To ask how much your owe on your mortgage and your age?

[Pussywilloww]

Recently remortgaged and the massive rate rise got us thinking. Made me wonder - what is the average people owe? Yes it depends on area/value/when bought etc. But to make it simple I'd be interested in
A) how much owed
B) your age

I'll go first! We owe £115k and I'm 31.

£975k (breathed a sigh of relief when it dropped below £1m 🤣)

37, husband is 40

Large 5 bed in rural Cambs. No inheritance or rich husband here, just bloody hard graft (we’re both renovating it alongside working full time and have 2 small children). When we’re done it’ll be worth £1.75m+.

This thread doesn’t tell us much… we bought our first house together in 2011 for £215k. It had 4 (small) bedrooms and we could have stayed there and been perfectly happy and we would have been mortgage free long ago. But we have moved twice since then and stretched ourselves each time. We absolutely adore our house now and it feels like another member of our family, even if it is expensive to renovate and maintain! My kids have a house and garden I could only have dreamed of.

38k
Aged 39

We will move to something bigger in about 3 years so it'll shoot right back up, depending on what we buy up to 200k gulp. We should be earning much more by then though. Hoping the interest rates and crazy prices drop in that time too.

Paid off
48 & 58

I’m 46 and currently renting but planning to buy in the next 2yrs. So I’ll be paying mortgage until retirement age. Probably 200k mortgage

32 and owe 189k

I’ll be lucky to pay it off before retirement!

£1,200 - 49

I'm 42 and we owe £200,000. Annoyingly though, as we bought my ex out of his half of the house a couple of years ago and had to remortgage. Previous to that I was 37 and only owed £110,000.

140k 28 years old. Probably about to increase it by atleast 100k when we move 😬 but have 200k of equity atleast.

£408k I’m 44 and husband 39

£0 at 27 - bought first place at 21 and paid off the mortgage before moving

£100k at 43 - hoping to pay it off in the next 5 years.

It really depends if you move to a bigger place or not.

£100k, both 60+. We are divorcing so we need to sell now to pay off, split equity and take out new smaller mortgages but still a shit position to be in. Been stuck on interest only for 15 years so now only the sale can repay it but as I say splitting up anyway.

£148k at 32, house is worth £345ish but we’ll be building an extension next year so adding £100k to the mortgage and about &160k to the house value.

Finally someone a bit more like me!

£700k and I'm 37. This is however split across 2 properties, one of which we're unable to sell at present (cladding issues), it's a flat in London. Once this is sold we should be able to reduce this figure by £300k. Overall LTV at the moment is about 68%

260k and we're 33 and 34.
26 and a half years left to pay.

£280 at 32.
Down to 60% LTV.

250k at 33. 67% ltv

I feel lucky, will take 25 years to pay it off but it's ours.

113k, on a property worth 310k (not sure what LTV that is). 16 years left but we’re overpaying - I’m 31.

£120k and we’re mid 40s. Planning on starting to make overpayments soon. Would love to be mortgage free!

24K
58.

0 at 41

180k at 31

just paid it all off recently and I’m 51. The relief of no hefty monthly payment is immense especially with COL increases.

197K over 31 yrs
25

I know a friend colleague who borrowed a stupid amount of her salary (7 x) back in the 00s, same age as me, just got made redundant and she’s got loads left to pay but is doing overpayments. She confided she wishes the smooth talking mortgage broker hadn’t let her borrow that much. She has DH, kids and wealthy parents who I think helped her out financially though.

£101k
43 and 50