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.

£220,000, I'm 26 🫠

£500k to pay, LTV 35%. North east London.
We are 51 and 54. Joint income circa £300k.
Unlikely to pay off before 65 yrs old.
Hope to make inroads once the children are out of private schools and universities.

We were never canny, very risk averse. Severely under geared on first house. My advice to younger people is that sometimes taking no risks is the biggest risk of all!

We may take a lump sum out of DH’s pension when he turns 55, to pay down the mortgage.

We have never inherited and are unlikely to.

40k 55

Eh, how’s that? Do you mean with rates going up the amounts will be loads higher?

Yes I mean exactly that, people will owe into the hundreds of thousands in their 30s. Having your mortgage paid off in your late 40s or 50s will be a huge anomaly

Zero - never had one since 20 now 41

Would give it all back for my dad to be here

Your monthly repayments must be astronomical?!

36 - Never had a mortgage and probably never will. Born and raised in London paying extortionate amount on rent instead!

75k we’re 38 & 40 I could clear it but that would take every bit of my savings

@FlyingSoap I’m in my (late) 30’s and owe over 300K 😬 didn’t realise this was even remotely outside the norm until reading this thread!!

£165,000 over 2 properties aged 48.
Had to start over with no equity at 40 so feel ive done well all things considered

Borrowed £2.5 mil
Owe 200k
Aged 48

Mortgage paid off.
52.

£80k

42 years old

22K; age 59. Will be paid off next year.

people will owe into the hundreds of thousands in their 30s

That’s already the case for most FTBs in the SE in the last 10-15 years!

20k 53

About 210k
I'm 43 husband is 39

Paid it off last year, 36

£420k, I’m 31. It’s got 24 years left so would pay off at 55 assuming we kept term the same when we remortgage.

I don’t know many people my age without a mortgage of at least 300k tbh. Only those still renting.

Currently owe £60k but house is about to sell and I’m moving to house I can buy outright AND pay off mortgage.

I’m 58 and been paying a mortgage since I was 22. Can’t bloody wait for mortgage payments to stop 😊

132k 48 and 51

£610k and we are 33 - also just found out (on mat leave) that there’s a good chance I’ll be made redundant, not looking good!

£110,000 55 & 56
have a lump sum in savings to pay chunk off in 3 years when fix ends. LTV 12.5%. Hope to be mortgage free by 60.

43 and owe £230000