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Five Year Fix, Five Year Plan

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  • Merlin's_Beard
    Merlin's_Beard Posts: 1,451 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    For the kitchen, which has french doors, I want something bright, with large block of colour, green and leafy. Especially as everything put into the kitchen area (kitchen units/floor) are going to be very grey and neutral and "basic range from the housing developer"-ish

    But fashion dictates that what's available is either delicate leafy and beige, or bold and blocky and ochre, or has a big old poppy right in the middle of it. Hopefully the ones I've ordered off ebay will be true to colour.

    I will say this about ochre though, the more you look at it, the more it inserts itself into my mind as good for the living room...  :D

    Basically I've been renting in a variety of neutral coloured rooms for about 10 years and I'm ready to stick some colour onto everything.
    Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
    Current mortgage amount: £233.529.75
    Start student loan 2012: £29,750; current student loan: £11.400.50; OP offset fund: £750
  • savingholmes
    savingholmes Posts: 28,912 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I have ochre, grey and white curtains in my living room -stripes - very restful 
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £175.8K Equity 32.38%
    2) £4.3K Net savings after CCs 13/5/25
    3) Mortgage neutral by 06/30 (AVC £20.6K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 26.3/£127.5K target 20.63% updated 16/5
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.4K updated 16/5
  • savingholmes
    savingholmes Posts: 28,912 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Things seem to be going well
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £175.8K Equity 32.38%
    2) £4.3K Net savings after CCs 13/5/25
    3) Mortgage neutral by 06/30 (AVC £20.6K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 26.3/£127.5K target 20.63% updated 16/5
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.4K updated 16/5
  • Merlin's_Beard
    Merlin's_Beard Posts: 1,451 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    Things are going okay savingholmes! Curtains for the living room are here and sorted and fine!

    Also been to finalise flooring quote and choices. A huge chunk of money, but at least I can now wiggle my YNAB pots around and know exactly what I've got left. Having organised YNAB pots just makes me feel better.

    Only sort-before-moving expenses I've got left is the snagging survey, some blinds, curtains for whichever bedroom I move into.

    And then back into the whole solicitor/developer thing. Solicitor offered July 28th as a completion date at exchange. Sales department of the developer says they hadn't authorised that, were expecting to exchange with completion on notice, but still on track to exchange in July. Exchanged with July 28th anyway.

    Sales department now saying that they give 4 weeks (ish) notice to completion with a more formal 7-10 days solicitor notice, do not know when I am completing, have raised it with site team. As yet no reply yet (have just chased them up).

    I hope everyone else finds that as confusing as I do, because I do not understand what is going on or when I am getting this house. More importantly, I do not know whether I can give notice on my rented flat and if I go past the 17th I'm then paying both rent and mortgage in August :eek:
    Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
    Current mortgage amount: £233.529.75
    Start student loan 2012: £29,750; current student loan: £11.400.50; OP offset fund: £750
  • killerpeaty
    killerpeaty Posts: 2,658 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    That is very confusing. I don't know much about new builds, can you speak with your solicitor about it?

    Glad you got your curtains! But ouch on the petrol, maybe a few more meals at friends next month.
  • Cornish_mum
    Cornish_mum Posts: 669 Forumite
    Fifth Anniversary 500 Posts
    Good luck with the exchange, so confusing and stressful, I hope it all gets sorted out soon CM
  • Merlin's_Beard
    Merlin's_Beard Posts: 1,451 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    That is very confusing. I don't know much about new builds, can you speak with your solicitor about it?

    Glad you got your curtains! But ouch on the petrol, maybe a few more meals at friends next month.
    Apparently the sales team are having a meeting with managers and site tomorrow, and should be able to tell me more. I don't think solicitors can help at this point - if the house isn't finished and connected to mains and checked by NHBC then it can't get sold to me.

    However I do know who my next door neighbours will be by random chance, and they've just been told end of August after the sales team aggressively pushed July at them, so frustratingly I feel like mine will be pushed back too.

    @Cornish_mum stressful and confusing is about right! I'm a FTB buying from a developer - this is meant to be the easy way!

    If everything does get pushed back, I'll try and look on the side of having another month to save before I have to pay out my entire life savings I guess.
    Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
    Current mortgage amount: £233.529.75
    Start student loan 2012: £29,750; current student loan: £11.400.50; OP offset fund: £750
  • killerpeaty
    killerpeaty Posts: 2,658 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    But if your contract says a date then it becomes breach of contract and the wronged party (you) can sue. Your solicitor would be able to let you know your rights, then you might be able to wrangle some stuff out of the developer by not suing. 
  • South_coast
    South_coast Posts: 5,786 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    Your solicitor will be able to clarify whether you exchanged on notice or on a fixed date. It will definitely be one or the other, those are the only two options
    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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