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having paid off mortgage is a massive weight off my mind.

I think retirement mortgages are a good idea but must not be an excuse for lenders to hike their ratesto us oldies as pension income is far more stable than wages from employment.

I have never had a mortgage, I don't know if I can even get the deposit together sadly, I'd love my own home

I wouldn't want a mortgage in retirement, it would feel too much of a burden. It worried me enough having a mortgage when I was younger because of worrying about future job security and was eager to pay it off as soon as possible

This doesn't really appeal to me . The coat of insuring the loan at my age is going to be very high , especially with the medical problems I have . Not life threatening but certainly enough to scare an insurance company !!

We went against our better judgement and didn't go for a repayment mortgage. Everyone said it was best to only pay off the interest and use an insurance policy to pay off the full amount at maturity. It was only when I read the small print I realised all my advisers were idiots. We only received a payout to cover about 60% of the amount we had borrowed, but luckily we had the money to pay it off. My advice is to do what you feel is best and don't listen to others, but just go for a straight repayment, nothing fancy. And don't use Bar**ay's, who advised us not to pay off our mortgage a month early, and cost us thousands.

My mortgage is paid off, but because of bereavement. It's been one less thing to worry about during lockdown

Having lost my husband suddenly - I was very relieved we had paid our mortgage off while we were still at work. If we could have afforded a large home and I could downsize it would be ok to have a mortgage but my home is very small and low value

We paid our mortgage off , it was an endowment that fell short so we had to come up with the difference , was a terrible mortgage that were glad to see the back of.

We had a mortgage until DH was 72 but have thankfully managed to clear it now, it was the only way we could afford a family home. With many people not being able to afford a house and having children later in life this could become the norm.

I would not want to take out a mortgage in retirement as I would not want the liability passed onto my daughter

best thing we did was over pay mortgage great to really own our home

We paid our off, thank goodness and I would certainly not have another one.

Always overpay if uou can even by a small amount . Very simple saves you years in interest and the length of the mortgage

We finished paying our mortgage while we were both working I wouldn't want another once we retired both children have got mortgages we help them if they need it .

Paid mine off in my 50's, but it was a struggle as I was on a low wage and always had to work overtime to pay it off. I do know of some of my colleagues who are older than me who still have a mortgage. It sounds a nightmare.

Having paid off our mortgage before retiring and enjoying 10+ years mortgage free we now have a 'lifetime' mortgage, taken out under the 'Equity Release' scheme, to enable us to buy a house for our daughter to live in. We are making the maximum possible annual repayments (10% of the money borrowed) so aim to be mortgage free again in about 14 years. We may, of course, not last that long but you can only plan so far ahead. Seems to be working for us.

Paid off mortgage on previous house. 3 years later wanted to move as new housing being built on open land behind me. New property (new build) was more expensive with moving expenses etc. 10 year mortgage finishes in a couple of months. Some properties suitable for older people have a premium so mortgages in retirement not unusual these days.

We payed our mortgage off in our 50s. Lovely to know you own your home outright. Wouldn’t dream of taking on a mortgage at our time of life. Always encourage our children to pay mortgage off as soon as they can. Helped them both with deposits to get them the home they wanted.

An interesting view silvercollie, I spent a lot of my early life being mortgage free - and having to follow the needs of landlords. When I was finally able to get a mortgage it gave me a greater freedom to live where and how I wanted.

I paid off our mortgage with all the money my parents left me, it was a huge relief, but then my husband divorced me and I had to pay him half of the value of the house so I had to sell it so now I am renting again with no prospect of getting another mortgage at my age, even if I could get a job to support one. I feel very insecure and hate having to live with someone else's choice of paint, carpets etc

We paid off our mortgage just before lockdown. It is such a relief. Some friends of ours have gone down the equity release route but l am not sure l think it a good idea. A house is the biggest asset anyone can have so l think if you take out a new mortgage or equity release you have to think extremely carefully about it.

When my husband (who had a back problem) found it increasingly difficult to get up and down stairs, we needed to buy a bungalow. While we had a house up for sale, it took some time to sell, and the bungalow we were looking for was considerable more expensive than our small terrace house (mortgage paid off). We had to use ALL of our savings (both of us were already retired) to buy the Bungalow we now live in. When the house finally sold, we needed to use most of the money to upgrade and adapt the the property we lived in, so 9 years later, we still have no savings
Had we been able to obtain a Mortgage instead, we would still have had some savings, even though we would have used some of that to reduce the amount we needed to borrow, we would have felt more secure to have at least some money to fall back on, in the event of an emergency. I think it's a good idea for those people it might help. Everyone's circumstances are different, and it's good to have options.

I personally would not like to be still paying a mortgage leading into my retirement. I worked very hard to clear my mortgage, lovely feeling the day i made the final payment. Now planning and saving for retirement in couple of years.

We took out a small mortgage 5 years ago to by our current when I was 50 - my DH is 9 years younger and we hope to have it paid off by the time I am 65. I feel sorry for younger people trying to get on the hosing market as deposits and house prices are so high. I wouldn't want the stress of a mortgage in retirement but then If I had an enormous pension I maybe wouldn't worry