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From Chaos to Clarity, and Mortgage Free, in 86 Months 💗
Comments
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Good luck on your journey. My velour throw style electric blanket saves me a fortune.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 -
Thanks StuartP - I might try that from next summer if interest rates stay high, it will be worth keeping the money in my savings account instead of the suppliers 🤔
I think flexibility is the key Swayingseaweed I've noticed that I tend to adjust the plan halfway through the week as I've realised there's something I've forgotten about that needs to be urgently eaten 🙈 or that my local supermarket's had no refrigeration for 3 days... Hope it gets fixed this week, at least I've been eating a lot of salad, which is good for my diet
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Had my expenses payment from work which I thought was perfect timing for OP-ing the mortgage. Mortgage company have other ideas - and said I can't OP as my deal is ending and transferring to a new deal in 10 weeks. Slightly frustrating but I'm just going to add my OP amounts to savings each month, ready to send across once I've started the new deal.
Hope everyone has had a good weekend
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Surely if you have some of your 10% left you should be able to OP. Sounds really weird. However a lot of savings accounts currently beating the benefit of mortgage OP so as long as you set it aside it is still a win win.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 10/10/250 -
It's strange, I definitely have enough OP allowance left. I might give them a call and see if the staff can do it manually instead of going through the automated system.savingholmes said:Surely if you have some of your 10% left you should be able to OP. Sounds really weird. However a lot of savings accounts currently beating the benefit of mortgage OP so as long as you set it aside it is still a win win.
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