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Safe Home Income Plans

Safe Home Income Plan

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.
 
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Disclamer

EQUITY RELEASE SCHEMES WILL REDUCE THE VALUE OF YOUR ESTATE AND MAY AFFECT YOUR ENTITLEMENT TO STATE BENEFITS. EQUITY RELEASE MAY INVOLVE A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS ASK FOR A PERSONALISED ILLUSTRATION.
 

Equity Release Solutions Limited Registered in England no. 5195106 is an Appointed Representative of Personal Touch Financial Services Limited, which is authorised and regulated by the Financial Services Authority. A Fee of £595 payable on completion. We will also be paid commission from the company that lends you money.
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