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The Case of the Overwhelming Mortgage
Comments
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            I would love to reduce my hours. It would be a challenge financially to achieve wider goals - but would in some ways give me what I'm saving for which is time freedom sooner. It is difficult to know what to do sometimes.Achieve FIRE/Mortgage Neutrality in 2030
 1) MFW Nov 21 £202K now £171.8K Equity 36.37%
 2) £2.6K Net savings after CCs 10/10/25
 3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
 (If took bigger lump sum = 60.35K or 47.6%)
 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 £5K updated 10/10/252
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            I agree. I want financial freedom to do the things I want to do but am I frittering away the years when I’m healthy to do this?2017 - mortgage of £140,000 and interest rate of £10 a day
 Feb 2021 mortgage of £103000
 May 2021 mortgage of £100000
 July 2021 mortgage of £97000
 November 2021 mortgage of £93000
 July 2022 mortgage of £84000
 December 2022 mortgage of £79000
 December 2023 mortgage of £73000
 March 2024 mortgage of £70000
 May 2024 mortgage of £68000
 October 2024 mortgage of £65000
 February 2025 mortgage of £63000
 March 2025 mortgage of £45000 and interest of £6.07 per day1
- 
            I think we have to find a way to have a balance.Achieve FIRE/Mortgage Neutrality in 2030
 1) MFW Nov 21 £202K now £171.8K Equity 36.37%
 2) £2.6K Net savings after CCs 10/10/25
 3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
 (If took bigger lump sum = 60.35K or 47.6%)
 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 £5K updated 10/10/250
- 
            Now at £76000, so below our original mortgage on previous house of £77,000. Now working to get to £70000 which will be 50% of current mortgage. Not doing particularly well on the overpaying front at the moment. Constant battle with living for now and the future.2017 - mortgage of £140,000 and interest rate of £10 a day
 Feb 2021 mortgage of £103000
 May 2021 mortgage of £100000
 July 2021 mortgage of £97000
 November 2021 mortgage of £93000
 July 2022 mortgage of £84000
 December 2022 mortgage of £79000
 December 2023 mortgage of £73000
 March 2024 mortgage of £70000
 May 2024 mortgage of £68000
 October 2024 mortgage of £65000
 February 2025 mortgage of £63000
 March 2025 mortgage of £45000 and interest of £6.07 per day3
- 
            It's a very difficult balance to get right. I read recently that to be happier - I just need to do more of what makes me happy every day... Reaching an arbitary goal doesn't do it - an attitude of gratitude and thanks does help - but so do the little surprised by joy or awe moments we can have if we look.
 My Mum saw my hidden arbour in my garden this week and loved it... The sun shone today after rain most of yesterday and the previous day. The silky water of an outdoor swim. The soft fur of a cat. If you seek you will find.Achieve FIRE/Mortgage Neutrality in 2030
 1) MFW Nov 21 £202K now £171.8K Equity 36.37%
 2) £2.6K Net savings after CCs 10/10/25
 3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
 (If took bigger lump sum = 60.35K or 47.6%)
 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 £5K updated 10/10/251
- 
            Just sneaking into £75000s this month.
 More importantly I have a new job. I think this is going to give me more balance. I can already feel the anxiety melting away.2017 - mortgage of £140,000 and interest rate of £10 a day
 Feb 2021 mortgage of £103000
 May 2021 mortgage of £100000
 July 2021 mortgage of £97000
 November 2021 mortgage of £93000
 July 2022 mortgage of £84000
 December 2022 mortgage of £79000
 December 2023 mortgage of £73000
 March 2024 mortgage of £70000
 May 2024 mortgage of £68000
 October 2024 mortgage of £65000
 February 2025 mortgage of £63000
 March 2025 mortgage of £45000 and interest of £6.07 per day2
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            Congratulations on your new jobAchieve FIRE/Mortgage Neutrality in 2030
 1) MFW Nov 21 £202K now £171.8K Equity 36.37%
 2) £2.6K Net savings after CCs 10/10/25
 3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
 (If took bigger lump sum = 60.35K or 47.6%)
 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 £5K updated 10/10/250
- 
            Thank you… It became more complicated during the week and some of the terms and conditions may not work for me. Negotiating alternative terms and conditions this week. Never simple.
 2017 - mortgage of £140,000 and interest rate of £10 a day
 Feb 2021 mortgage of £103000
 May 2021 mortgage of £100000
 July 2021 mortgage of £97000
 November 2021 mortgage of £93000
 July 2022 mortgage of £84000
 December 2022 mortgage of £79000
 December 2023 mortgage of £73000
 March 2024 mortgage of £70000
 May 2024 mortgage of £68000
 October 2024 mortgage of £65000
 February 2025 mortgage of £63000
 March 2025 mortgage of £45000 and interest of £6.07 per day1
- 
            Have been pricing new cars in case job offer goes ahead as will involve more travel. I bought my last car in 2015. Prices have literally doubled since then. My very first car I bought from my savings. I’m looking at a hefty loan if I buy this one. I feel poorer than I did in my early 20s 🤦♀️2017 - mortgage of £140,000 and interest rate of £10 a day
 Feb 2021 mortgage of £103000
 May 2021 mortgage of £100000
 July 2021 mortgage of £97000
 November 2021 mortgage of £93000
 July 2022 mortgage of £84000
 December 2022 mortgage of £79000
 December 2023 mortgage of £73000
 March 2024 mortgage of £70000
 May 2024 mortgage of £68000
 October 2024 mortgage of £65000
 February 2025 mortgage of £63000
 March 2025 mortgage of £45000 and interest of £6.07 per day2
- 
            It does sometimes feel very swings and roundabouts when it comes to money. Your mortgage seems quite low though so it looks like you are doing well overall.Achieve FIRE/Mortgage Neutrality in 2030
 1) MFW Nov 21 £202K now £171.8K Equity 36.37%
 2) £2.6K Net savings after CCs 10/10/25
 3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
 (If took bigger lump sum = 60.35K or 47.6%)
 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 £5K updated 10/10/250
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