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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Daniel was very knowledgeable, friendly and took the time to speak with me and take my point of view into consideration as well. Definitely a return customer!

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Anonymous

Great company, I have been working with them across many years fo me two properties (a residential mortgage and a buy-to-let), remortgaging many times and always getting sensible advice. In the end they save you a lot of money and time.

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Really listened and understood what I needed from my insurance, and did a good job finding something aligned with my price point. I felt they had an in-depth understanding of the market, and used this information to provide me with a tailored...

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Daniel was brilliant start to finish. Professional, thorough and most of all very patient and accommodating. Reassured me all the way and ensured I'll 100% be using his services again. I hope his hard work is appreciated in the company, thanks very...

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Kelly

Best company to use!! Tom and stacey have been amazing! Has a first time buyer I wasn't sure of much of the mortgage process. Tom explained everything to me in terms I would understand and has been great in keeping me up to date. Stacey has carried...

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Anna

Chris has been absolutely fantastic walking us through the process of buying our home as clueless first time buyers! All questions were answered promptly and we were able to have evening meetings with him to work around our working hours. Chris has...

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2 months ago

Anonymous

Answered all my questions and very worry free

2 months ago

Miss Megan

I came to Moneyman for help with my first home purchase. Jason and the team went above and beyond to answer every question I had, as well as break down every step that I needed to take with care and professionalism. All correspondence was answered...

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Mr Paul

Would highly recommend Leedsmoneyman, have used them every time since securing our mortgage first time around. Lewis Davidson & Daniel Dunning-Hornby have been especially helpful and always on hand when needed

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Always on hand

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Adam

Really quick & helpful

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Arvind

As ever, we've had a great experience. Daniel was patient with all our queries and clear in his response. Thank you.

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6 months ago

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I've used the twice now and they have been exceptional each time. Have also recommended to friends and family, who have had a great service. Completely smooth and seamless process, friendly staff, great communication. Couldn't ask for more.

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Chris and Kerry were fantastic, really helpful throughout the whole process. Very friendly and informative. Would highly recommend.

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Great broker company. Chris and Kerry were amazing. They were always on hand to help us and chased our solicitors and calmed us when things weren’t going the way it should. We can’t thank them enough.

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Jason and Jo were very helpful and supportive all the way through the process. They provided me with great support from a mortgage point of view and a mental health point of view (they answered all my worries in a timely manner). I would 100%...

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