What are SHIP equity release plans?

Bower Retirement Services recommends Safe Home Income Plans (SHIP) equity release plans and those with the same guarantees. These guarantees are in your best interests and are as follows:

  • No Negative Equity Guarantee — you or your family will never owe more than the value of your home
  • You will not lose your home and can remain there for as long as you wish providing it remains your main residence
  • No debt left to your loved ones
  • You can move to another suitable property
  • You retain the right to seek independent legal advice from an equity release solicitor of your choice