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Alchemausterity II
Comments
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It sounds very like what you hear of in the UK in WWII - grab every chance at living your life, every piece of happiness. I hope she's happy.2023: the year I get to buy a car6
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It's a curse, isn't it. "May you live an interesting life".savingholmes said:Interesting life4 -
I don't think she is. She wants to change her life, I don't think she knows how.Karmacat said:It sounds very like what you hear of in the UK in WWII - grab every chance at living your life, every piece of happiness. I hope she's happy.
In other news I've been ostritching about a few things...
Energy bills
A fixed rate mortgage ending
The overdraft
None of these is going to be fun.
On the up side DH and I are about to start exam marking. On the down side his fuel for work now costs him £400 a month.4 -
@Alchemilla I’m new to MSE forums and MFW , I don’t know the etiquette - I’ve been reading your thread, thank you for sharing
I’ve also been thinking of fixed rate mortgage ending. Do you need to be a teacher to mark exams? Mortgage when saw the MSE light 💡: £85,000 (end date 2045)
2019: £65,638💰 2024 Increased mortgage for house move: £112,000 (end date 2054)
Current end date: May 2026
2025MFW #755 -
Speaking from part way through the process... I'd get onto the mortgage asap. Rates went up 0.5% from when I first looked to what they are now, and the assessment seems to be taking longer than last time so I suspect the lenders are busy.
Debt free May 2016... DFW#2 in progress
Campervan paid off summer '21... MFW progress tbc6 -
I agree - definitely pursue the mortgage asap - most offers are valid for 6 months so good way to lock in a lower rateAchieve 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 10/10/254 -
I don't think so but I don't know if you get the same rate as a non teacher. Websites to look at are OCR, AQA, Pearson and google SATs marking. It would be next summer for a new starter.HelenaPinky said:@Alchemilla I’m new to MSE forums and MFW , I don’t know the etiquette - I’ve been reading your thread, thank you for sharing I’ve also been thinking of fixed rate mortgage ending. Do you need to be a teacher to mark exams?
Welcome to MSE!5 -
RosaBernicia said:Speaking from part way through the process... I'd get onto the mortgage asap. Rates went up 0.5% from when I first looked to what they are now, and the assessment seems to be taking longer than last time so I suspect the lenders are busy.
Thank you both for the much needed prod!savingholmes said:I agree - definitely pursue the mortgage asap - most offers are valid for 6 months so good way to lock in a lower rate
Did it on my 'phone in bed this morning. £77 increase.8 -
Wow. That was quick to get it sorted. Hopefully the £77 is affordable for you. Better than a varying amountAchieve 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 10/10/254 -
That was fast! Agree with savingholmes, hopefully affordable and so much easier to plan when you know the amount.Debt free May 2016... DFW#2 in progress
Campervan paid off summer '21... MFW progress tbc5
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