Ship Equity Release (Oct 2021)
Ship Lifetime Mortgage Review
Are You Considering Ship Equity Release? What are the Pros, Cons & Costs? Discover If Ship Lifetime Mortgage Schemes are for You.
Before You Start Reading...
Let's See How Much You Can Release 👇
Ship Equity Release Review
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?
Is Ship equity release the best?
As experts in the equity release field (we’ve reviewed over 250 schemes!), we’ve combed the market, researched all equity release service providers and narrowed it down to who’s on top.
What's Equity Release & How Does It Work?
We've summed up the most important information about the topic in this quick video.
An equity release mortgage is, in a nutshell, a loan plus interest that is paid back to the lender when the homeowner passes away or goes into permanent care. The homeowner’s family usually pays back the cash released, and the interest incurred, from the sale of the home in question.
Equity release is available for individuals or couples over 55, with the youngest homeowner’s age determining the amount of equity that can be released. It is important to note that some equity release schemes may require the homeowner to be 60 or older.
Learn More: What’s Equity Release & How Does It Work?
What About the Ship Equity Release Calculator?
Before you consider using the Ship equity release calculator, please take note.
Our providers can almost always match & BEAT any existing equity release quote that you find through Ship. So first use this calculator below & see how much you can release.
How Much Can You Release?
Use the FREE Calculator 👇
It's VERY FAST, takes just 8 seconds
Why get a free quote?
About the providers we compare
Most popular reasons for releasing equity
Ship's Equity Release & Lifetime Mortgage Schemes
Not what you're looking for?
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.
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.
Want to compare this company with another? Try saga equity release calculator.
- Financial Conduct Authority
- Financial Services Authority
Got Questions About Ship & Lifetime Mortgages? Check These First
Is Ship A Member of the Equity Release Council?
Ship is not a member of the Equity Release Council.
What Are Ship's Interest Rates on Equity Release?
Ship’s interest rate varies between 1.00% and 1.39%, depending on indexation and repayment term/scheme.
Who Owns Ship?
Ship is owned by the following banks and building societies: – Bank of Scotland (backed by Lloyds) – Barclays – Coventry Building Society – HSBC (backed by Santander) – Lloyds TSB/NatWest/Halifax LTSB (backed by Lloyds TSB).
Where is Ship Located?
Ship is located at Berkeley Square, London
PS – If you’re anything like us, you skipped to the end anyway.
So here’s the scoop – our intention is to help you by finding the best lifetime mortgage so that you can spend the money on something that you really want to, rather than on a high tax bill.
Most send us a personal thank you because we do such an incredible job.
Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.
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Most people are using equity release as a means of retaining the use of their house while also obtaining a lump sum or a steady stream of income. Get matched with an expert and check your eligibility for equity release options.
Use our free equity release calculator & see how much you can release today.