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Watty's Awakening

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  • KajiKita
    KajiKita Posts: 8,074 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    This is all coming on really well 😊👏

    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 = £12,148  Interest saved £5,738 to date
    Fixed rate 3.85% ends October 2030

    Read 50 books of target 52 in 2025, as @ 13th September
    Produce tracker: £385 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. 
  • greenbee
    greenbee Posts: 17,921 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    When you've finished with your builder can you send him over please? Mine didn't turn up last week to look at what needs doing and I REALLY need the dog flap turned into a cat flap and the sitting room door blocked up. 
  • Well done Watty, you are proving you can do amazing things alone and live a rich life 😁
    Mortgage start date Nov 2014  - £90,545 over 25 years
    Re-mortgage Oct 2017 - 78,295 over 23 years
    Re-mortgage Jan 2020 - 55,000 over 26 years @ 1.94%
    Current Mortgage Outstanding Middle December 2020 - £
    47893.35 - a reduction of £42,652 in just over 6 years!  


  • savingholmes
    savingholmes Posts: 29,049 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Well done Watty, you are proving you can do amazing things alone and live a rich life 😁
    So agree with this. You are being very resourceful and developing your skills and contacts. All good.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £172.5K Equity 36.11%
    2) £1.8K Net savings after CCs 13/9/25
    3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
    (If took bigger lump sum = 54.5K or 42.7%)
    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 £4.8K updated 13/9/25
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