SHIP and equity release


If you have been reading a lot about equity release, you will have come across the organisation called SHIP – Safe Home Income Plans. If so, you might be wondering what exactly it is that they do. Well I’ll try and explain a little bit more about SHIP for you. SHIP is a company that is supported by the most respected and responsible equity release companies. It has the aim of providing the consumer with the most reliable equity release scheme possible and does this by providing a code of conduct for its members to follow.

The code of conduct for equity release can be broken into two parts:

First, it is the duty of all members to provide clear and accurate advice on equity release.

Secondly, SHIP address the equity release and home reversion plans itself. All plans provided by SHIP members must carry a no negative equity guarantee; meaning you will never owe more than the value of your home – no matter what the market does.

Responsible Equity Release is a trading style of Responsible Life Limited. Responsible Life Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register ( under reference 610205. Only if you choose to proceed and your case completes will Responsible Life Limited charge an advice fee, currently not exceeding £1,490. A lifetime mortgage may affect the value of your estate and your entitlement to means-tested state benefits. Our adviser will talk you through this and the setting up costs before you make any decision to proceed.

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