What age were you when you BEGAN your mortgage...

virgin_moneysaver

joint mortgage with hubby I was 21 he was 25

1988 paid 18750 for 3 bed terrace - mortgage 17750 - needed gutting

1993 sold for 41000 and bought 3 bed semi for 46000 - needed updating & extension which we did ourselves for 6000

2005 sold for 175000 and bought bigger 3 bed semi with large garden and driveway for 172000 - needed updating & large extension which just cost 22000 - now valued at over 200,000

mortgage outstanding 29000

linzi_h

i have just got a mortgage (100%) with my OH in november for 78k i was 21 (now 22 - dec). this is for a 3 bed house with loft conversion. we only wanted to go up to 80k and every other house within the price was either falling down or needed some major work doing to them. we were very lucky getting this house as we only need to decorate it. a plus to this is that the OH's parents own a decorating shop so everything is free!

culpepper

We were both 23. It was a victorian farm workers terraced cottage and was £42,000 in 1986 (very saught after village location). We paid £13,000 deposit which was my savings from 18 until 21(£5,000) plus our joint savings (£8,000)from then on.
We sold in 1989 for £80,000 and bought the one we live in now,which is a 1930's semi for £74,000.

little_miss_thrifty

Hi all

I had just turned 23 when we bought our first house (hubby was 28) in 1997. It was a 3 bed terraced for £42K. Still here and slowly chipping away at mortgage! Ten years have gone quick!

LMT

P.S Happy New Year!!

lottee

Back in 1999 (sounds like a song!) I was 19, partner (now my husband!) was 20. 2 bed terrace £74,950 - 95% mortgage - recently valued at £140,000 - WHAT ???!!! Planning on selling up & moving back to Oz later in year - with a HUGE deposit for a house 'down under' !!!

missk_ensington

I bought my first house back in June 06 Aged 20 (Im now 21) for £92,500 with a mortgage of £83,000.

I have just accepted an offer of £125,000 making a gross profit of £32,500 with deductions for money spent on the development the net profit is £20,400 (not including EA fee's/conveyancing).

Of this, £10,000 will be paid off the mortgage, I'll buy another for approx £100-110,000 leaving some left over for a new car and to do up the new one, and so the cycle will continue until either a) I have enough money to facilitate my long term ambitions or b) I get totally fed up with living in a construction zone!!!

TallGirl

1994 bought first 3 bedroom detached house in Fareham I was 24 DH was 32, £85,000 mortgage FIL paid £5000 deposit without him we would never had got it.

2007 still living in same house, spend £20,000 on extension house now worth £250,000

Mortage now £50,000, overpaying by £300 a month will be mortgage free in 5 years (7 years early) aged 41 and 49.

themaccas

WE bought first house ages 25 and 28 in 1993 3-bed terrace townhouse with £42K 95% mortage, sold 2.5 years later but only made £2k. 1996 - bought next house for 72K with mortgage for 67.5K, aiming to pay it off in April 2008 when DH leaves forces with his lump sum. House now worth 230K.

ancasta_2

We are in the middle of buying our first home. Hopefully it will be completed being built and us moved in before my birthday in May (doubtful)

So as it stands as 23 & 24 (husband) but it may well be 24 & 25.

95% mortgage on a 3 bed new build semi for £83,700 including the freehold plot. Not bad at all me thinks.

bluegiraffe_2

we got our first mortage when I was 23, and dh was 19. we struggled to save 10k to put down as a deposit as no lenders would touch us for 86k, which the flat we loved was up for sale for. We moved again last year, and as we had 46k to put down (equity and savings) all the lenders were interested. How times change!