If you own your house, what kind of equity (in percentage terms) do you have roughly?

[Twiglett]

Just because we're talking about the housing market dropping and the potential re-emergence of negative equity I'm wondering what kind of exposure people have.

I'll start by saying we're bloody lucky in that we have something like 73% equity at a conservative valuation of current prices which means we could easily swallow a 25 - 35% market fall

what about you?

whichever way you do the maths - you should be able to see if you have got it roughly right - eg value of house 200 000, mortgage 150 000 - means you owe 3/4 of the value of you house - so have 25% equity, value 200 000 mortgage 50 000 is the opther way round - 75% equity.

The closer the mortgage to the value the less equity you have.

100%
I bought my first flat in London when I was 22. I had a huge mortgage (3 times my salary) and believe me that was agony when interest rates were 15%.

Surely the amount of actual equity you'd end up with if you sold depends on the current sale value? Which, depending when you bought, could be anything from ten times what you originally bought it for, down to the same or a bit less.

If DW and I had sold this time last year we'd have made about £120K on this house. I doubt we'd make the same now.

We have just moved to a house in which we have 25% equity. We also own a flat in London. We have more equity in that (worth 4/5 as much as our four bedroomed house ...) so not too badly off overall.

In total we have about 45% equity.

53% equity.

not fab but not disastrous.

I am at all those with 100%

we have 68% equity on the house we live in

and

60% equity on a BTL we rent

So we look healthy enough, but more worried about the monthly payments at the moment, our fixed runs out in September - and may have to go back to work! (was planning to anyway but it sounds more dramatic by saying that I would have to)

Mortgage is about 60% of current valuation, so we have about 40% equity

That is all about to change as we have to extend our borrowing to clear debts and to do some work on the house, so we are remortgaging - we will only have about 20% equity

I don't lose a lot of sleep over it tbh. Not planning on moving any time soon anyway.

Ours is 83% ours (have never figured out actual percentage before - took me about 10 mins but rather pleasing!)

85% and counting.

we only have 30% equity. We used the equity in our last (much smaller) house to buy our current one nearly 3 years ago. It's still worth the same as we paid. In some ways I regret buying it now but we'd run out of space in our old place, and I guess it only matters if we need to sell. Prices in our area haven't shifted either way for more than a year now.
Our mortgage is about 2.75 our joint salary (I still work P/T).

Another interesting question would be what would the multiple of your household earning have to be in order to afford your current house if you were buying it today (assuming you are able to actually get a mortgage)?

Swedes do you mean starting from scratch? If we were to buy our house today as a 'first property' then it would be 10 times our income. But as I said above we were very luck with when we bought.

Yes Swedes what size of deposit did you have in mind? Actually we have never had less than 25% deposit but we would struggle to save that for our current house. Assuming we could, however, the rest of the house is 5x our current salaries and no way could we afford a mortgage of that size!

I dont know how to work it out

£102k left on mortgage, house recently valued at 140k

Not much is it?????

(cant work it out)

we have about 50% equity, which is good as we are about to re-mortgage as coming to the end of our fix.

27% or there abouts. 100 * (140-102)/140

thats crap isnt it? ( we only got a mortgage in 2004 though)

I think we could probably have about 40% but I couldn't be too sure about it.

When we bought it nearly 2 years ago the price was first dropped by about 10% then another 15% when we put our offer in.
So not entirely sure what the value would be.

we have also 100% and in current market/salaries we would not be able to afford our house now.

75% equity, if I've done the maths right..... mortgage divided by value, multiplied by 100%????

Am surprised that so many of us have relatively high equity.

Estimate close to 95% equity here, but we are about to extend (loft conversion and conservatory, plus a load of improvements to mainly external areas), which will take us closer to 80% based on current house value, but have no idea what impact the improvements will have on market value.

equity is what you would left over if you sold up and paid of your mortgage.