Equity Release - SHIP Guide

What is SHIP?

SHIP (Safe Home Income Plans) is a professional body that exists for the purpose of promoting safe equity release schemes. 

SHIP aims to:

• To remain dedicated to the protection of the consumer through codes of conduct.
• To increase education, awareness and understanding of the safeguards in place and of how equity release works.

Why is SHIP Important?

Equity release companies which are members of SHIP offer a number of guarantees such as:

• the right to live in your property for life - so that you can rest assured that you can never be kicked out of your home for the lender to realise their investment
• the freedom to move properties without penalty - so that you won't be restricted to living in the same house should you want or need to move elsewhere
• a guarantee that you can never owe more than the value of your property - so that you can never end up with negative equity should you house fall in value, or you live longer than the lender expected

Look for companies displaying the SHIP logo. Those displaying the SHIP logo must observe the SHIP code of conduct.

SHIP Members

The following companies are members of SHIP:

• Aviva
• Bridgewater
• Coventry Building Society
• Hodge Lifetime
• Home & Capital
• Just Retirement
• LV=
• More 2 Life
• New Life Mortgages
• Northern Rock
• Partnership
• Retirement Plus
• Saffron Building Society
• Stonehaven