Search Site

Mortgage Glossary

Below is an A-Z glossary of general terms used within the mortgage industry. Click on any term to view a detailed explanation. Use the alphabet below to navigate quickly to a term beginning with:

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Equity

Print Page

Email Page

This is the amount of the home that is actually owned by the borrower, mortgage free. To calculate the amount of equity, take the value of the property and deduct the amount of the outstanding mortgage.

Back to glossary index

Online Mortgage Enquiry & Quote

Online Enquiry...

If you would like to receive a quote for a mortgage from an FSA regulated broker please
Click here...

Related Mortgage Services and help...

Mortgage Lenders

Mortgage Calculator

Typical Interest Payments

First Time Buyers

5.94%

Purchased Fixed

6.45%

Discounted Rate

5.95%

Buy To Let

6.29%

Commercial

7.55%

Affordability Calculator

Mortgage News Feed

Mortgage rate cuts raise borrowers' hopes

Hopes have been raised that the mortgage crunch may be eas...

Lenders slash house price forecast

Mortgage lenders have slashed their forecast for house pri...

Mortgage Lenders Profile A-Z List

Find a mortgage lender whose name begins with:

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

View Full List...

Questions & Answers

Read about general questions asked by brokers and lenders and the best ways to answer...