What does 'Equity' mean when buying a property?
Find out what Equity means when you are buying a property. 'What does Equity mean?' plus over 150 other property related terms and jargon in plain English
How much more or less your property is worth compared to a loan secured on it. So if your property is worth £200,000 and the mortgage on it is £120,000 then you have £80,000 of equity in that property.
Where a property is worth less than the mortgage or a loan secured on it, this is known as negative equity.
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