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Ninety months to pay off mortgage - or as near as dammit!
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I was marvelling at the amount of mushrooms growing in my lawn today - my neighbour says she only has weeds in hers... if only they were edible! But I am with Savingholmes just embrace the good you are doing for the environmentbeanielou said:Whispers.
I just have weeds.
Mortgage OP 2025 £6750/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £35,463
Declutter 12/244
Money making challenge £58/400
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)2 -
I got an email today from my mortgage company reminding me that I can only overpay by 10%, I was so flattered they thought this might be an issue😂Mortgage OP 2025 £6750/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £35,463
Declutter 12/244
Money making challenge £58/400
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)2 -
If only
I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.2 -
skint_spice said:I got an email today from my mortgage company reminding me that I can only overpay by 10%, I was so flattered they thought this might be an issue😂
Given I'd have to pay around £20K for it to be an issue I'd be flattered too. I said to the guy on the phone when I made my first OP - that at around £20-50 I was a long way away from it being an issuebeanielou said:If only 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 -
Mine is a lot less but still double what I think I am likely to overpay 😂savingholmes said:skint_spice said:I got an email today from my mortgage company reminding me that I can only overpay by 10%, I was so flattered they thought this might be an issue😂
Given I'd have to pay around £20K for it to be an issue I'd be flattered too. I said to the guy on the phone when I made my first OP - that at around £20-50 I was a long way away from it being an issuebeanielou said:If onlyMortgage OP 2025 £6750/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £35,463
Declutter 12/244
Money making challenge £58/400
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)2 -
You never know when a windfall will arrive. I plan to put mine into AVCs.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 29/7/252 -
I don't see any windfalls arriving for me SH, lovely idea though but I shall keep plodding none the less...
Another month off the mortgage (ok it won't officially come off until tuesday)!
This weekend I have been learning about reiki and today I am having a day on the sofa with the cat as it's what my body needs right now. I am becoming obsessed with doing things and I think I need a rest and some time to recharge, I felt awful on wednesday and thursday and due to the fact I don't get sick pay I had to plough on regardless, there is nothing I NEED to do today so I'm taking advantage of this fact.Mortgage OP 2025 £6750/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £35,463
Declutter 12/244
Money making challenge £58/400
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)1 -
I like reiki.I have 1 & 2.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.2 -
Glad you listened to your body and were kind to yourself. It's a great habit.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 29/7/252 -
Well this week has been a mixed bag - sick cat leading to unpaid time off and a huge bill, lovely day out with a friend at the van gogh exhibition in Edinburgh and a date with a possible new man...
So I reckon that in June I will need to find an extra £200, I could do this by working extra shifts but as previously mentioned I am shattered so my aim for May is to spend less of my shopping budget which is hard going considering rising prices but I have some vouchers to use and still lots in the freezer. It will also be the month I revisit online selling. I promise!
I could reduce my £300 overpayment but this will be last resort.Mortgage OP 2025 £6750/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £35,463
Declutter 12/244
Money making challenge £58/400
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)3
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