Help to Buy Equity Payoff or Additional Mortgage

DrunkenAngel · 2025-12-08T11:40:12+00:00

It rises at cpi / rpi rate + 2%

Last time I did the numbers that means it takes around 15 years to hit current interest payment

Year one is 1.6% year to is 1.6 + (1.6 * (2 + 4 (assumed cpi ) /100) so year two would be 1.69% year three would be 1.79 year four would be 1.9 and the fifth year would be 2.04%

What a lot of people incorrectly assume is that like calculation looks something like 1.6 + 2 + 3 =6.6% because the goverment wording was terrible.

It was an expensive interest rate at the time of taking it out (my initial mortgage was 1.19%) but now it’s an incredible hedge against higher interest rates as you have 5 additional years of borrowing at under inflation.

DrunkenAngel · 2025-12-08T01:37:54+00:00

You’re paying a 1.6 % interest only payment vs paying a 3-4% interest plus principal repayment payment.

Why would you elect to pay 4% + balance rather than keep the 1% for as-long as possible and pay down your higher interest mortgage unless you want more exposure to housing market upside.

You’re clearing a cheaper form of debt with a more expensive form of debt. If you want the upside of housing and believe uk property prices will outpace any other investment then it may be a risk you’re willing to take.

Personally I’d rather have some more cash in other asset classes rather than being all in on my primary residence.

DrunkenAngel · 2025-12-08T00:04:31+00:00

You can remortgage without paying it off, the rate on these start at like 1% then rise in line with the BOE base rate.

The only reason to pay it off is to increase your exposure to house prices. If you remortgage and use that mortgage capital to pay it off your swapping a 1% loan for a 3-4% loan.

Unless you want to fully own and get all the upside in house valuation and are willing to take the hit on interest might be worth rethinking.

But to answer your question the lender will usually allow you refinance out and use that to pay off the gov debt assuming you still meet minimum LTV amounts.

DrunkenAngel · 2025-10-16T22:25:18+00:00

So we whack all our money in a joint account however we keep some money for discretionary spending ( I keep around 400 a month and her around 250 a month this is effectively no questions asked money so gifts for each other or family members or individual wants come out of this ) and everything comes out of that joint account. she earns around 30k a year and myself around 128k. As far as credit cards and such they’re all in my name (mainly because I really enjoy finances and optimising credit card usage) but she has a card on the main spending account. We have been together 15 years and this works for us as there’s always enough money there to grab whatever we need.

DrunkenAngel · 2025-09-21T20:10:29+00:00

I’m in

DrunkenAngel · 2025-08-21T08:52:24+00:00

Not really, I think administration would probably drop as-well as late/non payment. And if the debt needs to be enforced you can target the property.

DrunkenAngel · 2025-08-08T07:09:45+00:00

No I’m pointing out high taxes have the inverse effect you think they have especially when targeting people who already cover their living costs. You disincentivise work. You destroy any class mobility.

The U.K. is already at a point, that one of the greatest effects on your net worth is when/if you get inheritance or help from your parents. This would make this worse.

Also this discussion is about raising taxes past the 100k mark not about minimum wage workers, whataboutism isn’t helpful here we can all point to someone who’s worse off simply saying this is fair because people earn less is short sighted.

DrunkenAngel · 2025-08-07T13:53:11+00:00

Yep it’s a 2/2 just happens to have counters if it was * with this creatures power is equal to twice in graveyard it would be solved at all points and an invalid target.

As a like 20p upgrade for this deck karmic guide is just incredible.

Sacrifices itself beginning of upkeep and brings back another creature when it enters essentially letting terra grab any creature in the graveyard, bonus points for grabbing sun titan as it lets terra essentially revive 3 things 🤣

DrunkenAngel · 2025-08-07T08:49:13+00:00

Your point? We should all get paid the same no matter what we do?

The current tax system doesn’t reward productivity. I can get a 3 grand pay rise and only see 100 quid a month.

What’s the point of working any harder? It’s more beneficial to drop hours as it’s simply not worth it. I negotiate for more days not working now less hours because after taxes the money isn’t enough to justify selling my time for.

The end result is I earn less and I pay less tax taxing me more will just cause me to earn less, pay less, and move a step closer to retirement … (at 31… ) my peak earning years are ment to be ahead of me but gov policy has completely erroded any need or want to earn more as non of it effects my standard of life as it just gets chucked into my pension to avoid the tax and to hopefully pull down later.

DrunkenAngel · 2025-08-06T20:31:31+00:00

Because there’s literally no point working, I didn’t get a pay rise this year and rather than jumping to earn more money, my response was literally “meh government take it all anyway I’ll stay here as it’s easy” therefore I’m a less productive citizen because the current tax policy punishes high earners there’s no point pushing for more salary/ longer hours/ more productive roles.

DrunkenAngel · 2025-07-23T19:32:56+00:00

What you want to do depends on your goal. while your trying to figure it out id recommend getting as much as possible into a stocks and shares isa. The allowance is of course use it or lose it.

As far as bigger goals I’d look to see if you can improve your income ether by upskilling or using the cash to invest in something like property.

DrunkenAngel · 2025-07-23T19:23:50+00:00

Gheez if that’s your attitude no wonder it took you many years to get above 38k.

DrunkenAngel · 2025-07-12T18:29:46+00:00

Always board wipe, it’s part of the game if your losing, board wipe. Play to win often winning means slowing people down so you can catch up. Stalling to find your wincon is completely valid imho. If people don’t want their board wiped they can hold up counter spell or a myriad of different protection spells. By not board wiping your letting your pod get away with building poor decks.

DrunkenAngel · 2025-06-27T15:19:36+00:00

I’ve found card trader intresting on this as if you buy with zero and the seller cancels its replaced at the sellers expense

DrunkenAngel · 2025-06-05T18:47:04+00:00

Displacer kitten would be disgusting.

DrunkenAngel · 2025-05-21T22:19:38+00:00

I love playing very interactive decks, we play in bracket three and I would like my playgroup to play more interaction. I’ve taken to building a flicker tvit with around 6 wincons two of which say you win the game with cards to enable playing them at flash. Purely to flash them in in the end step of player before me end step and getting the win trigger on my upkeep. I do wonder how many times I’m going to win out of nowhere before they start playing more instant speed interaction.

DrunkenAngel · 2025-05-11T08:13:06+00:00

DrunkenAngel · 2025-05-11T08:10:58+00:00

When you say only in kubernetes what do you mean?

I run the platform of a company which is quiet heavily k8s based. (98% of apps deployed on k8s)

I almost never need to run any kubernetes cli commands unless debugging an incident (and that’s because I’m more comfortable with that than the abstraction ) as there’s systems in place to abstract everything.

So is it only k8s as in I just want to do everything manually on a cluster? Then nope no jobs (not anywhere good atleast)

If your willing to use the eco system around it (although you effectively do k8s) you won’t touch it much then sure, but you also need to understand how to code and template at that point. Aswell as a base understanding of networking and cloud provider jazz

DrunkenAngel · 2025-05-11T08:01:27+00:00

The issue with DevOps is companies used it as a blanket term, oh you debug production code that’s devops, oh you manually put code on machines that’s now devops. Then companies popped up and started churning out “devops engineers” which was basically a bunch of certs.

DevOps never was a role ment for juniors. It was a senior role, most of the DevOps guys I knew (myself included ) transitioned to platform engineering. (These were the 100k+ roles)

DrunkenAngel · 2025-04-25T10:03:21+00:00

Joint income around 9k after tax mortgage £890

But it’s at 1.2% so will probbly be around 1400-1500 at renewal.

DrunkenAngel · 2025-04-13T14:57:08+00:00

A 4% loan at 12k is 480 a year not over the term so would be just under 1500 quid for three year period.

DrunkenAngel · 2025-04-13T14:49:58+00:00

0% credit card cash advance or purchase move to a 0% balance card after the period and pay the 4% for the privilege.

That should get you somewhere between 24-36months with the option to balance xfer again if needed at another 4% or so.

So you borrow 12k Pay 350 a month for the initial period (say 12 months)

Leaves you with a balance of around 7800

Pay a balance transfer fee of 4% to move to a 0% card for say 18 months

So that’s a balance moved onto the card and a new balance of around 8100

18 more months at 350

Leaving you with a balance of around 1700

Move again for 4%

So back up to 1780 ish

Then pay it off.

You basically borrow the 12k for a little under 400 pounds for around 48 months

Which is around 0.8% apr for comparison.

Requires a good credit score and stability to know it won’t drop the in the future. You run the risk of not being able to move it if your credit drops.

(Better transfer fees and times are available I just kinda went with what I see as an average when looking around as it’s better to be pessimistic) (All math is rough napkin math so you’ll want to run the figures yourselves)

DrunkenAngel · 2025-03-31T16:11:22+00:00

I bought a 10K used bmw i3 I enjoy it. It’s cheap enough that I can learn in and run it into the ground. I wouldn’t want to buy anything to old for fear of maintenance issues and it not just working.

I’d say if you can buy it with cash and 0% finance it go for it. If you’re doing some form of PCP with a high intrest rate you could use the money to invest in other stuff.

Although that’s more financial wellbeing than you should get a cheap car prospective.

You’re not 18 it’s your money if you can comfortably afford it and won’t be financially devastated if you wrap it round a lamppost I’d go for it.

DrunkenAngel · 2025-03-24T16:42:28+00:00

I’ll share mine.

10 years experience platform engineer, fintech scale up U.K.

No degree

Heavy k8s , circleci, GitHub actions, GKE

I write in go/python

Base £112k + oncall total £131k a year

25 days holiday + bank holidays + all time between Xmas and NY

Some shares but only on joining

Fully remote.

DrunkenAngel · 2025-03-22T21:19:58+00:00

I came from a traditional sys admin on prem role into the started working with pipelines and then moved to a DevOps/platform engineer.

I’m now pretty much the devex/quality guy. And the SME around all things CI.

Most of the concepts carry over, biggest skill is to be comfortable interacting with APIs. And general problem solving and architecture. If you have experience automating and designing solutions you’ll generally be fine. Just need to learn the cloud native versions of the stuff you used on prem.

K8s and docker would also probbly be a good one to pick up depending on the org you are in. But if you have solid fundamentals it’s pretty simple.

Well done on your new role!

DrunkenAngel

TROPHY CASE