Paying off your mortgage....

[Typhoonftm]

That's the thing though, I think it's that low once it's gone I'm not going to be hugely better off and rather just have the extra money in my pocket now

The sooner you get it paid, the better off you'll be. You can invest the 132 quid into savings and retire earlier.

Why doesn't @Mackem00 do the same?

Spends too much time in the Board inn.

 

[joemcdokes]

The sooner you get it paid, the better off you'll be. You can invest the 132 quid into savings and retire earlier.


Spends too much time in the Board inn.

Well at least he's enjoying life.

 

[The Ghost of ORR]

I'm aiming to be mortgage free by the time I'm 45. I'll be putting a canny wedge away in savings as I don't plan to be working full time past my mid 50's.

 

[Le Chuck]

Must be a nice feeling.

My generation have been priced out of buying our own home.

Only if you live in the south east

 

[The Ghost of ORR]

Well at least he's enjoying life.

It's possible to do both surely? Just because you're paying your mortgage off sooner than most people doesn't mean that you aren't enjoying life?

 

[SA96]

Only if you live in the south east

*Where the decent jobs sit in our lopsided economy.

 

[Sleepy]

*Where the decent jobs sit in our lopsided economy.

Rubbish. Loads of very good jobs up in the north.

 

[Le Chuck]

*Where the decent jobs sit in our lopsided economy.

You earn £18k. Thats enough to buy a house in the north east

 

[Mackem00]

Must be a nice feeling.

My generation have been priced out of buying our own home.

No they havent you silly billy.

Why doesn't @Mackem00 do the same?

I like going out on Fridays.

 

[DisillusionedOldGit]

The "being in debt" bit doesn't bother me but 900 quid a month extra in my pocket would be rather nice.

I bet .

 

[FootballFan]

Aye I just think it was just cos the lads were single. They've ended up in their late 30s and have missed out on all the memories of nights out and holidays away with the lads and now they've got a shit load of disposable income, we've settled down and they don't have lasses as they never went out to meet one.

lucky kernts

 

[Hank Scorpio]

You need to get a healthy balance. I work in pensions and you would be shocked at the number of blokes that break their backs to retire early and then die either just before retirement or shortly after.

 

[Charlestonian]

Aye I just think it was just cos the lads were single. They've ended up in their late 30s and have missed out on all the memories of nights out and holidays away with the lads and now they've got a shit load of disposable income, we've settled down and they don't have lasses as they never went out to meet one.

They’ve got it made like, nee kids, nee nagging, kip paid off. If that’s the life you’ve built why on earth would you want a bewer messing with the program?!

 

[Dan..Dan..Dan..Dan]

Must be a nice feeling.

My generation have been priced out of buying our own home.

I have genuine sympathy for you and your generation. The Nation's obsession with trying to keep house prices on the rise sickens me. I'd take a personal hit if it would help.

 

[Typhoonftm]

I'm aiming to be mortgage free by the time I'm 45. I'll be putting a canny wedge away in savings as I don't plan to be working full time past my mid 50's.

I've just had a sensible moment, where I'm not gonna buy a sports car, and pay the mortgage off 4-5 years early.

I'm aiming at 55 ish to wrap in.

 

[The Ghost of ORR]

I've just had a sensible moment, where I'm not gonna buy a sports car, and pay the mortgage off 4-5 years early.

I'm aiming at 55 ish to wrap in.

As many have said, there's a balance. Don't skint yourself but do without a few things here and there and you'll shave years off.

 

[SA96]

I have genuine sympathy for you and your generation. The Nation's obsession with trying to keep house prices on the rise sickens me. I'd take a personal hit if it would help.

Thank you mate, good to know that selfless people still exist.

 

[Epping]

Mine is paid off but can't settle fully so maybe one up move left in me.

Which would mean another 300k mortgage.

I don't know if I can bring myself to have such a big lump for stamp duty etc.

It might have to wait and would mean moving further out.

 

[SAFCGardian]

We over pay ours to get it paid off quicker. Took a 30 year mortgage 2 years ago and just renewed for 21 years. Hoping to knock another few years off in 2 years time whem its time to renew again.

 

[yamar1]

You need to get a healthy balance. I work in pensions and you would be shocked at the number of blokes that break their backs to retire early and then die either just before retirement or shortly after.

handy for the bairns i suppose.