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Prosperous soul, mortgage neutrality & creativity Year 2

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Comments

  • KajiKita
    KajiKita Posts: 10,089 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    Those sky colours for the mountain scene sound glorious 😊❤️🤩
    Moving video survey? Is that how it is done these days?

    KK
    As at 17.04.26:
    - When bought house £315,995 mortgage debt and end date at start = October 2039 - now £216,847
    - OPs to mortgage = £18,925 Estd. interest saved = £9,670 to date
    c. 16 months reduction in term
    Fixed rate 3.85% ends October 2030

    Read 31 books of target 52 in 2026 as @ 7th May. 
    Produce tracker: £108 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. 
  • savingholmes
    savingholmes Posts: 29,181 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    KajiKita said:
    Those sky colours for the mountain scene sound glorious 😊❤️🤩
    Moving video survey? Is that how it is done these days?

    KK
    Thanks on the art - I will send you a PM of the image when it's done.

    The video survey is for the removal company. I have one coming in person and another video booked in via What... which I will need to download.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
    2) £2.5K Net savings after CCs 14/4/26 (but owed £1.1K) so £3.6K
    3) Mortgage neutral by 06/30 (AVC £39.3K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 45.2K of £127.5K target 35.4% 8/5/26 (If took bigger lump sum = 67.1K or 52.6%)
    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 £5.4K updated 8/5/26
  • savingholmes
    savingholmes Posts: 29,181 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Well send £200 to my 8% savings account next.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
    2) £2.5K Net savings after CCs 14/4/26 (but owed £1.1K) so £3.6K
    3) Mortgage neutral by 06/30 (AVC £39.3K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 45.2K of £127.5K target 35.4% 8/5/26 (If took bigger lump sum = 67.1K or 52.6%)
    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 £5.4K updated 8/5/26
  • jwil
    jwil Posts: 23,487 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Glad you had a nice weekend and DS likes the house too.
    "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee
  • Blackcats
    Blackcats Posts: 4,471 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    Glad you enjoyed your weekend.  It's good that your DS endorsed your choice of location for your new house.  
    Well done for keeping up with savings into your regular saver.  

  • skint_spice
    skint_spice Posts: 13,743 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I am glad your DS is keen on the area you are moving to.
    Mortgage OP 2026 £860/2000
    Mortgage balance: £31,763

    Make £50 a month Jan £20, Feb £0, March £31, Apr £20, May £20
    Boiler fund £2085/3000

  • lucielle
    lucielle Posts: 11,836 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It’s all sounding positive. 
    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
  • All sounding good, lovely to hear you sounding so positive

    Debt Busting Again in 2026!

    Starting Debt 03.05.26 = £5345

    Clear the M&S Card Starting Balance 03.05.26 £600

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