Why Are SHIP So Important to the Equity ...

One of the key features of an equity release scheme taken out today is that it comes with a no negative equity guarantee, meaning that homeowners, releasing equity from their home, won’t ever owe more than it is worth. This guarantee is promised by Safe Home Income Plans (SHIP) whose code of conduct is adhered to by the majority of the market’s leading providers. Protecting the Consumer Ever since 1991, SHIP has been protecting consumers with the no negative equity guarantee at the heart of their work. A home reversion plan has the potential to unlock a...