For Your Protection:
Your Golden Age Retirement Planning adviser will only recommend products from providers who are members of Safe Home Income Plans - SHIP.
SHIP is a company, supported by the leading providers of home income and equity release plans. It was launched in 1991 and is dedicated to the protection of plan holders and the promotion of safe home income and equity release plans. SHIP members are bound by a code of practice, the main features of which are:
- You will receive a fair, simple and complete presentation of any plan you are offered, clearly setting out the benefits, obligations, variables and limitations of such schemes
- Your legal work will always be performed by an independent solicitor, who will be provided with details of the benefits you will receive, and who will sign a certificate to confirm that the scheme has been explained to you. This ensures that clients receive independent legal advice about the scheme.
- The SHIP certificate will state the main cost to your assets and estate, for example it will show how the loan amount will change or whether all or part of the property is being sold.
- A SHIP plan carries a "no negative equity" guarantee that means you will never owe more than the value of your home.
In addition to this, both lifetime mortgages and home reversion plans are fully regulated by the F.S.A. (Financial Services Authority)