Equity build up

Yates78

How quickly do you build up equity in a property? I know various factors can affect this, however, assuming the housing market, interest rates etc remains the same etc is there a general guide? Are there any free equity calculators?

Thanks

Thrugelmir

Most reliable way is to pay down the capital borrowed as quickly as you are able. Less the capital you owe, the less interest you will be charged every month. Like rolling a snowball , over time the gains will compound.

Annisele

Try something like MSE's mortgage calculator, plugging in your assumptions about interest rates etc.

That shows the debt reducing, rather than the equity increasing - but if you're assuming house prices stay the same, it should give you what you want.