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Prosperous soul in the making

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  • Grogged
    Grogged Posts: 866 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    Thanks @savingholmes,
    I think I have a new favourite word of the month "pantsing"! 😆
    If it's not adding up, compound it!
  • MovingForwards
    MovingForwards Posts: 17,150 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    How much for the hearing aid 😯 
    Slipper socks are so comfy and cosy!
    Mortgage started 2020, aiming to clear 31/12/2029.
  • SandyShores
    SandyShores Posts: 1,983 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    edited 8 January 2021 at 9:09AM

    @SandyShores presumably if the worst came to the worst - you could downsize - so you also have other options you could explore if you needed to.
    Hi savingholmes, I missed your response in December (I thought the @ was supposed to notify us - I'll have to check my settings).  Yes, downsizing is one of the options I have thought about, just in case - or even if we just wanted to move somewhere smaller/different.  The house is a bit oversized for two, but we're glad of the room in lockdown, we didn't expect to be more than two again (or wfh).

    Thanks for the pointer re. pension drawdown as well, we need to take some advice on that.  I would like to keep the pension where it is if possible, but I'd like to know exactly what would be available to us e.g. if we needed a lump sum to bring down the LTV when we remortgage.  At the moment my plan is to pay off the mortgage asap, but I am warming to the idea of mortgage neutral.  

    I was just reading about your draughty windows too.  I think sometimes over the years they sag slightly (don't we all) and a bit of adjusting could help whilst you save for your new ones.  If you can't do it yourselves you might be able to find a local repairer.  Warm curtains, linings or an additional roman blind could help too.  (I've lived with a lot of draughty windows :smile:).
    "Think of many things, do one"
    Mortgage 30 Aug'25 est. £209,500 £309,749 2020 (current ends 2038)
    Seven Goals; 12.5lbs lost in 4 months (5.5lbs to go); walk/run/exercising/weights/yoga 

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