Just paid off our mortgage

JJH

Midfield
Paid mine off when I hit 40 , as well as all the other properties.Like most folk I expected some kind of feeling of elation when I got the clearance letter from bank ....however absolute nothing....just looked at it and continued having my morning shite.
Mind it still nice when other people get happy when they have paid theirs off.
 
Paid mine off when I hit 40 , as well as all the other properties.Like most folk I expected some kind of feeling of elation when I got the clearance letter from bank ....however absolute nothing....just looked at it and continued having my morning shite.
Mind it still nice when other people get happy when they have paid theirs off.
Mortgage free at 40 and with a portfolio of properties. Christ
 

tunstallhill

Striker
What is seen as good LTV %? I currently owe about 60% of the value of the house but I'm overpaying massively each month should have it down to 50% by end of 2020. I'm on 4.4% should I be looking at a better deal? I was worried that they would restrict my over payments
 
What is seen as good LTV %? I currently owe about 60% of the value of the house but I'm overpaying massively each month should have it down to 50% by end of 2020. I'm on 4.4% should I be looking at a better deal? I was worried that they would restrict my over payments
You could get a far better deal.

60% is all you need.

I like hsbc's lifetime trackers.

Could look at about 2..19 all in.. which is about 1.69+base
 
You don’t even get the deeds back from the bank these days. They’re registered electronically at the Land Registry.

Still a great feeling though when that letter comes through saying you’re done.

Well done OP.
 

SPUFF

Striker
A grand extra in the kitty every month will mean an extra hol every 3. And we wont be getting fucked over by travelagents in school hols either.
 

Jon Dough

Goalkeeper
You do meet plenty who are no smarter than many a state-schooled kid, but end up in a high-paid profession because their parents have paved the way for them with private education and tutoring though.
Good on the parents and good on the kids I say,but where did you meet plenty and how did you assess their IQ's?
 
Paid my first one off at 40 years old. Got another 4 years later, 1400 quid a month, that will be getting paid off in the next 5 years I hope, hate the feeling, but wanted a base in the uk for us, and something the boys now getting older can use in future.
 

EDGE

Winger
Paid mine off when I hit 40 , as well as all the other properties.Like most folk I expected some kind of feeling of elation when I got the clearance letter from bank ....however absolute nothing....just looked at it and continued having my morning shite.
Mind it still nice when other people get happy when they have paid theirs off.
Yep, me too. Was going to go home and kiss the wallpaper exclaiming "You're all mine" but nowt! Very disappointing.

Saves you a canny bit of dosh every month mind.
 

EDGE

Winger
You don’t even get the deeds back from the bank these days. They’re registered electronically at the Land Registry.

Still a great feeling though when that letter comes through saying you’re done.

Well done OP.
You can have the paper ones as they are recorded electronically. Make very interesting reading especially if the property is old.
 

Metalmicky

Subs Bench
Me and the girlfriend are both free of mortgages. I paid off mine 10 years ago and she got rid of her's about 3 years ago after I convinced her to overpay on her mortgage. When we got together she was paying about 4% interest on her mortgage and paying the minimum back to the bank - she also had a very expensive shoe habit. Luckily she is on a good whack and managed to clear her mortgage - which had about 15 years to run - in about 6 years - whilst living in my house rent free and letting out her own house. She still rents it out for £800pm, so we use that money for holidays...

By contrast, my next door neighbour and his wife have been paying their mortgage for about 25 years - I doubt he has changed (or looked) at the rate he pays and will probably have paid for his house twice or three times over by the time he finishes paying it off...
 
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