A legal interest registered against a property to secure a debt. A lifetime mortgage normally creates a first legal charge or must rank as required by the provider.
A legal interest registered against a property to secure a debt. A lifetime mortgage normally creates a first legal charge or must rank as required by the provider.
Equity release may involve a lifetime mortgage, secured against your property, or a home reversion plan. It will reduce the value of your estate and impact funding long-term care.
This is a plain-language explanation of how the term is commonly used in the UK. It carries no source key because it makes no regulatory, product or property claim that needs one. It does not override a provider’s offer, your mortgage conditions, a solicitor’s advice or a regulator’s rules.
Checked 7 September 2026. The whole vocabulary sits on one page, so you can look up two words in the same sentence without going anywhere: see this entry in the full glossary.
This page explains a word. It does not tell you what to do about it, and nothing here is advice about your circumstances. The guides work through the decisions themselves, and an adviser is the person who can answer a question about you.
Every guide on the site →Equity release may involve a lifetime mortgage, secured against your property, or a home reversion plan. It will reduce the value of your estate and impact funding long-term care.
These guides use the term. Each line is quoted from the page it links to.
“The exact remaining term, the ground rent, the service charge, and whether the freeholder will extend.”
Equity release eligibility: age, property and criteria →“All five standards quoted on this page, plus the early repayment charge waiver on a permanent move into care.”
Lifetime mortgages: the five protections →“This sets out both, and the circumstances in which Council members waive the charge entirely.”
Early repayment charges on equity release →“Early repayment charges vary by product and some are linked to gilt yields, which means the charge itself moves.”
The risks of equity release, with the numbers →“Is my early repayment charge a fixed percentage or linked to gilts.”
The equity release questions to take with you →“Find out which kind of charge your plan has, and what that means.”
Equity release fees, beyond the interest rate →Each of these either appears in the definition above, or names this term in its own.
Short answers to the things that come up most. None of it is advice, and every figure on this page carries its source.
A legal interest registered against a property to secure a debt. A lifetime mortgage normally creates a first legal charge or must rank as required by the provider.
It is a plain-language explanation of how the term is commonly used in the UK. It carries no source key because it makes no regulatory, product or property claim that would need one, and it does not override a provider's offer, the conditions of a plan you hold, or advice from your solicitor.
No. There is nothing on this page to fill in and nothing is collected by reading it. Looking up what a word means is not a decision, and we are not able to advise you about your own circumstances in any case.
Equity release may involve a lifetime mortgage, secured against your property, or a home reversion plan. It will reduce the value of your estate and impact funding long-term care.
One qualified equity release adviser. They will go through your figures and tell you if there is a better answer. It costs nothing and commits you to nothing.
Google Analytics, Microsoft Clarity and Vimeo. Say no and none of them loads. What each one stores, and what Microsoft use theirs for.