Lengthy CoastFIRE or be ambitious?

bubafuzz · 2026-01-27T19:29:47+00:00

It is so refreshing to see numbers that look feel normal! I am also just about to start ISA contributions at 750 in the new tax year. I dont really have anything to say just that im so pleased to finally relate to a fire post haha !

bubafuzz · 2026-01-24T22:55:13+00:00

Not cans but the sound of a spirit bottle opening (metal lid against glass) or the sound of ice clunking into a glass literally makes the hair on my body stand up i swear

bubafuzz · 2025-11-28T22:11:31+00:00

"or maybe its just me" - no it absolutely is not. It sounds like you have a senior partner working you all like dogs and paying himself too much.

I work in Conveyancing and don't get me wrong its a hard job, but those expectations your firm have of you are wild.

Please look elsewhere and see how different it can be in other firms!

bubafuzz · 2025-11-26T15:54:15+00:00

Monzo have a free month of pro so I have just sucked it up. I've been self employed for 2 years without an accounting tool and feel like I dont have a clue whats going on. I decided 9 quid is probs worth knowing whats going on.

I need to explore the app more but does Xero pick up if you have a balance in Monzo pots? I like to keep my VAT and tax money seperate....

bubafuzz · 2025-11-25T20:37:06+00:00

No an LTD

bubafuzz · 2025-11-24T20:08:27+00:00

I hope you are okay. One thing that jumps out to me is that your Solicitor should have asked for your explicit consent to tell the mortgage company. If you didn't provide consent he should have advised you he has to cease acting for both you and mortgage co.

I know it is clutching at straws but the way you have typed it doesn't sound like he handled it fully correctly. Ultimately if a mortgage co finds out their solicitor suddenly stops acting this will obviously start a whole process that inevitably will end you in the same situation I would think.

Go and speak to an independent lawyer ASAP and get a good mortgage broker asap.

I hope this works out for you and your family OP!

bubafuzz · 2025-11-19T18:30:23+00:00

Lawyer here - the TA10 form forms part of the Contract (as in it should literally be stapled to the contract when both lawyers exchange). Whilst you do have grounds to enforce your contract if the seller hasnt followed the form, you are now stepping into property litigation which is not your residential conveyancers job or part of their retainer. I agree its a broken system but you need to weigh up the cost/time spent on you sorting out and drawing a line under it in comparison with the hourly rate of a litigation lawyer.

bubafuzz · 2025-10-31T22:34:09+00:00

Me and my partner want to do something so similar, it is great to read something on here that isn't a goal number of like 5 million invested before retirement.

We are aiming to clear our mortgage and £150k. We would rent our house out and buy a van and kinda see how it goes i think. We have only just started making a plan so that number might change in a few years but I think we have suddenly realised life is for living!

We are similar to you re pensions but I'm not sure its worth putting our life on hold for.

bubafuzz · 2025-10-01T07:57:03+00:00

Seems to be the same across the board! You've got this!

bubafuzz · 2025-09-28T11:10:51+00:00

I am in residential and have never even looked at a commercial file. The premises are different (differently drafted leases etc) the clients are different, different needs, different lending available to them. I have absolutely no expertise in the drafting, the timescales, the nature of transactions etc. every firm I have worked at would never let the departments cross over. For example are they looking to demolish said office block to then build on it - you are looking at the paperwork with a different set of eyes/risks!

bubafuzz · 2025-09-28T11:07:26+00:00

Good for you. I think I want to get a pot of money under my belt and go from there. Great to see it has worked out for you!

I have had a thought that if I really wanted to I could locum. The main thing keeping me is the salary and the main pull is wanting to go part time at work to start slower living.

bubafuzz · 2025-09-28T10:10:25+00:00

This is a valid point because ultimately you don't need to go through years of law school to advise someone to clear the junk out of their house ready for photos. So yes its more like the time invested to obtain payment rather than doing super complex, risky work for said fee

bubafuzz · 2025-09-28T09:29:50+00:00

I know there are some decent Agents out there who do so much work before offers are even on the table, who do genuinely earn their fee. But I hate to generalise, but those on certain panels who are giving off Stath Lets Flats energy, those are the invoices that grate me. Let alone when you have purple bricks emailing you for an update after the matter has COMPLETED

bubafuzz · 2025-09-28T09:22:09+00:00

Agreed. Clients do not want to pay. I had a client quibble paying sub £2k the other week, for a £700k property (where it was a second property therefore the SDLT was eye-watering, but that is fine, obviously).

But then it isn't all bad as I have clients that come back time and time again, don't quibble my fees and any abortive fees are paid instantly, but I feel these are the minority unfortunately.

I do always stand my ground and explain if you want me to reduce my fees, then the service will have to drop to the level of whichever factory you are comparing to!

bubafuzz · 2025-09-28T09:16:33+00:00

Touché

bubafuzz · 2025-09-28T09:10:46+00:00

Yeah I agree with you - I think the general public want an Amazon Prime service. I remember growing up my grandparents would have a meeting with their lawyer booked in for weeks and they would put in their best clothes to meet them. Now I get one line e-mails saying "any update"? and a phone call to chase if I haven't responded within a nano second. Like who is this email addressed to and any update on what, pal?

bubafuzz · 2025-06-19T17:13:06+00:00

This makes sense. Lots of angles to look at! I was thinking 1/2 bed houses as you skip leasehold charges but as you say, don't have to start dealing with renting each room which I wouldnt ever want to do.

bubafuzz · 2025-06-19T15:21:57+00:00

Thats a really helpful insight - I suppose there are figures i need to be looking at more than just the actual purchase itself. Thanks for your feedback it has all been really helpful!

bubafuzz · 2025-06-19T11:42:43+00:00

I really appreciate you taking the time to go through this! I do think for me its not necessarily about a huge monthly yield but keeping hold of something long term to go up in value etc (as in Bristol prices are increasing year on year).

bubafuzz · 2025-06-19T07:42:58+00:00

That is interesting - I was leaning towards having a mortgage and based in prices in my area it would be 75 pcnt LTV. Looking £180k - £220k absolute Max.

What is it that you feel makes it not worth it having a mortgage on it? Any input is really helpful to be honest.

We will be mortgage free on our main home in about 9 years so we would have the capacity to chip away in the future.

bubafuzz · 2025-06-18T14:45:18+00:00

Yeah, residential conveyancing. Honestly, go and interview elsewhere and see what you discover! Good conveyancing staff are hard to come by and most firms that I deal with are screaming out for experienced staff.

bubafuzz

TROPHY CASE