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Download a quartely investor report for the note you’ve invested in. Each of these reports gives you details of how the equity release funding company that issued your note has performed over a period of three months.

Notice issued 3 March 2017

Errors have been identified in the financial reporting process used to generate the Loan to Values (LTVs) for the Loans in the Equity Release Funding plc securitisation transactions (ERF1, ERF2, ERF3, ERF4 and ERF5). This has impacted the LTV’s in investor reports dated prior to 1 March 2017.

The following sets out the impact on the unindexed LTV and indexed LTV that were set out in the latest published Investor Reports:

Unindexed Indexed
Before After Before After
ERF1 69.2% 76.0% 33.2% 35.8%
ERF2 63.7% 75.3% 29.3% 34.2%
ERF3 64.4% 70.7% 36.1% 39.4%
ERF4 66.3% 68.5% 42.2% 43.6%
ERF5 57.0% 59.4% 41.3% 42.4%

Where Unindexed refers to the original property value and Indexed means indexed from the original property valuation date using the annual Halifax Property Index.

Upon identification of the errors extensive tests and controls have been applied to give sufficient reassurance that the issues identified have now been corrected.

Updated Investor Reports for the latest quarter will be issued on or before 13 March 2017 (prior period investor reports will not be corrected).

Dated: 3 March 2017

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