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So close, we can smell mortgage freedom!

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Comments

  • themadvix
    themadvix Posts: 9,108 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Photogenic
    I can't quite work out how they're working timings out tbh. We'll see - I think we'll go into London anyway and have dinner and go to Buck House, and then see how the queue is. I feel a desire to 'be there' in some way, but I don't feel the desire to be exhausted, cold and miserable - if it's that long I'll be all those things and it will negate the point of going. If I can only go to Buckingham Palace, then that'll have to do. I'd be tempted to try to find a spot on the route from Northolt, but that's Wednesday evening instead, so I'd have to drop my Olio and I've already dropped the one I was covering on Friday in anticipation that that might be when we go to London.

    It's going to be a very odd bank holiday with shops all shut and everybody watching the TV. But then, I guess it would be - it's only that we've never done one of these before in most people's lifetimes.

    I have chucked some soup ingredients in the IP and it's making lovely smells, so hopefully lunch will be OK. And work is progressing... mood will improve substantially when I have some food in me! And it's use-it-up soup as I chucked the last of the beany/pulsey soup mix in and used some passata that has definitely been open longer than it should, as well as two tiny shallots from the allotment. Much better than a mediocre toastie from M&S.
    Mortgage free 16/06/2023! £132,500 cleared in 11 years, 3 months and 7 days

    'Now is no time to think of what you do not have. Think of what you can do with what there is.' Ernest Hemingway


  • savingholmes
    savingholmes Posts: 29,087 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Well done on the work progress despite all the distractions. 

    How long until the roofers are expected to be finished?
    Achieve 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 10/10/25
  • themadvix
    themadvix Posts: 9,108 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Photogenic
    They’ve finished! (Apart from clearing up as skip didn’t arrive - I’m to text to let them know when it does arrive)
    Mortgage free 16/06/2023! £132,500 cleared in 11 years, 3 months and 7 days

    'Now is no time to think of what you do not have. Think of what you can do with what there is.' Ernest Hemingway


  • When do you go on your trip?
    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!!!
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