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AIBU?

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Original poster

To ask how much your owe on your mortgage and your age?

678 replies

Pussywilloww · 13/06/2023 22:14

Recently remortgaged and the massive rate rise got us thinking. Made me wonder - what is the average people owe? Yes it depends on area/value/when bought etc. But to make it simple I'd be interested in
A) how much owed
B) your age

I'll go first! We owe £115k and I'm 31.

OP posts:
ScruffyGrape · 15/06/2023 17:42

£100k at 38, should have been £70k but we remortgaged a few years back

PetuniaT · 15/06/2023 17:41

Pussywilloww · 13/06/2023 22:14

Recently remortgaged and the massive rate rise got us thinking. Made me wonder - what is the average people owe? Yes it depends on area/value/when bought etc. But to make it simple I'd be interested in
A) how much owed
B) your age

I'll go first! We owe £115k and I'm 31.

That seems OK but it depends on where you live, what the value of you house is and how much you earn.

movein · 14/06/2023 19:58

Zero. Paid off when I was widowed. House worth £1m. Had no plans to pay off mortgage when husband was around, planned to increase it, fix 10 years on low rate and build equity. As it is there is security knowing I never need to worry about paying It off as a lone parent

lazyakita · 14/06/2023 19:33

Both early 40s, owe just shy of 595k. House is worth about £1.3m. We have 20 years left on the mortgage.

TurquoiseDress · 14/06/2023 19:20

£225,000 left on mortgage Grin

We are 40 & 42

SE London borough

RunningUpThatMill · 14/06/2023 19:04

Shit, I'm 42.

RunningUpThatMill · 14/06/2023 19:02

32k, age 43. 2-bed semi worth approx £160k - obviously not London 🤣. Have the savings to pay it off. Fixed rate ends at the end of this year, and to be honest, with calculations at the current interest rates, I'm not that fussed to pay it off, fortunately.

34and3 · 14/06/2023 18:53

£68k on a £900k house. Age 34. Largely bought by inheritances.

Schoolchoicesucks · 14/06/2023 18:40

£160k aged 46.

FelicityFlops · 14/06/2023 18:39

Bought at 42
Zero since 2016, when I was not 60

2kids2catsnolife · 14/06/2023 18:36

When I was 33 it was 200k. But we've obviously moved since then!

sleepyscientist · 14/06/2023 18:34

150k think it's around 50% LTV now it's finished. Still on a low rate so no interest in over paying might pay a good percentage off it when we remortgage in 4 years.

2kids2catsnolife · 14/06/2023 18:34

43
500k

StampOnTheGround · 14/06/2023 18:31

191k - 29

Shadowboy · 14/06/2023 18:31

£362,000 we are 38 and 39.
house is worth approx £600,000 for context

JeandeServiette · 14/06/2023 18:25

67k. Late 40s

Tigersinthetent · 14/06/2023 18:17

330k, 40.

springtome · 14/06/2023 18:17

About £122,000 and we are both mid to late 40's.

Napoleandynamite · 14/06/2023 18:16

320k

26

StrawberryWater · 14/06/2023 17:28

47k

40

It’ll be paid off in 10 years the way things are progressing.

jakesmommy · 14/06/2023 16:24

Approx £36000 left, in October I will have 6 years left on the mortgage, I am 41 now and will be 47 when its paid off.

coffeecupsandwaxmelts · 14/06/2023 15:53

30k.

cocksstrideintheevening · 14/06/2023 15:51

500k 43

LegendsBeyond · 14/06/2023 15:50

Mortgage 105k House worth 520k. Age 46.

Schum · 14/06/2023 15:46

74k
42

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