Popular FAQs

Is the home equity calculator accurate?

The home equity calculator provides a reliable estimate based on the information you enter.

However, the accuracy depends on the data provided, such as your property’s current market value and the outstanding balance on your mortgage and secured loans.

For a more detailed understanding of your equity, speaking with one of our mortgage advisors is recommended.

How is the equity in my home calculated?

The equity in your home is calculated by subtracting the total outstanding debts secured against your property (e.g. your mortgage and any secured loans) from its current market value.

For example, if your home is worth £300,000 and you owe £200,000, your equity would be £100,000.

Use the house equity calculator above to get a rough estimate of how much equity is in your home.

What is a home equity calculator?

The home equity calculator calculator allows you to work out the equity in your home.

The equity in your house is calculated by subtracting the outstanding mortgage balance from the current market value of the property.

This calculation is especially useful for those considering remortgaging, releasing equity for renovations or planning to sell their property to fund future purchases.

Use the house equity calculator above to find a get a rough estimate, or contact our mortgage advisors for a more accurate figure.

Can I release equity from my property?

Yes, it can be possible to release equity from your property, often through remortgaging or securing an additional loan.

This process allows you to access the funds tied up in your home, which can be used for purposes such as home improvements or consolidating debts.

As a mortgage broker, we specialise in equity release options; our mortgage advisors can help you find a solution that suits your circumstances.

How much equity can I release from my property?

The amount of equity you can release depends on several factors, including the value of your property, your remaining mortgage balance, and your financial circumstances.

Typically, lenders have limits on the percentage of equity you can release.

Speaking with a mortgage advisor can help you understand your options.

What is a secured loan?

A secured loan is a type of borrowing that uses your property as collateral.

It can be a way to access funds for significant expenses, often at lower interest rates compared to unsecured loans.

However, failing to repay a secured loan could put your property at risk, so it’s important to consider this carefully.

How does a secured loan affect the equity in my property?

Taking out a secured loan reduces the available equity in your property because it adds to the total amount owed against its value.

For example, if your property is worth £300,000 and you already have a £200,000 mortgage, a £20,000 secured loan would reduce your available equity from £100,000 to £80,000.

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Raphaella

Brilliant service helping me to remortgage.

3 weeks ago

Katy

Matt and the team have been great. Quick turnaround from AIP to formal offer. Good advice and explained well in the initial stages. Overall very easy and simple process.

1 month ago

Nathan

Matt Collinson and his support team are brilliant, second time of using them and both times have been very smooth and simple! They have enabled to to exceed all my expectations the houses I would be able to purchase!

1 month ago

Reece

Very helpful, very efficient. Good service from a good team.

2 months ago

Anonymous

Made the remortgaging process very simple and completely painless! Highly recommend.

2 months ago

Anonymous

My industry generally uses fixed-term contracts and this complicated my situation when looking for my first mortgage. With my broker's help I was able to secure a mortgage and recently completed the purchase of a property. Thanks.

2 months ago

Grayson

smooth process throughtout. great communucation.would highly recommend to anyone looking for a mortgage broker.

2 months ago

Kieran

Helped me through my morgage process with no issues and was always just a phone call away to help me with any questions very great service throughout would highly recommend.

2 months ago

Mr.

Excellent advice given since I first started using their services. Honest and clear.

2 months ago

Chris

Fantastic service, Charlie and the UK Moneyman team went above and beyond to understand our financial situation and help us to get on the property ladder. Everything was patiently and clearly explained to us and we were kept up to date with the...

4 months ago

Anonymous

Excellent and personalised service

4 months ago

Alison

Have been very impressed. Certainly smoothed the whole process. Got a good deal on an atypical mortgage. Got an agreement in principle very quickly.

4 months ago

Simon

Excellent service

5 months ago

Anonymous

Excellent service. Would highly recommend.

5 months ago

Jason

Very good service always there to help you

8 months ago

Jason

Very good service always there to help .

8 months ago

Jeff

Chris and the team have been fantastic throughout our application, very friendly and always available to contact no matter how big or small the issues were and fantastic guidance for us first time buyers! We would highly recommend using their...

8 months ago

Anonymous

Great service, always helpful

10 months ago

Nathan

Friendly and relatable staff. Kept us in the loop and well informed throughout the process and made it all very hassle free for us.

10 months ago

Anonymous

Everything was well explained.

10 months ago