A guide only. Deposit is your equity after a £895 fee and ~£2,200 selling costs. Your next budget assumes the deposit plus your new mortgage, before stamp duty (estimated separately). A mortgage adviser can confirm how much you could borrow.
*Standard residential stamp duty on your next purchase, paid separately from your deposit.
Your equity is what would be left for you if you sold today and paid off everything secured against the home. The sum is simple:
Equity = current market value − everything still owed on the property
"Everything still owed" means the outstanding balance on your mortgage plus any second charge, secured loan or Help to Buy equity loan registered against the property. It is the redemption figure your lender would quote, not the amount you originally borrowed.
Say your home is worth £280,000 and you have £110,000 left on the mortgage:
At £180,000 owed on a £250,000 home the equity is £70,000; at £40,000 owed on a £400,000 home it is £360,000. Move the sliders above to see your own figure and what it could buy once a new mortgage is added on top.
Two things change it: the mortgage balance falls a little every month as you repay capital, and the value of the home moves with the market. Nobody can promise a growth rate, but as an illustration — a £280,000 home rising 3% a year would be worth about £324,000 after five years, and a typical repayment mortgage of £110,000 might fall to around £95,000 over the same period. That would take equity from £170,000 to roughly £229,000. Use a lower or higher growth assumption and the same method still holds.
They are close but not identical. Your deposit for the next home is your equity after the costs of selling and buying have been taken out — agent fee, conveyancing on both the sale and the purchase, and stamp duty on what you buy. The calculator above shows the deposit figure, not the raw equity, so it reflects what you would really have to put down.
Take the current market value of the home and subtract everything still secured against it — your outstanding mortgage balance plus any secured loan or Help to Buy equity loan. What is left is your equity. On a £280,000 home with £110,000 left on the mortgage, that is £170,000.
£170,000 before the costs of moving. After a fixed £895 to sell and roughly £2,200 of conveyancing and disbursements, about £166,905 would be available as a deposit for your next home.
Not quite. Your deposit is your equity after the costs of selling and buying — the agent fee, conveyancing on both sides and stamp duty on the purchase. The calculator on this page shows the deposit figure rather than the raw equity, so it reflects what you could actually put down.
It depends on how much the home grows in value and how much of the mortgage you repay in that time. As an illustration, a £280,000 home growing 3% a year would be worth about £324,000 after five years, and a £110,000 repayment mortgage might fall to around £95,000 — taking equity from £170,000 to roughly £229,000. Choose your own growth assumption and the method is the same.
It is a cost of selling, so it reduces the cash you walk away with, the same as conveyancing does. It is a fixed £895 whatever your home sells for — no commission and no percentage — so on a higher-value home it takes a far smaller bite out of your equity than a percentage fee would.
No. A transfer of equity is a legal change to who owns a share of a property — adding or removing a name after a marriage, separation or inheritance — and a conveyancer handles that. This tool works out how much equity you hold and what it could buy on your next move.
We can value your home, get you mortgage-ready and line up your next move — all under one roof, for a fixed £895 to sell.
Create a free Our Agents account and your figures are saved and kept up to date — alongside real sold prices for your postcode, new listings before they reach Rightmove and a market report for your area every month.