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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