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Original poster

Those 35-45 how much equity do you have in home?

113 replies

Lm1981 · 02/09/2023 11:37

Just curious to see what’s normal. We got on ladder a bit late (early 30s) we have since moved so in a house that we see as our forever home / most expensive we will own.

we currently have approx 45% equity in home worth around 425k (east midlands).

OP posts:
Nightsku · 02/09/2023 12:37

We have 68% equity in our house

Tjjd2023 · 02/09/2023 12:39

33 here so a little younger but mortgage free in this house (worth roughly 300k). Hope to upsize eventually!

petalpugs · 02/09/2023 14:40

Age 44, 65%. Bought first property in 2012.

FrancisSeaton · 02/09/2023 14:41

8 years left on mortgage have about 170k equity

julia09 · 02/09/2023 14:45

Early 30s is not late to get on the property ladder. Why would you think it is?

And why do you care how much equity others have? There is no normal, the value of houses ranges widely across the country, which makes this a pointless comparison. There are so many posts like this recently which just come across as a stealth brag, and it's a bit distasteful. You have £200,000 in equity which so many people could only dream of. I think there's a certain amount of privilege-checking that needs to happen here.

Montbresia · 02/09/2023 14:50

@Xrays that’s what we have done, I know a couple of people who can have it all as very well off. We couldn’t have a big house and lots of holidays and socialising so we stayed in a smaller house than we could in theory afford. It depends on what is important to an individual.

hdbs17 · 02/09/2023 14:52

Slightly younger than the age group you're asking - but 30% and put down a 10% deposit.

VisionsOfSplendour · 02/09/2023 15:00

There's no such thing as a normal amount of equity If you think about it how could there possibly be?

A person's age isn't going to be directly related to where they live, what kind of house they have, how long they've lived in it, what deposit they had etc

Callistone · 02/09/2023 15:02

Early forties, about 60% equity but maybe another 5% of the house value is owed back to a relative after borrowing for the deposit.

TodayForTomorrow · 02/09/2023 15:05

About 50% for us.

Original poster
Lm1981 · 02/09/2023 15:30

julia09 · 02/09/2023 14:45

Early 30s is not late to get on the property ladder. Why would you think it is?

And why do you care how much equity others have? There is no normal, the value of houses ranges widely across the country, which makes this a pointless comparison. There are so many posts like this recently which just come across as a stealth brag, and it's a bit distasteful. You have £200,000 in equity which so many people could only dream of. I think there's a certain amount of privilege-checking that needs to happen here.

Reason I said late on the ladder is because when I left school in 1997 and went to work a lot of people I worked with had a mortgage. It was another 15 years before I got on ladder and I always slightly regretted it as house prices sky rocketed between 1997 and early 2000s.

It took a long time for us to finally get on ladder and there isn’t a day that goes by that I am not thankful to have.

A lot of the younger people than me coming up have it ultra hard and hats off to them if they manage it.

OP posts:
VeloVixen · 02/09/2023 15:32

100% of a home worth about 240k.

MrsBennetsPoorNerves · 02/09/2023 15:35

I bought my first home at 36, with around 20% deposit. Paid off mortgage in full at the age of 45.

Sensibletrousers · 02/09/2023 15:48

Age 44, equity of 50%, house worth £425k, bought in 2007

V expensive naice London commuter market town on the Thames, which happens to have been our hometown for generations- we can’t afford anything bigger in town though we desperately need it. Wealthy Londoners coming in have massively increased house prices in the last decade and local families and young people are now completely priced out sadly. So whilst we have lots of equity we are completely stuck here.

GingeNinga · 02/09/2023 15:58

Late thirties and own 100% - we’ve overpaid on the mortgage over the last 13 years, anytime we moved to a cheaper rate we kept our repayments the same as we wouldn’t miss it and then also made additional overpayments.

We have a couple thousand left to pay and have the cash in savings, but haven’t done so as the ERC is £1600 - seems daft paying that when the interest over the next year will be something like £70.

Heatherbell1978 · 02/09/2023 16:03

45 and 50% equity but we've just taken money out for school fees. If we hadn't it would be more like 65% equity. We've also taken equity out in years past for home office, kitchen etc and moved several times so lots of different scenarios to take into account. My friends of the same age who never had kids and live in smaller homes are now close to repaying their mortgages.

Ywudu · 02/09/2023 16:07

42
90% equity
400k house

OneRingToRuleThemAll · 02/09/2023 16:10

36 and 60% equity on a £170k flat. We tried to upsize last year to a £300k house, which fell through just before exchange. I'm pleased that fell through now with rate rises.

ladygindiva · 02/09/2023 16:17

48 so just over your age range. 40% of about 400,000. I intend to downsize at 60ish and be mortgage free.

HippeePrincess · 02/09/2023 16:18

1/3 of the value of the home, 100k and that’s all mine not DP’s, I’m mid 30’s. I bought my first house with my ex in 2009 with only 12k deposit. We did it up and when we split we took 50% each. I put this 50k into my next home and made 30k on it in 5 years and then was lucky enough to inherit a bit too which I put towards topping up the next deposit and fees.
I’m quite proud of myself as I’ve made some sound investment choices in the homes I’ve picked and persevered throughout being a single parent and a student for the majority of it.

skinnytobe · 02/09/2023 16:19

House worth 300k mortgage free. We will be remortgaging shortly to have a double extension built. £60k over ten years hopefully

skinnytobe · 02/09/2023 16:19

Both 41

Greycheck · 02/09/2023 16:22

39 and about 75% equity with 6.5 years left on the mortgage. However, housing is cheap where I live and I think the house is worth pretty much what we paid for it in 2005.

Test123456879 · 02/09/2023 16:25

We are mid 30s, own several properties with over 25% equity in each. Though we only came to this country several years ago with no inheritance and no money etc.

Winterday1991 · 02/09/2023 16:26

Age 30, property worth £425K, mortgage £299K. About 30% equity.