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Ninety months to pay off mortgage - or as near as dammit!
Comments
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Also sending π€π€π€πππ too.
KKAs at 15.09.25:
- When bought house Β£315,995 mortgage debt and end date at start = October 2039 - now Β£230,969
- OPs to mortgage = Β£12,345 Estd. interest saved = Β£5,863 to date
Fixed rate 3.85% ends October 2030
Read 58 books of target 52 in 2025, as @ 12th OctoberΒ
Produce tracker: Β£426 of Β£300 in 2025
Watch your thoughts, they become your words.
Watch your words, they become your actions.ΒWatch your actions, they become your reality.Β2 -
All the best. Hope this week is better.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 Β£202K now Β£171.8K Equity 36.37%
2) Β£2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC Β£27.9K + Lump Sums DB Β£4.6K + (25% of SIPP 1.25K) = 34/Β£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target Β£17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum Β£15.8/30K 52.67%)
5) SIPP Β£5K updated 10/10/252 -
Thanks SH, it has been better so farβ¦.
Just trying to find my way around the new forum this evening, seems ok so far.Mortgage OP 2025 Β£7050/7000Mortgage OP 2024 Β£7700/7000
Mortgage balance: Β£34,965
Money making challenge Β£78/400
βDo what others wonβt early in life so you can do what others canβt later in lifeβ (stolen from Gally Girl)2 -
Ok so I have just activated the cc, hopefully the transfer will go through today, I will pay the remaining off when it happens.
Got the agency job so there will be lots of online training heading my wayπ« good news on job but I know itβs going to be a pain getting started, also have training to do for main job so busy, busy, busyβ¦Mortgage OP 2025 Β£7050/7000Mortgage OP 2024 Β£7700/7000
Mortgage balance: Β£34,965
Money making challenge Β£78/400
βDo what others wonβt early in life so you can do what others canβt later in lifeβ (stolen from Gally Girl)2 -
Busy is good as you can't spend moneyΒ
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.3 -
Very true πππbeanielou said:Busy is good as you can't spend moneyΒMortgage OP 2025 Β£7050/7000Mortgage OP 2024 Β£7700/7000
Mortgage balance: Β£34,965
Money making challenge Β£78/400
βDo what others wonβt early in life so you can do what others canβt later in lifeβ (stolen from Gally Girl)1 -
Got out with DS for a quick lunch and catch up but apart from that itβs been an online training frenzyπ±Chilling now with the sewing bee before an early night as working the weekend.Mortgage OP 2025 Β£7050/7000Mortgage OP 2024 Β£7700/7000
Mortgage balance: Β£34,965
Money making challenge Β£78/400
βDo what others wonβt early in life so you can do what others canβt later in lifeβ (stolen from Gally Girl)2 -
Congrats on the agency work. Presumably this is to speed your escape plan... ?Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 Β£202K now Β£171.8K Equity 36.37%
2) Β£2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC Β£27.9K + Lump Sums DB Β£4.6K + (25% of SIPP 1.25K) = 34/Β£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target Β£17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum Β£15.8/30K 52.67%)
5) SIPP Β£5K updated 10/10/252 -
My plan is to get rid of the mortgage asap (five year ish) and then just rely on my private pension and take agency work when it suits me.Βsavingholmes said:Congrats on the agency work. Presumably this is to speed your escape plan... ?Mortgage OP 2025 Β£7050/7000Mortgage OP 2024 Β£7700/7000
Mortgage balance: Β£34,965
Money making challenge Β£78/400
βDo what others wonβt early in life so you can do what others canβt later in lifeβ (stolen from Gally Girl)2 -
Well done for staying on plan.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 Β£202K now Β£171.8K Equity 36.37%
2) Β£2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC Β£27.9K + Lump Sums DB Β£4.6K + (25% of SIPP 1.25K) = 34/Β£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target Β£17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum Β£15.8/30K 52.67%)
5) SIPP Β£5K updated 10/10/251
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