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I currently rent due to circumstances but worry about my children being able to secure mortgages and have their own homes, I think as time goes on and house prices rise more people will rent or take out mortgages later in life, especially with those working long past retirement.

I paid off my mortgage early and saved a lot on interest. For me flexibility was extremely important to be able to over or under pay without penalty. I would not be comfortable with taking out a mortgage once retired.

Mortgages are swings and roundabouts, these days it must be so hard to get deposit / onto ladder, i think in later years, money worrys should be least of your problems, after spending 20s/30s/40/50s stressing, it's always an option, though for me low rates and short terms would be a must.

Our mortgage was paid in full several years ago, it gives us security, and freedom to spend on other things.

In our retirement, we wouldn't consider taking out another mortgage. It would be too costly considering our income is now lower than when we were both working.

I want to pay my mortgage off as soon as I can. I dream if the day the mortgage is paid off. I wouldn’t want a mortgage when I retire however no one can predict circumstances at any time and for some it’s not an option to be mortgage free.

we had a mortgage free home, which for a younger family was amazing, as we got older it seemed a waste to have so much money ties up in a building, the girls were doing well and the twins would always be ok lol, we decided to sell and relocate to a more rural setting and out of choice rented. It left us relatively well off with money to do the things we always wanted to do as we got older

We are still paying off our mortgage however payments and interest rate are very low. I dont see an alternative to having a mortgage, the private rental sector charges extortionate rents and I dont see why I would work all my days to pay someone else's mortgage for them! at least we will be able to pass on our home to our children.

I am still paying a mortgage and I am counting the months till it finishes cannot wait to be free.

I have a mortgage and looking at the interest I will pay over the term of the mortgage is shocking! I would not want to take a mortgage out in retirement as I would not want to worry about the monthly payments. If I have spent all my life trying to pay it off, why then extend that? I would also like the equity to be in the house for my children so that they are left with a chunk of money to help make their lives easier.

Paying off my mortgage is something that seems a long way off for me - but at the moment I am just happy to have one, would hate to ever go back to renting.

It was always our goal to have our mortgage paid off going into retirement and we worked to make this happen. We've never been 'loan people' and always treated the mortgage as a debt to be paid as soon as possible.

I aim to pay my mortgage off in the next 10 years or so. All depends on finances too. I’d love to retire without it ❤️

We paid our off with the help of an offset bank account. Such a relief. I worry about being eligible for future loans due to age.

I really wouldn't want a mortgage in my 50s

I paid off my mortgage as soon as I could. The monthly cost of a mortgage is one of the biggest burdens on you finances, and being free of this burden is a great feeling and does wonders for the finances

I hate mortgages. so stressful. No way I would want one in retirement. Too much stress. Bad health and trying to work to pay it. No thanks.

I'm mortgage free and it is a feeling of freedom, I don't have to worry about how I'm going to pay the monthly payments.

In normal circumstances I would not take out a mortgage at my age. However I appreciate that sometimes there are circumstances in life the require a flexible approach and solution so can understand why some people may like to have the option.

I have to admit that I would be very cautious about taking out a mortgage in retirement. And at the moment I think it would be as a last resort.

I could't afford a mortgage on my part time wages now and it's hard to work full time due to arthritis in my knees. I don't think I'll ever own my own home.

Believe no-one. They state assumptions as facts and really don't care if it all goes wrong. Your home is a PRIORITY so don't gamble it away (interest-only mortgages) or sell it off cheap (equity release). Do your own homework and better to do nothing than act quickly. A prudent accountant speaking.

It was definitely a celebration when we paid off our mortgage. I wouldn’t want a mortgage now, unless I was desperate (though I doubt I’d be eligible), as I hate debt of any kind.

I had my first mortgage when I was 20 years old. 5 years later I was disabled & had to move into a rented medically adapted home.
I am now 49 & am finally in a position where I have a substantial deposit & will be applying for a mortgage to buy the medically adapted home that I live in

Just paid off our mortgage with my retirement lump sum, wouldn't want to start again

I wouldn’t take out a mortgage now. I doubt I would be given one. My pension is hardly enough to live on so I wouldn’t be able to afford the repayments.