SHIP (Safe Home Income Plans)
Safe Home Income Plans
Safe Home Income Plans (SHIP) was launched in 1991 as a response to the growing need for consumer protection in the area of equity release. SHIP represents the majority of the equity release market in terms of volume and its members include the leading providers of both lifetime mortgages and home reversion plans.
The main aims of SHIP are:
- To remain dedicated to the protection of the consumer through their code of conduct
- To increase education, awareness and understanding of the safeguards in place and of how equity release works.
All member companies must observe the SHIP Code of Conduct and members display the SHIP logo in their brochures and other printed material as a guarantee to their customers.
Members of SHIP also offer a ‘no negative equity guarantee’ which guarantees that no matter what the amount owing is when your property is sold, the maximum amount due will never exceed the sale price of the property. This guarantees your family will never be left with a debt after you’re gone.
You can be assured that each member of the panel of lenders our advisers recommend is a member of SHIP, and offers a no negative equity guarantee on their products.
If you feel that equity release may be right for you, or if you’d just like to know more you can call 0800 622 6724 or request a call back. One of our team will be able to discuss with you your circumstances, review your eligibility and if appropriate arrange an appointment for you with an adviser.