Ten Year Countdown

Jami74

I got my first mortgage in September, £162,000 over 20 years at 4.84%, fixed until April 2029.

Ten years because....hubby reaches SPA then and I am hoping to be in a position to work less and spend some of his retirement with him. 

A lot can happen in ten years, it's likely that my dog will be no more  and I may have grandchildren   . Although, it also doesn't feel like very long. But I will be old then, older than I am now.

Five year plan: New windows/doors, new kitchen.

Plan: Overpay by some each month, meanwhile put a little into Cash ISA for repairs/improvements/buffer in case of interest rate rise, put a little into SIPP to support a pre-SPA retirement (will have a decent DB pension).

Jami74

December 2024: Remaining mortgage term 19 years and 10 months.
Overpayment: £260
Cash ISA: £300
SIPP: £100

Jami74

January 2025:
Mortgage: £160,938.73
Term: 19 years and 9 months
Overpayment: £260
Cash ISA: £200
SIPP: £100

Jami74

February 2025:
Mortgage: £160,285.73
Term: 19 years and 8 months
Overpayment: £260
Cash ISA: £250 (£50 YouGov)
SIPP: £4500 (found myself surprisingly in the higher rate tax bracket)

Jami74

March 2025:

Mortgage: £159,629.68
Term: 19 years and 7 months
Overpayment: £260
Cash ISA: £1000
SIPP: £0

Jami74

April 2025:

Mortgage: £158,907.28
Term: 19 years and 6 months
Overpayment: £300
Cash ISA: £200
SIPP: £200

seventh88

Well done on your overpayments and investments. Keep going, it all adds up 

Jami74

May 2025:

Mortgage: £158,205.42
Term: 19 years and 5 months
Overpayment: £300
Cash ISA: £200
SIPP: £200

Jami74

June 2025:
Mortgage £157,479.63
Term: 19 years and 4 months
Overpayment: £300
Cash ISA: £200
SIPP: £200

Jami74

July 2025:
Mortgage £156,771.84
Term: 19 years and 3 months
Overpayment: £300
Cash ISA: £200
SIPP: £200

Jami74

August 25:
Mortgage £156,040.35
Term: 19 years and 2 months
Overpayment: £1
Cash ISA: £
SIPP: £