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SLLM (Single Lady Large Mortgage)

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  • Sistergold
    Sistergold Posts: 2,136 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 24 November 2021 at 2:25PM
    @savingholmes

    Well my decree absolute went through Monday and my new mortgage of £202K went through today. So my new journey to mortgage freedom in 22 years or less has begun.
    Oh how time flys! Oh now you can really say you are on a whole new exciting journey! Decree absolute ✅. New mortgage ☑️! Congratulations you are now truly a SLLM! 💪🏾🎉🥳💋
    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. 🤓
  • Sistergold
    Sistergold Posts: 2,136 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    badmemory said:
     So let's all keep our fingers crossed that the WD40 spray makes this boiler last until 16th December!
    Keeping my fingers crossed for you that the boiler does not pack up before then! 
    Yes a big house and being in London makes everything really expensive! The only time it makes sense is when I can do something for myself! 
    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. 🤓
  • badmemory
    badmemory Posts: 9,745 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    Whoops - boiler already packed in - I have had better days.
  • Sistergold
    Sistergold Posts: 2,136 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    badmemory said:
    Whoops - boiler already packed in - I have had better days.
    OH! 🥶 16th December is way to go in winter without a boiler! Can they not treat it as an emergency and come sooner? 
    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. 🤓
  • badmemory
    badmemory Posts: 9,745 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    Tomorrow would you believe!  He said he would try to shuffle the jobs he had but I never thought he would be doing it tomorrow.  I am not going to think about whether me saying cash had anything to do with it.  I will be so glad to get rid of this old boiler.  It was condemned when only a year old & I needed all new gas pipes in the house, as for the guy who fitted it, well I wouldn't allow him over the threshhold, gas safe my eye.  Gas safe then just meant you can afford to buy it, I don't know if it is any better now but I hope so for everybodies sake.
  • badmemory
    badmemory Posts: 9,745 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    Luckily my "friend" that I am holding a couple of k for is happy for me to use that money to pay (he owes me half of what I hold anyway).  I have a hair appointment tomorrow pm so I'm just keeping my fingers crossed, at my age you do not want the colour to grow out!
  • Sistergold
    Sistergold Posts: 2,136 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Wow @badmemory, you are the luckiest girl I know! Yes cash can move mountains if said at the right time! At least you don’t have to worry about the boiler after this! 
    Lucky you had the money to hand! Xx
    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. 🤓
  • badmemory
    badmemory Posts: 9,745 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    I am so lucky.  I wouldn't normally have anything like this much cash & only do because my friend is moving house & is having lots of people in & out, so I am holding it for him.  He has given me permission in case anyone is wondering.  So fingers crossed it all goes to plan tomorrow - I'll be back!
  • Sistergold
    Sistergold Posts: 2,136 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    @badmemory, we trust you with money my dear! 🥰
    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. 🤓
  • savingholmes
    savingholmes Posts: 28,989 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks @Sistergold
    Great news @badmemory that it's getting done tomorrow. That's a fab turnaround.

    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 29/7/25
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