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New life, same goal! Pursey’s quest to be mortgage free.
Comments
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Great news on the new contract Hopefully that will help.
Is your CC on 0%? Can you transfer it? Get a 0% spends card if you really need it (best avoided)?
I hate paying interest with a passion.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
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 13/9/251 -
Thanks Saving Holmes
Thankfully, we pay it off every month now, but that’ll mean we will be wiped out this month
Will be paid for a couple of hours work tomorrow, which will help, but YNAB is making me painfully aware of just how many things we need to pay for. This’ll only get worse with the cost of living increase too.
Have been looking at ‘heat the person’ tips recently and think that might be one way to go over this winter. I feel blessed that we aren’t in as bad a position as many. Definitely need to tighten my belt though. Overpaid a bit more today, so mortgage 2 is £213999.99.2 -
Can you try and reduce your spend and reduce use of CC at all? Would meal planning help?Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
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 13/9/250 -
New mortgage amounts as of today are:
Mortgage 1: £ 209999.99
Mortgage 2: £ 70157.54
Total: £ 280157.531 -
Mortgages are at:
M 1: £208999.99
M 2: £69934.70
Total: £278934.69
0 -
Mortgages are now at:
M1 = £205999.99
M2 = £70000 (due to remortgaging this has gone up slightly)
Total = £275999.990 -
Made an overpayment to both accounts today.
Mortgage 1 - £185249.42
Mortgage 2 - £63000
Total - £ 248249.420 -
Another overpayment today and normal mortgage payment made yesterday:Mortgage 1 - £166040.69
Mortgage 2 - £63000
Total - £229040.691 -
Now:
Mortgage 1: £164400.67
Mortgage 2: £63000
Total: £227400.670 -
Mortgage 1:
£161933.54
Mortgage 2:
£63000
Total:
£224933.540
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