Who are the Equity Release Council and what do they do?


The Equity Release Council (ERC) are the industry body for the equity release sector. In its own words, 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 (…) Put simply we believe in protecting and educating the consumer to the valid use and access to equity release by guiding and supporting the profession on their delivery.”


As a not-for-profit organisation, they are focussed on ensuring that the equity release industry is safe and fair for consumers. They approve equity release plans which offer a number of product standards, including

  • A no negative equity guarantee. This means that you can never owe more than the value of your home.
  • The right to remain in the home for life or until you need to move into long-term care, provided you use the property as your main residence and don’t break the terms and conditions.
  • The right to move into a suitable and eligible property, subject to your provider’s lending criteria.
  • The interest rates for a lifetime mortgage must either be fixed or have a fixed upper limit (“cap”) for the life of the loan.

If an equity release provider is a member of the Equity Release Council, then they comply with the ERC’s Statement of Principles ensuring customers are fully informed and properly protected. We’re delighted to be comparing many ERC approved plans on this site.

Access to over 50 plans