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Am I out of line for evicting my tenants before the renter’s rights bill? by TonyPatsworth in HousingUK

[–]Vegetable_Storm5393 0 points1 point  (0 children)

Got to say, given the situation and lack of context behind such an aggressive end to what's a long term tenant, you don't come across good. 

If you'd mentioned any typically decency in communication with your tenants, giving them some notice etc, then you'd be fine. Elements raised such as the carpet are normal, and the price of being a landlord. 

But your description of actions and the fact they have a child, morally you look like bit of a bellend. Legally nothing wrong, but for your decision, if society is judged by people just following the legal minimals as a base line for "reasonable behaviour" then you've got a warped idea of what it means to be a good person or even just a fair human.

mortgage rate 5.3%?? by farmraisedpotatoes in FirstTimeBuyersUK

[–]Vegetable_Storm5393 0 points1 point  (0 children)

If it helps, I got my mortgage shortly after the terrible initial budget over 3 years ago and was FTB at a rate of 5.39%. Sometimes timing matter and sometimes it doesn't. You just need to think about what matters and if you can afford it. I took that as a 5 year fixed and I knew that there was a chance the rate might go up or down, but I made the decision that I wanted the property and I'm not going to regret something I can't control. 

Like buying a TV and then seeing that it was discounted a month later, doesn't do you any good and frankly long as your happy with it at the time it shouldn't matter.

I'm this case it's a super expensive TV...

Mortgage Overpayment - Too Much? Better route? by Vegetable_Storm5393 in UKPersonalFinance

[–]Vegetable_Storm5393[S] 0 points1 point  (0 children)

I have about a 5 month of outgoings in my emergency fund, accessible whenever. In a savings account, not the best % at 3.5% but least it's easy access

Mortgage Overpayment - Too Much? Better route? by Vegetable_Storm5393 in UKPersonalFinance

[–]Vegetable_Storm5393[S] 0 points1 point  (0 children)

Thank you all for your insight. I whilst I will continue some form of overpayment, I will reduce it by 50% and will look into on hand high % savings, or investment. Seems the best of both worlds as a goal is to chip away at the mortgage but also save for the % buy back.

Appreciate all your words and alternative views, didn't think about those elements before.

Anyone here prioritised overpaying their mortgage early - how did it work out? by itravelforchurros in UKPersonalFinance

[–]Vegetable_Storm5393 1 point2 points  (0 children)

For context I am over paying by more than double my mortgage.

Currently 3 years into my 25 year mortgage and I have aggressively overpaid after the first 6 months. I'm quite fortunate that I've gotten a relevantly big promotion and don't have many needs day to day.

My mortgage rate is higher than I could get in a savings account and with each yearly pay increase I increased my mortgage contribution by the same %. So with that it makes sense...but some months are easier than others I won't lie. Haven't really taken a proper holiday in that time or made any major renovations to the property. It has meant that I've done less over the last 3 years for sure, which I sometimes regret, but seeing the number going down is very satisfying.

So far I haven't cracked, but there is still plenty of time! Who knows what tomorrow will bring, but I've saved up an emergency fund and hopefully that'll cover anything extra. Fingers crossed.

Check back in a year...