It’s a good job I didn’t get my hopes up. The estate agent did have a buyer, with a specific budget, and offered me the price; the only price I may add and I had to refuse it. It was 10K under what I could take as I have a 7.5K early repayment fee. He understood and made it clear as he’d sold the prospective purchaser’s house and was party to the mortgage deals available to them that there was no more money. We left it at that. I think my house is worth a little more but I’m not the buyer and they dictate the price.
We hadn’t planned to do anything at all until 9th September 2012, which is the date our mortgage ‘tie in’ expires. However, after that, there is no hold on us at all. We can move our mortgage even if we don’t manage to sell. We will hold on and just live as economically as ever between now and then and pay as much of the mortgage capital as we possibly can. From December 1st, when the last payment goes out to the home loan, all of our spare money will go towards mortgage repayment, up to 10% of the balance otherwise we incur charges. See what I mean about financiers! They even sting you when you try to pay off your debts sooner.
I can and will reign in all spending and make sure I live as frugally as possible. You all know me well enough to know that this is a minor set back and I will get over it. Some day, sooner or later, we will be in the position to sell our home and stop paying such a mammoth mortgage and have a reasonable house, with affordable costs.
The sun poured through our windows today, the house was bathed in natural light and the wall sized picture windows let us see all the hills and countryside opposite our house. I walked the short distance to the supermarket, walked around the friendly neighbourhood with my dogs, chatted to people as I did so. I saw smiling faces in a small and welcoming community. I came home to a bright and cheerful home, surrounded on all sides by a private garden and enjoyed a cup of coffee on my terrace. Life is good.
My wonderful mum is coming to see me tomorrow and I shall take her out for lunch at a little local pub nearby. I’ll take her for a short walk on the moor to the standing stones (weather permitting) and we’ll just enjoy one of the most beautiful places on earth. I keep counting my blessing. I live in a stunning and beautiful place and will cope with the cost as I always have. I will live carefully and economically so I can always afford it. I know I can make my home comfortable with limited funds, charity shop and car boot sale finds. We’ll be fine and we’ll carry on.