The Retirement Thread
2 lurkers |
176 watchers
Dec 2023
1:40pm, 20 Dec 2023
72,870 posts
|
Merry Lip Gloss
Just received an email from my solicitor. In Scotland when you pay off your mortgage you have to get some discharge paperwork signed off to give to the land registry. Need to wait for letter from lender, send to solicitor for them to sign off and in the meantime be £300 worse off for owning my home 🤦♀️🤦♀️
|
Dec 2023
1:44pm, 20 Dec 2023
1,422 posts
|
Shades
LipGloss that's a very unfair legal obligation to pay £300 for paying off your mortgage. Much fairer if the lender paid it, they've had a shed load of interest off you over the years. |
|
Dec 2023
1:45pm, 20 Dec 2023
72,871 posts
|
Merry Lip Gloss
My thoughts to Shades. I m sure I never had to do that before with the last house we paid off.
|
Dec 2023
1:46pm, 20 Dec 2023
26,122 posts
|
Bazoaxe
We didn’t have any of that when we paid our mortgage off.
|
Dec 2023
1:47pm, 20 Dec 2023
48,945 posts
|
Merry Christmas and Happy NewG(rrr)
As a factor the e.g. £200K that you have paid for your house, which over e.g. 25 years at e.g. 2-5% over the years will have cost you £150K in interest and each house move you will have paid £10K in legal fees and stamp duty etc. and each re-mortgage may have cost you an arrangement fee and/or a fee to change of a few hundreds. So a relatively small, final payment for the privilege of being mortgage free. I envy you!  G
|
|
Dec 2023
2:13pm, 20 Dec 2023
72,872 posts
|
Merry Lip Gloss
Yeah Happy it is a small price to pay so annoying when I've just paid my tax bill as well 🤣🤣🙈
|
Dec 2023
2:17pm, 20 Dec 2023
5,333 posts
|
Roobarb
I'm on the countdown to retirement now My last working day will be 20th Dec 2024 but I'll have annual leave to use to take me up to my official date of 31st Dec In a couple of weeks I'll be able to say 'I retire this year!'.
|
|
Dec 2023
2:22pm, 20 Dec 2023
26,123 posts
|
Bazoaxe
That sounds awesome Roobarb I too am hopeful that this is the last Christmas after which I return to work. I had said June 24 when Mrs axe turns 60. However poor pension performance and a wedding in 2025 to pay for have me thinking Finishing up this time next year does feel like a good target. |
Dec 2023
2:23pm, 20 Dec 2023
24,206 posts
|
Sigh
Excellent, Roobarb! Shall I add you to the waiting room list?
|
|
Dec 2023
2:36pm, 20 Dec 2023
5,334 posts
|
Roobarb
Yes please @Sigh! Is it sad that I have a countdown app on my phone which is counting down the days, hours, minutes and seconds until 5pm on 20th Dec next year?
|
Marmite Useful Links
FE accepts no responsibility for external links. Or anything, really.- Money Helper
- How Much is Enough to Retire On?
- Retirement Living Standards
- How much will you need to retire?
- Free Govt website for pension advice
- SIPP pensions
- ISAs
- Check your National Insurance contributions
- Check your state pension account
- Martin Lewis on pensions
- Support and advice for those widowed under the age of 50
- Power of Attorney information
- Making the most of your retirement
- 20 tips for a happy retirement
- Married Couple's Allowance
- Aviva guide to retirement planning
- U3A
- U3A Local Sites - map
- Make a Power of Attorney
Related Threads
-
Any pension experts out there?
Oct 2024
-
Writing a will.
Nov 2022
-
Energy Bills
Jan 2025
-
Saving Money Tips
Aug 2023
-
Any benefit geeks can help me?
Mar 2023
-
Selling things
Feb 2023
-
Anyone here freelance or self-employed?
Jan 2024
-
Accounting Question
Oct 2017
-
How do I declare extra income to the HMRC when I've always been on PAYE?
Oct 2016
-
Home book keeping for the compleat Fetchie
Mar 2024
