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Five Year Fix, Five Year Plan

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  • savingholmes
    savingholmes Posts: 28,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Is your garden install complete now?
    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
  • savingholmes
    savingholmes Posts: 28,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    New builds are sometimes built on flood plains / marshes. If that is the case it is more of a worry than otherwise.

    At our first new build we had to dig ditches all around the lawn as we experienced some flooding. Later as plants became more established and sucked up the water it was less of a n issue.
    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
  • Merlin's_Beard
    Merlin's_Beard Posts: 1,483 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    @savingholmes thankfully not! There are some houses in my village built near the floodplain of a big river, but mine is three quarters of the way up the hill that's the highest point - the farmland never used to get particularly boggy either (there was/is a right of way to the next village about 100m from my house). The house next door is lower than mine as well and there's drainage holes in the retaining wall. I am not particularly worried that I need more than the gap I've been given after a weekend of thinking.

    Friends visited - a lovely if rather too warm weekend. Builders have said tomorrow will be the last day - we'll see! Or I won't because I'll be at work. Leaving the garage open and the gate unlocked and crossing my fingers. They said that I could sort out their extension and leave the garage locked, but I don't think they realise how late I work, so I won't.

    Petrol costs have gone over and dipped into my emergency fund again (eek!). Will repay it when we are paid this week.

    Also received a speeding notice (oops). 57 in a speed limited 50 section of motorway on my way back from the concert at 12.30am. Have held up my hands, filled out my paperwork and will await further instructions.

    Thankfully it's started to rain, much needed!
    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
  • savingholmes
    savingholmes Posts: 28,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Sorry about the speeding ticket. Such things are so annoying.

    Hope the last bit of the garden work goes smoothly.
    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: 7,691 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    They're finished! Garden looks lovely. It's not finished-finished (still plenty for me to do) but the outline is there now and it's very mine, and it's what I wanted, so I'm pretty happy with that.

    Absolutely awesome news 😊👏✨
    You get to play now 😊

    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
    I'm sure you are very relieved. Hard parting with that amount of cash - great when you get the result you want. 
    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
  • rtandon27
    rtandon27 Posts: 5,687 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Phew - so great to hear they are done - now your space is yours again!
    4 YEARS 10 MONTHS DEBT FREE!!! (24 OCT 2016)
    (With heartfelt thanks to those who have gone before us & their indubitable generosity.)
    ...and now I have a mortgage! (23 AUG 2021)
    New projection - 14 YEARS 10 MONTHS LEFT OF 20 YEARS (reduced by 15 mths)
    Psst...I may have started a diary!
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