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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:
doingitforyorkshire · 14/06/2023 07:07

Paid off
48 & 58

AndDoTheTangoInTheNightTAAAAAANGOOO · 14/06/2023 07:06

38k
Aged 39

We will move to something bigger in about 3 years so it'll shoot right back up, depending on what we buy up to 200k gulp. We should be earning much more by then though. Hoping the interest rates and crazy prices drop in that time too.

Mummybud · 14/06/2023 06:55

£975k (breathed a sigh of relief when it dropped below £1m 🤣)

37, husband is 40

Large 5 bed in rural Cambs. No inheritance or rich husband here, just bloody hard graft (we’re both renovating it alongside working full time and have 2 small children). When we’re done it’ll be worth £1.75m+.

This thread doesn’t tell us much… we bought our first house together in 2011 for £215k. It had 4 (small) bedrooms and we could have stayed there and been perfectly happy and we would have been mortgage free long ago. But we have moved twice since then and stretched ourselves each time. We absolutely adore our house now and it feels like another member of our family, even if it is expensive to renovate and maintain! My kids have a house and garden I could only have dreamed of.

ErnestCelendine · 14/06/2023 06:51

120K and 13 years to go (unless overpay and shorten that, or life plans go go shit and I need to remortgage for whatever reason!)

User186497098 · 14/06/2023 06:51

Zero, we always bought cash, never had a mortgage, age 55

PodgePie · 14/06/2023 06:46

We own two properties which are both mortgage free

41 & 43

Sierra26 · 14/06/2023 06:45

410k, aprox 67% LTV

mid 30s, two incomes

whowhatwhen · 14/06/2023 06:38

Just over a million and we're 40

HarrietStyles · 14/06/2023 06:20

£880k aged 38 and 39 😬

NameChangeSorryNotSorry · 14/06/2023 06:08

350k both age 33
house worth maybe £550?
its depressing. Still 28 years left on the mortgage and expecting the repayments to shoot up when we have to remortgage

Terven · 14/06/2023 06:06

£40,000 and I’m 56. I was mortgage free at 43 but then decided to upsize. I will be mortgage free again at the end of this year because I’m not getting another mortgage.

Thehonestbadger · 14/06/2023 06:02

£243

Im 30, DH is 36. Fwiw that’s less than 50% of our home value though so I don’t feel too badly about it x

forgotmyusername1 · 14/06/2023 05:59

78k
40, hubby 45
In the south east

user1471434829 · 14/06/2023 05:55

£85k 34.

Tryingtomoveisdrivingmecrazy · 14/06/2023 05:25

I’m 54 and have £48k left to pay. Feels never ending!!

EasternEcho · 14/06/2023 05:20

38k (converted from DKK). 51 years old

Sausagesanddogrolls · 14/06/2023 05:19

Zero
44

TerfIngOnTheBeach · 14/06/2023 05:03

0 since 50. Now 57, never felt any bettter off though as all mortgage money used to top up pensions.

DdraigGoch · 14/06/2023 05:00

£85k, 29.

tiutinkerbell · 14/06/2023 04:59
  1. 105k
  2. 32 (sole mortgage)
WaitingfortheTardis · 14/06/2023 04:54

About 350k, mid 30's. It does sometimes feel an insane amount.

Kabbalah · 14/06/2023 04:53

Zero : 42

Jazzybeat · 14/06/2023 04:45

Quite an interesting thread. Some v high in absolute numbers but of course all relative as someone said. From our side we owed about 265k and we are 42 and 38. We have a plan to pay it off in 3.5 years time when our current 1.15% fix expires but it’s a tough plan!

Kidsandcat · 14/06/2023 04:41

140k 47

Was lower but got extension

NoHeavenNoMore · 14/06/2023 04:27

75k
I'm 30