We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Project Mortgage Neutral Begins
Comments
-
Had a small day procedure at the hospital this morning which unfortunately means I need to take the rest fo the day easy which you will gauge from my diary is going to be a tough thing to do. I have saved a few things to watch on the tv, have my car insurance renewal through so I have that to price up as well as my knitting and a book I have been reading for months. It is a glorious day outside so I will do as much of this in the garden as I can and have a few work calls to make this afternoon.
MFW 2025 No. 7 £1931.07/£2700
MFiT-T7 No. 6 £4868.07/£30,0004 -
Hope your feeling ok and take at easy. It's a lovely day for outside and am off to the garden once my washing is finished.Always have 00.00 at the end of your mortgage and one day it will all be 0's :dance:MF[STRIKE] March 2030[/STRIKE] Yes that does say 2030 :eek: Mortgage Free 21.12.18 _party_Now a Part Timer from 27.10.194
-
A_Frayed_Knot said:Hope your feeling ok and take at easy. It's a lovely day for outside and am off to the garden once my washing is finished.I am ok, I should have double checked the guidance before I left the hospital as the patient information leaflet says some are ok to work later that day. I am just trying to be sensible.I am also going to work my way through the many saved links I have on fb.MFW 2025 No. 7 £1931.07/£2700
MFiT-T7 No. 6 £4868.07/£30,0005 -
I have been with the same car insurance company for quite a while because either the renewal quote has been the cheapest or they have matched the quote. This year's quote is nearly £50 more, it will be interesting to see if they will match it but if not I won't be staying! Now to see if I can get cashback too.
MFW 2025 No. 7 £1931.07/£2700
MFiT-T7 No. 6 £4868.07/£30,0004 -
Hope you recover quickly. Glad you were able to get whatever treatment it was you needed. Hope it is sunny for you later.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/253 -
The next mortgage letter has come through for the small mortgage, this is how the term difference looks
01/04/20 £534.17 OP Remaining Term 19 years 1 month30/04/20 £1503.58 OP Remaining Term 13 years 10 months01/05/20 £558.25 OP Remaining Term 11 years 11 monthsLittle do they know my planned remaining term is a maximum of 8 months!!!MFW 2025 No. 7 £1931.07/£2700
MFiT-T7 No. 6 £4868.07/£30,0005 -
Fantastic news.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/254 -
Ooh yes, hopefully your spreadsheet tracks the number of payments left, the amount of interest you have saved against the original term and lets you toggle around with OPsSave £12k in 2025 #2 I am at £10,020.92 out of £6000 after September
OS Grocery Challenge in 2025 I am at £2234.63/£3000 or 74.49% of my annual spend so far (not going to be much of a Christmas at this rate as no spare after 9 months!
I also Reverse Meal Plan on that thread and grow much of our own premium price fruit and veg, joining in on the Grow your own thread
My new diary is here5 -
I am going to try and make the most of being outside today as our temperature is due to drop by 10 degrees tomorrow. I have a few bits in the garden that I would like to do although it is not meant to rain when the temperature drops so I may be ok and it might be easier to work out there. I feel it is a bit of a holding time and am not doing much in the garden as I don't know when I might get the landscaping done but I guess I can move anything I have planted so I might see what I can get to put in. I don't think our garden centres are likely to open to walk in visitors like England and Wales but I know some of the local ones are doing delivery so I will look into that. There is a chain of them nearby that are doing a good deal on delivery although they are working on delivery for June at the moment.
MFW 2025 No. 7 £1931.07/£2700
MFiT-T7 No. 6 £4868.07/£30,0005 -
Brilliant news on the ops aj!NST #10 Steps 7K 2/30 10K 2/12 5 a day 3/30 NSD 0/20
MBNA £55004
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards