What age will you have finished

[Lastchristmasibakedyouatart]

Paying off your mortgage?

Inspired by another thread.
We have what I *Think is a fairly small amount left on the mortgage-around £120 k, but working it out, I think we’ll be around age 69 by the time we’ve finished paying it off, I’m only basing this on how much we’ve paid off so far in the amount of years..69 feels disappointing.
We’re both 45 (Dh and I)

How old will you be when you’ve finished paying the mortgage off and how much do you have left?

All paid at 54.

As it stands, I’ll be 59. I’m ok with that.
We currently don’t make overpayments (not long finished shelling out £££ on nursery fees) but I suspect we will start to once we receive our pay rises next April.

I was 37.

Officially still £325k to pay which on original term would take me to 53. We are putting £40k pa in ISAs though so I’m hopeful that if the stock market picks up we’ll be able to cash those in in a few years and clear the balance when I’m 40ish

Of course - with a mortgage I would have had to work more hours and the renovations would have had to wait, no holidays etc. I guess it depends on what percentage of your outgoings is mortgage 🤷‍♀️

I’m 37 and already done. We were mortgage free by the time we were 34. A mix of saving and selling at a profit means we didn’t have one for long to be honest.

60s I should think. Fingers crossed anyway.

We've recently moved again and have had renovations to do (minor and superficial but still). Also not much, actually nothing, in way of overpayment because our ongoing costs are high; education and so on.

Into my 60s, but I have a fairly low paid job and dcs seems to need so much stuff

I'm 42 and we paid it off last year .

We owe about £130, maybe less now and I will be about 60 and DH 62, but we do plan to decrease the term at some point.

Would have been about 46ish, leaving us money to help dc at uni.
But we selfishly bought a bigger house, as we are near the end of childcare costs. I'll now be 56. Wish I'd married a younger man, as dh will be 65.

DH and I paid off our first mortgage when I was 27 and DH was 30 but that was a small house when houses were cheap. We took on a mortgage when we moved, and another when we moved again. Paid that off at 42 and 45.
DH is senior in IT and get paid a lot. We live in the North so a bit cheaper than London and the South.

Friday. I'm 49. But sadly I inherited money. I'd rather have the mortgage.

So many on this thread have paid off already so early! Crikey!

I'm 51. Paid off mine at 46.

On the plus side, if dc go to local uni or do apprenticeships, they can live here comfortably as adults, rather than be desperate to move out of a cramped house with no privacy, like I did.

169k left, it'll be done by the time I'm 65 if I kept paying off the mortgage, but I'm going to retire at 58, take a lump sum out of my pension and pay it off at 58.

Fortunately we paid ours off when I was 26 and dh was 29 after before dd2 was born. The price of houses now in our area is ridiculous.

I'll be 50 next year and it will be paid off then. Phew!

I'm 35 and have just bought my first house £102k on a 30 year mortgage. If we overpay by £120pm it will be paid off in 20 years but I imagine we will size up our house in between which will obvs cost us more

I reckon 50 or early 50s. 105k still on it, both coming up for 38. Plan to be under 100k by 40.

This is all if we stay together though 🙈

62 probably. But its an upstairs flat. Not ideal as we get older

Sorry for your loss, sounds fairly recent if you’re sorting finances now. We paid ours off a few years ago after my mum died but I’d much rather still have the mortgage.

I feel like a loser. I was 65 and my bloke was 61. But I was 38 when I first bought and he lost 65% of his equity to his ex so we’re not typical.

We will be 69. Don’t want to write how much is left as it is depressingly high. We spend close to half our income on the mortgage due to the rise in interest rates.