Safe Home Income Plans (SHIP)

Equity Life UK only recommend equity release schemes from providers who are SHIP members.

What is SHIP and why is it important?
A number of providers formed a trade association in 1991 called Safe Home Income Plans or SHIP. SHIP members adhere to the following code of practice;

• To provide a fair, simple and complete presentation of their plans.
• To ensure the client?s legal work is performed by the solicitor of his or her choice.
• To clearly state the main cost to the householder's assets and estate.
• To provide a 'no negative equity' guarantee i.e. you will never owe more than the value of your home.

They also guarantee that you will;

• Have the right to live in your property for life.
• Have the freedom to move to a suitable alternative property without financial penalties.
• Receive either a cash sum or regular income payments.

By only recommending plans that form part of the SHIP code of practice, we can ensure that you benefit from the above features and guarantees.

Equity Release England ~ Mortgage adviser Kent ~ Equity Release adviser

These are Lifetime Mortgages and Home reversion plans. To understand their features and risks ask for a personalised illustration.

For our advice we can charge a fee of typically £295 or we can receive commission from the lender.

Equity Life UK Limited is an appointed representative of Sage Financial Services Limited which is authorised and regulated by the Financial Services Authority.

Sage Financial Services Ltd is entered on the FSA register (www.fsa.gov.uk/register) under reference 150452

Equity Life UK Ltd. Registered Office: 80 King Street Maidstone Kent ME14 1BH. Registered in England No. 6164416.

The guidance within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

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