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To mortgage neutral and beyond...
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You are doing so incredibly well, though! I have been trying to keep up with your diary and have been amazed by the strides you've made recentlysavingholmes said:Just caught up. I am dreaming of having a mortgage as small as yours... One day
The small mortgage...I am grateful for it! Back in the very dim and distant past I bought out my ex-partner. To be able to keep the house I massively increased my mortgage and gave up practically everything in it (we managed to keep legal wrangling to a minimum but he ended up with the lions share of the contents, I had a futon, oven, fridge freezer and not a lot else. Luckily for me this was in the days before house prices went completely bananas, if it had happened even two years later I wouldn't have been able to get on the property ladder on my own. It's possibly the last sensible financial decision I made in my 20s, and meant that when I moved house the next mortgage was very manageable.Debt-free August 21, Mortgage-neutral April 242 -
Thanks for sharing your story. It's always nice to read others' positive next chapters.
Ex took 2.5 rooms of stuff so could have been worse. He took a lot of books, the TV, all the DVDs. TBH I could have done with him taking more of the decades worth of clutter but he's left that for me to sort. Wonder why!!! There's some treasures though.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 10/10/250 -
I know what you mean about winter days. Feel like I am running up hill all the time.Debt free Feb 2021 🎉1
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Hello 2022!
I've been very internet-lite for the last couple of months. It's been lovely. Lots more time spent going for walks, watching films, and we even managed a real holiday. We'd been deferring and deferring, but the money had been put aside and staying at home was getting seriously old, so we took the plunge and had a proper change of scenery. It's really helped.
Finances are ticking over fine, and the mortgage will crack the £25k to go point next month.
Debt-free August 21, Mortgage-neutral April 242 -
Great to hear you had a holiday!2
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Sub £25k sounds amazing.
Sounds like your time away from MSE has been refreshingAchieve 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 10/10/251 -
Glad you got away. Much needed after the past few years of debt busting and lockdowns!Debt free Feb 2021 🎉2
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