Originally posted by alreadypacked
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Mortgage Payments - WHat Do Feel Comfortable Paying
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Originally posted by Lockhouse View PostAll going well I'm mortgage free in September
Have nice house and not planning to move again. Thank ****** for that.Hard Brexit now!
#prayfornodealComment
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Im about to downsize (smaller flat in same good area) which will mean I will have a tiny mortgage which will be paid of in less than a year. Done the big house thing, but unless you have a large family you only use a few rooms. Once we are mortgage free will be taking 3 months in the summer off every year spending it in Greece where we have property.Comment
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£3k a month just sounds unbelievable to me and i assume a lot of others who dont live in London. I'm 30 mins by train from central London in a 2 bed house worth 130, renovate and pay it off in 5 years then never have a mortgage again. Everything would feel so much better not worrying about a mortgage and the size of the warchest can be drastically reduced meaning lots of time off between contracts with no worries at all.Comment
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Originally posted by Mich the Tester View PostAh, but the SE is also the busiest, stressiest part of the UK; fine for working, but someday you'll want to leave and live somewhere more easy going, and that's where I think you'll find some real bargains in about 10 years as the boomers leave their houses for homes or the grave.
I have 3 houses in the SE, which I am putting up for sale next year, and I will be mortgage free.Comment
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Originally posted by sasguru View PostWell done. What you planning to do? Life can become so much more creative when you don't have to pay rent/mortgage, provided you're not greedy for "things".
I'll be taking more time off for sure. It's just nice to have the pressure off really and be able to throw a sickie or two if I feel like it.
I should add we can't take long holidays at the moment as my 85 year old father-in-law lives in our annex and can't be left for more than a week or he forgets where he lives. Otherwise we'd be travelling....my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...
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Originally posted by Lockhouse View PostI've learnt things don't make you happy, it's people that make you happy.
I'll be taking more time off for sure. It's just nice to have the pressure off really and be able to throw a sickie or two if I feel like it.
I should add we can't take long holidays at the moment as my 85 year old father-in-law lives in our annex and can't be left for more than a week or he forgets where he lives. Otherwise we'd be travelling.Comment
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Owning your own residential home and it being mortgage free is the ultimate way to be. I am advising my clients to pay down their mortgage as quickly as possible through overpayments whilst the cost of money is still historically low.Comment
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