Mungler Posted February 20, 2008 Report Share Posted February 20, 2008 (edited) As it says on the tin. To stay anonymous, I ain't going first but can confirm that the length of term remaining is less than 15 years or thereabouts. Edited February 20, 2008 by Mungler Quote Link to comment Share on other sites More sharing options...
pin Posted February 20, 2008 Report Share Posted February 20, 2008 I've got 3 Phear the recession Quote Link to comment Share on other sites More sharing options...
henry d Posted February 20, 2008 Report Share Posted February 20, 2008 £28K and under 4 years to run Quote Link to comment Share on other sites More sharing options...
LEFTY478 Posted February 20, 2008 Report Share Posted February 20, 2008 Six years and a bit of change... Quote Link to comment Share on other sites More sharing options...
al4x Posted February 20, 2008 Report Share Posted February 20, 2008 301950 and Interest only but will be selling up in 18months or so. Pin you'll be fine trust me Quote Link to comment Share on other sites More sharing options...
jonno 357 Posted February 20, 2008 Report Share Posted February 20, 2008 Mortgage free @ 40 years old Tips on paying off mortgage early- marry a split who have rich mummy and daddy Then get divorced Now in the process on investing in property in Cyprus reason why I go to Cyprus 4 times a year Expecting a 30K mortgage over 10 to 15 years from October this year Jonno Quote Link to comment Share on other sites More sharing options...
MC Posted February 20, 2008 Report Share Posted February 20, 2008 About 3K left to pay over another 3 years. Quote Link to comment Share on other sites More sharing options...
Jonsey Posted February 20, 2008 Report Share Posted February 20, 2008 I had a few good years of IT contracting and used the money wisely...(well most of it anyway). I am mortgage free now, it's a great feeling. When the young guys in work talk about their mortgages being £250k+ I have to say I do keep quiet about my situation and secretly nearly cry for them having such a big responsibility. I bought my first house when some of these guys were in still in university so I was lucky. Quote Link to comment Share on other sites More sharing options...
Suffolk shooter Posted February 20, 2008 Report Share Posted February 20, 2008 £78k and 20 years with me about to renegotiate next month as the five year fixed term comes to an end. Was paying 4.75% gonna be 5.55%. Had the sense to buy our first house when I only earned £14k and mortgaged to the hilt knowing house prices where going to rise along with my salary (Didn't quite expect the exact percentage rise of house prices though) made more than double return on the house when we sold it three years later plus salary had more than doubled in that time, put me in good stead for the next one. Current house prices and salary increase means I am comfortably sitting on more than 60% equity so bring on any recession, I have nothing to fear. SS Quote Link to comment Share on other sites More sharing options...
Dunkield Posted February 20, 2008 Report Share Posted February 20, 2008 OK who voted £450+? Quote Link to comment Share on other sites More sharing options...
al4x Posted February 20, 2008 Report Share Posted February 20, 2008 Mungler has now voted!! Quote Link to comment Share on other sites More sharing options...
AdamC Posted February 20, 2008 Report Share Posted February 20, 2008 (edited) Isn't this a bit of a bragging thread? Oh well, I have nothing to brag about so here goes. £237,000 just under 23 years, that would make me mortgage free at 50 (worst case), but moving onwards and upwards and will likely soon have just over £300,000 over 30 years, but would like to pay it off sooner. Perhaps someone should start a salary pole to see how the stats compare? Probaby best to do a household income rather than individual as they might distort the figures. Poll is missing the 200 - 250 bracket. Edited February 20, 2008 by AdamC Quote Link to comment Share on other sites More sharing options...
Mrs Sweepy Posted February 20, 2008 Report Share Posted February 20, 2008 we are very fortunate . at fourteen years of aged sweepy was left .a very nice house .by hes uncle .two years after we married we sold up and move into a bigger house as are famliy was growing fast .we have now been here 13 years .when we first move in the house had no heating upstairs and needed a bit of work done on it so we then got a mortgage . over the years we have extend the property .and have made it into a really nice famliy home . because of were we live the prices round here have just gone mad .so like suffolk shooter. we sitting really comfortable. but it is only because of sweepys dear uncle that we are in this position .and we have never forgotten that . my main worry is for the youngsters, they dont stand a hope in hell at this monent in time to get on the property market . xxxsuzy Quote Link to comment Share on other sites More sharing options...
Chard Posted February 20, 2008 Report Share Posted February 20, 2008 Nearly £300,000 We've had to put about two thirds of it on interest only, because business is baaaaaaaaad Plenty of equity though, thank Gaaaaawd (at the moment anyway) Not looking forward to the next year or two and seriously considering downsizing Quote Link to comment Share on other sites More sharing options...
WGD Posted February 20, 2008 Report Share Posted February 20, 2008 OK who voted £450+? Who voted £500+ Quote Link to comment Share on other sites More sharing options...
Mungler Posted February 20, 2008 Author Report Share Posted February 20, 2008 Look for the person who is on here at 3 a.m. and who can't sleep at night Quote Link to comment Share on other sites More sharing options...
AdamC Posted February 20, 2008 Report Share Posted February 20, 2008 I knew a guy with 500k+ mortgage. He was worh a few million but claimed the money was worth more to him invested elsewhere. As he appeared in the Times Rich List, I kind of had to believe him. Quote Link to comment Share on other sites More sharing options...
Dr W Posted February 20, 2008 Report Share Posted February 20, 2008 20 years to go on this one at least. 30 years of work Grrrrreat! Quote Link to comment Share on other sites More sharing options...
starlight32 Posted February 20, 2008 Report Share Posted February 20, 2008 My brother and his girlfriend have a mortgage of £480,000 Mind you his & her bonuses at year end were 95k. Its all relative ist'nt it from the stats? It is what they say the more you earn the more you spend and investing in property is as good as any. I invested heavily in the brewery business in the 90's but unfortunately it failed when they stopped running a slate......... Quote Link to comment Share on other sites More sharing options...
tosspot Posted February 20, 2008 Report Share Posted February 20, 2008 (edited) finished mine this Chrimbo puckers lips to blow rather large raspberry feel sorry for kids today TP hands up who can remember 14% ouch Edited February 20, 2008 by tosspot Quote Link to comment Share on other sites More sharing options...
ME Posted February 20, 2008 Report Share Posted February 20, 2008 (edited) Isn't this a bit of a bragging thread? Bragging in which way ? Having a big mortgage doesnt impress me* and neither does paying off your mortgage*. Me ? About £200k on the mortgage at the moment. That'll increase when we move to our country pile but I am holding off at the moment until we see what happens with house prices. EDIT: *I think that work / life / money / enjoyment balance is the most important. You cant bury it with you !! Edited February 20, 2008 by LV Quote Link to comment Share on other sites More sharing options...
broken man Posted February 20, 2008 Report Share Posted February 20, 2008 Hmmmm..I see my mortgage as a mill stone around my neck....... The sooner it's gone the more time for playing........ Quote Link to comment Share on other sites More sharing options...
eagleye Posted February 20, 2008 Report Share Posted February 20, 2008 8th April 2008 The last payment thank god and never again Quote Link to comment Share on other sites More sharing options...
humperdingle Posted February 20, 2008 Report Share Posted February 20, 2008 About 28K left on mine. Just glad I got on the ladder years ago because there's no way I could afford my house if I had to buy it now! Quote Link to comment Share on other sites More sharing options...
robbo243 Posted February 20, 2008 Report Share Posted February 20, 2008 Very pleased to say I have been married long enough to have paid off mine.I can quite honestly say I pity the poor people trying to get on the housing ladder now it must be a very uphill task good luck to them Quote Link to comment Share on other sites More sharing options...
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