I’m exactly the same, but our total net worth has increased. We are worth more on paper.
I see your point but I suppose you have more equity in your possession?
That's confusing cash with wealth. If my house increases in paper value by £100k and I borrow £100k secured on the equity, I then have a house plus £100k in cash, less a £100k liability, so I'm no better off.
Absolutely did. But the main benefit was the economy, second mortgages based on high equity ratios allowed the public to spend on goods and services and added to the nations growth. This is why governments are keen to see prices rise.
And this was a key component of a decades-long debt-fuelled boom rather than one funded by growth in productivity. Political parties in government always favour that of course because it gets votes because people feel richer. Well the ones that own houses anyway, although even those that don't can borrow cheap and buy lots of stuff on the never-never.
I don't think so, just a bit of financial remodelling required.
| 2022/2023 | Loan/savings value | Interest/dividends |
| Mortgage 1 | £85,000 | £1,861.50 |
| Mortgage 2 | £69,000 | £1,511.10 |
| Mortgage 3 | £72,000 | £1,756.80 |
| Isa | £0 | £0.00 |
| Finance cost | £5,129.40 |
| 2023/2024 | Loan/savings value | Interest/dividends |
| Mortgage 1 | £85,000 | £3,118.79 |
| Mortgage 2 | £69,000 | £2,531.73 |
| Mortgage 3 | £72,000 | £2,377.80 |
| Isa | £84,000 | £2,940.00 |
| Finance cost | £5,088.32 |
| 2024/2025 | Loan/savings value | Interest/dividends |
| Mortgage 1 | £85,000 | £4,879.00 |
| Mortgage 2 | £69,000 | £3,960.60 |
| Mortgage 3 | £72,000 | £4,240.80 |
| Isa | £128,200 | £4,487.00 |
| Finance cost | £8,593.40 |
| 2025/2026 | Loan/savings value | Interest/dividends |
| Mortgage 1 | £85,000 | £4,879.00 |
| Mortgage 2 | £69,000 | £3,960.60 |
| Mortgage 3 | £72,000 | £4,240.80 |
| Isa | £174,610 | £6,111.35 |
| Finance cost | £6,969.05 |
| 2026/2027 | Loan/savings value | Interest/dividends |
| Mortgage 1 | £85,000 | £4,879.00 |
| Mortgage 2 | £69,000 | £3,960.60 |
| Mortgage 3 | £72,000 | £4,240.80 |
| Isa | £223,341 | £7,816.92 |
| Finance cost | £5,263.48 |
| 2027/2028 | Loan/savings value | Interest/dividends |
| Mortgage 1 | £85,000 | £4,879.00 |
| Mortgage 2 | £69,000 | £3,960.60 |
| Mortgage 3 | £72,000 | £4,240.80 |
| Isa | £274,508 | £9,607.76 |
| Finance cost | £3,472.64 |
| 2028/2029 | Loan/savings value | Interest/dividends |
| Mortgage 1 | £85,000 | £4,879.00 |
| Mortgage 2 | £69,000 | £3,960.60 |
| Mortgage 3 | £72,000 | £4,240.80 |
| Isa | £328,233 | £11,488.15 |
| Finance cost | £1,592.25 |
Long answer here , short answer below.
The dividends and growth are based on long term trends. Not a particularly good indicator for five years, but probably the best indicator available.
Six years not seven. We started with £80,000. £40,000 on or shortly before the 4th April 2023; £18,000 on or shortly after 6th April 2023; then £2,000 per month since.
I tend to rent at 20-30% below market value, so my yields are not good - but I have lovely tenants.
There is no magic.
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