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.

Zero.
Our last two houses were bought outright.
I'm 48.

I don't think the pound value is especially meaningful as affordability is more relevant.

We owe about 1.5 x joint income, not including bonuses.

However we've also got some other assets set aside to reduce the balance when our fix ends in 2025, which will leave us with a bit over 1x the lower salary. The assets are growing faster than the interest rate on the mortgage so we may actually be clear by the time we get there.

We are 37.

£0
34.

Paid it off earlier this year.

Nil for a few years
50 and 57

Hardly any savings though!

About 160 thousand pounds. 42 and 43

Zero. 48

Zero.
Paid off at 36 (39 now).

145k age 44

LTV 38%

Overpaying and hoping to get rid of it by 55!

Zero
44

It would be much more interesting to provide LTV rate and which region you're in too.

Age 46. No contribution from parents or anyone else other than my own income savings to fund properties.

Property 1.
£20k mortgage. LTV 8%.

Property 2
£100k mortgage. LTV 20%

Property 3
£480k mortgage. LTV 75%

Property 1 and 2 will be paid off in 10 years. At which time I may use the letting income from these properties to pay off Property 3.

I appreciate I am massively privileged.

Equivalent to 60,000 GBP. We are 48 and 59. Plan is to pay it off on my 50th birthday.

How are people paying off mortgages in their 30’s.

felt exciting to finally have saved enough for a deposit , then to see the repayments at 95% ltv is heartbreaking. It will be 35% of net pay on the best fixed rate for 5 years. Not sure if we should back out of the sale for something cheaper or suck it up and hope property prices go up.

206k

39

£0
28

Zero, I'm 54. Mortgage on last home was £75K, with 20% LTV

£167k and I’m 31 😬

How did you do it? Did you inherit anything?

£490,000

Both 45 years old but house worth £1.2m
29 years left but will pay it down within 15 years

435k, 41/42.

£350k at 35 and on my own.

But I don’t see it as a forever home. It’s a nice and quite big house and I could buy somewhere £300k cheaper if I really wanted a tiny mortgage. I’ll probably move somewhere cheaper when kids leave home.

£120k 2 properties.
51 and 57

Paid off recently due to inheritance, age 37. Pretty sad as my dh has no living parents now.

It had about £90k left on it and house is worth about £260k.

Zero 50

40k ish and I'm 39.

6 years and 9 months to go on the mortgage.

£0 and 61. Incidentally I've paid off two mortgages. 1 with exh and one with DH2.