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?

Well I guess that reflects selective thread contribution, plus the length of time most of us have been home owners. I bought my first property in 1995 and it had more than tripled in value when we sold last year.

Well my brain is not working properly but mortgage is 62,000 and the house is valued conservatively at £145,000. Gone for the lowest valuation given work needs doing and 3 kids have wrecked it!

So, if we sold tomorrow (hahahaha) we would receive 75% of the price realised. Yes? What's the difference betwee LTV and equity to value then?

About 70 per cent. So we could swallow a fall, it's mortgage payments getting more expensive that will be a problem for us.

we sold our house last summer and have all the equity in the bank thank god so 100% which would buy a modest 3 bed house herein the south but who knows what it will buy next year?

About 20%, but we have not been on the ladder very long. Mortgage is about 250K!

WE have just over 50% equity.

To buy it now, we would need to borrow about 4x dh's salary.

No plnas to move though!

about 55% equity based on value a year ago.

Excellent, Jura! Thank you very much.

Around 35% at current valuations... who knows how long that'll be the case though.

We bought 4 years ago and being a pessimist I would have been happy just to avoid negative equity (people were calling the top of the market then, but they were wrong) so can't complain too much.

about 5% after taking a 100% mortgage when we moved house last year

but mortgage payment only accounts for around 25% of our net monthly income so no problem paying the mortgage as long as we are both still working.

Negative equity only becomes a problem if you want/need to move house because if you stay put prices eventually creep back up again (as they did after the last recession). Problem comes with a combination of factors - if for example you lose your job which means you can't meet the mortgage and are forced to move when sale proceeds don't cover the outstanding mortgage if like us you have a high loan to value.

We don't have a morgage as we paid it off 5 years ago.

The hose is now worth about 80% more than we paid for it

About 45%.

Our outstanding mortgage is about 2.75 x DH's gross salary. Which is not too disastrous I think. A bit of a struggle at the moment because I'm not working, but with any luck I shall go back part time next year (ie before our fixed rate runs out ) and it will become easier.

ours is about 20% (equity) I reckon

it's why I'm at work really - we knew there'd come a point where we could not survive on one salary

although our total mortgage outstanding is only about 1.5 times our joint gross income (about 3 times our net income after the nanny) so not too horrendous

about 70% equity. Current mortgage is less than twice DH's income, but if we were to buy at current rates we would need to borrow nearly 5x joint salary!!!

63% equity here, would have been 72% but we added 10k on to do house up a bit. Still very small mortgage. Cant ever afford to move cos house never going to be worth more than 120k realistically!

About 38% with about 3.5 times DH's salary.

Blimey. I was pretty happy about our LTV until I read this thread . We only moved a year ago though, and don't plan on moving again for a good while.

erm.......am crap at maths.

I think we are about 75% equity......

I know that we have about 120K equity ATM, and our mortgage is the same as it was 9yrs ago (we moved in 11yrs ago and had to put 20k on it as DD3 was really poorly for the first year of her life and we needed the money for debts).

I don;t think we need worry about neg equity tho for now, thank god, as we looked into moving last year and the prices scared me so we didn;t......glad I listened to myself now !

Don't worry Fallen Madonna, it could be worse. We haven't bought anywhere so have no equity at all and the flat we're renting would cost at least 5 times our joint salary if we wanted to buy.

so many peole have so much euqity! Ours is about 30% on current market value, recently had been as much as 40%. Not a factor unless you sell/have to sell, ok if you can sit it out, imho.

83% for us. I bought my first flat when I was 19 - with a 102% mortgage - eek!

40% when we purchased - probably more like 55% or so now.