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.

Our Customers Love Us

5.00 Rating21 Reviews

Kayleigh

Very good, very helpful and always on the ball. Answer calls outside of normal working hours which was helpful, sent lots of prompting emails to guide us.

3 weeks ago

Anonymous

I don't think I've written one of these before so hopefully that will mean some weight gets attached to this. Leo was an outstanding mortgage broker and smoothly secured me an offer of a mortgage, after years of aspiring to buy a house. This was...

4 months ago

Jenni

Malcolm and his team were nothing short if amazing helping guide us through somewhat tricky process of buying our home. They were friendly, patient and efficient and deserve more than a five star rating. Thank you again to Malcolm and his team.

7 months ago

Joanne

Malcom, was professional and helped sercure the best mortagage deal for us. We were apprehensive about using a mortage broker as we had never used this kind of service before, but Malcom and the team made it so easy from start to finish,friendly...

8 months ago

Fiona

Very good service from Dinah. Very helpful and no pressure sales. Felt confident I got the best advice for my circumstances.

11 months ago

Katie

We could not recommend UK money man enough for helping us obtain a mortgage. As first time buyers we went into the process clueless, Malcolm and the team have been absolutely amazing. Their communication and expertise has been second to none. The...

1 year ago

Mr Darren

An amazing service from some amazing people. They where with me from start to finish and the support, guidance and advice they gave me was brilliant. I would happily recomend Durhammoneyman. Thank you to all who where involved in my case.

1 year ago

Anonymous

Great service! Very informative and responsive. Made the process for a first time buyer straight forward and went smoothly

1 year ago

Duncan

Professional all the way. Excellent advice from Wayne followed by excellent administration by Anna to complete the transaction. Would recommend.

2 years ago

Martin

Excellent Staff and Service, I would definitely use them again They were very helpful all through the process of my remortgage providing me with the best deal and assisting with any issues or concerns i had, very prompt on replies to my calls and...

3 years ago

Kayleigh

Joe and Chloe have been so helpful sorting out our remortgage. They did all the hard work. I would highly recommend Durham Money Man to anyone! Fab job guys!

3 years ago

Karen

Was very professional and very helpful.

3 years ago

Anonymous

We are very pleased with the service we received. Everything was very simple and the mortgage brokers done everything for us. The mortgage deal they found was significantly less than any we could find ourselves, so it's worth paying the broker fee...

4 years ago

Niall

Fantastic service! Amazing advice and guidance throughout my mortgage application. Would recommend Durhammoneyman to anyone!

4 years ago

Sarah

Durhammoneyman have been an absolute lifesaver in helping me to get a mortgage. Their support, advice and assistance throughout the process has been above and beyond what I could have expected. Without them I would not have been able to navigate...

4 years ago

Donna

I cannot fault the service I have received from Leo, Wendy and the team. They have made a potentially stressful process very easy, offering support and guidance throughout. I would recommend this team to anyone in need of mortgage advice. Thank...

5 years ago

Sandra

Matt was first of all hugely understanding and quite reassuring in what I knew would prove a difficult task! Under 2 years self employment history, trying to gain a second family home without selling the first and possessing a buy to let which also...

5 years ago

Louis

I had a complex situation and I was nervous about the whole thing. Chris worked his magic and got me a mortgage offer within 2 weeks. I was amazed. Working full time I found the evening appointments terrific.

6 years ago

Michelle

Thank you to Laura and Matt who worked seamlessly to get my remortgage offered. I’m really happy with my new deal, much better rate than what my bank were offering.

6 years ago

Mary

My mortgage broker was easy to get hold of and efficient. Overall my experience was good value for money. As a first time buyer I felt I had support throughout my purchase.

6 years ago