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Learning to walk before I run

18990929495441

Comments

  • 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: 29,213 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 £166.7K Equity 38.23% 12/7/26
    2) £1.8K Net savings after CCs 14/7/26 (but owed £450) so £2.2K
    3) Mortgage neutral by 06/30 (AVC £44.2K + Lump Sums DB £4.6K + (25% of SIPP 1.7K) = 50.5K of £127.5K target 39.6% July 26 (If took bigger lump sum = 72.4K or 56.8%)
    4) FI Age 60 income target min £17.1/30K 57% (may need more) If bigger lump sum £15.8/30K 52.67%
    5) SIPP £5.7K updated 29/5/26
  • edinburgher
    edinburgher Posts: 14,651 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: 14,651 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: 29,213 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 £166.7K Equity 38.23% 12/7/26
    2) £1.8K Net savings after CCs 14/7/26 (but owed £450) so £2.2K
    3) Mortgage neutral by 06/30 (AVC £44.2K + Lump Sums DB £4.6K + (25% of SIPP 1.7K) = 50.5K of £127.5K target 39.6% July 26 (If took bigger lump sum = 72.4K or 56.8%)
    4) FI Age 60 income target min £17.1/30K 57% (may need more) If bigger lump sum £15.8/30K 52.67%
    5) SIPP £5.7K updated 29/5/26
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