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Tired of making excuses!
Time_we_got_it_right
Posts: 1 Newbie
Well, the time has finally come to look our mortgage in the eye and tackle it head on. The interest only mortgage was £132,500 five years ago and we have reduced it now to £122,750. We are fortunate enough to now be working abroad with a good salary, thankfully, as our intention is to pay off reasonable chunks each month. This opportunity is available to us for only a few years, so best crack on!
We have lived our lives in the present and not really looked too far ahead, until now... in our early 50‘s, when we know we have no choice. We ignored the chance we had of increasing our payments when the lower interest rates came into force and took the kids on nice holidays instead!
We have £22,000 in ISA,s and £75,000 equity in our btl, so we have managed to do SOME things right!
It is now time to turn things around, grasp the bull by the horns and build on the satisfaction of doing what we should have started years ago!
We have lived our lives in the present and not really looked too far ahead, until now... in our early 50‘s, when we know we have no choice. We ignored the chance we had of increasing our payments when the lower interest rates came into force and took the kids on nice holidays instead!
We have £22,000 in ISA,s and £75,000 equity in our btl, so we have managed to do SOME things right!
It is now time to turn things around, grasp the bull by the horns and build on the satisfaction of doing what we should have started years ago!
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