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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

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

678 replies

Pussywilloww · 13/06/2023 22:14

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.

OP posts:
Ruesy · 15/06/2023 21:01

53, just under 5k, last payment will be Jan 2025. The early years I really struggled as a single parent and high intrest rates.

DadBodAlready · 15/06/2023 21:12

£0
49 & 53

DadBodAlready · 15/06/2023 21:18

Nellynoowhoareyou · 15/06/2023 19:54

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

Show quote history

Highly likely if Labour win next election. Interest rates may seem high now but nothing like the 70's when mortgage rates were around 15% under the last true Labour Gov. (Blair doesn't really count because he didn't implement proper left wing Labour policies)

Airspice · 15/06/2023 21:20

£35k, house worth around £320k
I’m 52, luckily bought at the right time 27 years ago.

DadBodAlready · 15/06/2023 21:22

Alittlebitolderandeeperinebt · 13/06/2023 22:40

55
£398,000 (about 30% loan to value)
£295,000 (about 60% loan to value)

On a 5-year trajectory to pay off- what fun
Remortgaged in early 2023 on the advice of the bank at 1.75%

Good call on the remortage👏

HoneyIShrunkThePizza · 15/06/2023 21:23

£370k, 32. We are about to sink £220k into renovations rather than pay it down. But surely LTV/salary is more relevant? It is manageable for us.

DeedlessIndeed · 15/06/2023 21:25

£350K and 29

sgtmajormum · 15/06/2023 21:26

£43k and I'm 49

MerryHen · 15/06/2023 21:32

Mortgage paid off this week!

Age 34

Borrowed less than we could have, live in the North so slightly more affordable property prices.

TheHopefulMum · 15/06/2023 21:33

65k both early 30's

Justchatting06 · 15/06/2023 21:41

We plan to put down lump sums when we remortgage - monthly payments are standard 😄

blahblahlandgoogoodoll · 15/06/2023 21:48

330k

30

Waxwing23 · 15/06/2023 21:48

£616K. I'm 41.

blahblahlandgoogoodoll · 15/06/2023 21:50

blahblahlandgoogoodoll · 15/06/2023 21:48

330k

30

40% LTV

Woods52 · 15/06/2023 22:02

£140k

  1. Single.

Doesn’t worry me. I love my home.

CountTo10BeforeExploding · 15/06/2023 22:05

69k 29

stuckinashed · 15/06/2023 22:38

10k 49

Irked · 15/06/2023 22:44

@Pussywilloww I hope you are plotting this all out on a graph - let us know what the average works out at 😜

Loki64 · 15/06/2023 22:47

Zero.
31.

JaceLancs · 15/06/2023 22:48

46k I’m 59
would be zero but I’ve had to pay out shares in equity to ex dh and ex DP

libraryquery · 15/06/2023 22:52

£123K. We're 42 and 41

staringatthedoor · 15/06/2023 23:04

250k age 38. But we have only been home owners for 4 years.

crapatmaths · 15/06/2023 23:07

£14k
51

FilthyforFirth · 15/06/2023 23:08

315k both 38

wentworthinmate · 15/06/2023 23:14

No mortgage due to second time round for partner (60) wife took all equity and pensions (50%). I had mortgage with ex but due to my age now (50) and partners, will never qualify for mortgage. Rentals forever and I hate it. Jealous of you all!