Is It Safe?
Is Equity Release Safe??
In 1991 leading equity release providers established Safe Home Income Plans (SHIP), an industry body that has established a Code of Practice that has been welcomed by Age Concern.
SHIP is dedicated entirely to the protection of plan holders and promotion of safe home income and equity release plans.
- You retain the right to remain in your home for as long as you choose.*
- You have the financial freedom to move to another property, without financial penalty.*
- You are guaranteed a cash lump sum payment or a regular income.
- You will never fall into negative equity should house prices drop in the future.
* subject to individual plans terms and conditions
