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Mortgage free in Forever Home :-)
Comments
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Fantastic milestoneAchieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.3K Equity 36.55%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £30.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 35.5/£127.5K target 27.8% 14/11/25
(If took bigger lump sum = 62K or 48.6%)
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 £5.1K updated 14/11/250 -
Thanks @LadyWithAPlan, @beanielou, @Merlin's_Beard, @savingholmes 😊
I went to bed with a grin on my face last night! 😊
£4.27 has appeared ready for cash out in my TCB account so I have requested that be sent.
Cleared another drawer last night and have found some silver necklaces (relatively chunky) so am going to look into how to get the best price on old silver.KKAs at 15.12.25:
- When bought house £315,995 mortgage debt and end date at start = October 2039 - now £227,385
- OPs to mortgage = £12,881 Estd. interest saved = £6,203 to date
c. 16 months reduction in term
Fixed rate 3.85% ends October 2030
Read 5 books of target 52 in 2026 as @ 13th January
Produce tracker: £18 of £400 in 2026
Watch your thoughts, they become your words.
Watch your words, they become your actions.Watch your actions, they become your reality.4 -
Wow, excellent work!! Well done!
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Well done on achieving your milestone!🎉
I used to work in a jewellers and selling silver by weight was not really worthwhile, best to sell as a piece if possible - unless times have changed.Mortgage OP 2026 £50/2000Mortgage OP 2025 £7700/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £33,546
Make £50 a month Jan £20
Boiler fund £925/3000
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)1 -
Do you mean fleabay etc? Not sure if I have the energy for that (it would all need cleaning to start off with) …. But I shall pull it all into a heap before deciding.skint_spice said:Well done on achieving your milestone!🎉
I used to work in a jewellers and selling silver by weight was not really worthwhile, best to sell as a piece if possible - unless times have changed.KKAs at 15.12.25:
- When bought house £315,995 mortgage debt and end date at start = October 2039 - now £227,385
- OPs to mortgage = £12,881 Estd. interest saved = £6,203 to date
c. 16 months reduction in term
Fixed rate 3.85% ends October 2030
Read 5 books of target 52 in 2026 as @ 13th January
Produce tracker: £18 of £400 in 2026
Watch your thoughts, they become your words.
Watch your words, they become your actions.Watch your actions, they become your reality.2 -
Ordered my dad’s whisk (via TCB) and am having it sent straight to him. I sent him the delivery confirmation and he promptly, as expected, came back saying that he didn’t want to open it until his birthday 🙄
I have replied pleading with him in that case not to do any whisking until his birthday as I am worried about both shock and fire risk! I have copied my mother in these latest messages so hopefully she might be able to leverage the decision ….
Rang the hospice warehouse to confirm they are taking donations tomorrow. I have *filled* the car and will be down there at 8.30am to get all the stuff offloaded first thing! Then I will go to the library and change my books.Sent £4.27 TCB payment over as an OP 😊After that there will be much helping Mr KK move furniture in the living room for base coat plastering and fitting new skirting and new radiator.Hoping to get most of the washing done tomorrow as the forecast for Sunday here is pretty damp so I will hope to mainly line-dry tomorrow 😊KKAs at 15.12.25:
- When bought house £315,995 mortgage debt and end date at start = October 2039 - now £227,385
- OPs to mortgage = £12,881 Estd. interest saved = £6,203 to date
c. 16 months reduction in term
Fixed rate 3.85% ends October 2030
Read 5 books of target 52 in 2026 as @ 13th January
Produce tracker: £18 of £400 in 2026
Watch your thoughts, they become your words.
Watch your words, they become your actions.Watch your actions, they become your reality.3 -
All sounds good. LOL 🤣 at your dadAchieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.3K Equity 36.55%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £30.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 35.5/£127.5K target 27.8% 14/11/25
(If took bigger lump sum = 62K or 48.6%)
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 £5.1K updated 14/11/252 -
Final (4th!) load of washing is out on the line - it helps that there is a good breeze as well as sun here today.Charity shop run was appreciated and I have picked up some heavy duty bin bags so I can use those, instead of the storage bags I actually want to keep, for further decluttering.Just rung my mum. She tells me that the new whisk for my dad has arrived and although he is refusing to use it before his birthday, it’s unlikely that he will need to before then …. Here’s hoping! 🤞My mum offered a few weeks ago to spend £500 on something for the house. We have been debating further windows in the lounge and would love to get them in now to get the mess finally over and done with and before we repaint the rest of the walls from the work in there etc. We have decided on what we want and have had a loose quote which is a bit more than the £500. My mum is happy to pay for the whole lot and just give me less of a Cmas present - I am delighted as that really eases the pressure on us and we should be able to get all the mess done and dusted (literally!) in the lounge before Cmas 😊Just about to head out into the garden and tidy up the front 😊 First time in ages I will have done any actual gardening!
KKAs at 15.12.25:
- When bought house £315,995 mortgage debt and end date at start = October 2039 - now £227,385
- OPs to mortgage = £12,881 Estd. interest saved = £6,203 to date
c. 16 months reduction in term
Fixed rate 3.85% ends October 2030
Read 5 books of target 52 in 2026 as @ 13th January
Produce tracker: £18 of £400 in 2026
Watch your thoughts, they become your words.
Watch your words, they become your actions.Watch your actions, they become your reality.3 -
Woohoo to the window.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 -
What a fabulous gift!Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.3K Equity 36.55%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £30.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 35.5/£127.5K target 27.8% 14/11/25
(If took bigger lump sum = 62K or 48.6%)
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 £5.1K updated 14/11/251
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