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SLLM (Single Lady Large Mortgage)
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Happy New Year to you all. A quick question for you all. I had a quote for a new fence and 2 tall gates today from a couple of builders I found on fb. The fence will be 6ft high and go across the bottom of the driveway and will include a gate. This would span maybe 3 to 3.5 meters wide. There is also a second tall gate next to the house. They quote £750 and could do the job next week for cash in hand (given me a discount). I cant gage if this is a good price or if they just saw a woman and picked a number out of their hat. If it helps I'm in East Anglia. Does this sound about right?Me, DD1 19, DS 17, DD2 14, Debt Free 04/18, Single Mum since 11/19
Debt £2547.60 / £2547.601 -
I'll play devil's advocate & hope it helps. Either no tax & NI payable or if a business, no business tax or VAT. If you know the materials have a look online to see how much, but 2 gates with hinges & latches won't be cheap. But it is all comparative. It is unusual for any workmen to have time to fit in any work at the moment so did they just have a free day & what are their reviews like. Pay nothing up front!
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Thank you for taking the time to answer. It just isn't quite sitting right with me. Yes reviews look ok but it's their eagerness and like you say free time that is niggling me. Also they kept asking what price I was looking to pay and I kept avoiding that question. Think I might pass.Me, DD1 19, DS 17, DD2 14, Debt Free 04/18, Single Mum since 11/19
Debt £2547.60 / £2547.601 -
If it feels dodgy it probably is. It's a bit like the investment that if it sounds too good to be true it probably is. You would have no bill & no comeback if it fell down a week later.
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Oh @Friday1989 ❤️🩹 get well soon, good that most of the food you bought will keep.Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
Mortgage start date first week of July 2019,
Mortgage term 23yrs(end of June 2042🙇🏽♀️),Target is to pay it off in 10years(by 2030🥳).MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
£12K in 2021 #54 (in 2020 #148)
MFiT-T6#27
To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
Am a single mom of 4.Do not wait to buy a property, Buy a property and wait. 🤓1 -
@slm6002, I had that problem with one builder when I was looking for quotes for the extension. They really pressed on how much I wanted to spend? They were also ready to start! I kept on arguing that what I want to spend is not relevant as once I get a quote I can then get the real cost! Why does it seem like someone will charge you according to what you have in the bank? What I want to spend might not even be realistic! All I will do as a homeowner is do it if affordable or not do it if it’s not!If you are not feeling settled about using them for your fence better wait? BUT as £750 is not into it’s thousands you might also choose to risk it per adventure/surprisingly they do the job reasonably well? Builders do come across to me as crafty/dodgy most of the time 🤷♀️ Even when they look trustworthy they can still turn out to be terrible at their work! Just a thought.Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
Mortgage start date first week of July 2019,
Mortgage term 23yrs(end of June 2042🙇🏽♀️),Target is to pay it off in 10years(by 2030🥳).MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
£12K in 2021 #54 (in 2020 #148)
MFiT-T6#27
To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
Am a single mom of 4.Do not wait to buy a property, Buy a property and wait. 🤓1 -
Just a mortgage update
Interest has now been added balance was
Now 🤨
Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
Mortgage start date first week of July 2019,
Mortgage term 23yrs(end of June 2042🙇🏽♀️),Target is to pay it off in 10years(by 2030🥳).MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
£12K in 2021 #54 (in 2020 #148)
MFiT-T6#27
To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
Am a single mom of 4.Do not wait to buy a property, Buy a property and wait. 🤓1 -
Friday ,- sorry for positive test. Hope you recover quickly. I had to cancel my planned entertaining too when family tested positive.
SLM I would ask for recommendations and wait...Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.8K updated 29/7/252 -
Mine too, I think... I really don't understand how they do their calculations or what it all means. I just want numbers down!Sistergold said:Just a mortgage update
Interest has now been addedMortgage at 30: £204,750 (08/2020)
Current mortgage: £145,448 (11/2024)
Goal: £145,000 by 02/2025
End goal: Mortgage free asap!0 -
Thanks. Sorry to hear covid ruined your plans too. Hope you and your family are all well nowsavingholmes said:Friday ,- sorry for positive test. Hope you recover quickly. I had to cancel my planned entertaining too when family tested positive.
SLM I would ask for recommendations and wait...Mortgage at 30: £204,750 (08/2020)
Current mortgage: £145,448 (11/2024)
Goal: £145,000 by 02/2025
End goal: Mortgage free asap!0
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