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Five Year Fix, Five Year Plan

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Comments

  • KajiKita said:
    Glad you’re feeling a bit better 😊 Sympathies on the sinusitis - that’s where my colds always seem to go too …. 

    Does the contractor you’ve signed up to say that they will honour the prices, including on the materials, by June?

    KK
    Ha! Absolutely not - none of the contractors would guarantee that. But it's the people I was going to go with anyway so if the price mysteriously rises to where it was before I'll just have to eat it and be okay with it.
    Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
    Current mortgage amount: £226,957.97
    Start student loan 2012: £29,750; current student loan: CLEARED July 2025
  • KajiKita
    KajiKita Posts: 8,042 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    KajiKita said:
    Glad you’re feeling a bit better 😊 Sympathies on the sinusitis - that’s where my colds always seem to go too …. 

    Does the contractor you’ve signed up to say that they will honour the prices, including on the materials, by June?

    KK
    Ha! Absolutely not - none of the contractors would guarantee that. But it's the people I was going to go with anyway so if the price mysteriously rises to where it was before I'll just have to eat it and be okay with it.
    Fair enough 😊
    At least you’ve found a contractor you can trust to listen to you.

    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 48 books of target 52 in 2025, as @ 31st August
    Produce tracker: £353 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: 29,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Hope you feel better soon. 

    Exciting once the work is done too even if painful handing over the money.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £172.5K Equity 36.11%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
    (If took bigger lump sum = 53.3K or 41.8%)
    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 £4.8K updated 29/7/25
  • KajiKita
    KajiKita Posts: 8,042 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    Good to hear you are feeling better 😊

    Waaaaay back in the days when I was DWD full on because of the mess I was in after leaving a nasty ex, I bought myself a Le Cr3us3t casserole dish (other brands are available 😊) - we both still use it now for our respective batches, some 20 plus years later! They sometimes appear in outlet shops - I think there’s one at Gloucester Quays for example, so they are worth looking out for. 

    Is it just me or has the gap between February and March paydays been THE longest in history ….? 🙄😂

    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 48 books of target 52 in 2025, as @ 31st August
    Produce tracker: £353 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. 
  • Dandytf
    Dandytf Posts: 5,073 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 22 March 2023 at 6:42PM
    I want to use some additional monthly payments diverting to top up continues Mortgage payments.
    Yet I'm not sure as that 50 pounds could be used to top up Double Glazing payments.
    Mortgage is 3.4 over almost 5 years fix. (<9 year term)
    Windows I think are 9.9. over much longer term.
    Is it silly to add extra to Mortgage ahead of Higher rate Windows with intention of increasing completion of Mortgage End over 5 yr fixed 5 years plan.
    Windows would be reduced from 7 years to <4 years.
    Mortgage though would be greatest achievement and Savings after year five. 

    thanks
    Replenished CRA Reports.2020 Nissan Leaf 128-149 miles top charge. Savings depleted. VM Stream tv M250 Volted to M350 then M500 since returned to 1gb
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