Antony Devine, BA ACA Dip PFS

  Bates Investment Services Ltd.

  Telephone: 08700 427 900

  Email: antony.devine@batesadvice.com

  Independent Financial Advisers

 

 

 

Mortgages

Pensions

Savings/Investments

Equity Release

Life Insurance
Health Insurance

Long Term Care

Taxation Services

Employee Benefits

Quotes & Illustrations

Safe Home Income Plans ("SHIP")

SHIP's background:

Safe Home Income Plans (SHIP) is a company supported by leading providers of home income and equity release plans. It was launched in 1991 and is dedicated entirely to the protection of plan-holders and promotion of safe home income and equity release plans.

All participating companies are pledged to observe the SHIP Code of Practice. Members display the SHIP logo in their brochures and other printed material as a guarantee to their customers.

The SHIP Code binds these companies to provide a fair easy-to-understand and full presentation of their plans. Any scheme endorsed with the SHIP logo will be properly explained and safe.

- courtesy Safe Home Income Plans, 2007

Members of SHIP:

Below are the logos of some of the main product providers in this market place, who are also members of SHIP:
 

The SHIP Code of Practice:

1) The members of SHIP agree to provide fair, simple and complete presentation of their plans. The benefits, obligations, variables and limitations must be clearly set out in their literature, including all costs which the applicant has to bear in setting up the scheme, the position on moving, the tax situation and the effect of changes in house values.

2) The client’s legal work will always be performed by the solicitor of his or her choice. In all cases, prior to the completion of the plan the solicitor will be provided with full details of the benefits the client will receive. The solicitor will be required to sign a certificate to the effect that the scheme has been explained to the client.

3) The SHIP certificate will clearly state the main cost to the householder's assets and estate e.g. how the loan amount will change or whether part or all of the property is being sold.

4) All SHIP plans carry a 'no negative equity' guarantee i.e. you will never owe more than the value of your home.

- courtesy Safe Home Income Plans, 2006

 For more information or advice, click here:  

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Bates Investment Services Limited is authorised and regulated by the Financial Services Authority, and is a wholly-owned subsidiary of The Money Portal plc. 

Bates Investment Services Limited is entered on the FSA register under reference 154229.

Registered Office: 1 Threadneedle Street, London, EC2R 8AY.

Registered in England and Wales Company no. 3434648.

  

The FSA do not regulate some forms of mortgages.

The material in this site is subject to the UK regulatory regime, and as such is primarily aimed at UK consumers. Neither Antony Devine, Bates Investment Services nor the site owner Financial Elite Limited is responsible for the accuracy or content of any information contained on websites linked from this site, nor for errors or omissions which may occur within this site. 

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