What age did you pay your mortgage off?

[Reese123]

Out of interest what age did you pay off your mortgage or what age will you be when you anticipate paying it off?

Long time ago, 42-ish I think. Always had 15-year mortgages. Once the mortgage was paid off I started getting the house updated.

I'll be 64 although planning to significantly overpay and reduce that. Went for a long term because of south east property prices

I’ll be 56 unless manage to pay it off early. Got a 25 year mortgage at 31.

If all goes to plan we’ll be 45

We got a 15 year mortgage

I'll be 55. Got a 25 year mortgage at 30. Have already started overpaying here and there. Would like to chop at least 5 years off, but need to sit down and do the maths on 'serious' overpayments. I have plenty of time though as that probably won't be until nursery fees are done.

If nothing crops up we are hoping it'll be done by 40 🤞🏻

If we don't overpay it will run until we are 68.

Aiming to get it paid off my 60

36, but we will move again as we need more space, so will probably have to get a small mortgage.

First one at 45. Then I took another one at 48 and will be finished at 65 unless I pay it off sooner. It’s down to the last £30k so hopefully won’t take long.

61 if we carried on making normal payments. With our overpayments it should take it down to 57 but we will get a lump sum when my husband retires when I'm around 54 so hoping by then at the latest.

However - we have a lot of equity and could down size and live mortgage free if it became an issue.

30

If all goes to plan it will be paid off in 3 years when I am 44.

We are cautiously optimistic we will pay it off by our early 40s. We've stuck extra money on it every year so far.

I’ll be 51 but hoping to over pay once the kids are a bit older and I’ll be working full time

In no rush to pay it off tbh. Interest rates are super low and I'd rather just stick my money in investments in the meantime. I'd also plan to get a couple of fixer uppers before getting a forever home, so the increase in value on those can help pretty much pay off the last home, rather than spending my money on overpayments early on. Basically I want my money to work for me first :)

Probably never, haha - we are on interest only until age 70 so no idea what we will do then.

Just finished paying it off at 55. It's a very nice feeling

Paid first mortgage off in my early 30's
This house which I share with dp, our 2 rental houses and holiday cottage were all paid for in cash from the sale proceeds of my family house and dp's house.

I was 57 - life insurance paid it when my husband died.

Have hugely overpaid it, but not going to close it as I reckon borrowing back if and when needed is better than perhaps taking out a loan to pay for something massive

70 probably. Impact of a divorce but at least I have a house and am comfortable.

As it stands 57, I've got the option to bring that down to 54 but am dithering between paying my mortgage off sooner or paying AVCs into my pension.

We could clear it now but won't. Having a couple of 100 pounds still sitting on your mortgage we were told gives you access to cheap loans via a mortgage extension if you ever want home improvements, car loan! Probably complete bollocks!

44, sadly through inheritance though.