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Five Year Fix, Five Year Plan

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Comments

  • Merlin's_Beard
    Merlin's_Beard Posts: 1,843
    Ninth Anniversary 1,000 Posts Photogenic Name Dropper
    Forumite

    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: 10,927
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    Forumite

    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 16.10.26:
    - When bought house £315,995 mortgage debt and end date at start = October 2039 - now £209,304
    - OPs to mortgage = £20,180 Estd. interest saved = £10,393 to date
    c. 17 months reduction in term
    Fixed rate 3.85% ends October 2030

    Read 76 books of target 52 in 2026 as @ 23rd October. 
    Produce tracker: £348 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: 7,239
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Forumite
    edited 12 February at 8:28PM

    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 - Jun 2040 (reduced by 1 years & 3 month)
  • South_coast
    South_coast Posts: 6,726
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Forumite

    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: 101,573
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Ambassador

    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.[/b] [11 months left.[/b]
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