How Safe is Equity Release?
Many people ask if equity release is safe and are worried that they will lose their home as a result of taking out an equity release plan.
You WILL NOT lose your home as long as you take out an equity release plan endrosed by SHIP, or one that offers the same guarantee, as this guarantee means you will retain the right to remain in your property for life providing it remains your main residence.
Bower Retirement Services is regulated by the Financial Services Authority (FSA), and only recommends equity release products endorsed by Safe Home Income Plans (SHIP) or those with the same set of guarantees.
