Diary Mortgage Free Road To Change My Life

A_Frayed_Knot

Hi Lil,

Missing your updates and chat. Hope everything's OK

Watty1

hope all is well with you

A_Frayed_Knot

Lil you have been very quiet for a while now, hope everything's ok on your side. ??

Luckyinlife

Hey guys its been a while 6 months infact :[

Where have i been i started a small business on the side of my main income which did was profitable but does take a good 20 hours out of me a week

I spent the summer and 3k out the back built a koi pond
slabbed/ build walls and concreted 2 huge sections over 25ton of concrete

mortgage is now at around 60,500 :] i haven't over payed monthly but increased my emergency fund to 23k

so you could say my mortgage could be 50k if i wanted to pay a lump sum off and still have a good EF on the side :]

Financial Plans for 2017

• mortgage under 55k ideally 52k :]
• work hard at my 2 business
• Keep adding to EF as i can

I went to see about a buy to let yesterday but they want a 25% deposit and this would suck up most of my EF which would scare me to much so im not going to bother with that

I hope you guys have smashed your goals i need to catch up with you lot :]

EatingTheElephant

Good to see you back LiL, mortgage and EF figures look great.

Watty1

good to see you back

SuperSecretSquirrel

Glad you're back LIL, was getting a little worried! Looks like you've been making good use of your time, I'm looking forward to more updates

A_Frayed_Knot

Nice to hear all's well and your busy, busy, busy.

Garden must be coming on a treat, hope little Lil likes it. And you are nearing your target of that £60,000 :jFiregirl will be opening that bottle of fizz - very soon:D


Oh, and by the way, if your looking to do something with your EF - my mortgage needs clearing :rotfl::rotfl:

Edit - Like my new signature 000.00 ?

Luckyinlife

Thanks guys such a nice bunch of people :]

Garden is 80% done now got a week or 2 in the summer and will be sorted :]
Ya i could OP to get under the 60k mark but i enjoy just chipping away at it... also i am at around 55% ltv i think now and i need to get a new package end of this year

Id love to afk if i can have 50% of the value to your house how much it worth now ? whats the ltv hehe u have ?

I love the sig hehe :] we would be lose without the debt come on haha

A_Frayed_Knot

Luckyinlife wrote: »

Thanks guys such a nice bunch of people :]
Id love to afk if i can have 50% of the value to your house how much it worth now ? whats the ltv hehe u have ?

:rotfl: Think you're in Dragon's Den ???


I was thinking more like 10% in exchange for an investment of £22,000. :rotfl: