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

shaileytuff

signed on the dotted line the day i turned 18 (DH was 25)

since then moved 3 times

1st house cost 40k (mortgage 32K) sold 10 months later for 52K
2nd house cost 69K (mortgage 52k) sold 3 years later 118k
3rd house cost 147K (mortgage 125k) house now owrth 225K

not too bad, as 2 kids later only dh works and constantly extending to improve the home but we will stay here a while now

Maz

My Dad sold us the land including double garage for 5K, repaid in monthly instalments to supplement his pension. We then got a mate to draw up plans for a three bed detached, tendered out for the new build and got it built (shell only, no decoration) for 16K. I was 24, hubby was 25. Have bought and sold since then (26 years ago) Dread to think what that would cost today.

astroelle

My first mortage was for £49,000 in 1988 at the tender age of 19. I was at Uni with a 2 month old baby and no one would rent to me except at a crazy premium.
So my Dad acted as guarantor and I took out a mortgage at much less than rental rates. Of course that fairly quickly changed but I weathered through the 15% days.

ELIZA_D

bought my mid terraced victorain house in 1996 for 42 k now worth 135 k .
feel i have hardly paid off my mortgage or changed my provider but thats why im here!!

Bambywamby

Im a first time buyer and have just purchased a property for £185'000 but had a 10% deposit to put down.
I am 35...so I am a late starter.
I intend to over pay monthly,so I should be MFW in 13 years.

HiZ

Aged 28 and 11 months. Just come to the end of my first year of a 109k mortgage on a 209k house. Should be worth a fair bit more now as Ive spent all year doing DIY, it was in an awful state! Just completing the kitchen update and Ive stopped for a brew! Then I guess I can sit and relax this summer and prune my roses and cut the grass. How old am I....

ginger_nuts

Bought first house at 28. A repossessed house asking price £19,500 which I couldn't have afforded but I got it for £17,000 .sold it after 6 years for £28,000 and bought present house for £39,000 now worth £190,000 .
Bought a BTL flat 2 years ago for £40,000 now worth £100,000

Rebob

We were 23 (me) and 27(hubby) when we bought the first house. It was a repossesion with bare wires stuck out all over and the windows were boarded up. We got it £13,750. Spent £3000 on rewire, dpc and refreshing it. Sold it 5 years later for £34,000. Bought this one for £68,000 and will have spent about £30,000 when done and it will then be worth about £160,000.

greenface

We were both 18 (1984)after good advice from brides father we bought small 2up 2 down for £10,800 knocked him down from £12k sold it in (1993) for £33k
bought next one for a bargain £40k because the seller got the married neighbour pregnant(we only found this out later)sold that in (2003) for £85K bought this one for £102k worth £190+ owe £50k on it now .
now both 40 been together 25years married for 20 3kids 3rd house.
Must be love

















must be mad;) :eek:

azjh77

18 - and they all said I was mad!

We bought our first flat for £27K (most we could borrow at the time) in 1995, bought a house in 2002 after selling the flat for £60K. I'm so glad we had that deposit or we'd still be at home with my mum or renting. Now we have a £60k mortgage and are looking to use the equity to buy a house in another area to become mortgage free.