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Trials and tribulations of a Debt Free Wannabee!
Comments
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Sad to have your expectations dashed but at least you'll be paying less than now.
Enjoy your lamb andI hope you have a great xmas.CCs @0% £24k Dec 05 £19,621.41 Au £13400 S 12600 Oct £11,981 £9481 £7500 Nov £7250 D £7100 Jan 6950 F £5800 Mar£5400 May £4830 June £4660 July £4460 Aug £3200, S £900, £0 18/9/07 DFW Nerd 0420 -
Hi verbatim and all my other readers!
to you all and a Happy New Year.
Just got through to Barclays and they say our main mortgage is unaffected. This would only affect us if we had used or in future use our mortgage reserve - which as far as I know as we are on an interest only mortgage we haven't got one of these. It tends to be created by repaying capital off your mortgage or if you requested a reserve when you first applied. So the good news is that all being well our mortgage will still drop massively come July!
Barclays have been absolutely inundated with calls although luckily I got thro pretty much straightaway. I have asked the phone agent to pass on my disgust at the wording and timing of the letter, and to pass on how much worry it has caused people like me completely unnecessarily.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/250 -
thats good to hear saving ...sorry i didnt get back on last night landed up busy and then went to bed by 8pm ...
happy xmas to you and yours hope you have a wonderful day and atleast now you dont have to worry about that letter so that is something atleast0 -
Hi SH,
Glad the mortgage looks like good news. I hope you have a wonderful, relaxing holiday and maybe get to enjoy the snow if you don't have to worry about getting anywhere.
KJ:A Let us be grateful to people who make us happy: they are the charming gardeners who make our souls blossom. Marcel Proust :A0 -
hi el and KJ and thanks
We have to travel about an hour and half each way tomorrow - and then out again boxing day. Our cul-de-sac is a bit icy but the others roads round here are ok - not sure what it will be like at parents house tho - they tend to get more snow than us
DD is now in the bath. We had a gorgeous roast lamb tea. DS is tidying up his bedroom so that father christmas doesn't break his neck when he comes to call. DS very worried he's not getting anything as he has already had his bed LOLAchieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/250 -
Happy Christmas SH. Hope you have a good one.
LTotal Debt Dec 07 £59875.83 Overdrafts £2900,New Debt Figure ZERO !!!!!!:j 08/06/2013
Lucielle's Daring Debt Free Journey
DFD Before we Die!!!! Long Haul Supporter #1240 -
SH hope you and your family have a lovely xmas
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Happy Xmas SavingH.
Hope you have a lovely relaxing time
Total (Aug 19):€58,567 Now:€26,947
DFD:Nov 22/June 22
Mortgage: €199,712
MFD: March 2042/July 20340 -
Wishing you a very Merry Christmas :xmastree:xxxx0
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Good news about martgage SH hope you have had a lovely CHristmas and that Father Christmas was kind to you
MilannJanuary spends - £587.580
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