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Are you in ur forties and don't mind telling how much mortgage u have ?

(120 Posts)
Molly333 Wed 16-Nov-16 19:23:44

Hi sorry if I seem nosey but I'm worried about upping my mortgage ( need room) but worried I'm not realistic . The mortgage amount is 145000 , what's yrs ?

GettingitwrongHauntingatnight Wed 16-Nov-16 19:26:16

Why? Its all relative.

kicksupastorm Wed 16-Nov-16 19:27:49

I have £65000 but am paying that alone, currently will be paid off by age 59 but I'd like to renegotiate and pay it off a couple of years earlier if possible.

Bluntness100 Wed 16-Nov-16 19:29:40

It's not the size, it's the mortgage in relation to uour joint income. Our mortgage is about a year and a half joint salaries.

Thatwaslulu Wed 16-Nov-16 19:30:44

I'm in my late 30s, so maybe a bit younger than you expected, but not sure whether this could be helpful. I have 9 years left on my mortgage, it was £45k and I have £20k left to pay.

ITCouldBeWorse Wed 16-Nov-16 19:31:41

I owe 2k on one (yay) and 55k (boo) on the other but I am on v low wage.

As cheap to borrow and you need the room, I'd go for it if affordable on monthly basis. Only going to get harder to borrow as you get older.

How much disposable income do you have?

CaesiumTime Wed 16-Nov-16 19:33:56

It's all relative. confused Some could pay off £145,000 in a few years, for others it would take a lifetime.

NineInchNails Wed 16-Nov-16 19:33:56

I'm 40. I have 25 years left on a mortgage but only pay £500 pm.

eternalopt Wed 16-Nov-16 19:34:29

What's age got to do with it? It's more to do with income surely?

Vinegartitsvera Wed 16-Nov-16 19:34:36

Age 40 and 44. 20,000 left over 3 years. We have thrown everything at it though in last few years.

Madbengalmum Wed 16-Nov-16 19:36:33

39 and have no mortgage, yay.

Chickydoo Wed 16-Nov-16 19:37:59

Late 40's paid off

SpeckledyBanana Wed 16-Nov-16 19:39:53

41, 20 years left, about 1.7 times joint income left to pay.

KarmaNoMore Wed 16-Nov-16 19:40:04

Well... I owe quite a bit but then it is a expensive house in a expensive area so I think I'm doing ok,

I owe about 25% of its value. Will have a mortgage until I retire but the payments are reasonable and compared to paying rent... minimal.

LittleBearPad Wed 16-Nov-16 19:42:26

Late 30s - about £650k. sad

leccybill Wed 16-Nov-16 19:43:49

I'm 36 and DH 42. We owe £85k still.

WhisperingLoudly Wed 16-Nov-16 19:45:35

Late thirties about to take a new one close to 6 figures. Is what it is.

MadameJosephine Wed 16-Nov-16 19:47:14

too bloody much! Just bought ex out so have £117000 left to pay. Planning to downsize if I can as I never would have planned to take that size mortgage out on my own

Babyroobs Wed 16-Nov-16 19:47:56

Late 40's. Just paid it off but might extend it again if we decide to move.

IEatCannibals Wed 16-Nov-16 19:51:06

Am 40yo. 29k left on mortgage.

jelliebelly Wed 16-Nov-16 19:58:14

45 and £250k

SillySongsWithLarry Wed 16-Nov-16 20:01:24

I'm a smidge younger than 30 but have the choice of mortgage free by 40 or bigger house and start again. The leap from a flat to a house here in the SE would add another £100k over 25 years. I'll come back in 10 years and answer your question.

Ta1kinpeece Wed 16-Nov-16 20:01:31

I cleared my mortgage in my late 40's
but I was lucky and bought my first house for £30,000
and every time I moved kept the mortgage end date the same

I could never afford to buy the house I now own at current "values"

MadMadDonna Wed 16-Nov-16 20:09:25

I'm in my forties. £185k mortgage but house is worth £1m+

ITCouldBeWorse Wed 16-Nov-16 20:17:02

I thought lenders liked you to pay back before retiring? So harder to get a mortgage at 50, harder still at 55 etc

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