I’ve just come off the phone to my current mortgage provider. I rang up to see how much I’d likely be able to borrow if I wanted to purchase a larger house using equity in this house as a deposit.
I was hoping that because of my regular overpayments to my mortgage as part of my ‘mortgage free in 5 years‘ thing, and my reasonable income for a working mother of 2 with my experience level, that I might be able to secure at least enough to upgrade from my tiny 2 bed to a medium sized 3 bed.
Unfortunately, because I am now fully self-employed, any income I’ve received over the past few years in full time employment no longer count. Because I spent much of the past 2 years in full time employment with only self employment on the side, my official SE income for 2014-15 for example is just £1700 (despite overall income being much, much higher).
So, as it turns out, despite my reasonable financial status, repeat steady business and an average income more than enough to sustain my house & kids etc, I don’t even qualify for my existing mortgage deal let alone a new one.
I understand why affordability checks are in place on mortgages: to prevent people getting in over their head and ending up bankrupt and the bank losing money. But it makes absolutely no sense to me that they can’t look at the bigger picture in terms of income and net worth. Because I blew all my savings on a website I can’t even put together a bigger deposit.
Time to kick my mortgage free thing into gear and get back on the money-saving track, I guess.
Holy crap, it feels like I basically haven’t stopped doing stuff lately. I’d blame that for my inconsistent blogging but we all know that’s been an issue for many years, so I’ll cut to the chase and get you up to speed on the funky biz that’s happening in my life at the moment… The… read full entry »
After the recent loss of Hex, and prior to that both one of my older male guinea pigs and Bramble AKA MEGABUN, I decided that I was fed up of things dying on me (melodramatic, much?) and that was it for pets and me: no more animals. Considering that at various points I’ve had up… read full entry »
I did something yesterday that I’ve been working up to since August last year. I called a local free weights gym to see if they could give me advice, check my form, and generally just introduce me to the gym environment so that I can progress with my lifting (which has unfortunately plateaued again). My… read full entry »
1. Phone number on every page I know it can seem intimidating to list a phone number on your website when you’re a work at home parent but many suppliers and customers prefer to talk rather than e-mail, even in this day and age. In fact, one of my favourite clients came to me because… read full entry »
Back in February I asked my GP for referral for a sterilisation. I saw the consultant last Monday to confirm that I fully understood what was involved in the process and the fact that it was a permanent, non-reversible contraception etc etc. I was offered a newer, non-surgical procedure called Essure®, which basically involves inserting… read full entry »
What do you do when you try and find a site that allows the re-sale of preloved cloth nappies but the only one that did exist has closed down operations? You buy the site of course. As briefly alluded to in the last post, I’ve bought into a new project which I’m hoping will give… read full entry »
Not sure I made that blog title long enough? Anyway.. hi, here I am. Not dead. Which you probably already know because you all follow me on social media. Don’t you? Things have been a bit hectic lately. Last time I spoke to you I was just starting my new drugs. Which … oops, haven’t… read full entry »
I went to the doctors a couple of weeks ago and got my referral for sterilisation as mentioned back in January. The doctor tried to give me non-permanent long term contraceptive options but was obviously content that I had done my research and knew what I wanted as he consented to the referral. I can… read full entry »
Last week I told you all about Team SCA‘s bloody AMAZING all-female crew winning the 8th leg of the Volvo Ocean Race, and that in honour of their win I was encouraged to take part in a challenge that would test my boundaries. I picked the 300ft bungee jump: the equivalent of jumping off the… read full entry »
Back in June 2015 Team SCA won the 8th leg of the Volvo Ocean Race which in its whole, spans 5 continents and over 39000 nautical miles. The first all-female crew to enter the Volvo Ocean Race in more than a decade, the women battled across 647 gruelling miles, which saw multiple crew members suffering… read full entry »
Well howdy. It somehow got to January 20th without me noticing. Funny how this time-passing-by thing works. I turned 30 in style, partying the night away with some of my favourite people. I even took two dresses to my party because I am that awesome. Came away with a car boot-full of presents too, which… read full entry »