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The impossible dream

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  • Tahlullah.H
    Tahlullah.H Posts: 1,227 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    edited 18 January 2020 at 1:05PM
    Thanks for the consideration Savings. I agree that forgoing the mortgage would be the sensible thing to do to plan for the trip, but I feel that the lower the mortgage, the easier it will be to get the permission for the Consent to Let. They usually only give it if you are working elsewhere, and I would not be working. Additionally, my plan is not to return to work after the maximum permitted period of 2 years, so if I can get the mortgage to a point where it is paid off whilst it is being rented out, this would be the ultimate. I can only do that if the mortgage is low enough when I start to rent it out. I am aware it is a pipe dream, but every step towards this aim I believe should be pursued.

    Anyway, where have I got to so far? I have written the list of things that need to be done in each property so that I can walk away and know there will be no issues for the year I am travelling. The list is immense but one property at a time I think.

    I love the idea of vlogging the plans but I cannot think of anyone who would be interested, or even getting any money for it!
    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 Park
  • Tahlullah.H
    Tahlullah.H Posts: 1,227 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Officially unemployed. Will start looking for work on Monday.
    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 Park
  • Moneyfordreams
    Moneyfordreams Posts: 2,442 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    hope you have success in finding a new job that you enjoy. I look forward to hearing about your camper plans
    Mortgage restart June 2018 £119950Re mortgage August 19 £110470, … Mortgage November 22 £85600 final 0% CC 3300Home renovations - £65000, mid 2018 - mid 2022
  • greent
    greent Posts: 10,777 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Assume you are also registering for JSA (or UC)? x
    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
  • Tahlullah.H
    Tahlullah.H Posts: 1,227 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    edited 30 January 2020 at 7:06PM
    Hi. Haven't started to do anything to be honest. Just getting my bearings. Its been a long time since I was unemployed and so I think I need to just relax a moment. Once I feel I am OK, I will look at UC/JSA and if I can claim it. I am hoping I won't need to, even though I know I have paid into the system and would perhaps be entitled to it.

    Just a couple of days and then I will begin to do the hard stuff, like panic.

    Thanks for dropping by.
    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 Park
  • Tahlullah.H
    Tahlullah.H Posts: 1,227 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Well, offered and accepted new job already. Start in a weeks time. Not much time to rest and relax. Perhaps that's a good thing, I might have decided I like it too much. So, just enough time to relax and then back to the grindstone.

    Plans have changed as well after watching a blog from a really honest woman about campervan life. So, maximum 1 month at a time with healthy stretches at home in between each adventure. Will re-evaluate whilst I keep paying down the mortgage. The ultimate dream. Mortgage free.
    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 Park
  • Tahlullah.H
    Tahlullah.H Posts: 1,227 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Think this will be the final post for the month. What have I achieved?
    . Lost a job
    . Found a job
    . 9 NSDs this month - I know I am spending tomorrow.
    . Made a list of work to be done to reach long term goals.

    Difficulty with this because not really clear on what my long term goals are. They are a bit random. Is the ultimate aim to clear the mortgage, which will take about 6 years at current rate? Is it to get ready to go off in my campervan? Which will cost, as I need to figure out how to pay the mortgage as well as have an income whilst travelling (cant travel with a job).

    Because I have no clarity, I think I am in limbo. So what I need to do is be clear about where my spare money can and should be going. Things I need to pay outside of monthly living costs

    . Mortgage - £69,500
    . Repairs to properties - £10,000 guesstimate max
    . Car loan - £16,500
    . Small visa debt - £2,000

    With all this going on in the background, I had to buy a new fish tank. My goldfish have outgrown the current one. Once transferred into their new home, I will try to sell the old one. It's in good condition and someone might give me a bit of money for it.

    I also need to do some de-cluttering. Although I class myself as a minimalist, I still think I hoard a lot of stuff. I have to get back into the swing of ebaying.

    Plan of action for February -

    to have 10 NSDs
    to sell 3 things on ebay
    to continue to overpay £200 on mortgage
    to continue to pay £100 off the visa debt
    to continue to make the car loan payment
    to go on holiday as planned without using the visa
    to settle into the new job

    Enough for now.
    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 Park
  • greent
    greent Posts: 10,777 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Whoop - congrats on new job! :j
    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
  • Tahlullah.H
    Tahlullah.H Posts: 1,227 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Thanks greent. It was quick wasn't it? Didn't even get time to start getting anxious about where I will get the money to pay next months bills. I was very fortunate.
    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 Park
  • glass_half_full
    glass_half_full Posts: 659 Forumite
    Ninth Anniversary 500 Posts Name Dropper Debt-free and Proud!
    Congratulations on your new job! Sounds like it was what you wanted. For what its worth I think the podcaster was right about shorter trips, at least initially. Good luck with it all!:beer:
    Aiming to early retire December 31st 2026.
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