Project 2- Reducing My Mortgage

I’m proud of this category because it contains the blog posts to my second documented property investment project. I go through every step I took to raise 15k, carrying with me the intentions of buying another buy-to-let investment.

However, due to the uncertain condition of the property market and the lack of desirable properties available during the time, I ended up investing the money in reducing my interest-only mortgage and converting it into a repayment mortgage. It’s the best decision I ever made.

All articles in the " Project 2- Reducing My Mortgage" section

I Reduced My Mortgage By 15k And Saved 30k

23 Oct 2007 / Project 2- Reducing My Mortgage / 2 Comments

I Raised My 15k (Plus More) to complete my “15k project” a while ago, 10th September to be precise, but as already mentioned, I’ve been unsure about what to do with the funds. I wasn’t sure whether to invest more money into another property, or do as initially planned, which was to use that 15k to [...]

I Raised My 15k (Plus More)

10 Sep 2007 / Project 2- Reducing My Mortgage / 6 Comments

I know it’s been a while since I’ve touched on this subject, but to be honest, there hasn’t been much to report. For those who have been out of the loop, you can catch up and read about what my current property investment project is all about. My previous total was £8,478.23, and I managed [...]

I Got A Part-Time Job

10 Jun 2007 / Project 2- Reducing My Mortgage / 5 Comments

I was having one of my moments of reflection at work the other day, contemplating on ways I could raise more cash for my property investment project. I started thinking about how all the little costs in my life add up, and how it would be great to either lower or remove those costs. I’m [...]

I Just Sold The Love Of My Life

01 Jun 2007 / Project 2- Reducing My Mortgage / 2 Comments

I’m feeling quite unsettled right now; I just had to part from the love of my life (Peugeot 206 1.4 GLX). It’s not uncommon for people to get attached to their first car; the sentimental relationship is sometimes unavoidable, unless it’s a complete piece of shit. However, my car was a little beauty, consequently I’m [...]

Results From Selling Shit On Ebay

08 May 2007 / Project 2- Reducing My Mortgage / 2 Comments

So, its been just over 7 days since I put up random pieces of crap for auction on Ebay, in attempt to raise money for My New Property Investment Project. I predicted I would raise close to a few hundred pounds from Selling Shit On Ebay; of course, I thought I was being heavilyÂ optimistic. Results: [...]

Online Affiliate Marketing Earnings

04 May 2007 / Project 2- Reducing My Mortgage / 0 Comments

I received a few cheques through the post today from various affiliate schemes I signed up for. For those unaware, an online affiliate is basically someone that advertises for marketing agencies, and gets paid on commission for every successful conversion. Exciting, huh? I don’t do much online advertising these days (not that I did much [...]

Selling Unwanted Crap On Ebay To Raise Cash

29 Apr 2007 / Project 2- Reducing My Mortgage / 2 Comments

I’ll be selling shit on ebay this week for my second instalment of raising money for my “15k project” I’m a great fan of ebay. In fact, I’m a huge fan. I love the concept; and I love a good bargain. I don’t sell much on ebay simply because I’m too lazy, but I’m a [...]

Counting The Pounds- Raiding The Piggybank

28 Apr 2007 / Project 2- Reducing My Mortgage / 0 Comments

I know the traditional expression is, “counting the pennies”, but I’m not about to go around my house and/or the streets hunting for every penny in my reach. However, like most people, I do have a pot of change that has been the disposal vessel for all the loose coins that has accumulated in my [...]

My New Property Investment Project

26 Apr 2007 / Project 2- Reducing My Mortgage / 1 Comment

10th September 2007 UPDATE : I’m happy to say that this project has now been complete. I raised just over 15k. You can read about it here, I Raised My 15k (Plus More) Ok, folks, I’ve actually come up with a new project. I thought of this project while I was in the shower; cleaning [...]