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?
- Understand the services that Ship offers.
- Determine if Ship might be able to assist you and your family on your equity release journey.
- Learn how to get in touch with the Ship team.
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
Now, compare and save: Search over 200 equity release council approved plans and find the best deal for the amount of money that you need.
Why get a free quote?
Multiple quotes
Get quotes from our providers & choose the best one
Speak to an expert
We’ll get an expert to contact you to answer any questions
About the providers we compare
Helped more than 1 million people with equity release.
Organised over 1 in 3 plans approved by the Equity Release Council1.
Most popular reasons for releasing equity
- Add to your retirement income.
- Pay off your credit debts or loans.
- Gifting money to family. (E.g. helping children pay a deposit on their first house)
- Paying off an existing debt.
- Going on that dream holiday.
- Replacing your car with the one you've always wanted.
- Making home & garden improvements.
Learn More: 12 MOST COMMON Uses of Home Equity Release
Ship's Equity Release & Lifetime Mortgage Schemes
- No Schemes Listed Yet
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.
Regulators
- Financial Conduct Authority
- Financial Services Authority
“
Ship Info
- Address: Equity Release Council, The Old Rectory, Church Lane Thornby NN6 8SN
- Phone: 0300 012 0239
- Email: info@equityreleasecouncil.com
Got Questions About Ship & Lifetime Mortgages? Check These First
Is Ship A Member of the Equity Release Council?
What Are Ship's Interest Rates on Equity Release?
Who Owns Ship?
Where is Ship Located?
Conclusion
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.
Contributors: Nicola Date, Katherine Read
Reviewed by Francis Hui
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.
You may also like
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.
