Mortgage thoughts

[ChimpMaster]

Depends on a number of things .... firstly £150k was the largest my mortgage ever became, and this was on a property of £375k I, as is common, took a small salary and topped up to c.£40k with divs (also dropping a lump into my pension each year via myco). My wife was salaried and earning just shy of 6 figures so she covered bills, hols, drugs and partying whilst my lump sum divs each year went straight to the mortgage. We cleared it in just over 3 years

Not that hard to do if you have no kids and wife/partner earns a decent salary too.

Only Cams?

Didn't work out too well for my wife so we took another mortgage out.

[GhostofTarbera]

Depends on a number of things .... firstly £150k was the largest my mortgage ever became, and this was on a property of £375k I, as is common, took a small salary and topped up to c.£40k with divs (also dropping a lump into my pension each year via myco). My wife was salaried and earning just shy of 6 figures so she covered bills, hols, drugs and partying whilst my lump sum divs each year went straight to the mortgage. We cleared it in just over 3 years

Not that hard to do if you have no kids and wife/partner earns a decent salary too.

London you could get a shed for £375K is it up north somewhere ?

What’s the point in a pension if Covid 19 will kill most oldies ?


Sent from my iPhone using Contractor UK Forum

[Whorty]

London you could get a shed for £375K is it up north somewhere ?

What’s the point in a pension if Covid 19 will kill most oldies ?


Sent from my iPhone using Contractor UK Forum

London, but almost 20 years ago. It was a very nice shed, felt on the roof and everything

Thankfully I'm not an oldie eh And even if I do cark it, that's still less money going to the government in taxes so still a win

[Whorty]

Only Cams?

Didn't work out too well for my wife so we took another mortgage out.

"Only Cams"?