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If I told you that I’ve changed my mind again about the selling versus renting decision when we move to Portugal, would you be surprised?  Probably not!   I seem to do it every month.  Well this time there will be no changes; we are going to rent out the house when we move.

Something happened in August concerning a very dear family member which made me realise that I want/need to keep a base in the UK.  I won’t go into details, however for me, us, it’s the right decision at this time.

Anyways onto happier things: mortgage overpayment progress.

The figures as they stand today:

• Mortgage Balance: £116,797
• House Value £180,000 {approx}
• Monthly Payment £542.34
• Monthly Overpayment £57.66
• Payments left 238 {19 yrs, 10 mths}

We’re still making a small monthly overpayment, however this is set to increase in January as my clever husband received a promotion at work; our thinking is that once the mortgage is paid off, our house becomes an income producing asset.

Mortgage completion target: December 2020 {115 months early}

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