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Mortgage free in Forever Home :-)

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Comments

  • savingholmes
    savingholmes Posts: 29,089 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks KK - my house is in the terrible before it gets better stage. If the handyman turns up tomorrow that will clear space in the garage for me to move boxes into so I can make my living space more liveable but as it is there's little incentive to continue packing downstairs - although I could finish off two rooms upstairs as there's not a lot left to do in those. Perhaps that should be my goal... 
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £171.8K Equity 36.37%
    2) £2.6K Net savings after CCs 10/10/25
    3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
    (If took bigger lump sum = 60.35K or 47.6%)
    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 £5K updated 10/10/25
  • KajiKita
    KajiKita Posts: 8,605 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    Thanks KK - my house is in the terrible before it gets better stage. If the handyman turns up tomorrow that will clear space in the garage for me to move boxes into so I can make my living space more liveable but as it is there's little incentive to continue packing downstairs - although I could finish off two rooms upstairs as there's not a lot left to do in those. Perhaps that should be my goal... 
    It’s amazing how ‘bouncing’ something around loosens up our thought processes and get us moving 😊
    Enjoy progressing.

    KK
    As at 15.10.25:
    - When bought house £315,995 mortgage debt and end date at start = October 2039 - now £229,702
    - OPs to mortgage = £12,345 Estd. interest saved = £5,863 to date
    Fixed rate 3.85% ends October 2030

    Read 62 books of target 52 in 2025, as @ 4th November 
    Produce tracker: £426 of £300 in 2025

    Watch your thoughts, they become your words.
    Watch your words, they become your actions. 
    Watch your actions, they become your reality. 
  • beanielou
    beanielou Posts: 96,888 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Happy Saturday. 
    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.
  • KajiKita said:
    @redofromstart, @Baileys_Babe, @badmemory, you kindly suggested that I ask about *that* book here. As the FB page still hasn’t shared my post I will have to try and write it again ….

    I read this book in the 1990s and I don’t think it was much older than that, 1980s at oldest. 
    I suspect it was published In Australia as it was set there (how I came to have a copy I have no idea! Possibly a present from visiting academic friend of my parents perhaps?) 
    it was about a teenage girl and her much younger brother. 
    She had lots of long thick wiry black hair. 
    The (single?) mother didn’t seem to be in focus much in the story. 
    The brother got ‘caught’ by some kind of personified entity so although the younger brother was physically present he was slowly dying - the PE was sucking his soul dry.
    only the girl knew what had happened to her brother and she realised that she was the only who could see the ‘mark’ on him from what had happened to him.
    she fell in with two older witches who she met through a slightly older boy at school who was a warlock. They helped her understand that she was also a nascent witch. 
    They helped her set up a trick where she would disconnect the PE from her brother and hopefully he would recover ….
    I think her surname was Chance (recurring theme).
    It was very much a coming of age story. 

    Anybody got *any* ideas how I could start looking for this book? 🤷‍♀️😊

    KK

    I appreciate you got the answer to this months ago and I'm just catching up but I knew instantly as soon as you described the hair. I love The Changeover - I used to borrow it from the library every couple of months as a teenager, and acquired an ex library copy as an adult. 
  • KajiKita
    KajiKita Posts: 8,605 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    Hi @Viking_mfw 😊👋
    I really enjoyed re-reading it. What I found interesting was I thought I missed have missed loads of nuance when reading it whilst younger, but I really hadn’t 😊

    KK
    As at 15.10.25:
    - When bought house £315,995 mortgage debt and end date at start = October 2039 - now £229,702
    - OPs to mortgage = £12,345 Estd. interest saved = £5,863 to date
    Fixed rate 3.85% ends October 2030

    Read 62 books of target 52 in 2025, as @ 4th November 
    Produce tracker: £426 of £300 in 2025

    Watch your thoughts, they become your words.
    Watch your words, they become your actions. 
    Watch your actions, they become your reality. 
  • savingholmes
    savingholmes Posts: 29,089 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I love books that encourage you to read them on repeat.

    Hope your onions got sown... I have garlic coming up in my veg patch - presumably leftover from last year's planting... 
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £171.8K Equity 36.37%
    2) £2.6K Net savings after CCs 10/10/25
    3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
    (If took bigger lump sum = 60.35K or 47.6%)
    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 £5K updated 10/10/25
  • skint_spice
    skint_spice Posts: 13,577 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    That’s a nice thought that 50p saves you 18p.
    Mortgage OP 2025 £7550/7000
    Mortgage OP 2024 £7700/7000

    Mortgage balance: £34,196

    Money making challenge £78/400

    ”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)
  • KajiKita
    KajiKita Posts: 8,605 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    That’s a nice thought that 50p saves you 18p.
    It’s tiny I know, but … acorns and all that 😉
    Have lengthily texted the chairman about the conversation in the Leedl’s queue so he can read it at his leisure. 

    KK
    As at 15.10.25:
    - When bought house £315,995 mortgage debt and end date at start = October 2039 - now £229,702
    - OPs to mortgage = £12,345 Estd. interest saved = £5,863 to date
    Fixed rate 3.85% ends October 2030

    Read 62 books of target 52 in 2025, as @ 4th November 
    Produce tracker: £426 of £300 in 2025

    Watch your thoughts, they become your words.
    Watch your words, they become your actions. 
    Watch your actions, they become your reality. 
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