Glossary - Understanding Industry Terms
What does negative equity mean?
This occurs when the cumulative debt from your mortgage and/or other secured loans against your home surpasses the property's current market value. In such a scenario, if property prices decline, you may find yourself owing more than the actual worth of your home.
What questions do our Devon team get asked about negative equity?
Equity release advice is one of our expertise. Our Devon team regularly get asked these questions about the topic of negative equity:
Should I worry about negative equity?
What is the problem with negative equity?
What do I do if my property has negative equity?
If you are looking for equity release advice, or would like our support on a different topic, please don't hesitate to get in touch with our Devon team.
Sound and unbiased advice for more than 25 years
We pride ourselves on being one of the go-to financial specialists in the area. Over the last 25 years, our Devon team has supported thousands of customers on a wide variety of topics such as equity release advice.
Our equity release advice team have helped customers across Devon in areas such as Southernhay, Ottery St Mary, Exeter, Exmouth, Newton Abbot, Tiverton, Sidmouth, Crediton, Cranbrook and Cullompton to name but a few.
About Beerstone
Beerstone Financial Services was established in 1996 by Chris Beer, our Founding Director, who still plays a key role in the company and ensures we maintain the best service.
Beerstone Financial Services was established in 1996 by Chris Beer, our Director, who still oversees the company and ensures we maintain the best service.
In total we have over 30 years of experience in financial services working in a range of environments so you can be sure that your situation is in experienced hands.
Speak to our team
Visit our offices: 2 Southernhay West, Exeter, EX1 1JG
Beerstone Financial Services Ltd (542704) is an Appointed Representative of BrokerSync Ltd, which is authorised and regulated by the Financial Conduct Authority (1031981).
There may be a fee for Mortgage Advice. The precise amount will depend upon your circumstances and will be agreed upon following your initial meeting.
Investments, Pensions, Wills, Trusts, PMI and Estate Planning will be referred to our authorised third-party providers. Beerstone Financial Services Ltd and BrokerSync Ltd are not responsible for any advice received from the third-party providers.
Investments, Pensions, Wills, Trusts, PMI and Estate Planning will be referred to our authorised third-party providers. ABC Ltd and BrokerSync Ltd are not responsible for any advice received from the third-party providers.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Conveyancing, Wills, and some forms of Buy-to-let Mortgages and Commercial Mortgages are not regulated by the Financial Conduct Authority.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or other debt secured against it.'