To ask if you own your home outright, how much is it worth?

House is worth 500k and we decided in our late 30's to pay off mortgage rather than buy a bigger house. Best decision we ever made.

Well l got a 3 million compensation pay out a good few years ago ( took 16 years and attended murder on me .. leaving me horrifically disabled) l bought 3 houses outright.. for myself and two daughters.
One daughter is actually considering selling and down sizing.. now she's divorced so only her and her son.. and wanting a 2 bed bungalow from a 4 bed house.
They are worth between £600.000 and £900.000
But it's cheaper here ( l live round corner from Jane Mcdonald ) mine is similar to hers.

Ours is probably worth about 325k. I am 56 but have been mortgage free for about 8 years only because of dh inheriting. Four bed house so we will likely be downsizing when all the kids have left home for good which could be some years away !

400k, but bought before house prices exploded.

We love the location, walking distance to schools, shops, town, etc and also the fact that there's plenty of parking. House is big enough for us as a family - its only 3 bed, and sometimes would be nice to have a guest room but not troublesome enough to up size and get a mortgage.

£425k maybe. Central England .We are early 50sTook mortgage in 95, repaid in 2018. We were on the verge of moving to a. bigger house when DD1 graduated but she moved away for work so not feeling the need anymore with just 3 of us here. Don’t want another mortgage at our age .

We could be mortgage free now (in our 30's) if we'd stayed in our old house, it was worth 255k but was only 145k when we bought it in 2016. We upsized instead though and have no regrets.

Depends if you also consider it an investment as well. Until Labour remove the CGT exemption that is. Aim big, pay off the mortgage during working age, with the intention of downsizing in retirement. Made much more financial sense when interest rates were lower than house price inflation. In the current climate less so.

We will be mortgage free next year. Early 40s. House valued at £500k.

We became mortgage free when we were 52 and 55 (a couple of years ago) and out house is worth 725k. I also own half a 300k flat which is mortgage free.
I was never in a rush to pay off the mortgage and concentrated on paying into pensions instead.

Hi OP,

Mortgage free at 43, 46 now. House worth about 220k. It is tiny and terraced and I LOVE it. No one can take it off me unless I do something really stupid. It is a fab feeling and I recommend it. If you decide to go down that route just remember to insure it.

Early 50s, mortgage will be paid off this month. House 8s approximately worth £550K, possibly more. We’re intending to move in a couple of years to an equivalent size house in a different area.

Worth around £900k, we owe £25k . We are mid-late forties though

About 220 I think. Mortgage free at 59.

Worth £674k owe £45k, age 56.

Being mortgage free in your 30s isn't common ime.

We are mid 40s and own 2 houses. We've paid off the mortgage on one recently and have 4 years left on the other. 10 years ago we had 2 mortgages, it never crossed our minds to be mortgage free in our 30s as it would have meant selling one house and possibly moving to a smaller house. The mortgages are just bills that we didn't give much thought to, they just needed paying. Houses are worth more than 500k and I'm glad we kept going.

We have no intention of downsizing, even when the kids move out, we like to have space.

Mortgage free in mid 30s, house worth about £260k in Scotland, 3 bedroom detached new build. Some days I wish we'd bought the larger house style but not enough to actually move as we love the house, the area and our neighbours.

In my 30’s. Not mortgage free currently because we are on a low rate but have the liquid assets to pay once that ends and that is I think the plan unless interest rates go down. Worth around 1.2m or so.

Mortgage free, house is a large 4 bed in a sought after area. It is worth approximately £420000. Paid off with an inheritance and a large bonuses that DH earned. I am early 40s DH is mid 50s.
Plan at the moment is to continue living here until both kids move out so will probably be here for another 15 years or so then we will downsize.
Hopefully we should be able to help the kids financially with the sale of this house.

It really doesn’t matter how much anyone else’s house is worth! Do you love your house? If so, there is nothing wrong with having a mortgage in your 30s. Most people have one til decades later.

Mortgage free more by luck than judgment. Rural cottage with a fair bit of land. It’s not that big but family growing up and probably just be the two of us soon so why move …

Could be mortgage free if we downsized a bit and moved about 5 miles but I like my house all the space and the outstanding school and location so I happily pay my hefty mortgage and focus on the now.

( we’d need about 600k to get what we’d need at least )

These threads are so awful, because if someone like me posts the truth, I get flamed for the amount of money my house is worth, and where I live.

Just do you!

Valued at around £400K and mortgage free, but only because we are ancient and original mortgage was taken out years ago when properties were sensible prices, and it was paid off a while ago.

We are not yet mortgage free. We owe £97k against a house just valued at £1.1-1.2m, despite it needing work done. Having just been made redundant, we are using the money to fix the leaky roof (value was based on having a leaky roof).

Likely to be MF in 3 years. House currently 400k + value