Making chicken feed of my mortgage

Fortune_Smiles

Well done - 11 months is fab!

Fortune x

getmore4less

muddywhitechicken wrote: »

No, it doesn't

The projections are:

5% - £74,800 (potential shortfall = £15,450)
7% - £93,200 (potential surplus = £2,950)
9% - £116,000 (potential surplus = £25,750)

We pay £1,608.84/year (£134.07/month)

We've paid in total £17,697.24 (£1,608.84/year x 11 years)

So our current fund value is worth 50% more than we have paid in

£134.07pm over 11 years with a fund value of around £26592 that around 7%

muddywhitechicken

getmore4less wrote: »

£134.07pm over 11 years with a fund value of around £26592 that around 7%

Thanks gm4l

I will pay more attention to how it's performing in the next 11 years than I have in the last 11 years

I'm also thinking of increasing it to £250/month

edinburgher

I know relatively little about S&S (buy index funds cheap, don't get distracted by shiny nonsense and advertising), but a 50% growth in 11 years (albeit some pretty horrible years for investors) doesn't sound like you're making anything like 7% a year in real terms.

Do you have an IFA? Upping the amount sounds eminently sensible to my less than expert eyes.

muddywhitechicken

edinburgher wrote: »

Do you have an IFA? Upping the amount sounds eminently sensible to my less than expert eyes.

My IFA suggested withdrawing £20,000 and paying it off the mortgage now and I have an appointment with the financial advisor at my local Nationwide branch on Friday.

Although originally started to pay off the IO mortgage, the current plan is to OP the IO mortgage once we have cleared the further advance (repayment) and not to have to use this money for the mortgage

muddywhitechicken

Eggs IN 5
Eggs OUT 3 (Christmas puddings)

Beef panang curry for dinner again to use up the curry paste Mr MWC made last weekend - just as yummy as last week

- Christmas puddings are still in the oven
- Blackberry whisky made
- Hedgerow jelly fruit and spiced crab apple jelly fruit dripping ready for jelly making tomorrow
- I've had a rummage in the shed for jam jars
- Sloes for sloe gin washed but they're not as ripe as I would have liked so I'm leaving them on the windowsill for a couple of days before I freeze them
- 350g rhubarb frozen

I didn't manage to go for a walk or hang the washing out

muddywhitechicken

On this day 12 years ago, I was calmly waiting for the bridal shop to open so that I could buy a new veil (mine had gone missing - my dad had tidied it away without realising what it was *rolls eyes*) before marrying Mr MWC in the afternoon :smileyhea

Reminded by the Harvey & Rabbit ad, I've found a mix tape that Mr MWC made for me when we met

A Tape for Cool People :cool:

Side A
The Bends - Radiohead
Into The Blue - Geneva
Wide Open Space - Mansun
Under The Bridge - Red Hot Chilli Peppers
Breathe - Prodigy
Under The Bridge - PJ Harvey
I'm Alive - Throwing Muses
Maps and Legends - REM
Maybe I'm Amazed - Carleen Anderson
People In The Middle - Spearhead
All I need - Method Man featuring Mary J Blige

Side B
Dream All Day - The Posies
Take The Long Way Round - Teenage Fan Club
A Wish Away - The Wonderstuff
The Man Who Sold The World - Nirvana
Me And My Charms - Kristin Hersh
My Curse - Afghan Whigs
Passin Me By - The Pharcyde
Sly - Massive Attack
Tailights Fade - Buffalo Tom
Honey Don't Think - Grant Lee Buffalo
State of Mind - Goldie

The first dance at our wedding reception was At My Most Beautiful by REM

Tilly_MFW_in_6_YRS

Happy Anniversary to you both

Love the music choices.

Best wishes Tilly x

tootoo

we celebrated our anniversary this week too - hope you have a lovely day!

wide open space was on the radio in the car yesterday and we both said it brought back memories of dh being at uni

QB_Wolf

Happy anniversary, I must be only partially cool only recognise half of the songs, they are good ones though.