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Powers’s mortgage free thread

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Comments

  • South_coast
    South_coast Posts: 6,688 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    I think it’s going to be a perpetual balance between mortgage/house/living life. I don’t want any of them to disappear! 
    Surely you want the mortgage to disappear 😀?
    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!!!
  • powerspowers
    powerspowers Posts: 1,412 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Good point @South_coast!! I do want it to disappear but that’s not going to happen if it disappears from my goals! 
    MFW 2021 #76 £5,145
    MFW 2022 #27 £5,300 
    MFW 2023 #27 £2,000
    MFW 2024 #27 £6,055
    MFW 2025 #27 £5,075
    MFW 2026 #29 £650 / £1000
  • Good luck with the restructure. I’ve been there and it wasn’t fun but it sounds like you are in a better position.
    2017 - mortgage of £140,000 and interest rate of £10 a day
    Feb 2021 £103000
    November 2021 £93000
    December 2022 £79000
    December 2023 £73000
    March 2024 £70000
    May 2024 £68000
    October 2024 £65000
    February 2025 £63000
    March 2025 £45000, interest of £6.07 per day
    November 2025 £41000, interest of £5.62 per day
    March 2026 £38000, interest of £5.22 per day
    July 2026 mortgage of £34,000 and interest of £4.97 per day
  • kaycastle
    kaycastle Posts: 449 Forumite
    Ninth Anniversary 100 Posts Name Dropper Photogenic
    Good luck on the new role!

    Mortgage free diary: A new chapter for Kaycastle
  • powerspowers
    powerspowers Posts: 1,412 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Sunday night spends
    £10.75 friend London marathon fundraiser
    £21 10k entry - also paid for T and he paid £20 to mortgage instead of paying me back
     
    We’ve had a really productive weekend, sorted small boys room and took loads of stuff out of storage. There’s mostly tools and firewood in there now, both of which could be sorted with a bit of a push. Luckily the storage isn’t costing us anything otherwise I think we would have had a more concerted effort! 

    MFW 2021 #76 £5,145
    MFW 2022 #27 £5,300 
    MFW 2023 #27 £2,000
    MFW 2024 #27 £6,055
    MFW 2025 #27 £5,075
    MFW 2026 #29 £650 / £1000
  • powerspowers
    powerspowers Posts: 1,412 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Also, had been selected for an ONS survey which I completed today so should get a £10 voucher by email. 
    MFW 2021 #76 £5,145
    MFW 2022 #27 £5,300 
    MFW 2023 #27 £2,000
    MFW 2024 #27 £6,055
    MFW 2025 #27 £5,075
    MFW 2026 #29 £650 / £1000
  • Orangetoes
    Orangetoes Posts: 361 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Sounding organised!! 👏
  • powerspowers
    powerspowers Posts: 1,412 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Thanks @Orangetoes, it doesn’t look organised yet but we’ll get there
    MFW 2021 #76 £5,145
    MFW 2022 #27 £5,300 
    MFW 2023 #27 £2,000
    MFW 2024 #27 £6,055
    MFW 2025 #27 £5,075
    MFW 2026 #29 £650 / £1000
  • powerspowers
    powerspowers Posts: 1,412 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Thanks @AgathaSquirreland @kaycastle, we’ve had all the paperwork now and 30days consultation. I want to start pulling things together for my application and interview 
    MFW 2021 #76 £5,145
    MFW 2022 #27 £5,300 
    MFW 2023 #27 £2,000
    MFW 2024 #27 £6,055
    MFW 2025 #27 £5,075
    MFW 2026 #29 £650 / £1000
  • powerspowers
    powerspowers Posts: 1,412 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Good purchase today- patio for £50 off FB! We are not in a position to lay it this year so it’s currently leaning up outside but that’s saved us £600 or so. I do wonder why I paid to go to the gym yesterday when I could just hoik slabs around after work 🥱
    MFW 2021 #76 £5,145
    MFW 2022 #27 £5,300 
    MFW 2023 #27 £2,000
    MFW 2024 #27 £6,055
    MFW 2025 #27 £5,075
    MFW 2026 #29 £650 / £1000
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