How old will you be when your mortgage is paid off ?

[LovelyYellowLabrador]

Aiming for before 55

We had the savings to buy as cash buyers, so technically I could have been mortgage-free as a first time buyer aged 29.

Instead we’ve got about 250k left on the mortgage so should be paid off when I’m 40.

Just done it at 59 (and a half)

I reckon I might be about 200😁

My house, 37, inherited some money and it was a small house and small mortgage. Second time bigger house, dh paid off with redundancy payment, 48. Now, bigger house, 250k mortgage, planning to pay off at 57. So I can go part time….

Paid off mine last autumn - I was 65

Probably mid 40s but depends on a few factors

Set to be 58 but overpaying when we can so I’m aiming for 50 ideally.

6 years so 51 it will be all cleared.
I'm single and I think it makes a huge difference if you have 2 incomes coming in to the house.

44 and have managed to buy 3 more in cash through a completely unplanned lucrative tax free career in the Middle East through luck and coincidence more than anything, was never in our plan. We plan to sell 2 for medical care in retirement (in the absence of the NHS or worse, as it is at the moment) and live in one and then exchange the other one for a house in Greece as I have an EU passport, again through good luck.

If we left it running to end of term; 65yrs but hoping to have it gone by 50.

51

54 as it stands but I’m 32 now so who knows what may happen

no plans to move and did renovations to bathroom and kitchen in last couple of years so should just be ploughing through repayments for the time being

I was on the way to clear it by 50, then upgraded to family house in my 40s and would have paid it off by 65 but both sides parents died and we inherited so cleared it early. Which I slightly regret-should have kept a token £10k or something to facilitate easy borrowing later on.

50, can't wait.

61, but overpaying regularly in a bid to make it a bit sooner. Would love it to coincide with our kids hitting late teens / early 20s, so we could help them out a bit more.

55
which seems ages away!! Bought at 29, 1 low income (extremely low by MN standards haha), so repayments are low too but I love my little flat and the life I’ve built

The interest 60 if the rates don’t rise too much

the loan I no longer think about

in other words it won’t be I shall just have to sell and buy a studio

65. If we continue not overpaying.

but I’m planning on overpaying starting October b

Only got it last year, but hopefully paid off in the next 3 years. I'll be 49.

just under 60 - although a lot (good and bad) can happen between now and then!

48 if I go back to paying the agreed repayments. If I continue with the current amount of overpayments, I'll be 37. I might move though and increase the mortgage.

I worked in this sector and I think you are not getting a representative response. More people are older. Late 50 to 65. There are always lots of remortgages due to unplanned circumstances, ie divorce that then can take the lender into their 70's. Younger people buying later will be taking the average age up now, also.

I bought in 1999 at 20 years old and I'd paid off my mortgage by the time I was 22.

But... I have since moved multiple times and I'm now on house 4 with a very small mortgage. Current forecast is 19 years remaining but likely sooner.

This question all boils down to if the house you have is your forever home.

Probably 55 as I'm overpaying at the moment. But I'm highly likely to do equity release in my 60's as don't have a great pension because of working part time for my DD's childhood ...

51, maybe 52. In the next year though.