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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James

Brilliant help from the Moneyman team. Super efficient, super helpful, no question was a stupid question, responsive and overall a brilliant service. As first time buyers, we were unsure on where to start with getting a mortgage but Chris, Paula and...

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Conor and Stacey have been brilliant in helping me as a first time buyer. Always at the end of the phone whenever ive had questions and guided me through the process amazingly.

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Anonymous

Prompt and professional service. This is the second time that we've used Hull Moneyman and we'll definitely be giving them a call when it's time to remortgage again. Highly recommended.

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Really helpful and informative. Quickly got what we needed and kept us informed throughout the process. Booked telephone calls around our commitments and responded quickly to emails. Thank you Tom and Jo.

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This company was recommended to me, the service I have received can only be described as exceptional. Someone who works outside the “normal” working day is so hard to find. Detailed advice and support throughout. I would not hesitate to...

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I would like to give a big thank you to Hullmoneyman especially Malcolm great experience great customer service far the best and his team thank you guys.

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I have used moneyman three times now and have never had it so easy

2 months ago

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Moneyman we couldn't have made a better choice. Malcolm and Catherine did a great job. We received the service we expected from a mortgage advisor. Fast and easy communication every day of the week. Thank you very much 😊

2 months ago

Anonymous

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Mr Leon

Excellent, easy going, informative, friendly, made understanding mortage terms easier

2 months ago

Anonymous

Daniel has always been incredibly helpful in arranging things for me. He has made my life much easier when looking to remortgage.

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3 months ago

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3 months ago

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Brilliant service as always. This is my second time using Hull Moneyman and I am still super impressed the second time round with the service received.

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