please explain this .what is equity ?

[gg12346]

if i have put 25% percent deposit in massive house only to get the house and reduce my mortgage years to less than 20.I wanted to ask whether after 15 years suppose I sell the house to downsize .Will I get my 25 percent back .

Only if the house has held its value or risen above the value from the day you put down the 25%, If the house declines in value (as many did in 2008) you may lose money.

You might, you might not.

Equity is the different between what the house is worth (or sold for) and what you owe on your mortgage.

So for example, you buy a house for £100k today with a £20k deposit. The £20k is your ‘equity’ because the house is worth £100k and you owe £80k.

In ten years time, you might have paid off £10k and the property value has increased by £10k, so your equity is the difference between what you owe and the property value - in this case, it would be £40k because you’ve gained £20k in paying off and in property value.

Of course, if property prices plummet and you pay off nothing, then you could end up in negative equity which is where you owe more than your house is worth.

The short answer to your question exact question is unless the market crashes again, yes you’re likely to get your deposit back. The years you pay the mortgage over is not relevant to this question, but whether or not you have an interest only or repayment mortgage is.

Wow that’s long. Hope it’s helpful. I’m a little drunk and longwinded!

Your equity will be the positive balance (if any) between what's outstanding on mortgage and sale price at the time of sale.
Quite difficult to predict the market in 15 years

PS I bought this house in 2007 and within a year we were no doubt in negative equity. Now, we’re selling at £10k above what we paid for it and have paid off £10k, so our equity has gone from the original £10k deposit to £30k.

Equity is the difference between what its worth and what you owe. In 15 years what you owe will be a lot less as you’ll have been paying the mortgage for all that time so it’s unlikely that you wont get your 25% back, but its not impossible