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Mortgage free in Forever Home :-)

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  • South_coast
    South_coast Posts: 5,874 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    Oh, the postcards in the job centre! That takes me back. Simpler times!
    Mortgage start: £65,495 (March 2016)
    Cleared 🧚‍♀️🧚‍♀️🧚‍♀️!!! In 5 years, 1 month and 29 days
    Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed

    Finally earning interest instead of paying it!!!
  • Watty1
    Watty1 Posts: 6,813 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Oh, the postcards in the job centre! That takes me back. Simpler times!
    Doesn't it just. As a student I got my summer jobs off those postcards!
    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 !!
  • Massive congrats on the job front. The whole process of getting work is unnecessarily longwinded. Time to recover from the process and celebrate x 
    Mortgage at largest £280050 with MF date 2038 - current in the £160s whoop whoop
  • savingholmes
    savingholmes Posts: 28,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I too think the current JC system doesn't work. It is purely about checking whether or not you bothered applying for something and signing off interview expenses. I hope you claimed those?
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £2.6K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • KajiKita
    KajiKita Posts: 7,665 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    I too think the current JC system doesn't work. It is purely about checking whether or not you bothered applying for something and signing off interview expenses. I hope you claimed those?
    Interview expenses?? Nobody has mentioned those …?? Really?

    KK
    As at 15.07.25:
    - When bought house £315,995 mortgage debt and end date at start = October 2039 - now £233,521
    - OPs to mortgage = £11,816 Interest saved £5,28 to date
    Fixed rate 3.85% ends January 2030

    Read 40 books of target 52 in 2025, as @ 29th July
    Produce tracker: £243 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: 28,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    KajiKita said:
    I too think the current JC system doesn't work. It is purely about checking whether or not you bothered applying for something and signing off interview expenses. I hope you claimed those?
    Interview expenses?? Nobody has mentioned those …?? Really?

    KK
    You used to be able to claim x pence per mile. Worth investigating. I think I last signed on around 2009 though so very out of date.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £2.6K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • Aw, glad you could help your friend out.

    Well done on all your doings, and hurrah for the PB win! Christmas chippie tea sounds a good idea 👍
  • My vote is for chip supper also
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