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?

We have 60% equity- we were 1st time buyers 2 years ago, just before dd was born. Last year we sold our place abroad (was too small for 3) and halved our mortgage. Looks like we did it at a good time.
The interest rate increases this year haven't hurt us, as our monthly payments had dropped.
Our area hasn't dropped at all in price yet- and our property is the kind that will sell easily if we had to, or would rent out easily too.

We were very sensible though, and bought what we could afford on one salary only, in case I didn't want or couldn't go back to work after dd's arrival.

80% atm. Not bothered if prices drop because looking back at trends just sit tight because they will recover and some. The fact is we all need a roof over our heads no matter what happens to house prices.

erm, about 25%.

god, you have got me worried now

being conservative about value of house, we have about 60-65% equity

signing in just for you paula!

I reckon our equity is around 15-20% going by asking prices locally.

BUT I strongly suspect people are not achieving these prices, and I reckon that in reality we have around 10% equity (we took out a 95% mortgage 4 years ago).

I suppose at least the years are on my side if we need to extend the mortgage term . And we're both Agents of the State, with virtually no chance of being made redundant.

Our mortgage is roughly 33% of the current value of the house. So 67%equity.
Mortgage is just over twice dh's salary.
We bought over 10 years ago. Equity would be more but we added to the mortgage 4 years ago when we had the loft converted.

So I think we are safe enough to ride out any property storms.

And I like our house, so am happy to tighten our belts financially and just sit tight.

We have about £10,000 left on our mortgage but as we've been here for 17 years I'm not sure how much the house would sell for - maybe £350,000 - £400,000, which is pretty shocking really as we paid £130,000 for it.

In a way, it would be better for us if property prices did drop, as DS & DD will need housing before very long. Not nice for those with high mortgages though.

I remember last time there was a major drop in values back in the 80's. We bought our 3 bedroom house for £35,000 in 1984, & at one point the house was 'earning' more than we were - it was valued at £105,000 in 1988. But by the time we sold in 1991, we 'only' got £75,000. It didn't worry us, as the extra £30,000 had only ever been on paper for us, but we had friends who'd bought right at the top & had to move at the bottom of the market - it took them years to get back from that one.

We have about 60%,
but quite a small mortgage - less than 2x dh's salary

I really want to move - the next house up the ladder has been falling in price, while our "bottom of the rung" house has been holding steady.

If the market falls more, will interest rates automatically go up more

Sorry, really bad at maths

If your house is worth 200k and you still owe 35k on mortgage then what is the percentage thingy ?

Help !!

Come on that is really really simple!

Divide both by two!

Not much at the moment I ouldn't think. Only moved here 2.5 years ago. House is wrth more than we paid still, so def more than we owe. However, as not planning on moving for a while now it isn't an issue. Market fall would only be potentially an issue if I want to move - which we don;t need to do anytime soon.

We have about 70% equity in our house. The mortgage is less than twice our combined salary, so it feels ok.

Our mortgage is £280K (about three times DH's salary) - the house is probably about £500K and don't expect it to drop too much as we live in very desirable road in very desirable area.

So that makes it quite a good ratio but as I don't want to move until they carry me out in a box it is a bit irrelevant - just wished the mortgage wasn't so high.