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:
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:
Today
The new Delayed Start Mortgage launched by Skipton Building Society allows first time buyers to postpone the first three mortgage payments. This product has been designed to help soften the blow of moving in costs for first time buyers.
2 days ago
Mortgage lenders are starting to recognise their “Green” responsibilities when it comes to the different products they offer.
A recent study by Boon Brokers where 1,000 people who had used an estate agent over the last year were surveyed, showed that a whopping 52% said they were pressured into using the estate agents’ in-house mortgage broker.
12 days ago
Analysts are predicting further rate cuts this year, with the next one possibly coming down to 4% when the Bank of England’s Monetary Policy Committee meet on Thursday 7th August 2025.
The Financial Conduct Authority (FCA) has shared new changes to mortgage rules with the aim to simplify remortgaging, and encourage competition within the mortgage market.
19 days ago
Lloyds Banking Group has jumped on the bandwagon to boost lending for first-time buyers as they allocate an additional £4 billion to help first-time buyers on to the property ladder.
As the Loan to Income (LTI) cap has been increased to 5.5 times income, applicants who fit the First Time Buyer Boost criteria could borrow up to 22% more.
The government is introducing mortgage reforms to boost homeownership, stimulate economic growth, and make the housing market more accessible, especially for first-time buyers.
Chancellor Rachel Reeves has announced the most significant mortgage reforms in over a decade—great news for those dreaming of homeownership.
22 days ago
Nationwide ease their ‘Helping Hand’ mortgage designed to help first-time buyers get onto the property ladder by allowing them to borrow up to six times their income.