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The first hurdle - Nichelette v the huge mortgage
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Don't do yourself down MFD's - leggings were chic 26 years ago 🤣!Mortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!2 -
What, are they not now?!?South_coast said:Don't do yourself down MFD's - leggings were chic 26 years ago 🤣!
So I could get the jeans on, but they were a funny fit. They were baggy on the leg (and mine aren't like sticks or anything), dug in a bit at the waist, and didn't have much stretch in the band bit so it sort of defeated the point. Sadly they will be going back and I'll continue to mooch about in my fashionable leggings for now
Yesterday I did the re-mortgage thingy which was actually really easy. I think I'm going to draw everything together and start a new diary for round 2!Finally bought a homeStarting mortgage £289,500 31.01.19 - Current outstanding £192,586.98/CENTER]Overpayments since 27.03.19: £52,407.473 -
Great news re the mortgage and the scan coming out well.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
(If took bigger lump sum = 53.3K or 41.8%)
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 £4.8K updated 29/7/250 -
How are things? Hope you are okay?Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
(If took bigger lump sum = 53.3K or 41.8%)
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 £4.8K updated 29/7/252 -
Hi Saving, I am good thanks! I started a new diary for attack phase 2 and promptly posted absolutely nothing because we've not really done a great deal for the last couple of months! Anyway, I'm back on the wagon and will post a proper update on it here: https://forums.moneysavingexpert.com/discussion/6204885/the-second-hurdle-nichelette-v-the-huge-mortgage#latestFinally bought a homeStarting mortgage £289,500 31.01.19 - Current outstanding £192,586.98/CENTER]Overpayments since 27.03.19: £52,407.471
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