Archive for the ‘Safe Home Income Plans News From Age Partnership’ Category
The same recent survey by Safe Home Income Plans (SHIP) that identified a need for more clarity between equity release and state benefits has also identified as much as 50% of customers aren’t getting the state benefits they are entitled to.
A new survey produced by Safe Home Income Plans (SHIP) has identified a continuing demand for greater information from the Government about the relationship betweenand state benefits.
Themarket has grown in value by 4% in the third quarter of 2010. This is according to statistics released by SHIP (Safe Home Income Plans), who credit “increased customer demand” for the growth.
The relationship betweenand the UK benefits system is one that continues to leave both intermediaries and consumers confused. Therefore, it was with open arms that SHIP (Safe Home Income Plans) received the news of the Government’s decision to review benefits and how they affect equity release.
Following the release of a research paper by Age UK, looking into, Safe Home Income Plans (SHIP) – the trade body for the equity release market – have responded in a positive manner to the findings.
There are manybrokers out there, offering a whole array of different plans between them. Most equity release brokers deal in lifetime mortgages or home reversion plans, and a few equity release brokers can offer both types of plan. Whether you’re searching for a or a home reversion plan, it’s important to pick the right broker as this is a lifelong commitment and you want to get it right.
A recent poll found that 81% ofstakeholders believe the UK government should offer more support to the industry in future.
During the equity release debate held by Eversheds and SHIP on 28th April 2008 service providers, intermediaries, consumer groups and charities were asked about the future direction of the industry. Results show that the industry feels the government has a greater role to play in raising awareness of equity release as a means of financing retirement and 87% believed advisers have an increased role to play in highlighting customer benefits.
SHIP (Safe Home Income Plans) and Eversheds international law firm are holding a debate on the 28th April 2009 in central London to discuss the future of themarket.