Paying off mortgage before 55 when single

A_Frayed_Knot

Dalradian wrote: »

Just received confirmation of my new mortgage balance and have updated my signature.....i know this will make cetain people twitch.... balance is £80,172.92.

What ?? Who (twitch) do you (twitch) mean (twitch, twitch) :rotfl:
So near the 79's :T Well done :beer:

Dalradian

Booked a break on the west coast of scotland, looking forward to dodging midges and (hopefully) seeing puffins

Dalradian

Hac a bit of a spendthrift time whilst away soaking up the sun on holiday, but was worth it! Since that will hit my credit card next month, i have made an overpayment to take my balance down to £78,000 on the nose.

A_Frayed_Knot

We all deserve a break now and then glad you got the excellent weather

OCD :eek: it's catching great figure on the nose :rotfl: £78000 :j

Dandytf

Paying off mortgage before 55 when single

This is possible as i'm considering 10 yrs fix next year which would finish when i'm 54.

Depending on interest rates 3 mths before Aug 17.

Dalradian

down below the £70,000!

PrincessLou

Woohoo! :j:T Great work! Bet it feels amazing to break another 10k barrier :j

A_Frayed_Knot

:j Well done, so in 4 and half years, you have managed to half your mortgage :dance::D :dance:

so, does that mean only another 4 and a half years to go . . . . . . :eek:

Dalradian

would like to be shot of it before 50 - that means I can bring forward my financial independence from 55 to maybe 52?

Dalradian

I am planning some needed work on the house to freshen it up - I haven't spent anything for 5 years on decorating the main rooms, and goodness how long they were left with previous owner, plus go on holiday.

All manageable although means over-payments will likely be on hold for a while so pushed my self to get below the £70k barrier. Seeing how far I have come in a few years i am pretty positive. My annual payrise helps - all earmarked to go into savings one way or the other.