What does Equity mean?

If your home is worth more than the mortgage you owe on it, the difference is known as the ‘equity’. For example, if you have a mortgage of £50,000 and your home is worth £60,000 you have equity of £10,000. (Also see negative equity).


Want to speak to a friendly staff member?

Sometimes it's easier to discuss things face-to-face. All our branches have staff ready and waiting to talk. If you’d like to discuss your options or you think you need help, call in at your local branch.

Branch finder

Alternatively call our enquiries line between:

9am and 5pm Monday to Friday or
9am and 12pm on Saturday

Our staff will be more than happy to help with any questions or queries