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Mortgage free in Forever Home :-)

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Comments

  • KajiKita
    KajiKita Posts: 9,157 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    Thanks @savingholmes, @beanielou ❤️

    Yes, both of them are cute …. 🥰 

    KK
    As 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 2 books of target 52 in 2026 as @ 4th January 
    Produce tracker: £10 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. 
  • savingholmes
    savingholmes Posts: 29,133 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Hope the cat photos are light relief. Definitely sounds time to invest in a new car.
    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 14/11/25
  • KajiKita
    KajiKita Posts: 9,157 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    Hope the cat photos are light relief. Definitely sounds time to invest in a new car.
    They were - made my cousin smile too 😊

    I hate buying cars but needs must etc ….

    KK
    As 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 2 books of target 52 in 2026 as @ 4th January 
    Produce tracker: £10 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. 
  • Hope all goes as well as possible.

    Good news that it turned out to be an incident of excessive eclairing 
  • Humdinger1
    Humdinger1 Posts: 2,653 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    edited 25 March 2024 at 6:36AM
    Investing in new cars and cats?! Exciting...thinking of you today love Humdinger xx 
  • Watty1
    Watty1 Posts: 7,677 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    have been thinking of you today   Sending much love
    Made it to mortgage free but what a muddle that became

    In the event the proverbial hits the fan then co-habitees are better stashing their cash than being mortgage free !!
  • skint_spice
    skint_spice Posts: 13,630 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Glad it went smoothly for you, it sounds a lovely send off.
    Mortgage OP 2026 £50/2000
    Mortgage OP 2025 £7700/7000
    Mortgage OP 2024 £7700/7000

    Mortgage balance: £33,546

    Make £50 a month Jan £0
    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)
  • Cheery_Daff
    Cheery_Daff Posts: 18,019 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Glad the funeral went well, sounds like a lovely service. What a shame about your dad, but I'm glad the other relatives were all supportive, and it sounds like you have a good relationship with your cousin. 

    Hope you have a relaxing and restorative day today xx
  • beanielou
    beanielou Posts: 97,686 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Glad all went well. Be kind to yourself today xx
    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.
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