What age will you be when

[YawnSoTired]

What age will you be when your mortgage is paid off as things stand?
I will be 60 husband 65. Only 18 yrs to go! Ha ha.

Ten years. I’ll be 54 and dh 50.

We only have 90k left though (mortgage was for £150k, first house, 4 years ago), due to an inheritance where we paid some off.

The trade off is that we live in a shithole (I’m up at 3am as the car has just been nicked off the drive, again).

17 more years here, til I’m 44. Then DS will be out of Uni (if he goes) and the plan is to sell up, get the heck out of dodge and semi-retire whilst travelling the world…

Thats the plan, at any rate - as long as nothing AT ALL goes wrong with health/financially/my career. Definitely not delusional in any way shape or form 😬

I was 44. Parental Inheritance. We had about £30k left on it at the time.

I'll be 57

But it's a small house, definitely need a bigger one soon

Paid off at 49 after 7 years of overpaying which was super hard but so so worth it!!!

Early fifties but with overpayments I’d like to get it down to late forties 🤞

We bought at the very top of our budget and did this each for our next move too. We over paid each month, then when I was 40 we sold our house and moved out into the country, better house but cheaper area which meant we could pay off the mortgage. A couple of years later we borrowed against the house again as a cheap loan. Mortgage was for 8 years but we paid it off in 5, so I was around 48 when it was finally gone.

Hopefully next year (mid 40s) just as eldest hits uni

If we don’t overpay then 48, but target is 44.

Next month - I'll be 54. Monthly and yearly overpayments, our current rate comes to an end next month and I've saved up a lump sum to pay it off rather than take out a new mortgage at a higher rate. About 8 years early...

I paid the first off when I was 46 (paid for 22 years).

I took another out when I was 48 and will pay that off when I'm 62.

We’ll be 68 😂😭 several decades away!
Unless we overpay, which we haven’t been doing as we’ve preferred to save but there’s enough of life still to happen that it may be something we do, or equally something we become unable to do.

Assuming I don't get ai 'd out of my job or sick ( neither safe assumptions), mortgage runs till I 68. 23 years

If I continue my overpayments of about £250 a month , it will finish at 60

If I can find another £500 a month it will finish at 55

I ve never reduced the term when over paying I like the flexibility if something goes wrong .

I may or may not get inheritance at some point but that is hopefully decades away and may be left to the grandkids instead or lost to the care home

Also boyfriend lives with me but only since last August. So at the moment he rent his flat out , buys the food + my gym + gives me half the council tax. We may decide to combine finances at some point so that could knock all the above plans out

Next year, so 40. Due to inheritance. But torn between paying it all off and then rebuilding savings or paying most of it off and retaining a small mortgage and keeping a chunk in savings. Need to sit down and work it all out before our deal runs out in Jan.

About to move and increase our mortgage to the max term so will be 68 🤦 However intend to overpay and reduce the term when children are bigger.

I'll be 64 and DH will be 70 (9 years to go).

Combination of time out of employment to care for disabled child leaving me so unskilled that I am limited to low pay jobs (for me), and a divorce each has totally done us over financially, but it could be worse, I could still be with XH.

Paid off at 50
No inheritances but at the time we bought we lived in a place where property prices were cheap compared to the rest of England and DH was on a higher than average salary. Neither of us went to university so no debts from that, we both left school at 16 and started earning straight away.
DH bought a property in his late teens and made a small profit, moved twice again, then we bought our first house together and we’re still in it now.
Property prices locally are so much higher proportionately now than when we bought, I really appreciate our good fortune and lucky timing.

19 years time when I am 68 but we have about £700k of equity so could downsize if we wanted to be mortgage free before then.

Same. Mortgaged past retirement age thanks to exh turning psycho during Liz Truss interest rates.

Working on it…

57 and 53, in about 19 years time.

Only "help" we got was £400 from PILs when we first bought to get some essentials like hoover, fridge etc. Didn't go very far!

We took out a second mortgage to extend five years ago, we'll do the same again to convert the loft so that DS and DD have their own rooms.

Bought the house for £120k, probably worth about £300k now.

We'll take DH's 25% pension lump sum in 2.5 years when he's 55. Then save it until our fixed rate ends in 4 years and then pay it off. We'll be 56 and 55, both kids will be finishing uni at the same time so hoping we can both work part time and relax at that point!

I’ll be 68, also thanks to divorce. I hadn’t fully appreciated the financial impact but am happier in my bones now. And lucky to still be able to get a mortgage on my own.

62, which is 14 years away. I had to add to it following divorce to buy ex out. If I am still in my current job once dc are through uni in 5 years I will focus on over-paying and hopefully shave a few years off. That's not certain though.