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.

We’re 35 and just buying out first home and we had to sign a form saying we’re happy to pay mortgage into our 70s… if it gets us on the ladder, we’ve got to do what we’ve got to do! The longer term made the mortgage repayments a bit lower and every little helps. Our parents were horrified when we told them the mortgage term and monthly repayments but they appreciate it was different when they were younger and were all on the ladder in their early 20s.

I’m just happy we’ve finally ditched renting in London and I’m sure we will figure out a plan for lowering the term but first we have a Reno to get through (then maybe childcare costs to think about if babies come along in thé next couple of years).

Exactly this.
I don't get the point of these threads, tbh.

I was 37. We sold our house in SE and moved to my home city and paid outstanding mortgage and bought current house outright. Best decision we ever made. We had surplus money left over but we put it into our pensions. We could’ve bought bigger but we love current house and no need to downsize in future.

57 me & 61 DH. We added on 7 years when we moved. Had we stayed put it would have been paid off 2 years ago. Just want rid of it now.

I would be 64 and DH 73. But I have savings for an overpayment when we remortgage, and continued monthly overpayments should make it. 58 and 67. Although my ideal would be for it to be lower than that.

Don't have a mortgage. (Not since our early 40s.)

Approx 35 ,I'm mid 50s now.

We plan to be mortgage free when our fixed rate is up in two years time - we have the cash to the pay the balance but at the moment our savings rate is higher than our mortgage rate. I will be 50. 24 payments left!

last year when I was 59

59 but I’m hoping to pay it off earlier.

I’ll be 48 when it’s paid off (2 years away). We bought early and then kept the same mortgage length when we moved to the last house. We’ve also overpaid through pay rises rather than spending the extra money.

47 - 2 months time!
Eldest DC is probably 3/4 years away from wanting a deposit, so we will start saving for that I expect.

I’m hoping to buy without a mortgage - just something small - currently mid 40s

Just done it at 40 but hell it took some effort!

Ours was supposed to finish at 60,but we overpaid when we could, so finished it when we were 52.
Being mortgage free allowed us to finish full time work at 53. Best decision ever 😁

We paid ours off last year. I was 44.

Yes - age, plus what area of the country etc. we’re 64 and live in the north - fortunate to be done with mortgages in our mid 30s.

Paid ours off about 10 years ago.
I am late 50s
I bought a tiny flat straight out of uni, right at the dip of the market, so got really lucky as market went up, we swappe dit for a bigger flat which we had for ages.
It was in grotty part of London and we eventually moved away from SE so could get a family home with sale of the flat and massive market jumps.

Timing was everything, so pure luck

Early forties. As to how we were able, DH developed a life limiting condition and insurance paid out. I’d rather have the mortgage though.

65 🫣 We didn’t buy our first house until we were 40. The mortgage is a huge chunk of our monthly outgoings.

I was 48 when we paid off ours.

DH was 36 and I was 38. Houses were much cheaper but we had some investments do very well. This was early 2000’s.

Well into my 70s :(

74, I only bought at 51 years old. This gives me such worry so I'm overpaying like crazy.

47 and husband 48/49