How Does Equity Release Work in the UK? Learn About The Critieria Here. We’ll Take You Through the Process Step-by-Step & Answer All Your Questions.
Ship Equity Release
Ship Equity Release Scheme Review
Are You Considering Ship Equity Release? What are the Pros, Cons & Costs? Discover If Ship Equity Release Plans are for You.
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?
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Our providers can almost always match & BEAT any existing equity release quote that you find through Ship.
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What You MUST Know About Releasing Equity
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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.
Got Questions About Ship Equity Release? 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 equity release provider so that you can spend the money on something that you really want to, rather than on a high tax bill.⚠️(Spoiler**) Most send us a personal thank you because we do such an incredible job – you’ve been warned. ⚠️
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