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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:
Alittlebitolderandeeperinebt · 13/06/2023 22:40

Lapland123 · 13/06/2023 22:38

Oh bugger
Have larger mortgage at older age than anyone else here!!

Probably not me!

ThankmelaterOkay · 13/06/2023 22:41

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%

Nope. Absolutely no way in early 2023 you got that deal.

CherLloydbyCherLloyd · 13/06/2023 22:41

ThankmelaterOkay · 13/06/2023 22:37

Exactly what I was thinking.

”£2k left on our £150k house” okaaaay

Show quote history

Also income.

Alittlebitolderandeeperinebt · 13/06/2023 22:41

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%

early 2022!

RufustheSpecuIatingreindeer · 13/06/2023 22:41

House was bought for 675k

marangu · 13/06/2023 22:41

Lapland123 · 13/06/2023 22:38

Oh bugger
Have larger mortgage at older age than anyone else here!!

Me too @Lapland123 !

Alittlebitolderandeeperinebt · 13/06/2023 22:42

ThankmelaterOkay · 13/06/2023 22:41

Nope. Absolutely no way in early 2023 you got that deal.

Show quote history

It was Feb 2022- not 2023

GeraltsBathtub · 13/06/2023 22:42

Lapland123 · 13/06/2023 22:38

Oh bugger
Have larger mortgage at older age than anyone else here!!

We are still in our starter home so expecting to take on a bigger mortgage in the next few years!

Missingmyusername · 13/06/2023 22:42

Finished paying, 45.

BrassTrim · 13/06/2023 22:44

43, £1.2m, LTV about 50/50.

Alittlebitolderandeeperinebt · 13/06/2023 22:44

Alittlebitolderandeeperinebt · 13/06/2023 22:42

It was Feb 2022- not 2023

Show quote history

I was wrong it was Feb 2023
The bank (NatWest ) contacted us in late October 2021 and advised us to pay an early redemption and remortgage (was due to end Summer 2022).

Simianwalk · 13/06/2023 22:45

£103k 48
This thread is not representative of my friends at all. None of them about 35 houses (aged 61 to 37) are mortgage free!

Original poster
Pussywilloww · 13/06/2023 22:45

No re income/LTV, we have enough threads on MN about this.

OP posts:
Nomorebeer22 · 13/06/2023 22:45

190k
40
50% LTV

DixonD · 13/06/2023 22:46

I don’t actually know! I think it’s about £270k but it’s a bit unusual as we we borrowed a few times to buy other land. So actual mortgage for the purchase of the house probably has about £135k left. Valued at about £500k.

I’m 40.

user654 · 13/06/2023 22:46

Started at £450k currently £399k
28

Alittlebitolderandeeperinebt · 13/06/2023 22:47

Alittlebitolderandeeperinebt · 13/06/2023 22:44

I was wrong it was Feb 2023
The bank (NatWest ) contacted us in late October 2021 and advised us to pay an early redemption and remortgage (was due to end Summer 2022).

Show quote history

I am not winning- it was feb 2022
I dont think my 3 key works!

Bluebells1970 · 13/06/2023 22:47

Mortgage = zero

Age = 52

Newmumatlast · 13/06/2023 22:47

Tbh the amount you took out and any equity to really contextualises this. We could've been mortgage free in late 30s/early 40s but bought bigger so our mortgage owed figure in isolation could sound like we owe a large percentage of the house value but it doesn't. We could sell and get good chunk due to equity.

lemonsaretheonlyfruit · 13/06/2023 22:48

@Lapland123 possibly not! I am 250k ish and am 50 in July. Single income for 14 years and also had to do interest only for about 6 years. There's a lot of equity in the house but I have no desire to move!

Willyoujustbequiet · 13/06/2023 22:48

hattyhathat · 13/06/2023 22:33

Do you not need LTV for this to be useful?

This.

All a bit pointless otherwise. Being mortgage free at a younger age is not that difficult in a cheap property so it's comparing apples and oranges.

49
48

Darkmodus · 13/06/2023 22:48

Ave age of partners 50
£51k left.

intothegreek · 13/06/2023 22:48

Right now WE owe £50k at 39 and 43 but we are divorcing so I'll be 40 on my own with about £130k

northernlola · 13/06/2023 22:48

Owe £63000
Aged 35

iknowwheretheothersockgoes · 13/06/2023 22:50

£786k 33 years old