GAP and LMG, can we become mortgage free?

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  • savingholmes
    savingholmes Posts: 27,280 Forumite
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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 by mid 2030
    1) MFW Nov 21 £201,999 with 237 payments to go - now £184,341 Equity 26.26% (lower post move compensated by EF) plus spent £10K+ on home improvements/emergency repairs
    2) Mortgage neutral by June 2030 AVC £8.063/£127,466 AVC target 6.32%
    3) FI Age 60 annual income target £12,500/30,000 41.66%
    Achievements: CC free since April 22. 1 year EF from Jan 24 & dedicated pot for home improvements
  • girlatplay
    girlatplay Posts: 3,883 Forumite
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    beanielou said:
    Happy shiny new diary  :grin:

    Pay another quid & you can say that you are in the £173's  :grin:
    😂 good plan
    Mortgage at 12/07/2022 = £175,000
    Mortgage today = £166,457.86
    300 282 payments to go.
    House buyout fund £3,261.67/£40,000
    Random Pick Fridays = £80.01
  • girlatplay
    girlatplay Posts: 3,883 Forumite
    Photogenic Name Dropper First Anniversary First Post
    We'll get you addicted to OPs yet GAP. Better yet - ask LG to match your £1 - sorted.
    I became debt free the first time around by joining the PAD thread.  Was so addictive!
    Mortgage at 12/07/2022 = £175,000
    Mortgage today = £166,457.86
    300 282 payments to go.
    House buyout fund £3,261.67/£40,000
    Random Pick Fridays = £80.01
  • joedenise
    joedenise Posts: 16,550 Forumite
    First Post Name Dropper First Anniversary
    We'll get you addicted to OPs yet GAP. Better yet - ask LG to match your £1 - sorted.
    I became debt free the first time around by joining the PAD thread.  Was so addictive!
    No reason why you can't do that again and apply it to your OPs account.
  • girlatplay
    girlatplay Posts: 3,883 Forumite
    Photogenic Name Dropper First Anniversary First Post
    joedenise said:
    We'll get you addicted to OPs yet GAP. Better yet - ask LG to match your £1 - sorted.
    I became debt free the first time around by joining the PAD thread.  Was so addictive!
    No reason why you can't do that again and apply it to your OPs account.
    Think I might.
    Mortgage at 12/07/2022 = £175,000
    Mortgage today = £166,457.86
    300 282 payments to go.
    House buyout fund £3,261.67/£40,000
    Random Pick Fridays = £80.01
  • girlatplay
    girlatplay Posts: 3,883 Forumite
    Photogenic Name Dropper First Anniversary First Post
    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 = £166,457.86
    300 282 payments to go.
    House buyout fund £3,261.67/£40,000
    Random Pick Fridays = £80.01
  • savingholmes
    savingholmes Posts: 27,280 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Great start to your MN fund!!
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 237 payments to go - now £184,341 Equity 26.26% (lower post move compensated by EF) plus spent £10K+ on home improvements/emergency repairs
    2) Mortgage neutral by June 2030 AVC £8.063/£127,466 AVC target 6.32%
    3) FI Age 60 annual income target £12,500/30,000 41.66%
    Achievements: CC free since April 22. 1 year EF from Jan 24 & dedicated pot for home improvements
  • girlatplay
    girlatplay Posts: 3,883 Forumite
    Photogenic Name Dropper First Anniversary First Post
    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 = £1
    Mortgage at 12/07/2022 = £175,000
    Mortgage today = £166,457.86
    300 282 payments to go.
    House buyout fund £3,261.67/£40,000
    Random Pick Fridays = £80.01
  • joedenise
    joedenise Posts: 16,550 Forumite
    First Post Name Dropper First Anniversary
    They all help!

  • savingholmes
    savingholmes Posts: 27,280 Forumite
    Name Dropper First Anniversary Photogenic First Post
    It's little things like that - that help make it feel more like home.
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 237 payments to go - now £184,341 Equity 26.26% (lower post move compensated by EF) plus spent £10K+ on home improvements/emergency repairs
    2) Mortgage neutral by June 2030 AVC £8.063/£127,466 AVC target 6.32%
    3) FI Age 60 annual income target £12,500/30,000 41.66%
    Achievements: CC free since April 22. 1 year EF from Jan 24 & dedicated pot for home improvements
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