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MRT 2 · Equity Release Standards Body
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Equity Release Standards Body

The ERC principles (especially no negative equity guarantee and right to remain), and the difference between lifetime mortgage and home reversion.

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Key points

Question 3

Which term matches: "Trade body setting standards for equity release providers and advisers"

Question 4

What does "No negative equity guarantee" mean?

Question 5

Match each term in "Key points" to its meaning

Tap a term, then tap its matching definition.

Question 6

Fill in the blank

______ — Borrower can stay in property for life (or until entering long-term care)

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What the exam tests

The ERC principles (especially no negative equity guarantee and right to remain), and the difference between lifetime mortgage and home reversion.

Question 8

True or false?

The ERC principles (especially no negative equity guarantee and right to remain), and the difference between lifetime mortgage and home reversion