Glossary
Welcome to our glossary section.
If you're looking for the definition of a particular finance term or phrase, you can look it up here in our loans glossary. If the term or phrase you're looking for isn't listed, please let us know and we'll make sure it gets included.
Equity
Equity is best defined as the proportion of a property, which is owned
outright after the balance of any loan which is secured against it.
Available equity is calculated as follows: -
Current Property Value - Mortgage Balance = Available Equity
