Fixed early repayment charge (ERC) option

Choose between a fixed or a gilt-based ERC for all new applications

We now offer fixed ERCs on all new equity release lifetime mortgages

Whilst parts of life can never be planned, there are times when it helps to have a little certainty.

New customers looking to take out a lifetime mortgage will now be able to see what their fixed ERC will be if they choose to repay their mortgage early.

The option to use the gilt-based ERC will still be available, giving customers the flexibility to pick what works best for them. The choice between fixed and gilt-based must be made on taking out the mortgage and once the lifetime mortgage has completed the initial loan and all subsequent loans will have the same chosen charging model applied.

It's all part of our aim to make our equity release products as individual as our customers.

Technical guides

Why choose Aviva for Equity Release?

Find out what we have to offer you.

Fixed ERCs - a customer guide

This booklet explains why, when and how we make the fixed early repayment charge.


Help to answer your questions, as and when you have them.

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