Steps to FIRE

77 Posts
Time for a new diary!
Two mortgages to pay off as follows:
Home - mortgage outstanding is £84,999.99 (yes that is deliberate!) with 22 years left to run. House value approx £200k
BTL - mortgage outstanding is £83kish with 18 years to run but is interest only. House value approx £120k. No repayment vehicle in place (yet!)
Need to shift our home mortgage by summer 2021. Looking forward to the challenge!
First challenge is to pay off family loan - £7000 owing.
Two mortgages to pay off as follows:
Home - mortgage outstanding is £84,999.99 (yes that is deliberate!) with 22 years left to run. House value approx £200k
BTL - mortgage outstanding is £83kish with 18 years to run but is interest only. House value approx £120k. No repayment vehicle in place (yet!)
Need to shift our home mortgage by summer 2021. Looking forward to the challenge!
First challenge is to pay off family loan - £7000 owing.
"What we're talking about here is money and the freedom it gives you... freedom from worry and freedom from most forms of BS" MMM
Mortgage 1: [STRIKE]£95,000[/STRIKE] £83,848.23 at 3.1%
Mortgage 2 (BTL): £83, 489.15 at 4.8% (I.O.)
Family loan: [STRIKE]£15,000[/STRIKE] £6,000
Long term savings/investments: FundCirc £100 7.1%, Saver account at 5% £500
Mortgage 1: [STRIKE]£95,000[/STRIKE] £83,848.23 at 3.1%
Mortgage 2 (BTL): £83, 489.15 at 4.8% (I.O.)
Family loan: [STRIKE]£15,000[/STRIKE] £6,000
Long term savings/investments: FundCirc £100 7.1%, Saver account at 5% £500
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Mortgage 1: [STRIKE]£95,000[/STRIKE] £83,848.23 at 3.1%
Mortgage 2 (BTL): £83, 489.15 at 4.8% (I.O.)
Family loan: [STRIKE]£15,000[/STRIKE] £6,000
Long term savings/investments: FundCirc £100 7.1%, Saver account at 5% £500
Ps. This board is already well briefed on FI or FIRE, there are a few of us working towards it :beer:
Mortgage 1: [STRIKE]£95,000[/STRIKE] £83,848.23 at 3.1%
Mortgage 2 (BTL): £83, 489.15 at 4.8% (I.O.)
Family loan: [STRIKE]£15,000[/STRIKE] £6,000
Long term savings/investments: FundCirc £100 7.1%, Saver account at 5% £500
I am not very well read, so looking forward to your mmm inspired posts.
Hope to learn a thing or two!
x
Progress not Perfection