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Safe Home Income Plans (SHIP)
SHIP was setup in 1991, and is a trade association with a voluntary code designed to set standards for consumer protection for the Equity Release industry. All SHIP members are pledged to observe the SHIP code of practice. The SHIP code of practice: commits to fair, simple and complete presentation of the plan, including costs. requires the planholder's legal work to be carried out by a solicitor of their choice. requires that every plan carries a 'no negative equity' guarantee. The 'SHIP safety check' also guarantees that the plan member has the right to live in their home for life and to move to a suitable alternative property without financial penalty. The plan member's own independent solicitor must sign the Solicitor's Certificate which verifies that he has fully explained the implications of the plan to the member.

Sheltered Housing
Some providers will accept properties that are part of sheltered housing complexes.

Solicitor's Certificate
All SHIP providers insist that your own, independent solicitor signs this certificate to acknowledge that the key features and implications of the selected plan have been brought to your attention. No SHIP-protected plan can proceed without this signed certificate.

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