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Powers’s mortgage free thread
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It's good to keep a list - I'm scared by the answers when I do mine...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 29/7/251 -
Quick money news:
Saturday was quite spendy
Baby shower craft £19
food £16
bus fare £2
chemist £8.50
ive managed to not spend anything since! I’ve got £34 left in my current account. It’s Ts birthday on Saturday, I don’t have to do a present as we are going away next week but I will probably treat him over the weekend. I’m not going to spend more than £34 before I get paid on Thursday.Joint account, I’ve redirected the payments that don’t come out in feb and March, £100 to extension pot, £50 to quick access savings and £35 towards mortgage. Joint pot is looking healthy as we haven’t really done a big shop since Xmas.A money win is that I did a bank recharge for some of the train tickets from my trip last year. I’ve had a dispute open with the French train company since august and it wasn’t going anywhere. Hsbc did the recharge in a day and I had £757 in my account! Not my money but a weight off my shoulders.Plan today is essay writing and running club later. It’s another cold but beautiful morning 🌅 🧊MFW 2021 #76 £5,145
MFW 2022 #27 £5,300
MFW 2023 #27 £2,000
MFW 2024 #27 £6,055
MFW 2025 #27 £2,850/£5,0002 -
Nice win on the rechargeAchieve 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 -
Managed a no spend weekend and a meat free Sunday 🥦
T has a good birthday, cake for breakfast and a long bike ride in the Peak District, chilly but pretty ❄️ 🚲. Today has been a chilling and jobs kid of day, with a few is walk this pm.MFW 2021 #76 £5,145
MFW 2022 #27 £5,300
MFW 2023 #27 £2,000
MFW 2024 #27 £6,055
MFW 2025 #27 £2,850/£5,0002 -
Meat free Monday 🥦MFW 2021 #76 £5,145
MFW 2022 #27 £5,300
MFW 2023 #27 £2,000
MFW 2024 #27 £6,055
MFW 2025 #27 £2,850/£5,0001 -
Glad you had an enjoyable weekend. Very cold to be out cycling.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 -
Regular OP of £110
no council tax or water this month so £45 OP and £150 in house savings
Refund of £25 redirected to mortgage
total OPs for Feb £170 😃MFW 2021 #76 £5,145
MFW 2022 #27 £5,300
MFW 2023 #27 £2,000
MFW 2024 #27 £6,055
MFW 2025 #27 £2,850/£5,0001 -
Woohooo mortgage now under £100k!! £99,909 to be precise 😁😁😁😁😁
based on current house prices I’m going to say we own half our home 🏡 ❤️Fuller update to come 😀MFW 2021 #76 £5,145
MFW 2022 #27 £5,300
MFW 2023 #27 £2,000
MFW 2024 #27 £6,055
MFW 2025 #27 £2,850/£5,0004 -
That's amazing, congratulations!2
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Excellent work, well done you 😀!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
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