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Mortgage free in Forever Home :-)
Comments
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@LadyWithAPlan - cat chips - not a new cuisine! ππππ ID chips! π
Been a good day, but proper tired because it was both busy and intense. Did a presentation to various vaguely senior people on the next phase of a major project I have to lead with their support - my boss was also on the call and had completely tuned out and missed a question directed at him! π (Iβm taking this as a good sign - that what I was sharing was coherent and didnβt need his input π).ΒThere was a Sc0ttish W1dows how to use their app presentation for the new work pension provider - covered a lot of ground we had covered before, but has given me a nudge towards at least getting Mr KK set up as a beneficiary! (In fact I need to make a prioritised list of all home admin tasks as they are building up!)Got home and Mr KK was mowing the lawns - I also got stuck in and loaded my new car up with what stuff I wanted transferred from the old one and then mowed / trimmed all the ornamental bed edgings π - that made up for not getting out for a walk at lunchtime as I had to work right through again today! ππ
KKAs at 15.10.25:
- When bought house Β£315,995 mortgage debt and end date at start = October 2039 - now Β£229,702
- OPs to mortgage = Β£12,345 Estd. interest saved = Β£5,863 to date
Fixed rate 3.85% ends October 2030
Read 61 books of target 52 in 2025, as @ 4th NovemberΒ
Produce tracker: Β£426 of Β£300 in 2025
Watch your thoughts, they become your words.
Watch your words, they become your actions.ΒWatch your actions, they become your reality.Β7 -
Sorry work is full on. Good you got out in the garden. Pleased for you that you have your new car.
Love the cat pictures including the one from @skint_spice
Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 Β£202K now Β£171.8K Equity 36.37%
2) Β£2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC Β£27.9K + Lump Sums DB Β£4.6K + (25% of SIPP 1.25K) = 34/Β£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target Β£17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum Β£15.8/30K 52.67%)
5) SIPP Β£5K updated 10/10/252 -
Can I ask what is probably a dumb question? I opened an easy access ISA last year with M@rcus. I had to take some money out of it last week to pay the car off my credit card. Can I put that money back in to the same account or do I have to open a new ISA with the same provider or a different one for the new tax year? (I feel very stupid asking this question, but I genuinely donβt know and have never had an ISA account before π€·ββοΈ so all guidance would be much appreciated π).
KKAs at 15.10.25:
- When bought house Β£315,995 mortgage debt and end date at start = October 2039 - now Β£229,702
- OPs to mortgage = Β£12,345 Estd. interest saved = Β£5,863 to date
Fixed rate 3.85% ends October 2030
Read 61 books of target 52 in 2025, as @ 4th NovemberΒ
Produce tracker: Β£426 of Β£300 in 2025
Watch your thoughts, they become your words.
Watch your words, they become your actions.ΒWatch your actions, they become your reality.Β4 -
Btw, apologies for not posting much this week. Work has been intense and I am very tired. I am struggling to marshall my thoughts enough to post β¦.
Looking forward to a dry weekend π
KKAs at 15.10.25:
- When bought house Β£315,995 mortgage debt and end date at start = October 2039 - now Β£229,702
- OPs to mortgage = Β£12,345 Estd. interest saved = Β£5,863 to date
Fixed rate 3.85% ends October 2030
Read 61 books of target 52 in 2025, as @ 4th NovemberΒ
Produce tracker: Β£426 of Β£300 in 2025
Watch your thoughts, they become your words.
Watch your words, they become your actions.ΒWatch your actions, they become your reality.Β3 -
Non-alcoholic, or just not raining π€π€£?KajiKita said:Looking forward to a dry weekend π
With the ISA, you should be fine to pay in again. Normally you'd need to check whether it was a flexible one, but as you put the money in during a different tax year everything has been resetMortgage start: Β£65,495 (March 2016)
Cleared π§ββοΈπ§ββοΈπ§ββοΈ!!! In 5 years, 1 month andΒ 29 days
Total amount repaid: Β£72,307.03. Β£1.10 repaid for every Β£1.00 borrowed
Finally earning interest instead of paying it!!!4 -
Thanks SouthCoast π Once my work expenses come through I can start topping it up again then πSouth_coast said:
Non-alcoholic, or just not raining π€π€£?KajiKita said:Looking forward to a dry weekend π
With the ISA, you should be fine to pay in again. Normally you'd need to check whether it was a flexible one, but as you put the money in during a different tax year everything has been reset
Dry in both senses as I donβt drink (I donβt like it) and a dry weather forecast ππ
KK
As at 15.10.25:
- When bought house Β£315,995 mortgage debt and end date at start = October 2039 - now Β£229,702
- OPs to mortgage = Β£12,345 Estd. interest saved = Β£5,863 to date
Fixed rate 3.85% ends October 2030
Read 61 books of target 52 in 2025, as @ 4th NovemberΒ
Produce tracker: Β£426 of Β£300 in 2025
Watch your thoughts, they become your words.
Watch your words, they become your actions.ΒWatch your actions, they become your reality.Β4 -
If it's a simple cash ISA account then your annual allowance resets (like mortgage overpayments). You can't repay money you took out but you can add the new allowance so up to Β£20k in but not 20 plus the car money.My mortgage free diary:Β +++ Divide by Cucumber Error.Β Please reinstall universe and reboot+++
GNU Mr Redo4 -
Always good to check the ISA rates now anyway, anything under 5% then ditch and switch and get a transfer in for previous years as well at theΒ better rate. You can have different years with different providers if you want, but you can also shunt them in together.Β
Hope it stays dry for you!4/10/25Three Years Mortgage Free Yay!
NSTurtle # 55 π’ π’ π’ π’ π’ π’π’ π’ π’ π’ π’ π’ π’ π’π’π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’ π’
No Turtle gets left behind.[/b]
******PROUD MEMBER OF THE TOFU EATING COALITION OF CHAOS !!!******2 -
I hope you have a relaxing and dry weekend. Forecast is awful up here but perhaps you will fare betterβ¦Mortgage OP 2025 Β£7550/7000Mortgage OP 2024 Β£7700/7000
Mortgage balance: Β£34,196
Money making challenge Β£78/400
βDo what others wonβt early in life so you can do what others canβt later in lifeβ (stolen from Gally Girl)3 -
Dire here too.ΒI 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.3
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