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

nomoneytoday

Bought my house for £30k when I was 19, and paid it off by my 30th birthday.
Am now married, and owe more on car loans etc...

alanobrien

18, got a 2 bed maisonette that cost me 24k but that was at 15.5% interest rate :eek:

Moved twice since to bigger and better. Wished i understood more about finance earlier in life but your never to old to learn. Now have an ugly large mortgage but with overpaying i expect to get shot of it in half the allocated time.

donstermonster

Quick answer 21 and 23


Longer answer

nice one , i like the idea of this thread - hopefully we will see a fuller picture when we cross reference who posts on here and the other thread re - age when you hope to pay off your mortgage by !

For the record

I was 21 and gf was 23 when we bought in 1987 at a "massive" mortgage of £26460

I sold that house 12 months later for £52500 and bought a new house for £45000

We split and i paid her off (that hurt more than her leaving, ha ha ha)

I sold 11 years ago for £39k (negative equity and pay off) and bought current house with a £68K mortgage which i intend to pay off in next 12 months . House now valued at £182k

Only really made inroads last 18 months as married, two kids and paid for everything ourselves with no loans etc, even new cars (if i didn't save for it i didn't buy it)

Heres hoping
PS Great Thread !!

us,thecat&thedebt

hi hope you dont mind me posting.

ive just had my mortgage offer and should be completing on my first property in next few weeks..

i am 20 and have rented for 2 years.

buying at £131k two bed split level masionette.

guy we are buying from bought it 6 years ago for about 60k!

greart thread!

wymondham

wow - great response .... what about newbie people - how old are you now you've got your mortgage recently... is the age going up ?

quietheart

I was 25 and felt really scared to have debts of £28K, what a joke! My brother in law has just bought his first place and he is only 18, what a sensible lad!

[Deleted User]

Just got my mortgage last month, first payment is due tomorrow!

Currently 26, gf is 25, between us we make ~50K and the mortgage is for 180k .. agh! It is a 2 bed terrace, and i had 10k spare after the deposit to do the place up. Wasn't expecting carpet to cost a grand though (it is nice carpet). I've got no unsecured debt, gf has about a grand on her credit card and HP on a car. Guess who's the MSE between us?

Redbedhead

I was 25 when I got my first mortgage in 2000. The mortgage was for £72.4k and was a 95% mortgage. I

was glad I got on the property ladder when I did, but do wish a few times that I had done it even earlier, but I made the decisions and they were right based on my feelings at the time!

Redbedhead

I was 25 when I got my first mortgage in 2000. The mortgage was for £72.4k and was a 95% mortgage. I

was glad I got on the property ladder when I did, but do wish a few times that I had done it even earlier, but I made the decisions and they were right based on my feelings at the time!

Beanietdc

I bought my first place on my own, in 2001 (when I was 26) with a small inheritance to pay the deposit and fees. It is a one bedroom third floor flat on the coast, nothing fancy, I paid £42,000 in 2001 and it is currently worth around £110,000.

Intending to sell in the next year or so and buy together with my OH (who also has quite a bit of equity in his current house.