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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

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:
CherLloydbyCherLloyd · 13/06/2023 22:41

ThankmelaterOkay · 13/06/2023 22:37

Exactly what I was thinking.

”£2k left on our £150k house” okaaaay

Show quote history

Also income.

ThankmelaterOkay · 13/06/2023 22:41

Alittlebitolderandeeperinebt · 13/06/2023 22:40

55
£398,000 (about 30% loan to value)
£295,000 (about 60% loan to value)

On a 5-year trajectory to pay off- what fun
Remortgaged in early 2023 on the advice of the bank at 1.75%

Nope. Absolutely no way in early 2023 you got that deal.

Alittlebitolderandeeperinebt · 13/06/2023 22:40

Lapland123 · 13/06/2023 22:38

Oh bugger
Have larger mortgage at older age than anyone else here!!

Probably not me!

Alittlebitolderandeeperinebt · 13/06/2023 22:40

55
£398,000 (about 30% loan to value)
£295,000 (about 60% loan to value)

On a 5-year trajectory to pay off- what fun
Remortgaged in early 2023 on the advice of the bank at 1.75%

Blindedbythelighters · 13/06/2023 22:39

540k 34 years old 95% Ltv

24252627a · 13/06/2023 22:39

£390 I am 32

AnneElliott · 13/06/2023 22:39

£112k and we are 44 and 51. Hoping to have most paid off before the cheap fix rate ends in 4 years

DaisyLouB · 13/06/2023 22:38

Still owe £121k and have 8 years left to pay. We’re 43 and 44 age wise and our LTV is 25%

borrowed more money 2 years ago to pay for an extension, that was on a fixed rate deal which will shortly come to an end 😫

Lapland123 · 13/06/2023 22:38

Oh bugger
Have larger mortgage at older age than anyone else here!!

ThankmelaterOkay · 13/06/2023 22:37

hattyhathat · 13/06/2023 22:33

Do you not need LTV for this to be useful?

Exactly what I was thinking.

”£2k left on our £150k house” okaaaay

Truestorypeeps · 13/06/2023 22:37

35k and I'm 37

RufustheSpecuIatingreindeer · 13/06/2023 22:37

275k and we are 54

its an interest only mortgage

GonnaBeYoniThisChristmas · 13/06/2023 22:37

About £500k across two properties. Early 40s.

RudsyFarmer · 13/06/2023 22:36

Just over £100k
50

VestaTilley · 13/06/2023 22:36

We owe £543,000 and we’re 37.

MyEyesHurt · 13/06/2023 22:36

About 300k. I'm 39. Soon to have a big birthday and sad that the huge cost means we can't even have a minibreak by the (local, british) seaside to celebrate. My mum went to a far away island for her 50th so I'm hopeful I'll catch up by then.

Purplebunnie · 13/06/2023 22:35

£28K

Both 66

TeenLifeMum · 13/06/2023 22:35

£192k and 41. 17 years left to go 😩

GG1986 · 13/06/2023 22:35

86k
37

TinkysWinky · 13/06/2023 22:34

62k, 38 and 41. Aiming to pay off in next 4 years before low rate fix ends (hopefully!)

Curlyshabtree · 13/06/2023 22:34

38K, I am 53

Sassy31 · 13/06/2023 22:34

353k - 42 & 45

Bicnod · 13/06/2023 22:33

£500k and I'm 44 😱

We plan to sell up and downsize when the kids leave home as we'll never pay it off (interest only mortgage)

hattyhathat · 13/06/2023 22:33

Do you not need LTV for this to be useful?

BravoMyDear · 13/06/2023 22:32

64.5k left. Both 39.

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