Early repayment charge (ERC) options

Choose between a fixed or a variable gilt index ERC for all new applications

We offer a choice of either a fixed percentage or a Variable gilt index ERC 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 can see what their fixed percentage ERC will be in any given year they choose to redeem.

Or they can choose our Variable gilt index ERC, which has a transparent calculation to work out the repayment charge amount. These options give customers the  flexibility to pick what works best for them. The choice between fixed and variable gilt index must be made on taking out the mortgage , once the lifetime mortgage has completed the initial loan and all subsequent loans will have the same chosen charging model applied.

There is no ERC to pay if the loan is redeemed upon death or if going into long-term care.

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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We offer a Pension Annuity and an Immediate Life Annuity – making Aviva’s annuities a range to consider for your clients.