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what the average age of ppl on this site paying off there mortgage

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  • Lady1981
    Lady1981 Posts: 90 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    I'm in my late 20's and hope to have the mort paid off 7 years from now, which will make 12 years mort in total. We are in a flat and we would like a house so will prob move before we are mort free so will start all over again! :eek:

    Lady x
  • littlemissbossy
    littlemissbossy Posts: 805 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    We paid our mortgage off last Nov, I am 37 and hubby is 42. It was our "mission" and it feels great !!
    Don't wait for your ship to come in, swim out to it.
  • RosieTiger
    RosieTiger Posts: 863 Forumite
    littlemissbossy wrote: »
    We paid our mortgage off last Nov, I am 37 and hubby is 42. It was our "mission" and it feels great !!

    Are you on the Roll Of Honour ?
    It would be good to know how you did it - great encouragement for the rest of us
    RosieTiger - Highest £242,000 Feb 2004 :mad:
    Lightbulb Dec 2008 £146,000 by March 2026:eek:
    MFi3T2 and T3 No 28 - Dec 2009 Start Balance £117,000
    Current Position-Fully off set by savings since March 2013
  • mfwin2019
    mfwin2019 Posts: 150 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    I was mortgage free at 40 for a total of 10 months but then moved & took on another mortgage but am aiming to be mortgage free again in a maximum of 10 years.

    It was great while it lasted!!
    Declutter 2023  110/520
    Jan grocery challenge 324.44/350 25.56 spare
    Feb grocery challenge 204.45/280
    March gc 0/310

    23 minutes a day self care, decluttering, tidying or cleaning 
  • moggylover
    moggylover Posts: 13,324 Forumite
    I got to pay mine off last year as my 50th birthday present to myself:D . Will be moving as soon as possible to a larger house, but the extra funding will come from selling the house my mother left me so should be able to stay mortgage free.
    "there are some persons in this World who, unable to give better proof of being wise, take a strange delight in showing what they think they have sagaciously read in mankind by uncharitable suspicions of them"
    (Herman Melville)
  • Alion
    Alion Posts: 147 Forumite
    I'm 25. First overpayment was when I was 23 and I wouldn't change a thing :D
    29/01/07 - Took on our first home for £225k, mortgage of £200,700, reduced to £70,224.44 in 6yrs
    16/11/12 - Moved to our forever home for £427k, mortgage of £270,999

    MFIT-T3 #2 - Reduce (new) mortgage from £270k to £225k whilst renovating and with our first baby on the way! £265,654.56 so far
  • littlemissbossy
    littlemissbossy Posts: 805 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    RosieTiger wrote: »
    Are you on the Roll Of Honour ?
    It would be good to know how you did it - great encouragement for the rest of us


    Thanks RosieTiger I've posted on the Roll of Honour :j
    Don't wait for your ship to come in, swim out to it.
  • Grumpy_Git_4
    Grumpy_Git_4 Posts: 11 Forumite
    I'm 29 with 30 years of mortgage left (took £145k/32yr initially) it was my first place and I plan to clear this before I'm 40 (ambitious!).

    I would like to get the forever home, use rental of the flat and salary to clear the 2nd mortgage and finish mortgage/top-up savings by selling the flat near the end of the process.

    Ah dreams!

    Nick.
    Mortgage at Start (2007) £145,000
    MFW2009 No. 252

    Current/Target OP/Total OP/Month OP/Mths Saved
    £139,950/£8000/£2109/£2109/136
  • elliemoo
    elliemoo Posts: 4,593 Forumite
    Part of the Furniture 1,000 Posts
    I am 40 and my husband is 45, our mortgage is currently £58,000 with 14 years to run. I am trying to overpay as much as I can and I want to be mortgage free in three years when my youngest child starts nursery school and I can go part time, so will have no childcare to pay for, which costs more than the mortgage.

    Unfortunately in a fixed deal at 6.85% but you live and learn.
  • gymfiend
    gymfiend Posts: 1,296 Forumite
    Hoping & praying that I'll be 30, OH will be 36, for our present mortgage anyway. Depending on the way house prices in our desired area move over the next few years we may move house & up the mortgage. Currently owing £84k, would realistically become about £150k if we move [if house prices drop a little] :)
    Baby Boy arrived March 25th 2010 - 17 days late & 8lb 10oz :j
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