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

Yargo1

I was 31 and was 3 years ago in June !

pusscat

1995, I was 23 and I borowed 3x my graduate salary to buy a studio on the Isle of Dogs with a 5% deposit. Total mortgage £39000, flat cost £42k.

The only reason I bought was that the endowment mortgage was cheaper than my portion of the rent in the shared house I was renting in! I had no idea what I was doing.....

Puss

southantrim3

I started of in 1998 at the age of 23.

The house was a 3bed semi and cost me £43k - hard to believe now! My 1st mortgage was for £22k on a repayment. I was fortunate in that I had a deposit which my father left to me in his will.

raeble

I was twenty when I got my first mortgage in 2000 for a massive £25k, have since increased the mortgage to £30k to do some works and reduced the term to ten years. Hoping to reduce the term again.

iwillretireatfifty

I was 33 when I got my first mortgage on my own for £34k just 4 years ago.

Now, our mortgages total £240k (although the properties are worth £420k) so I haven't done too badly I suppose at the end of the day.

Great thread, well done to OP for starting it.

RufusFrog_2

I started at Age 22 in 1986, amount £19,000, for half a house costing £42,000. I still only own half a house (just not the same house or OH). I became mortgage free at the age of 39 (I just woke up one day in my early 30s and decided to pay it all off before I was 40, come what may.)

Gray0103

Got my first mortgage aged 28, for £60K, managed to save a 20% deposit.

IFA

I was 28 also in 2000, can't believe so many young people on here. Is affordability really an issue?

Gorgeous_George

I was 22 and it was 100% mortgage on a £24K 2 bed terrace.

My mortgage interest rates peaked at 16.5% - but we got MIRAS so effectively only 11%. I'm 44 now and have just realised I've been paying a mortgage for nearly half my life.



GG

Sloppy_Saver

28 I think. I didn't start working until I was 25 though, so not bad really!