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Prosperous soul, mortgage neutrality & creativity Year 2

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  • Lauraebrad
    Lauraebrad Posts: 185 Forumite
    Part of the Furniture 100 Posts Name Dropper
    This is really exciting news!

    Aiming for mortgage free by September 2030

    Balance 1.1.20 - £69,701.80
    Balance 1.1.21 - £63,699.80
    Balance 1.1.22 - £57,762.80
    Balance 1.1.23 - £53,074.20
    Balance 1.1.24 - £47,902.00
    Balance 1.1.25 - £44,141.20

    over payments 2025 = £1,390/£1,500 /// invested 2025 = £900/£1,500 = TOTAL (YTD) £2,290/£3,000
  • lucielle
    lucielle Posts: 11,512 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Brilliant news. So pleased for you. 
    L
    Total Debt Dec 07 £59875.83 Overdrafts £2900,New Debt Figure ZERO !!!!!!:j 08/06/2013
    Lucielle's Daring Debt Free Journey
    DFD Before we Die!!!! Long Haul Supporter #124
  • Tahlullah.H
    Tahlullah.H Posts: 1,227 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Congratulations!  So pleased for you.  You have a house you really want as opposed to moving just for the sake of it.  I am certain the next stage of your life in your new home will bring you much comfort and joy.
    What I do not give, you must never take by force.
    Mortgage outstanding - 30/12/22 - £25,900. 31/01/23 - £22,300. 28/02/23 - £20,500. 31/03/23 - £17,500. 30/04/23 - £15,800. 30/05/23 - £13,800. 31/06/23 - £11,300. 31/07/23 - £9,800. 31/08/23 - £8,300. 30/09/23 - £6,000. 31/10/23 - £3,000. 30/11/23 - £1,200. 06/12/23 - £00.00
    God save us everyone, As we burn inside the fire of a thousand suns, For the sins of our hands, The sins of our tongues, The sins of our fathers, The sins of our young.
    Linkin Park
  • savingholmes
    savingholmes Posts: 28,974 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks Laura, Lucielle and Tahlullah

    Just hope the vendor finds something quickly enough.

    I nipped out for apple pie and icecream to celebrate. I also wandered around a diy place looking at kitchens and bathrooms just to get a feel for my current tasts

    Thanks Jwil - my work thing went much better than expected so hopefully things will be better from here on in - although this morning's issues (hung over from last week) took 3 hours to resolve! I pretty much didn't let them leave until they'd done what I needed.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • Congratulations on the offer being accepted!  All sounds perfect so far, so fingers crossed that continues.
    Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
    Current mortgage amount: £226,957.97
    Start student loan 2012: £29,750; current student loan: CLEARED July 2025
  • mark55man
    mark55man Posts: 8,217 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    congrats on the offer - all the housing boards are full of helpful fierce people - I'm sure you will learn loads
    I think I saw you in an ice cream parlour
    Drinking milk shakes, cold and long
    Smiling and waving and looking so fine
  • skint_spice
    skint_spice Posts: 13,437 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Great news about the offer🎉🎉🎉
    Mortgage OP 2025 £6250/7000
    Mortgage OP 2024 £7700/7000

    Mortgage balance: £36,210


    Money making challenge £38/400

    ”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)
  • KajiKita
    KajiKita Posts: 7,806 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    Lovely news 😊
    I am smiling from ear to ear here (and crossing my fingers! 🤞😉)

    KK
    As at 15.08.25:
    - When bought house £315,995 mortgage debt and end date at start = October 2039 - now £232,244
    - OPs to mortgage = £12,048  Interest saved £5,675 to date
    Fixed rate 3.85% ends October 2030

    Read 43 books of target 52 in 2025, as @ 17th August
    Produce tracker: £299 of £300 in 2025

    Watch your thoughts, they become your words.
    Watch your words, they become your actions. 
    Watch your actions, they become your reality. 
  • dawnybabes
    dawnybabes Posts: 3,372 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    So happy for your news x
    Sealed pot challenge 822

    Jan - £176.66 :j
  • savingholmes
    savingholmes Posts: 28,974 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks Jwil, MF, Mark, Merlin, Skint and KK

    I'm sure I would learn loads but right now I'm thinking ignorance is bliss!! I daren't add that to my plate right now.

    MF - On the house - I think this would fit my main storage type furniture - if anything I'll need some to plug gaps. What I need to review is the shed and garage contents as her shed is tiny where mine is probably 10 ft by 12 or larger plus I have a garage. With them having converted the garage - it saves me a later job - but takes away key storage - so I definitely need to streamline the gardening tools and other appliances that might make a mess on carpet or laminate flooring while I sort out more outside storage. I didn't look in her shed with hindsight I possibly should have done but minute would be a good description. Between a quarter and a sixth of mine at a guess. I have cleared a lot of mine but whether I've cleared enough I don't know. My shed is pretty empty - but I have things like fireworks I don't know how to dispose of safely.

    There's a weird mezzanine layer in my garage a bit like a mini loft. That all still needs clearing. My handyman wanted some of it e.g. a cot. I need to see if my sister's kids want the mini surf boards. There's old blinds and all sorts. That's what still wants clearing. I also need to check the contents of my current 'dresser' in the garage - and see if more of that can go. It's books and other similar stuff I think. But I opened a drawer of another unit in the garage and it had tapes in it!! I need to make myself let those go too.

    The new house has a loft - but I wasn't intending to use it - so I need somewhere to put suitcases and a Xmas tree and decorations and the like or I need to ensure that access is very very safe. I have 3 cupboards - coat, airing and understairs here - where she has one. So that's a radical difference to get used to as well. I don't get it but there doesn't seem to be any access to the understairs at all which seems a huge waste of space. At some point I'd love to open that up - and that could become the new Xmas stuff storage area - but depending on the cost might not be worth doing. TBF she has a large porch that she's using a bit like a utility - but again there's no separate utility - and I have 3 cupboards in mine. 

    There will be stuff that can go to DD or one of my siblings or my cleaner or handyman or some FB MP type solution. I'm sure it will sort.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
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