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.

Sounds like you're living in a massive house / nice area though

530k

We’re 32 and 33.

But we also have a buy to let that if sold would pay off 70% of the loan. But aim is to pay off the 530 as quickly as possible.

£140k 28

Those with mortgages of over £1 million, what are you earning and can you describe your houses? I’m assuming they’re all in London? Had similar mortgage offer when we looked to upsize but currently have zero mortgage. Slightly torn as though payments would hurt, our money is worthless at present thanks to inflation so you’re better off with debt.

£26000, We are 40 and 41, got the mortgage for the house in 2005

I have a house valued recently at £1.3 million- northern town - semi
There are lots of million pound properties all over the country these days .

£0

29 and DH is 30.

its only £0 as we used inheritance to buy a house outright.

A) 400k
B) 31

We have about 200k in house equity though

£440.00 age 59

£120K

50yo

I'm not telling you how old DH is

But that means nothing- you have no idea if we're nearly paid off or have another 10/15 years to go, as you've no idea how much we earn.

And MN is hardly "average" - its full of extremes. Either people are living comfortably at in 18k pa or struggling on 120k. Or living very well indeeed on a joint income of 75k.

It's all nonsense

£190k
41

Am glad I am not the only one... we thought this was our forever home but we ain't ever going to be able to afford it.

Sorry, what?! How does this work?

£158k and I'm 42. We have a lot of equity but since this mortgage will be done soon - we refinanced into a much shorter term - we have no desire to cash out.

£70k

33

£168k
38

215k- I'm 33. We'll be buying a house soon though, so may be more like 400k.

@Alittlebitolderandeeperinebt There are indeed many expensive places to live but I would argue a disproportionate number of the seven figure mortgages would be taken out by high earners who are still concentrated in the capital. And many probably still have loads of equity. Eg because of crazy prices, our end terrace is ‘worth’ about 1.7m which we don’t owe anything on but to get a slightly bigger garden just two miles away, we need almost another million. But to get a million pound mortgage and service it you need a high income and lots of equity. We do for now but our time is running out!

Varies but typically £6-700K inc investment income and gains on share trading etc.

Don’t want to say too much as outing but 7 bedrooms in Bucks with 360 degree stunning views of rolling countryside.

Recently divorced hence the high mortgage.

@ThePuma you’re under geared! House sounds lovely. What do you do? Business owner or financial services employee?

That’s just the debt on my main home. Total debt more like £4m!

Business owner.

£82k , 34

I’m 23. Own 4 x seven bed mansions outright (each with its own pony and private forest). Paid all my mortgages off when I was 15 years old. No inheritance just sheer hard work.

Mumsnet is insane. Surely some people are just making this shit up 🤣

1/ zero, paid off 17 years ago
2/ 51

£10k 45