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Original poster

If you’ve paid off your mortgage, how much is your house worth?

164 replies

Georgeinacan · 13/01/2026 20:39

I often hear people saying they’ve paid off their mortgage on here. I wonder how! Ours is valued at 640 and we owed 300 ish. Obviously if it was worth 350 we would almost be mortgage free. Are people paying their mortgage off early generally in lower valued homes?

OP posts:
LightYearsAgo · 13/01/2026 20:49

The value of the house isn't really related to whether people have paid off their mortgage. People who have paid off will have done so by virtue of age and having come to the end of the mortgage term.

I'm over 50 and if the subject ever comes up in conversation most people in my circle would say they have finished paying simply because they started so long ago

hohahagogo · 13/01/2026 20:46

Because I suspect we are older than you and having owned and sold property for 30 years, dh even longer we had enough equity between us to buy outright. We also chose a smaller less expensive home than the bank would have allowed us to borrow - we had a mortgage briefly due to covid stalling the sale of my house and the bank offered us £700k, we didn’t need even half that in total which the mortgage company seemed confused about

Hatty65 · 13/01/2026 20:46

I paid off my mortgage last year. I would guess my house is worth around £350,000 and I paid £125,000 for it, with a £75,000 mortgage which has taken me a long time to pay off. (In excess of 20 years)

I'm bemused by people who talk about 300 or 400k mortgages as wages around here (Lincs) are low. You would consider yourself well paid on about £35k a year. Fun fact, when I bought my house I was a qualified teacher and earned £19k a year, so a £75k mortgage was quite a lot. I don't know anyone who received an inheritance or had parental help.

Orangesandlemons77 · 13/01/2026 20:45

Worth around 400K paid off for six years.

Soontobe60 · 13/01/2026 20:45

I paid off my mortgage when my house was worth maybe £150k but my original loan was £40K - so I wasn’t paying off £150K

PurpleCoo · 13/01/2026 20:44

Yes my house is lower value. I have a 2 bed terraced, but I live alone now my child is an adult and don't need anything larger.

I don't feel the need to have a larger house that gives me a higher 'status'. I like working part time and traveling lots. I have a fantastic quality of life and enviable work life balance and was mortgage free well before the age of 50.

DamnedIfIDoDamnedIfIDont · 13/01/2026 20:43

House worth £700k no mortgage but im early 60’s and been on property ladder since 19yrs old

CarminaBiryani · 13/01/2026 20:42

Those I know it was buying at young age, 2 incomes, making over payments.

Original poster
Georgeinacan · 13/01/2026 20:42

CleanandLight109 · 13/01/2026 20:41

Mortgage paid off. House wirth 1.4M.

@CleanandLight109 how?! That’s amazing

OP posts:
Original poster
Georgeinacan · 13/01/2026 20:42

Catza · 13/01/2026 20:41

I bought a flat in 2010, paid my mortgage off in 2021. Obviously, it is now worth about three times as much as it was worth when I bought it so I am not really sure what you are asking.

Edited

@Catza oh I didn’t think of that. I suppose what you bought it for and when then!

OP posts:
CleanandLight109 · 13/01/2026 20:41

Mortgage paid off. House wirth 1.4M.

Catza · 13/01/2026 20:41

I bought a flat in 2010, paid my mortgage off in 2021. Obviously, it is now worth about three times as much as it was worth when I bought it so I am not really sure what you are asking.

Original poster
Georgeinacan · 13/01/2026 20:41

@CarminaBiryani of course but I’m wondering generally

OP posts:
CarminaBiryani · 13/01/2026 20:40

So many variables, size of deposit, age at purchase, inheritance, salary, prioritisation of mortgage over pension.