Active discussions

Meet the Other Phone. Flexible and made to last.

Meet the Other Phone.
Flexible and made to last.

Buy now

Please or to access all these features

Talk
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:
jcsc · 15/06/2023 23:21

£345k age 43 south east England. Cant buy a shed for less than 100k 😩

Isyesterdaytomorrowtoday · 15/06/2023 23:22

Without LTV it’s pretty meaningless op

fwiw mid 30s, about 320k bit have quite a bit of that offset in ISAs as we’re still on a v low fix

GertrudePerkinsPaperyThing · 15/06/2023 23:29

£309k

I’m 44

In London so that’s less than half of the value

Would much rather not have such a huge mortgage but I’m tied to this area for reasons

ivfbabymomma1 · 15/06/2023 23:31

House worth - £390k
Mortgage left - £170k

Ages 35 & 38

ILoveEYFS · 15/06/2023 23:36

A. Zero
B. 38

Lindyloo23 · 15/06/2023 23:51

Wow good for you at 38

T1Dmama · 16/06/2023 00:12

Paid off mortgage day after my 40th

Seren85 · 16/06/2023 00:16

£106K. Aged 38. House currently worth approx £240k.

Bluedab · 16/06/2023 00:25

£360k

Both 34

WanderlyWagonInWales · 16/06/2023 00:27

Just checked £14,847.02 left
remaining term of 7 years 5 months but we are overpaying currently (monthly mortgage is £185.37)

DH is 49 later this year and I turn 46 next month. We have 3 DS’s.

WanderlyWagonInWales · 16/06/2023 00:37

Sorry, posted too soon. House is worth £190k-200k

AnnieSnap · 16/06/2023 00:45

DadBodAlready · 15/06/2023 21:18

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)

Show quote history

Utter rubbish. The economic circumstances of 40-years-ago bear no relation to current times. I’m guessing your comment is just a cheap jibe on behalf of the Tory party 🙄

PawsAndReflection · 16/06/2023 01:14

552k early 30's

Winecrispschocolatecats · 16/06/2023 01:28

£305k age 53, but that's about 25% of the value. Once our (low, fixed) mortgage rate comes to an end next year, we'll pay most of it down from cash on deposit, which is currently getting a much higher interest rate than the fixed rate mortgage is costing.

Mumuser124 · 16/06/2023 02:35

£250k
33 and 40.
house value £435k

RogersOrganismicProcess · 16/06/2023 02:46

We were mortgage free at 36 & 37, but we live in NW and some of your remaining mortgages are more than the total value of our property (308k).

savethatkitty · 16/06/2023 06:42

A/ $220k AUD
B/ 45

Sunnysidegold · 16/06/2023 07:13

I'm 42

MrsLawrence1 · 16/06/2023 07:23

Zero I’m 38

NeverForgetYourDreams · 16/06/2023 07:32

£181k
50
LTV 26%

NeverForgetYourDreams · 16/06/2023 07:33

17 years left on it

Lostincyberspace · 16/06/2023 07:36

£27'K I'm single and 52.

Noolablue10 · 16/06/2023 07:55

£328. I’m 51

PintoMilk · 16/06/2023 08:27

£320k I'm 43 and single.

SarahSmith24 · 16/06/2023 08:46

£524k
Borrowed £720k in 2017
House worrh £1.2m/ 45% LTV

Joint earnings £310k
Age 38&39