What age were you mortgage free?

Thank you for reading my post.
I was just wondering what age you were or are realistically planning to be mortgage free at?
My friend has just finished her mortgage at 46! I hope this thread will inspire me to be more focused.
The rich are getting richer and the poor are getting poorer - I was in my late 20s when I figured out what this meant.

I neither take or enter agreements which deal with interest. I dont want to profit from someone's misery.


  • skinnishskinnish Forumite
    24 Posts
    10 Posts First Anniversary Name Dropper
    To confuse things for you a bit more. I currently never plan on being mortgage free. Instead I remortgage once there is enough money built up in equity and reinvest elsewhere. 
  • fred246fred246 Forumite
    3.6K Posts
    Sixth Anniversary 1,000 Posts Name Dropper
    Mortgage free twice 30 and 49. The second house cost 7x more than the first. If you buy a cheap house you will be mortgage free much earlier. It depends what you want.
  • kaMelokaMelo Forumite
    1.8K Posts
    1,000 Posts Fourth Anniversary Name Dropper
    Been mortgage free twice, once at 31 then moved to a bigger house a couple of years later with a new mortgage that was paid off at 48
    I know people who do exactly as above poster, remortgaging and investing, the idea that investments will outperform mortgage commitments has by and large been true but doing so doesn't give you that mortgage free feeling. I guess it's horses for courses really.
  • JGB1955JGB1955 Forumite
    3K Posts
    1,000 Posts Fourth Anniversary Name Dropper
    Mortgage free at 40.  Mind you, that was 25 years ago and meant a lump sum payment of £18,000! Those were the days.   . 
    #2 Saving for Christmas 2023 - £1 a day challenge £740/£1460
  • dark^knightdark^knight Forumite
    526 Posts
    Part of the Furniture 500 Posts Photogenic
    Paid my first mortgage off at 31...then bought a house that cost ten times more than the first.
    Now mortgage free at 46.
  • LadyGnomeLadyGnome Forumite
    801 Posts
    Seventh Anniversary 500 Posts Name Dropper Combo Breaker
    First time at 37 but now rent that one out and bought another - aim is for 57 or earlier (we are in London so house prices are stupid). 
    MortgageStart Nov 2012 £310,000
    Oct 2022 £143,277.74
    Reduction £166,722.26
    OriginalEnd Sept 2034 / Current official end Apr 2032 (but I have a cunning plan...)
    2022 MFW #78 £10200/£12000
    MFiT-6 #28 £21,772 /£75000
  • LeighofMarLeighofMar Forumite
    531 Posts
    500 Posts Fourth Anniversary Name Dropper
    Aim to be mortgage free by 45 in 3.5 more years. If for some reason, we do end up moving house, it'll only be if we can buy it for cash as I am done with mortgages.
    Mortgage start date Dec 2015 - $64,655.00
    Mortgage end date Dec 2045 - NOT!!!!
    Mortgage balance  - $19,300.00
    Business Savings $55,800/100k
    Hope to be mortgage-free by end of 2023 
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