It’s the value of the assets you own (in this case, your property) minus any debt such as a mortgage.
For example, if your home is worth £200,000 and you have a mortgage of £80,000, then you have £120,000 equity.
Freephone 0800 411 8668
Opening hours
It’s the value of the assets you own (in this case, your property) minus any debt such as a mortgage.
For example, if your home is worth £200,000 and you have a mortgage of £80,000, then you have £120,000 equity.