Safe Home Income Plans (SHIP)
For the past decade, SHIP has been protecting the interests of older homeowners when taking an equity release scheme and is supported by the leading providers of equity release plans.
Each member company of SHIP is pledged to observe a Code of Practice which provides consumers with the following guarantees:
- That you will never lose your home
- That you have the freedom to move to a suitable, alternative, property if you wish
- That you will always be provided with a fair, easy to understand, and full presentation, of all your obligations and commitments
- That you will have a no negative equity guarantee (i.e. you will never owe more than the value of your home)
Details of the companies who subscribe to the SHIP Code of Practice can be obtained by calling telephone number 0870 241 6060
