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GAP and LMG, can we become mortgage free?
Comments
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We'll get you addicted to OPs yet GAP. Better yet - ask LG to match your £1 - sorted.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
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 £5K updated 10/10/251 -
😂 good planbeanielou said:Happy shiny new diary
Pay another quid & you can say that you are in the £173'sMortgage at 12/07/2022 = £175,000
Mortgage today = £161,690.76
300 271 payments to go.House buyout fund £21,000/£40,000
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I became debt free the first time around by joining the PAD thread. Was so addictive!savingholmes said:We'll get you addicted to OPs yet GAP. Better yet - ask LG to match your £1 - sorted.Mortgage at 12/07/2022 = £175,000
Mortgage today = £161,690.76
300 271 payments to go.House buyout fund £21,000/£40,000
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No reason why you can't do that again and apply it to your OPs account.girlatplay said:
I became debt free the first time around by joining the PAD thread. Was so addictive!savingholmes said:We'll get you addicted to OPs yet GAP. Better yet - ask LG to match your £1 - sorted.2 -
Think I might.joedenise said:
No reason why you can't do that again and apply it to your OPs account.girlatplay said:
I became debt free the first time around by joining the PAD thread. Was so addictive!savingholmes said:We'll get you addicted to OPs yet GAP. Better yet - ask LG to match your £1 - sorted.Mortgage at 12/07/2022 = £175,000
Mortgage today = £161,690.76
300 271 payments to go.House buyout fund £21,000/£40,000
2 -
I just remembered I had £2 in my P@yp@l account. I've cashed that out and transferred it to the BOF account.
Total OP today = £12.Mortgage at 12/07/2022 = £175,000
Mortgage today = £161,690.76
300 271 payments to go.House buyout fund £21,000/£40,000
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Great start to your MN fund!!Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
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 £5K updated 10/10/251 -
Today I spent a little bit of money on garden bits, not a huge amount, just a bit to make it look nicer. It's already ok but the grass needs a good feed and there's a bit that needs some more stones.
Managed a small OP = £1Mortgage at 12/07/2022 = £175,000
Mortgage today = £161,690.76
300 271 payments to go.House buyout fund £21,000/£40,000
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They all help!
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It's little things like that - that help make it feel more like home.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
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 £5K updated 10/10/251
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