An ERC whose calculation can be linked to government bond yields or another stated market measure. It can be harder to predict than a fixed schedule; read the formula in the offer.
An ERC whose calculation can be linked to government bond yields or another stated market measure. It can be harder to predict than a fixed schedule; read the formula in the offer.
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 entry follows Equity Release Council. It is a plain-English explanation of how the term is used in the UK, not a quotation, and it does not override a provider’s own wording.
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.
Early repayment charges on equity release
Find out which kind of charge your plan has, and what that means.
Read the guide called Early repayment charges on equity release →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.
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.
An ERC whose calculation can be linked to government bond yields or another stated market measure. It can be harder to predict than a fixed schedule; read the formula in the offer.
It follows the Equity Release Council. It is a plain-English explanation of how the term is used in the UK rather than a quotation, and it does not override a provider's own wording, the conditions of a plan you hold, or advice from your solicitor.
On the guide "Early repayment charges on equity release", which helps you find out which kind of charge your plan has, and what that means. A glossary entry explains a word. The guide works through what it actually means for a decision, with its sources and the date each was checked.
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.
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