What are your plans?

UK007BullDog

Just wanted to gage what people on here are thinking and planning to do for the next one to two years.

Ben1982

Move on to another property with bigger mortgage

Hopefully overpay my mortgage as much as I can (up to 10% each year) for the next 2 years.... I'll probably switch to a Base Rate tracker mortgage after that (fee free, and no overpayment limit), as I would be looking to start looking at moving on at some point after that.

Dithering_Dad

Start putting money towards a pension

My plans over the next 3 years are to pay off my mortgage and build up my pension pot to £100k. Quite a challenge, but if I achieve it I will have financial security pretty much for the rest of my life. Not bad for just 3 years of effort

livalicious

Buy a property FTB only

Keep an eye on the market and hope to buy our first home at a price we can comfortably afford

Martinslovechild

Currently, none of the things in the poll really apply to me. I'm already paying into various pensions and my mortgage is now cleared.

I suppose I'm waiting for the bottom of the next housing cycle, but I see this as being more than 1 to 2 years away.

I certainly wouldn't look at BTL during the next 2 years - Buy To Lose more like.

UK007BullDog

Start putting money towards a pension

That is a good question. When will the market bottom out? Could be another poll. :-)

UK007BullDog

Start putting money towards a pension

No one seems to want to downsize so far, and be mortgage free. I feel another poll coming on. :rotfl:

reformedEffortMaker_2

Buy a BTL property

uk007bulldog-are you aware you can pick more than one option in your poll-was that intentional?

UK007BullDog

Start putting money towards a pension

Yup! Some people do more than one thing at a time.

reformedEffortMaker_2

Buy a BTL property

UK007BullDog wrote: »

Yup! Some people do more than one thing at a time.

haha...this site must be full of women then!;)

On a more serious note, I dont understand what this poll will achieve, surely the fact that we are all members of MSE shows we all want to either (1) save (2) reduce loans/credit cards/debts (3) pay of mortgage etc etc-or am I missing something?

UK007BullDog

Start putting money towards a pension

Exactly, but some people are here just for the social side of things.

Maybe I should have asked "what big spending plans do you have coming up until Christmas or middle of next year?"

Whops.... I feel another poll coming up. Maybe I do have too much time on my hands but dinner is on the cooker and I do have a few minutes to spare.