You’ll be far safer in the future by putting forward
SHIP members’ equity release products, because
they promise:
- To provide fair, simple and complete presentation of their plans, together with the benefits, obligations, variables and limitations. This includes all costs which your client has to bear in setting up the scheme, plus the position on moving, the tax situation, and the effect of changes in house values
- To ensure the client's legal work is performed by the solicitor of their choice. In all cases, prior to the completion of the plan the solicitor will be provided with full details of the benefits the client will receive. The solicitor will be required to sign a certificate to the effect that the scheme has been explained to the client
- To clearly state the main cost to the householder's assets and estate e.g. whether part or all of the property is being sold or how any loan amount will change
- To carry a "no negative equity" guarantee
So, give your clients the comfort of knowing that equity release is a fully regulated market and, with the added security of SHIP membership, the products are safe.