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Five Year Fix, Five Year Plan

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Comments

  • Merlin's_Beard
    Merlin's_Beard Posts: 1,709 Forumite
    Eighth Anniversary 1,000 Posts Photogenic Name Dropper

    If anyone has recommendations about where to buy sheds from, I'll take them

    Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
    Current mortgage amount: £224,460.73
    Start student loan 2012: £29,750; current student loan: CLEARED July 2025
    Unread owned books Jan 2026: 256
    Undone crafts 2026: +1
  • KajiKita
    KajiKita Posts: 9,864 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic

    That was a very productive and progress-made post! 😊

    If you were round here I would direct you to either one of the local timber yards. They often have sheds and they are good quality. I would avoid the thin tin ones - they buckle if you sneeze too hard on them and they can be cut into with a Stanley knife …

    KK

    As at 17.03.26:
    - When bought house £315,995 mortgage debt and end date at start = October 2039 - now £219,071
    - OPs to mortgage = £17,793 Estd. interest saved = £9,021 to date
    c. 16 months reduction in term
    Fixed rate 3.85% ends October 2030

    Read 23 books of target 52 in 2026 as @ 28th March. 
    Produce tracker: £59 of £400 in 2026

    Watch your thoughts, they become your words.
    Watch your words, they become your actions. 
    Watch your actions, they become your reality. 
  • KajiKita
    KajiKita Posts: 9,864 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic

    Well done for finding a shed you like 👏😊

    Some of the remaining tasks are easier than others … I always struggle with colours for rooms too …

    KK

    As at 17.03.26:
    - When bought house £315,995 mortgage debt and end date at start = October 2039 - now £219,071
    - OPs to mortgage = £17,793 Estd. interest saved = £9,021 to date
    c. 16 months reduction in term
    Fixed rate 3.85% ends October 2030

    Read 23 books of target 52 in 2026 as @ 28th March. 
    Produce tracker: £59 of £400 in 2026

    Watch your thoughts, they become your words.
    Watch your words, they become your actions. 
    Watch your actions, they become your reality. 
  • rtandon27
    rtandon27 Posts: 6,598 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 12 February at 9:28PM

    I hope you spent the rest of your day in red wellies splashing in puddles! The most joy non-non-adult thing I can think of!

    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)
    Original End Date - Sept 2041 New projection - Dec 2039 (reduced by 21 months)
  • Merlin's_Beard
    Merlin's_Beard Posts: 1,709 Forumite
    Eighth Anniversary 1,000 Posts Photogenic Name Dropper

    If there's one I don't get done, it will definitely be that one. I have NO idea what I want for it.

    Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
    Current mortgage amount: £224,460.73
    Start student loan 2012: £29,750; current student loan: CLEARED July 2025
    Unread owned books Jan 2026: 256
    Undone crafts 2026: +1
  • Merlin's_Beard
    Merlin's_Beard Posts: 1,709 Forumite
    Eighth Anniversary 1,000 Posts Photogenic Name Dropper

    Also been and had an invisalign consult, now I have to decide whether to go ahead. Made it very clear that I wanted more of a functional fix rather than perfection (I have teeth I struggle to keep clean because they're overcrowded, I also have teeth that rub on every mouth ulcer I get because they're angled) and the dentist seemed to take all of that in.

    Offered a quote of 14 weeks and £3500 for the treatment + £600 for retainers, which is sort of what I was expecting.

    It's doable financially (it will come out of the new car pot, but the new car definitely won't happen until after September when I'm off the horrible pothole diversion if the work stays to plan, which gives me a bit of slack there), it's really a case of whether I want to do it.

    Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
    Current mortgage amount: £224,460.73
    Start student loan 2012: £29,750; current student loan: CLEARED July 2025
    Unread owned books Jan 2026: 256
    Undone crafts 2026: +1
  • South_coast
    South_coast Posts: 6,347 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic

    Do it. It sounds like you'll get some real tangible benefits, with the helpful side effect of them looking better. And the sooner you do it, the longer you will have the benefit, and the better value for money it will become 😀!

    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!!!
  • beanielou
    beanielou Posts: 99,027 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!

    Sounds like a plan.

    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.

    ***Fall down seven times,stand up eight*** in ~~Japanese proverb.
    ***Keep plodding*** Out of debt, out of danger.
    One debt remaining. Home improvement loan. 19months left.
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