How much is the early repayment charge?

Gilt-based ERCs can range from 0% to 25%+ depending on interest rate movements. We'll get an exact figure from your provider.

Can I make partial repayments?

Many plans allow up to 10% voluntary repayment per year without penalty.

What if I want to move house?

Most plans are portable. If the new property doesn't meet criteria, downsizing protection may allow penalty-free repayment.

Is it worth paying off equity release?

It depends on the ERC, your alternative use of funds, and future plans. We'll provide a full cost-benefit analysis.

Paying Off Equity Release Early

Paying off equity release early is possible but may involve charges. We explain your options and help you understand the costs.

Can You Pay Off Equity Release Early?

Yes, you can repay an equity release plan early, but most plans carry early repayment charges (ERCs) that can be significant — typically calculated using a gilt-rate formula rather than a fixed percentage.

Early repayment charge calculations explained
Plans with voluntary repayment options identified
Downsizing protection features available
Full cost analysis before you commit
100% fee-free equity release advice

Step 2 of 4

Tell us about the property

Estimates are fine — we'll refine the numbers together.

Property Value (£) *

Deposit Amount (£)

Annual Household Income (£)

Your home may be repossessed if you do not keep up repayments on your mortgage.

Early Repayment Charges

Most equity release ERCs are based on gilt rates at the time of repayment. If gilt rates have fallen since you took out the plan, the ERC could be 10-25% of the amount borrowed.

Voluntary Repayments

Many modern plans allow voluntary repayments of up to 10% of the original loan amount per year without penalty, significantly reducing total cost.

Downsizing Protection

Some plans allow penalty-free repayment if you move to a smaller property after a qualifying period (usually 5 years).

When Early Repayment Makes Sense

If you've inherited money, sold another asset, or your circumstances have changed. We'll calculate the exact ERC and help you decide.