/12/18 - £190,821.21
    Mortgage today £184,997.48
    • Mortgage Minimiser
    • By Mortgage Minimiser 3rd Feb 19, 8:25 AM
    • 154 Posts
    • 664 Thanks
    Mortgage Minimiser
    Feb payment has finally updated - down to £187,499.11 a 2k difference from last month. Interest will be a little over £300, so well and truly in the £187s...

    I'm starting to feel like I am getting somewhere. Can't wait to see what the new interest payment is and what the new payment will drop to next month.

    Feel like I am always living my life looking forward, and waiting for something!

    Better get dressed, LO to Stagecoach then I have 3 hours to do my jobs.

    Cooked yesterday afternoon - huge turkey mince Bolognese - so don't need to cook today if I don't feel like it - win!

    Have a good day everyone.
    Last edited by Mortgage Minimiser; 03-02-2019 at 11:19 AM.
    2016 MFW#46 O'Pd- £3641.26; 2017 MFW OP'd £7779.28 ; 2018 MFW OP'd £11,515.16
    MFiT-T4 # 59 - reduce mtg to £195,000; MFit-T5 - reduce mtg to £140,000
    Mortgage at start (01/2/2015) - £243,750. @31/12/15 - £235,906.71. @31/12/16 - £224,120.98. @31/12/17 - £210,224.06. @31/12/18 - £190,821.21
    Mortgage today £184,997.48
    • Mortgage Minimiser
    • By Mortgage Minimiser 3rd Feb 19, 11:29 AM
    • 154 Posts
    • 664 Thanks
    Mortgage Minimiser
    So, LO deposited at Stagecoach after a monster tantrum. Seriously, she's 6, surely these should be on the decline now. All over a pair of leggings that 'didn't feel right'... strewth!

    Anyway, in the furore I forgot to take scissors with me to cut the flowers I'd bought for the cemetery, so had to come all the way back, then go to cemetery. Got there and realised I'd forgotten water... and obviously their taps were all frozen.... anyway i cleared the dead flowers, froze my hands off in the process and might pop back when i go to pick LO up, or i can pop out tomorrow as Im WFH.

    Had a nice brunch of beans on toast (with cheese - probably should stop this habit) and decided i need to look at investing and future planning - so now looking at pensions with a cup of tea.

    I had upped my pension contribution to 15% which took effect this month, and employer contributes 5% so that's increased by over £1000 this month.

    I still have a pension with my old employer that i cannot do anything with so it's just sitting there. Not sure what to do with that, but Im sure i could make that work harder and be under my control. It's not a huge one, about £57k...

    I could start to investigate it i guess.

    After that im going to do a bit of work, and then make a turkey mince lasagne to have in the stocks. I really need to sort my diet out. Feels like I've put a stone on in the last week

    Think a chilled day is in order, slowly doing the chores - ironing started but needs finishing. I don't feel the pressure so much when Im WFH, cos let's be honest who sees you ???

    Onwards with the pension investigation

    MM
    X

    ANyone got any ideas?
    2016 MFW#46 O'Pd- £3641.26; 2017 MFW OP'd £7779.28 ; 2018 MFW OP'd £11,515.16
    MFiT-T4 # 59 - reduce mtg to £195,000; MFit-T5 - reduce mtg to £140,000
    Mortgage at start (01/2/2015) - £243,750. @31/12/15 - £235,906.71. @31/12/16 - £224,120.98. @31/12/17 - £210,224.06. @31/12/18 - £190,821.21
    Mortgage today £184,997.48
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