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| Safe Home Income Plan (SHIP) GUARANTEEIt is important that you check your home reversion or equity release provider
is a member of SHIP. Our panel of independent equity release specialists only provide advice on and recommend equity release lifetime mortgage and home reversion plans that adhere to the SHIP code of conduct.
A list of Safe Home Income Plan providers
Review our equity release service charter only available from our panel of independent equity release specialists. Other Useful Sites You Can Try For Equity Release Schemes | |||||||||
Send mail to mail@equity-release-quotes.co.uk with questions or comments about this web site. Copyright © 2003 Equity-Release-Quotes.co.uk.Please note equity-release-quotes.co.uk is not authorised by the Financial Services Authority; we simply pass your enquiry to a specialist equity release firm. |
The members of SHIP agree to provide fair, simple and complete
presentation of their plans. The benefits, obligations, variables and
limitations must be clearly set out in their literature, including all
costs which the applicant has to bear in setting up the scheme, the
position on moving, the tax situation and the effect of changes in house
values.
The
client’s legal work will always be performed by the solicitor of his or
her choice. In all cases, prior to the completion of the plan the
solicitor will be provided with full details of the benefits the client
will receive. The solicitor will be required to sign a certificate to the
effect that the scheme has been explained to the client.
The SHIP certificate will clearly
state the main cost to the householder's assets and estate e.g. how the
loan amount will change or whether part or all of the property is being
sold.
All
SHIP plans carry a 'no negative equity' guarantee i.e. you will never owe
more than the value of your home.