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<<<out of cheese error>>>
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I'm enjoying having full savings, but apparently they'll be required to buy a new house with...3
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well, M-Day is here, and the interest rate went from 1.49% fixed to 6.99% variable so a sensible decision to clear the loan, rather than sit on the 3.5% savings.
Shuffling money to clear the last few thousand by the morning - meant to shift some cash in advance yesterday so I didn't hit the transfer limits but forgot.
We have been mortgage neutral for ages but for the first time it feels giddily like we own the whole house.
The odd bit is that we haven't the foggiest what happens now - land registry etc.My mortgage free diary: https://forums.moneysavingexpert.com/discussion/6498069/whoops-here-comes-the-cheese
GNU Mr Redo5 -
Good decision well done 🥳🥂I get knocked down but I get up again (Chumbawamba, Tubthumping)3
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Great. Your decision makes sense. What a jump.
If you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them
Emergency fund 100/1000
Buffer fund 0/100
Debt Free (again) 25/0720253 -
Congratulations.3
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Fabulous, well done. I ‘think’ deeds are all stored electronically now.Not all who wander are lost - J.R.R.Tolkien
🌊 A smooth sea never made a skilled sailor 🌊
My WW and friends diary is here 😁 …
https://forums.moneysavingexpert.com/discussion/6259606/must-try-harder/p13 -
Ouch at the shift in interest rates but yaay at you owning your own home 😊❤️🎉
Is that all your savings wiped out or do you still have some buffer?
KKAs at 15.07.25:
- When bought house £315,995 mortgage debt and end date at start = October 2039 - now £233,521
- OPs to mortgage = £11,338 Interest saved £5225 to date
Fixed rate 3.85% ends January 2030
Read 40 books of target 52 in 2025, as @ 29th July
Produce tracker: £243 of £300 in 2025
Watch your thoughts, they become your words.
Watch your words, they become your actions.Watch your actions, they become your reality.1 -
Your lender will deal with the discharge at pand registry, some are sneakily asking for £££ for an updated copy of the title - if yours does once they've confirmed discharge pay the land registry £3 for a copy of the register.4
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Thanks everyone, especially @peb that was really helpful.@KajiKita yes we still have a good buffer of savings. I've cancelled the mortgage DD and will set up a standing order for the same amount into savings I think
today, in between gardening, I have mostly patted the house and smiled because it is now truly ours.My mortgage free diary: https://forums.moneysavingexpert.com/discussion/6498069/whoops-here-comes-the-cheese
GNU Mr Redo4 -
Awww ….. that is soooo lovely 🥰
KKAs at 15.07.25:
- When bought house £315,995 mortgage debt and end date at start = October 2039 - now £233,521
- OPs to mortgage = £11,338 Interest saved £5225 to date
Fixed rate 3.85% ends January 2030
Read 40 books of target 52 in 2025, as @ 29th July
Produce tracker: £243 of £300 in 2025
Watch your thoughts, they become your words.
Watch your words, they become your actions.Watch your actions, they become your reality.2
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