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Ship Equity Release 2025: Top Features

SHIP, now known as the Equity Release Council, sets the standards for safe equity release products, ensuring they are transparent and customer-focused.
Ship Equity Release
What Is Ship Equity Release? Learn More About the Interest Rates, Schemes and How Safe Ship Equity Release Is. Get the Experts' Take On It Right Here.
This article contains tops tips from our experts, backed by in-depth research.
Katherine Read
Written by Katherine Read
Bert Hofhuis
Edited by Bert Hofhuis
Paul Sawyer
Reviewed by Paul Sawyer

Contributors:

Francis Hui
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Key Takeaways
  • The SHIP (Safe Home Income Plans) process involves professional advice, property valuation, and completing necessary legal steps.
  • Considered safe for seniors, SHIP is regulated by the Financial Conduct Authority and includes a 'no negative equity' guarantee.
  • Benefits include accessing tax-free cash, no need for monthly repayments, and staying in your home while accessing funds.
  • Risks can involve a decrease in estate value, affecting eligibility for means-tested benefits, and potentially higher interest rates than standard mortgages.
  • The amount accessible depends on age, property value, and the chosen plan, typically ranging from 20-50% of the home's value.

Is Ship equity release the best?

I think you’ll agree with me when I say:

It’s REALLY hard to choose the best equity release provider with all the choices available.

Or is it?

In This Article, You Will Discover:

    Let’s find out NOW!

    As experts in the equity release field (we’ve reviewed more than 250 schemes!), we’ve combed the market, researched all equity release service providers and narrowed it down to who’s on top.

    Is Ship the ideal equity release loan company to assist you and your family?

    This website (SovereignBoss) is not related to, or a part of Ship. The views in this article are our own & may not reflect those of Ship.

    What’s Equity Release?

    Equity release lets you borrow money against the value of your home, with no need to make monthly payments.

    The loan is repaid from the sale of your home when you die or move into long-term care.

    Who Are Ship?

    Safe Home Income Plans (SHIP) is good news for customers considering equity release.1 

    It is a rule of conduct that was established in 1991 with the primary goal of protecting customers when they take out an equity release loan.

    The SHIP Code of Practice will be followed by all participating firms.

    Why Consider Ship?

    Ship Reviews & Ratings

    How Did We Review Ship?

    We reviewed Ship by gathering all the latest information available about it.

    Our review of Ship is independent, and we are not affiliated with it.

    Ship Equity Release Complaints

    If you’re dissatisfied with Ship Equity Release and want to make a complaint, the greatest place to do so is on their website.

    They are concerned about their clients and will route you to the appropriate department if possible.

    The alternative option, if you choose to use a review site like Trustpilot or Feefo, is to provide an assessment.

    Ship Equity Release Interest Rates & Schemes Compared

    Are you looking for a specific equity release scheme?

    Annual interest can be available from as low as 4% to 7%.
    View the most current rates here    .

    Have a look at all the equity release schemes available on the market.

    Learn More About Ship

    SHIP, or Safe Home Income Plans, was founded in 1991 as a consumer protection and equity release company.

    Their plans include the following features:

    • They are allowed to live in their home for the rest of their lives as long as it is their principal abode.
    • They are entitled to an explanation of their lifelong mortgage or property reversion plan that is fair and unambiguous.
    • They are free to relocate their idea to a more suitable location without suffering any financial penalties.
    • They keep their right to hire an independent lawyer of their choice to handle the legal procedure and sign the SHIP certificate.
    • They are protected by the SHIP certificate, which assures that they are fully informed about the equity release plan’s terms and ramifications
    • They are protected by a guarantee against negative equity, which ensures they will never owe more than the home is worth.

    With SHIP, you feel safe and have peace of mind.

    FCA Details

    Regulators

    • Financial Conduct Authority (FAC) 2
    • Financial Services Authority Now the Prudential Regulation Authority (PRA) 3

    Companies House Link

    Ship Contact Number & Address

    • 0300 012 0239
    • info@equityreleasecouncil.com
    • Equity Release Council, The Old Rectory, Church Lane Thornby NN6 8SN

    Common Questions

    What Is the Process of Ship Equity Release?

    How Safe Is Ship Equity Release for Seniors?

    What Are the Benefits of Ship Equity Release?

    Are There Any Risks Involved with Ship Equity Release?

    How Much Money Can I Get from Ship Equity Release?

    In Conclusion

    In conclusion, Safe Home Income Plans (SHIP) provide a secure and regulated option for seniors considering equity release.

    The process ensures professional advice, property valuation, and necessary legal steps, all under the supervision of the Financial Conduct Authority.

    With benefits like accessing tax-free cash, no monthly repayments, and staying in your home, SHIP offers a compelling option.

    However, it's essential to consider the potential risks, such as a decrease in estate value and the impact on means-tested benefits.

    By weighing the pros and cons, seniors can make an informed decision about whether SHIP is the right choice for their financial needs.

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