📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Mortgage free in Forever Home :-)

1637638639640642

Comments

  • savingholmes
    savingholmes Posts: 28,994 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Baking looks tasty.  Enjoy your bank holiday weekend.  I think k jobs are like snakes and ladders. Sometimes you have to go down and sideways before you go back up. I did that 15 years ago and it set me up for later success. You don't know what future doors this step could lead to.

    Mental health is well worth it.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • SandyShores
    SandyShores Posts: 1,977 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    Nice scones!  I'd really like to grow some tomatoes next year - I'm paying 50p each for the ones I like (sort of beefsteak texture but smaller) and using at least 5 a week.  
    "Think of many things, do one"
    Mortgage 30 Aug'25 est. £209,500 £309,749 2020 (current ends 2038)
    Seven Goals; 12.5lbs lost in 4 months (5.5lbs to go); walk/run/exercising/weights/yoga 

  • badmemory
    badmemory Posts: 9,749 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    You would be surprised how many people do not seem to ask questions about their pensions until they are about to take them.  The fiasco of the missing years that has had them ground to a halt for the last 4 years now just shows that.
  • greenbee
    greenbee Posts: 17,860 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I've been ignoring pensions for a while now - I put quite a bit off effort in about 15 years' ago, but life has got in the way. I did consolidate some work pensions, but didn't consolidate the funds which really needs doing. So at the moment I have two 'big' personal pensions that I still pay into, my old SERPS opt-out pension, my last employer's pension and my current employer's pension. I'm seriously considering finding a financial advisor to help me sort it all out. 
  • KajiKita
    KajiKita Posts: 7,883 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    greenbee said:
    I've been ignoring pensions for a while now - I put quite a bit off effort in about 15 years' ago, but life has got in the way. I did consolidate some work pensions, but didn't consolidate the funds which really needs doing. So at the moment I have two 'big' personal pensions that I still pay into, my old SERPS opt-out pension, my last employer's pension and my current employer's pension. I'm seriously considering finding a financial advisor to help me sort it all out. 
    I can send you the details of the chap I used if you like? He made it quite straightforward for me to understand. 

    KK
    As at 15.08.25:
    - When bought house £315,995 mortgage debt and end date at start = October 2039 - now £232,244
    - OPs to mortgage = £12,148  Interest saved £5,738 to date
    Fixed rate 3.85% ends October 2030

    Read 44 books of target 52 in 2025, as @ 21st August
    Produce tracker: £339 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. 
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.5K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.