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Wife is mortgage free at 27 after she buys 20k pound plot. Mm.
Just think, you own a real estate asset valued at more than tenfold the amount you spend on it - all without the weight of a mortgage. She plunged into her 70,000 pound saving to buy the Louth wasteland and used the other 50,000 pounds to construct the Raithby Hill four bedded and three bedded pool, which lies within the imprint of a decommissioned pool.
Now, the deputy manufacturer, who travel a lot for work, has her home on Airbnb scheduled as a luxurious vacation available for 245 per pound per midnight. In Channel 4's How to be Mortgage Free, Annie is sharing her mortgage-free schedule with Sarah Beeny, who is exploring ways to own your own home without having to rent from the banks.
Annie, who was willing to spend the cash she had made from a caterer she founded at only 16 years of age, was spending 20,000 of her 70,000 pounds of saving on the site in the footsteps of an old warehouse in Louth. This was a fallow site, which refers to idle land formerly occupied by industry, plants, petrol station or offices.
After two years, her tough work was rewarded in the form of a mortgage-free home that was entirely her own. A WASTELAND? WHAT IS A WASTELAND? These are often former industry facilities such as decommissioned plants, filling station or offices. I wanted to construct a greenhouse myself that is sustainable...looks good and blends into the environment, and that's what I submitted," she says.