i have broken the chains and now i'm free!
 

i have just paid the last payment on my mortgage:) now what to do?

(1) get another mortgage and move house?
(2) swap the bike?
(3) ive just changed the car but do i change it again?
(4) let the wife have the passat tdi and buy another cage?

Re: i have broken the chains and now i'm free!
 

you lucky git

29 years 6 months still to go on mine and iv copped 5 interest rises in the last 6 months dammit :smt021

answer...

change the bike..... and buy a holiday home..

hope that helps

Re: i have broken the chains and now i'm free!
 

took me 17 years to pay mine, now glad its gone.

Re: i have broken the chains and now i'm free!
 

Well done you. I'm sooooooooooo jealous.

If I was you, I'd get another cage and not tie myself down to another mortgage.


Same here:(

Re: i have broken the chains and now i'm free!
 

Give up work...

Oh yeah, you're a postie, you're only doing part time now anyway ;)


Well done mate. Personally I'd be sticking as much as I could every month into a high interest account of some sort. Buying another place will only put you back where you started.

I wanna move to somewhere cheaper than West London, so I can get the same for less and write my mortgage off. Problem is, there's no work where I want to go :rolleyes:


But you can still go and get an ST :smt023

Re: i have broken the chains and now i'm free!
 

still go and get an ST mmmmm nice thought, my gaff aint an expencive house but now its really mine it open's up doors to do other things like striking:)
as for london i dont know how anyone can afford to live there.

Re: i have broken the chains and now i'm free!
 

Received the first post of the week today!
Thought you were just having the odd day a week?

Re: i have broken the chains and now i'm free!
 

Get another mortgage I think?
Isn't that the way to do it? I think you save money by having a mortgage because of the tax that you save is greater than the interest that you are accruing.

Or is that not correct? I am pretty sure that in Ireland at least, you should have a mortgage at all times for tax reasons.
Like, even if you take another mortgage, and invest that money in something, and use that money to pay off the mortgage, you are quids in.


Somehow.
I think.

Re: i have broken the chains and now i'm free!
 

No tax advantage in having a mortgage in Blighty now.That all ended yonks ago.I'd spend the money on a holiday or doing all those things you wanted to do but couldn't afford.

Re: i have broken the chains and now i'm free!
 

That redemption payment is a nice feeling isn't it.

Trouble is, you will always find something else to spend the money on. don't bother going looking, whatever it is will find you