We are delighted to be able to announce that Mortgage Required has joined the Equity Release Council
The Equity Release Council (ERC) is a ‘not-for-profit’ organisation and a respected industry body for the equity release sector. It aims to fully represent and facilitate the safe growth of the equity release market by helping to create the conditions which enable the market to develop effectively. Built on the legacy of a predecessor body called SHIP (Safe Home Income Plans), the Council was launched in 2012 and represents over 180 member firms in the UK.
Our Managing Director, Tim Atkinson, stated that “Joining the Equity Release Council was an easy decision for us as they stand for ethical lending and putting the client's needs first. The ERC is a voluntary organisation who have fought hard to clean up the image of the Equity Release market and Mortgage Required will only sell products governed by the ERC”.
The conditions of the Equity Release Council require that mortgage terms include that:
- there be no Negative Equity Guarantee. In other words, you never owe more than the value of the property
- Interest rates are fixed or capped for the life of the loan
- Security of tenure for life - you can stay in your property until you either die or move into a long term care home
These requirements address many of the pitfalls that have been historically linked to the equity release market.
Tim added that “..At Mortgage Required we offer all of our clients a free face to face meeting to look at all the options available. Whilst Equity Release can offer the opportunity to raise the most money later in life, it is possible a traditional mortgage or other forms of lending may be a more suitable alternative..”.
If you would like to learn more about equity release and how it might best serve your needs call us for an initial chat.
Related articles:
Download our Free First Time Buyers Guide
Recent posts
The government has announced plans to make buying or selling a home cheaper and quicker with what is being called the “biggest shake-up to the homebuying system in this country’s history.”
More borrowers using equity release
8 days ago
Almost one in five equity release mortgages are now taken out to provide financial support to family.
Buyers purchasing properties sooner
10 days ago
According to industry data, the expected wait for those looking to buy a property has dropped from just over 11 months to less than six months.
It is common for your first mortgage payment to be higher than your subsequent monthly payments for two reasons.
What to do just before you get your keys
15 days ago
Firstly, a big congratulations, you’ve now exchanged contracts! After weeks and months of waiting, you are about to move in. What should you do first?
The chancellor will deliver her second budget this autumn. Due to slow economic growth and high inflation, the government need to manage a £40 billion shortfall in public finances. There have already been reports about changes to taxes including income tax and capital gains tax.
Landlords could face a new tax this autumn
29 Aug 2025
The chancellor has advised that landlords could have another tax to pay this autumn as the Treasury decide whether to extend national insurance contributions to rental income.
According to a report in the Guardian, senior ministers have asked Treasury officials to look into a “proportional” property tax to see how it would work as an alternative to the existing stamp duty land tax on owner-occupied homes.
More information
Trusted by
