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Equity Release Industry Regulators

The equity release industry is now regulated which means all equity release lifetime mortgage solutions and home reversion plans recommended by us fall under the remit of the FSA. In addition, most of the plans we recommend abide by SHIP's Code of Practice. What this means for our clients is that their best interests are always at the core of our operations and we not only govern ourselves, but we are governed by other authorities too.

SHIP equity release regulations

The fact that the majority of equity release providers are members of SHIP guarantees no negative equity at any time during your equity release lifetime mortgage or home reversion plan meaning you'll never owe more than the value of your home.

In addition, we represent all available plans fairly and simply, outlining honestly the obligations, variables, limitations and costs on our brochures, website and in our discussions with clients. So whether you're considering an equity release lifetime mortgage or home reversion plan, we must, and we will, always keep you completely informed every step of the way.

All aspects of our clients' legal requirements will be completed by the solicitor of their choice from initiation to completion. The solicitor will provide a signed certificate to confirm that the ins and outs of their equity release lifetime mortgage or home reversion plan have been explained to the client in full and the costs are to be clearly stated on the certificate.

FSA equity release regulations

The FSA is an independent watchdog that regulates operations in the financial services industry to ensure consumers receive a fair deal. Their Money Made Clear arm focuses on explaining products to consumers so they get the facts without any jargon.

Equity release lifetime mortgages and home reversion plans should only be taken up after thorough consideration and the FSA and Age Partnership encourage consumers to research before making any big decisions. The FSA's Money Made Clear website allows you to download publications or order them to be sent to your home.

Age Partnership reassures its clients that they will get a fair deal and full, honest information from our consultants at all times. For more details please phone us on 08080 555 222.

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