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The impossible dream
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Thank you GHF, Savings & Leigh. Always one step forward and two steps back.
This EPC thing is annoying. Should I have remained in happy ignorance? perhaps, but that doesn't suit my style of planning for every eventuality. So now, I just keep thinking about all the things that need to be done in the house over and above my own list, that now includes spending of at least another £20k.
So, I will just focus on the mortgage. Once that is cleared at the end of the year, I will start my new diary - not sure where because I will no longer be a MFW - about my repairs to the house. Keeping a diary appears to keep me focused on the plan, so I will look to see where my next home will be at the end of this momentous occasion.What I do not give, you must never take by force.
Mortgage outstanding - 30/12/22 - £25,900. 31/01/23 - £22,300. 28/02/23 - £20,500. 31/03/23 - £17,500. 30/04/23 - £15,800. 30/05/23 - £13,800. 31/06/23 - £11,300. 31/07/23 - £9,800. 31/08/23 - £8,300. 30/09/23 - £6,000. 31/10/23 - £3,000. 30/11/23 - £1,200. 06/12/23 - £00.00
God save us everyone, As we burn inside the fire of a thousand suns, For the sins of our hands, The sins of our tongues, The sins of our fathers, The sins of our young. Linkin Park1 -
I thought some properties were exempt from EPC based on age? Does that relate to your property or is it only listed ones?Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £3K Net savings after CCs 6/7/25
3) Mortgage neutral by 06/30 (AVC £22.5K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 28.2/£127.5K target 22;12% updated 6/7
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.6K updated 6/7/250 -
I think it only relates to listed buildings, so no exemption.
Anyway, having ruminated and cogitated overnight, I have made ANOTHER decision, which is that I am not going to do the solar panels. I will do the things that will suit me and make my life more enjoyable, but if someone wants it, they can fit it when they buy and move in.
Feel much better about this decision, as it isn't going to spin me into £20k of debt, instead I can do the work over a period of time that suits me, if and when I want to.
The positive in every situation.What I do not give, you must never take by force.
Mortgage outstanding - 30/12/22 - £25,900. 31/01/23 - £22,300. 28/02/23 - £20,500. 31/03/23 - £17,500. 30/04/23 - £15,800. 30/05/23 - £13,800. 31/06/23 - £11,300. 31/07/23 - £9,800. 31/08/23 - £8,300. 30/09/23 - £6,000. 31/10/23 - £3,000. 30/11/23 - £1,200. 06/12/23 - £00.00
God save us everyone, As we burn inside the fire of a thousand suns, For the sins of our hands, The sins of our tongues, The sins of our fathers, The sins of our young. Linkin Park3 -
A good decision - for now
That'll be a load off your shoulders
I would love solar panels/ electric car/ electric underfloor heating - it's far too costly to implement just now.Mortgage restart June 2018 £119950Re mortgage August 19 £110470, … Mortgage November 22 £85600 final 0% CC 3300Home renovations - £65000, mid 2018 - mid 20221 -
You are right MFD, these things can wait until we are in a better position regarding the mortgage and have the money to do the work, if we decide its the best thing to do. And right now is not the best time.
Back from my campervan holiday and have overspent, but it was a holiday, so to be expected. The positives of it was I had the money budgeted.
Still planning to make the overpayment on the mortgage this month if I can. If not, no point getting stressed about it.
Sat in front of my open fire, relaxing with the last of my holiday wine. I love my open fire, but the EPC man said it has to go. So, I am looking at getting an inset cassette wood burner. It really looks like what I have now, only the doors can be closed when the fire is going. Anyway, he is right, my open fire is like having a giant hole losing all the heat from the house, despite the doors. So, this year I think I will take the plunge. Should have done it when I was getting the chimney fixed! But, I suppose they weren't one and the same.
I plan to get it fitted before next winter. Perhaps the logs will last longer than they do in an open fire?What I do not give, you must never take by force.
Mortgage outstanding - 30/12/22 - £25,900. 31/01/23 - £22,300. 28/02/23 - £20,500. 31/03/23 - £17,500. 30/04/23 - £15,800. 30/05/23 - £13,800. 31/06/23 - £11,300. 31/07/23 - £9,800. 31/08/23 - £8,300. 30/09/23 - £6,000. 31/10/23 - £3,000. 30/11/23 - £1,200. 06/12/23 - £00.00
God save us everyone, As we burn inside the fire of a thousand suns, For the sins of our hands, The sins of our tongues, The sins of our fathers, The sins of our young. Linkin Park1 -
£500 paid into the mortgage as hoped. Not too shabby. Currently owe £15,800. By the end of the month, this should be £15.5k.
I really don't have any more money lurking under the bed or down the back of the sofa, so my intention of making payments over and above scheduled has now come to a halt. In reality, I need to find another £500 and I should be where I need to be for the mortgage to be paid by the end of the year without resorting to the PB money. But, you never know, it's only April, so I have a few more months to go, during which I may just find something to sell that people want to buy, if I can bring myself to list anything on ebay.
£500. How hard can it be to find £500?What I do not give, you must never take by force.
Mortgage outstanding - 30/12/22 - £25,900. 31/01/23 - £22,300. 28/02/23 - £20,500. 31/03/23 - £17,500. 30/04/23 - £15,800. 30/05/23 - £13,800. 31/06/23 - £11,300. 31/07/23 - £9,800. 31/08/23 - £8,300. 30/09/23 - £6,000. 31/10/23 - £3,000. 30/11/23 - £1,200. 06/12/23 - £00.00
God save us everyone, As we burn inside the fire of a thousand suns, For the sins of our hands, The sins of our tongues, The sins of our fathers, The sins of our young. Linkin Park3 -
Derailment Number 1. I need new tyres, currently bordering on illegal. £300 for 2. Bought with the credit card, but I will pay if off at the end of the month and I get my Clubcard points. See how close I was to that £500? Gone in a puff of smoke!What I do not give, you must never take by force.
Mortgage outstanding - 30/12/22 - £25,900. 31/01/23 - £22,300. 28/02/23 - £20,500. 31/03/23 - £17,500. 30/04/23 - £15,800. 30/05/23 - £13,800. 31/06/23 - £11,300. 31/07/23 - £9,800. 31/08/23 - £8,300. 30/09/23 - £6,000. 31/10/23 - £3,000. 30/11/23 - £1,200. 06/12/23 - £00.00
God save us everyone, As we burn inside the fire of a thousand suns, For the sins of our hands, The sins of our tongues, The sins of our fathers, The sins of our young. Linkin Park1 -
Well done on sorting the tyres. An irritating spend I'm sure.
On the fire how much difference would it make to your EPC?Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £3K Net savings after CCs 6/7/25
3) Mortgage neutral by 06/30 (AVC £22.5K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 28.2/£127.5K target 22;12% updated 6/7
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.6K updated 6/7/250 -
Hi Savings. Probably not that much to be fair. Nothing I can do will lift the EPC rating to a C, so I am not stressing about it. I will stay on target, pay off the mortgage, build my savings and then worry about changes next year. Still on track to pay it off by the end of the year. Shame I don't feel able to shorten the term, but it was always a big ask to cover it all this year!
Managed to put the money aside for the tyres, so all good. Small steps.What I do not give, you must never take by force.
Mortgage outstanding - 30/12/22 - £25,900. 31/01/23 - £22,300. 28/02/23 - £20,500. 31/03/23 - £17,500. 30/04/23 - £15,800. 30/05/23 - £13,800. 31/06/23 - £11,300. 31/07/23 - £9,800. 31/08/23 - £8,300. 30/09/23 - £6,000. 31/10/23 - £3,000. 30/11/23 - £1,200. 06/12/23 - £00.00
God save us everyone, As we burn inside the fire of a thousand suns, For the sins of our hands, The sins of our tongues, The sins of our fathers, The sins of our young. Linkin Park1 -
You're still on track despite a £300 unexpected bill - that's pretty good going!Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £3K Net savings after CCs 6/7/25
3) Mortgage neutral by 06/30 (AVC £22.5K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 28.2/£127.5K target 22;12% updated 6/7
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.6K updated 6/7/250
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