Safe Home Income Plans
Hodge Equity Release is a member of SHIP (Safe Home Income Plans), the UK's leading professional body for equity release product providers set up in 1991 to protect equity release plan holders. As a result all our products are covered by the SHIP code of practice.
SHIP Code of Practice
All SHIP members must adhere to the following:
- To provide a fair, simple and complete presentation of their plans.
- To ensure that a client's legal work is performed by the solicitor of his or her choice.
- To clearly state the main cost to the householder's assets and estate.
- To provide a “No Negative Equity” guarantee, ensuring that you will never owe more than the value of your home.
Members also guarantee that you will:
- Have the right to live in your property for life.
- Have the freedom to move to a suitable alternative property without financial penalties.
- Receive either a cash sum or regular income payments.
