Equity Explained
This tells you the financial difference (monetary) between the actual value of a property, and the mortgage held against the property. You may have heard the term negative equity - where the mortgage value is actually greater than the value of the property: a worrying predicament to be in.
Property Articles
We hope you find this mortgage glossary / explanation of mortgage terms useful. You might also be interested in our articles on a range of property related issues, a selection of which are listed below:- The Auctioneer
- Home Information Packs explained
- Guarantor Mortgages
- Finding A Property
- Offset Mortgage
- Tips and hints on buying abroad
- Looking after a let property
- Finding Property Prices
- Property Auction Glossary
- Current account mortgages
- Buy To Let
- Property Purchasing in Spain
- Getting a better deal without remortgaging
- Getting Ready for a Property Auction
- Property Gazuming Explained
