We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Making chicken feed of my mortgage
Comments
-
: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 car0 -
How exciting to have the choice! Congratulations!NST March lion #8; NSD ; MFW9/3/23 Whoop Whoop!!!0
-
Great to see an investment pay off
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 else0 -
Great news re the shares And wow re Bowie Prom - hope you had a fab time
xxI am the master of my fate; I am the captain of my soulRepaid mtge early (orig 11/25) 01/09 £124616 01/11 £89873 01/13 £52546 01/15 £12133 07/15 £NILNet sales 2024: £200 -
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!)0 -
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 xxxxx2004 £387k 29 years - MF March 2033:eek:
2011 £309k 10 years - MF March 2021.
Achieved Goal: 28/08/15 :j0 -
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
- 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!)0 -
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!)0 -
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"0 -
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!)0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.4K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards