How old Are you and how many years do you have left on your mortgage

[Lardlizard]

We have 15 years left and are 40

Mortgage free at 23 (obviously through no hard work of my own I just got crazy lucky (unlucky?) with inheritance.)

Paid it off aged 44 following not so happy circumstances.

I’d just about paid off the mortgage on our old house, but have now moved. At 37, we have a 30 year term but we will do our damnest to pay it off in 20 years.

We won't have paid off until I am 61 and dh is 65 at the moment but we have other properties which are our pension pot. Would love to have paid off before then and things are tight but we didn't meet til we were older.

17 years left and I'm 29. DH is 40 though.

32 and 7. Could do it in 4-5 if I stopped being so frivolous.

43 and 20 years left. Seems like a lot longer than many of you. It’s a big mortgage though (over £300k) but where we live is expensive and despite the big mortgage we have decent equity.

I'm 36 and have 11 years left. We have recently done some huge home renovations so all extra money has gone to that. But once that's finished we will continue with the overpayments. Hoping to have it paid off in about 9 years.

I'm 38. Officially I have just under 19 years left, but I've overpaid three year's worth, so if I keep making the minimum payment it'll be 16 years. I'm hoping to pay it off in eight years though.

I am 47. DH is 50.
We have 5 years left.

38, have 27 years to go in theory. But we overpay heavily so in reality it’s more like 15. I’d like to have paid it off by the time DD goes to uni, which is optimistic as only 10 years away. You never know.

Seeing as the average age to pay off the mortgage is 55 I think this thread is over represented by those who are more than happy to say they have paid it off.

Yes! I was just thinking these responses do not reflect the general population.

Seeing as the average age to pay off the mortgage is 55 I think this thread is over represented by those who are more than happy to say they have paid it off.

Always the way. Just like the 'how much alcohol do you drink a week?' threads are catnip to the teetotallers. And the pristine of gnasher will race to post on a 'how many fillings do you have?' thread.

Goodness, it is hard not to feel envious reading these. I am 45 and will be paying off until 65. We both come from pretty poor backgrounds. No family money and no inheritance coming from anyone anywhere so just down to us. I only finished paying off student debt at 35 then got on the property ladder. We have mortgage arrears we need to pay off from when my husband's business had a very rocky patch a few years ago. We can't negotiate a lower rate until we have cleared that.

Seeing as the average age to pay off the mortgage is 55 I think this thread is over represented by those who are more than happy to say they have paid it off

Yes and I've already said that my Dad died and I bought with inheritance from his estate but as I was only 20 when he died Id like him back and sod being mortgage free.

PortiaCastis I lost my parents at a relatively early age as well, and this helped to pay off our mortgage early.

Pointless. Paying off your mortgage at 35 on a property worth £240k versus paying off mortgage on a house worth £1.5m at 55. I know which I would prefer.

43 and with hopefully 4 years left.

Only paid ours off when DH and I were in our 60s. No way would we have been to pay it off any earlier. How on earth are some of you paying it off in your 40s? We had to put two DC through university the same time as paying our mortgage. It was a struggle.

Good point guiloak - ours is our ‘forever’ home till we downsize and spend the cash so once it’s paid that will be it

Am 44, was mortgage free from 29-39, then had a small mortgage (second property), now mortgage free as we sold that. All down to DH working ridiculous hours and buying at the right time many many moons ago. I feel so so lucky that we are in the position we are in. We live in a now very expensive area and there's no way we could afford to buy here if we were starting now.
I don't talk about it with my friends, except my best mate who is also now mortgage free, as I don't like the idea of people thinking we're loaded. We're not, but clearly have a much easier time financially now we aren't paying out a grand a month.

(My hubby told a friend of mine recently that we'd paid the mortgage off. I was quite , and didn't feel I could then ask her for the twenty quid she owed me! Totally my problem not hers, she was really happy for us)

50 - 14 years left to pay it off but will be done in 3 years (fingers crossed)

48, 46 months
DH is 43

We added £60K to it 4 years ago for DH to buy out a retiring director at work. We’d have paid it off by now otherwise, but when we do we’ll own the house and quarter of a business.

30 with 32 years left but we are overpaying so the term should reduce or we should be paying very little towards the end each month.