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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

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:
Tigofigo · 31/08/2024 09:49

TeenLifeMum · 30/08/2024 21:45

I’m surprised by all the people in their 30s who’ve paid off their mortgages. Considering so many mortgages are now 30 year terms, it seems disproportionate to reality.

Yeah seems crazy to me.

We are mid 40s and mortgage is still over 100k, and we put down a big deposit too. Most people I know still have chunky mortgages.

Houses are around £600k here though so maybe that's why?

RufustheSpecuIatingreindeer · 31/08/2024 10:00

£275k
55

when we were 50 we owed £40k but dh fell in love with another house (to be fair out of love with our house) and we got an interest only mortgage to afford the new one…we will downsize eventually

MewMew101 · 31/08/2024 10:20

Andwegoroundagain · 30/08/2024 21:45

Just paid it off today ! 53

Congratulations!

Gogogo12345 · 31/08/2024 10:23

0 am 53

34and3 · 31/08/2024 18:18

36 and owe £63k LTV 7%

lobsterkiller · 31/08/2024 18:45

About 60k I'm 53.

Eviolle · 31/08/2024 18:49

36 & 37
Currently owe £56k, however it will be paid off in the next couple of months.

ScruffGin · 31/08/2024 22:40

280k age 40

Ryeman · 02/09/2024 12:06

£333k - we’re mid 40s

Sarfar45 · 05/09/2024 12:31

100k ish I'm 44

TheDuck2018 · 05/09/2024 12:32

Mortgage paid off at 51

Holiday27 · 05/09/2024 12:41

115K
22YO

Bibblunders · 05/09/2024 13:11

£27k

I'm 54.

It will be repaid when I'm 56.

Paganpentacle · 05/09/2024 13:12

a/ nothing- mortgage free
b/54

BluebellBlueballs · 05/09/2024 15:05

About 50k left and 8-9 years to pay it.

I'm 47 and feel incredibly fortunate I'm not starting out as a ftb now.

Pibrea · 14/04/2025 17:16

Mortgage free. My house was £94 million and I paid the mortgage off in 31 seconds at the age of 12.

34and3 · 15/04/2025 17:44

£62k. I’m 36 and will have it cleared by 40.

BejewelledCat · 15/04/2025 18:02

£34k

I'm 60. I couldn't afford to buy a home until I was 44 so I was a late starter. I have 3 years left until it's paid off.

netherite76 · 15/04/2025 18:38

£400k (London!)

I'm 28.

JHound · 15/04/2025 18:45

I owe nothing because I am not yet on the housing ladder! 😭.

Ireolu · 15/04/2025 23:07

£405k both early 40s. Booo! DH refers to it as the boot on his neck (flare for the dramatic). It's our first house. Worth around 800k. We have no plans to upsize (we had a look and preferred our house to what we saw - even with small garden/cant justify stamp duty). Will make the changes here when we can afford to.

Jowak1 · 17/04/2025 13:42

£40k. Both 46

PainfulTruths · 17/04/2025 13:46

Mortgage Paid
33

I'd like something bigger but refuse to get a mortgage / increase my working hours so will stay where I am.

Kidsandcat · 20/04/2025 13:52

140K, 49

MellowPinkDeer · 20/04/2025 13:57

595k I’m 41

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