Ruby's Bought a House, Now I want to Own It!

South_coast

Much better to be earning interest than paying it 😀

Squirrelz92

Most definitely is. I am curious with you mentioning you are paying £350 into your LISA... you obviously have a mortgage so are no longer a firs time buyer. I am about to complete on my first house using my LISA on Monday but does that mean that once again I can open another LISA but for my pension? Exciting times if so!!!

ruby_eskimo

Squirrelz92 said:

Most definitely is. I am curious with you mentioning you are paying £350 into your LISA... you obviously have a mortgage so are no longer a firs time buyer. I am about to complete on my first house using my LISA on Monday but does that mean that once again I can open another LISA but for my pension? Exciting times if so!!!

Thanks for stopping by and congratulations on buying your first home!  I didn't have a LISA to help with our purchase but I believe that as long as you're under 39 then you can also open a LISA for retirement too. The added bonus is definitely attractive to help saving towards retirement, and would probably mean that I'd be able to drop my hours at 60 as my retirement age is currently set at 68 and I don't fancy working full time till then!

ruby_eskimo

South_coast said:

Much better to be earning interest than paying it 😀

Definitely!  although the interest rate could be better

Squirrelz92

ruby_eskimo said:

Squirrelz92 said:

Most definitely is. I am curious with you mentioning you are paying £350 into your LISA... you obviously have a mortgage so are no longer a firs time buyer. I am about to complete on my first house using my LISA on Monday but does that mean that once again I can open another LISA but for my pension? Exciting times if so!!!

Thanks for stopping by and congratulations on buying your first home!  I didn't have a LISA to help with our purchase but I believe that as long as you're under 39 then you can also open a LISA for retirement too. The added bonus is definitely attractive to help saving towards retirement, and would probably mean that I'd be able to drop my hours at 60 as my retirement age is currently set at 68 and I don't fancy working full time till then!

Aaaah that's interesting! You didn't use a LISA to buy your home so i wonder if a person is able to open two in their lifetime when once has closed down after being used (my house purchase for instance). The bonus is sooo great! You can't complain being given a free £1000 for saving £4k a year! It makes all the difference though to retirement age if you have a good pension behind you!

ruby_eskimo

Squirrelz92 said:

ruby_eskimo said:

Squirrelz92 said:

Most definitely is. I am curious with you mentioning you are paying £350 into your LISA... you obviously have a mortgage so are no longer a firs time buyer. I am about to complete on my first house using my LISA on Monday but does that mean that once again I can open another LISA but for my pension? Exciting times if so!!!

Thanks for stopping by and congratulations on buying your first home!  I didn't have a LISA to help with our purchase but I believe that as long as you're under 39 then you can also open a LISA for retirement too. The added bonus is definitely attractive to help saving towards retirement, and would probably mean that I'd be able to drop my hours at 60 as my retirement age is currently set at 68 and I don't fancy working full time till then!

Aaaah that's interesting! You didn't use a LISA to buy your home so i wonder if a person is able to open two in their lifetime when once has closed down after being used (my house purchase for instance). The bonus is sooo great! You can't complain being given a free £1000 for saving £4k a year! It makes all the difference though to retirement age if you have a good pension behind you!

I would talk to your LISA provider and see if you can open a second one.  I don't really see why not as you'll be closing the first one down and therefore won't actually have one.  But then again these are "strange times" so who knows!

ruby_eskimo

Morning all!  Had a lovely weekend catching up with the in-laws.  Saw sister in law for lunch on Saturday which I was really anxious about but it wasn't too bad.  Went to the local pizza express and they handled everything really well.  The yesterday spent the day at the MIL's new caravan in Kent.  Weather was lovely, they made a really nice BBQ and we just chatted and chilled out for a few hours.  

Waiting for the mortgage payment to clear today so I can do a proper update of where we are but had £350 added to the LISA today so think I'm on track for maxing that out this year *fingers crossed*.

ruby_eskimo

Just popping in on a little break from writing e-learning content to say that I got a notification from EE that my mobile contract was up for renewal now.  I've had a SIM only plan for a few years so took a look and managed to get the exact same deal for £7 less a month!  Feeling quite proud of myself for literally just pressing a button and saving myself £84 a year.

South_coast

Great work on the saving - always lovely when they find you instead of the other way round!

ruby_eskimo

South_coast said:

Great work on the saving - always lovely when they find you instead of the other way round!

Thanks, I had to check it a few times to make sure I was getting the same because it seemed a little too good to be true really!