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Learning to walk before I run

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  • Karmacat
    Karmacat Posts: 39,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    25% upfront is normal round here ... I can understand that a builder's put a high % on if they haven't done it before.  I hope it all works out!
    2023: the year I get to buy a car
  • savingholmes
    savingholmes Posts: 28,953 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Did you pay it on a credit card for the protection?
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £3K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £22.5K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 28.2/£127.5K target 22;12% updated 6/7
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.6K updated 6/7/25
  • edinburgher
    edinburgher Posts: 13,825 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 7 July 2022 at 8:50PM
    Did you pay it on a credit card for the protection?
    I've never met a builder in my puff who took credit cards? Seems to be localised to MFW
  • edinburgher
    edinburgher Posts: 13,825 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 8 July 2022 at 8:17PM
    A spendy day. After 4 days of strict dieting (I lost 5.5lbs), I had a bit of a break. I took the family for a big cooked breakfast at a fancy cafe favourite, 2 doughnuts, some crisps and a single whisky and Coke :o (across the day, not all for breakfast)! Back to starvation rations tomorrow.

    £7.44 paid into my SIPP (£9.30 after tax relief)
  • savingholmes
    savingholmes Posts: 28,953 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Wow at losing 5.5lbs in 4 days! Not surprised you wanted a break. Starvation rations doesn't sound healthy. Are you at least choosing nutritious, tasty food?

    I am doing SW - and experimenting with time restricted eating to to reduce my food intake and improve its quality...
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £3K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £22.5K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 28.2/£127.5K target 22;12% updated 6/7
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.6K updated 6/7/25
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