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Making chicken feed of my mortgage

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Comments

  • Karmacat
    Karmacat Posts: 39,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    :j:j:j

    You can make your own decision, though, MWC - and whatever you decide, you're MFW equivalent :beer:
    2023: the year I get to buy a car
  • apple_muncher
    apple_muncher Posts: 15,315 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! Name Dropper
    How exciting to have the choice! Congratulations!
    NST March lion #8; NSD ; MFW9/3/23 Whoop Whoop!!!
  • User1489
    User1489 Posts: 400 Forumite
    Fourth Anniversary 100 Posts
    Great to see an investment pay off :D

    Well done :)
    Baby Step 1 - £1k Emergency Fund - COMPLETE
    Baby Step 2 - Pay off all debts except the Mortgage - £9,326 to go
    Baby Step 3 - Save 6 months of expenses into full Emergency Fund - £4,300 to go
    Baby Step 4 - Put 15% into Pension
    Baby Step 6 - Pay off the Mortgage early
    Baby Step 7 - Live like no-one else :D
  • greent
    greent Posts: 10,867 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Great news re the shares :) And wow re Bowie Prom - hope you had a fab time :)

    xx
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/11 £89873 01/13 £52546 01/15 £12133 07/15 £NIL
    Net sales 2024: £20
  • muddywhitechicken
    muddywhitechicken Posts: 3,940 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    The Bowie Prom was absolutely fabulous - an amazing experience :j

    We mooched around Notting Hill yesterday morning, looked in a kitchen showroom that had no prices (:eek:) and had avocado on toast for brunch before heading home. Then (after a much needed nap) we headed out again!

    No sign of any chicks :( but she is still sitting on the eggs :)
    Mortgage at highest (April 2008): ~£195,000
    Mortgage-free: January 2021
    Retired: June 2022 (186 months early!)
  • Tilly_MFW_in_6_YRS
    Tilly_MFW_in_6_YRS Posts: 7,854 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Morning, I've been MIA and only just caught up on your news. Brilliant to read and I'm sure IFA will say reinvest but in my mind, you're almost done :T:T:T:T

    Looking forward to hearing all about Bowie.

    Best wishes Tilly xxxxx
    2004 £387k 29 years - MF March 2033:eek:
    2011 £309k 10 years - MF March 2021.
    Achieved Goal: 28/08/15 :j
  • muddywhitechicken
    muddywhitechicken Posts: 3,940 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    We had our initial meeting with the IFA this morning and I'm looking forward to reading his report :)

    When you take in to account our pension fund values, cash savings, investments and equity in the house, we're doing ok ;)

    He made a face when I told him that I'd cashed in the S&S ISA - oops :o - but I had looked at transfer costs and thought that they were too high...
    Mortgage at highest (April 2008): ~£195,000
    Mortgage-free: January 2021
    Retired: June 2022 (186 months early!)
  • muddywhitechicken
    muddywhitechicken Posts: 3,940 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    I've had a chat with Mr MWC (he had to rush off this morning for a second interview *fingers crossed*) and he now agrees that we should stop OPing the mortgage at the current level and invest the money instead. Whether or not we OP enough to have paid off the mortgage by the end of the term or find the lump sum in April 2028 is yet to be decided... or we could switch to a repayment mortgage ... decisions, decisions :think:
    Mortgage at highest (April 2008): ~£195,000
    Mortgage-free: January 2021
    Retired: June 2022 (186 months early!)
  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Good luck to Mr MWC :T and well done on your overall good position :j.

    Any sign of chicks?
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
  • muddywhitechicken
    muddywhitechicken Posts: 3,940 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    gallygirl wrote: »
    Good luck to Mr MWC :T and well done on your overall good position :j.

    Any sign of chicks?

    He has a third interview tomorrow and he was told to phone the chap he met today on Friday morning - I think they like him!

    No chicks :( She's still sitting tight but too many days have passed now. How were the grandchicks?
    Mortgage at highest (April 2008): ~£195,000
    Mortgage-free: January 2021
    Retired: June 2022 (186 months early!)
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