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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:
GertrudePerkinsPaperyThing · 15/06/2023 23:29

£309k

I’m 44

In London so that’s less than half of the value

Would much rather not have such a huge mortgage but I’m tied to this area for reasons

Isyesterdaytomorrowtoday · 15/06/2023 23:22

Without LTV it’s pretty meaningless op

fwiw mid 30s, about 320k bit have quite a bit of that offset in ISAs as we’re still on a v low fix

jcsc · 15/06/2023 23:21

£345k age 43 south east England. Cant buy a shed for less than 100k 😩

wentworthinmate · 15/06/2023 23:14

No mortgage due to second time round for partner (60) wife took all equity and pensions (50%). I had mortgage with ex but due to my age now (50) and partners, will never qualify for mortgage. Rentals forever and I hate it. Jealous of you all!

FilthyforFirth · 15/06/2023 23:08

315k both 38

crapatmaths · 15/06/2023 23:07

£14k
51

staringatthedoor · 15/06/2023 23:04

250k age 38. But we have only been home owners for 4 years.

libraryquery · 15/06/2023 22:52

£123K. We're 42 and 41

JaceLancs · 15/06/2023 22:48

46k I’m 59
would be zero but I’ve had to pay out shares in equity to ex dh and ex DP

Loki64 · 15/06/2023 22:47

Zero.
31.

Irked · 15/06/2023 22:44

@Pussywilloww I hope you are plotting this all out on a graph - let us know what the average works out at 😜

stuckinashed · 15/06/2023 22:38

10k 49

CountTo10BeforeExploding · 15/06/2023 22:05

69k 29

Woods52 · 15/06/2023 22:02

£140k

  1. Single.

Doesn’t worry me. I love my home.

blahblahlandgoogoodoll · 15/06/2023 21:50

blahblahlandgoogoodoll · 15/06/2023 21:48

330k

30

40% LTV

Waxwing23 · 15/06/2023 21:48

£616K. I'm 41.

blahblahlandgoogoodoll · 15/06/2023 21:48

330k

30

Justchatting06 · 15/06/2023 21:41

We plan to put down lump sums when we remortgage - monthly payments are standard 😄

TheHopefulMum · 15/06/2023 21:33

65k both early 30's

MerryHen · 15/06/2023 21:32

Mortgage paid off this week!

Age 34

Borrowed less than we could have, live in the North so slightly more affordable property prices.

sgtmajormum · 15/06/2023 21:26

£43k and I'm 49

DeedlessIndeed · 15/06/2023 21:25

£350K and 29

HoneyIShrunkThePizza · 15/06/2023 21:23

£370k, 32. We are about to sink £220k into renovations rather than pay it down. But surely LTV/salary is more relevant? It is manageable for us.

DadBodAlready · 15/06/2023 21:22

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%

Good call on the remortage👏

Airspice · 15/06/2023 21:20

£35k, house worth around £320k
I’m 52, luckily bought at the right time 27 years ago.