Owning your own home

https://www.quora.com/What-are-the-historical-returns-of-accounts-with-Nutmeg

This reckons ~5% but that's with £1000 in for over 9 years..
https://frugalstudent.co.uk/index.php/2017/02/05/nutmeg-investment-review/

Over paying.
Savings.

You guys with your no childcare costs.

Mums & Dads thread is over there, you planet-killing breeder scum >>>

:-*

Think of the dividends when they reach chimney sweeping age though.

We went with their Henley range which are polymer rather than MDF or hardwood - they're the middle range in terms of cost.

Ours were a shade under £3.5k for the three.

Well. I've never been so insulted.

Is this the wood burning stove chat?

Woot!

Worked it out at 18 years (my mortgage period) and 2.25%.

Overpaying £500 a month would save interest of ~ £15k (and mean that the mortgage was paid off in 11.5 years).

Investing £500 a month at 5% compounding for 11.5 years would generate interest of ~£24.5k.

I've just discovered that this spreadsheet has a nice option for comparing savings to overpayments http://www.locostfireblade.co.uk/Downloads/MortgageSpreadsheet/Mortgage%20Schedule%20Calculator.xls

I had shutters fitted 18m ago, Front Room, Bedroom, Bathroom and Bedroom. I think it was £4k all in...went with Diamond Shutters in Sidcup (10min walk down the road for me)

TBH they made an utter cock of the front room as its an odd shape and huge but the other rooms were fine. They also did my in-laws, they have been very pleased.

I think our front room debacle stemmed from us wanting the solid panels at the bottom to work independently from the top. We could not have this and then it lead to confusion as to what we were actually getting. With the final product below, my annoyance was with the owner who responded with, 'I did try and tell you it would not work but you insisted' trouble was he did not sketch anything out and the final product I had in my head looked different.....As we had no signed drawing to fall back on it was a bit of a botch. We have a right angle to the left which pushed the frame out from the left meaning everything shifted over....we should have had 5 separate panels so the frames aligned

This is from the outside:

So that's assuming you can make 5% all the time and that interest rates don't rise (which is an unlikely scenario with 18 years).

Does it take into account the 6.5 years of being mortgage free? That's 6.5 years you can invest your previous mortgage payments and the overpayments.

Well that's where it gets complicated.

For instance a rate of around 2.25% going up to 6% after 7 years roughly matches up with savings at 4.5% per annum.

That 6.5 years of being mortgage free is matched by the decrease in your cash (i.e. you've paid off at the end of 11.5 years but with no savings or you've got ~ £95k in the bank at that point and a mortgage of ~£85k).

It's obviously not set in stone but it is worth considering whilst you have low interest rates and can get decent returns. There are further considerations in terms of overpayment restrictions, early repayment fees, etc.

At the moment the ability to access the cash is the key consideration for me. Although you can get cash out if you overpay that is limited to that mortgage deal, you won't be able to get that cash after you've remortgaged (unless you do it at the start of the mortgage with a higher principal).

Our moving-out-of-london-house-sale-ISA has made just over that in just under 4 months (via some randomly selected funds on Vanguard). Obvs it depends which day I look at it but the graph is trending up.

Everyone has to make their own call. For me I wanted to be clear of debt as fast as possible because who knows when the rates were going to go up. I'd heard of horror rates in the 80s. The more you can overpay early the quicker your debt disappears so if rates do go up and you can't afford to overpay you've already removed as much debt as you can. Also, in my mind, clearing debt is a certainty whereas making money on investments is not (I don't have time to pick a scheme let alone pick shares, etc).

I'm not sure what you mean re: remortgaging. I remortgaged (with the same lender) for a better rate and I keep all my overpayment 'surplus'. Not that I'd even considered taking it out again but it's possible. Maybe it's an issue going to another lender?

Grand Designs?

http://www.rightmove.co.uk/property-for-sale/fullscreen/image-gallery.html?propertyId=69567890&photoIndex=0

Snoozed for a day in getting my details over to the mortgage adviser to lock down the deals he had found me, and in that day, all the banks decide to increase their rates in anticipation of the BoE interest rates announced next week. Annoying.

Ground Designs?

Even I knew that was coming and I don't watch the news. Wakey wakey!

What did it change by? BoE is supposed to be considering 0.25%

Not as much as that. 0.15%. That's still £40 a month I could be spending on drugs and alcohol.

That's my beer budget for the first 20 minutes of a 'work do'.

Still low rates though so just smash it before they get crazy when Brexit fucks the country.

Auction, though - so the guide could not be much of a realistic estimate
Interesting though, good location too

Except for the cemetery. #zombieapocalypse

How long have you had nutmeg for? Had it for about 2.5 years and my portfolio is up around 25%. Mix of 6, 8 and 10 portfolio (I'm young and fairly aggressive in that respect, know I'm not going to get a house soon without some risk).

Cemeteries make for the best neighbours, they don't have parties, kids or noisy pets.
Rarely sign for your deliveries though.

(Also incredibly popular, people are dying to get in there)

This is why I was so fucked off that my new rate didn't start when my MA said it would. Still not sure who fucked up, him or the bank, but he managed to get it locked down in time. Still no update on the extra £90 I paid in interest last month.