can someone help me with some easy ish figures?

[jellyjelly]

hello

if my property is worth 180k, mortgage 125k equity is 55k right?

If i want to buy a property that is 80k what would my mortgage be?

Please help, i dont get part buy propeties

Okay, so if you have 55k of equity - you need to take that away from the cost of the new property so your mortgage would be £25K. However if you have no wiggle room remember you need to take into account fees/estate agency/moving costs etc.

what do you mean wiggle room?

I mean moving house costs money - it's not just the cost of the house you have to pay: arrangement fees, solicitors, stamp duty, blah blah blah. You need wiggle room (as in room to maneouvre if and when things go awry (and they will in most cases) whether it's survey costs, Home Information Packs, or something else, it always costs a lot more than you think so you need to include that into your budgeting.

thankyou
Much appreciated.