You’ll probably agree when I say… If you’re a homeowner, you’re a lucky retiree nowadays. Why? Well, because property prices have increased dramatically, and being a homeowner gives you excellent
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 Ship equity release quote.
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Most Popular Reasons for Releasing Cash
These are the top uses of releasing cash according to a recent survey of our customers.
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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 can live in their home for the rest of their lives as long as it is their principal abode.
- They are entitled to explain their lifelong mortgage or property reversion plan that is fair and unambiguous.
- They have the option of relocating their plan 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 of no negative equity, which means they will never owe more than the property’s worth.
With SHIP, you will feel safe and have the peace of mind you need.
Do you want to make a comparison between this firm and another? Try the saga equity release calculator.
Ship UK Equity Release FAQs
These are the most common questions we've got asked about Ship equity release.
How does Ship equity release work?
Homeowners over the age of 55 can take advantage of ship equity release. It entails releasing any funds that may be locked up in your property, less any outstanding mortgage.
Is Ship a member of the Equity Release Council?
The Equity Release Council does not include Ship as a member.
What's the catch with Ship equity release?
Ship equity release is a method of keeping a house or other capital-valued object while also receiving a lump sum or a steady stream of income from the house’s value.
The ‘catch’ is that the equity source must be paid back at some point in the future, generally when the homeowner passes away.
What People Say
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Top Equity Release Articles
If you’ve recently retired or are aiming to do so in the next few years, you may be short on the cash you need to make your dream retirement a reality.
The question you need to ask yourself is this: am I struggling to find the extra cash? Another good question is: how old am I? If you’re older than 55
Avoid becoming a fraud statistic by using a trusted equity release plan provider! Over 16,500 UK retirees released equity from their homes in 2021. If you’re looking to join them,
Let’s look at some alternatives to releasing equity: Have You Thought About Selling Your Assets? If you have other assets, you could always sell some of them or all of
Working Out The Exact Cost Of Equity Release Just as a regular mortgage has costs related to initiation and maintenance, so does equity release. If you’re considering all your available
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Save Money & Get the Best Equity Release Deal Now
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.