What is Equity Release?

Equity Release Schemes allow you to release tax-free cash from your home to boost your finances in retirement. The two main types of Equity Release schemes are Lifetime Mortgages and Home Reversion Plans, with Drawdown Plans and Home Income Plans also available. All types of SHIP approved Equity Release Schemes allow you to:

  • safely release equity from your home
  • spend the cash as you wish
  • make no monthly repayments
  • stay in your home for life

As a  leading firm of Independent Financial Advisers specialising in Equity Release schemes, we've helped thousands of homeowners in London, Middlesex and Hertfordshire to make the most of their finances in retirement by safely releasing Equity  from their homes.

How to find the right Equity Release Scheme

There are currently over 40 SHIP approved Equity Release Schemes to choose from, and you can save your estate thousands of pounds if you choose the right one.

That's where we can help. We search the whole Equity Release market on your behalf and offer independent Equity Release advice about Equity Release that's tailor made to your individual circumstances. We can guide you through the different types of Equity Release Schemes available to find the best possible plan for your needs.

If you are thinking about taking out an equity release plan, there are points to consider  which you should read through carefully.

To understand the features and risks of an Equity Release Plan ask for a personalised illustration.

Safety with SHIP

SHIP is a self regulatory trade body dedicated entirely to the protection of Equity Relase planholders and the promotion of safe Equity Release plans. They ensure that Equity Release products are safe and their code of practice applies to both Lifetime Mortgages and Reversion Plans.  Most leading Equity Release providers are members of SHIP, however there are Equity Release schemes available that have not been approved. Those that are will be completely safe, so you should only ever choose an Equity Release plan endorsed with the SHIP logo.

All SHIP approved Equity Release plans come with a standard set of safety guarantees which include:

  • The right to remain in your home for as long as you choose
  • The freedom to move to another property without financial penalty (subject to lenders' criteria)
  • That you will receive a cash lump sum or a regular income
  • That you will never fall into Negative Equity no matter what happens to house prices in the future

Visit the SHIP website to find out more about the SHIP code of practice www.ship-ltd.org

Financial safety

We believe that our customers' financial safety and security is paramount. For added peace of mind Chaseside Financial Services are authorised and regulated by the Financial Services Authority and only ever recommend SHIP approved  Equity Release Plans

Financial Services Authority

The Financial Services Authority (FSA) was set up by the Government and is responsible for regulation of a range of financial services and products, including Equity Release Schemes. They aim to:

  • promote efficient, orderly and fair markets to help consumers achieve a fair deal
  • maintain confidence in the financial system
  • secure the appropriate degree of protection for consumers

Chaseside Financial Services is authorised and regulated by the Financial Services Authority.

As a leading firm of Independent Financial Advisers specialising in Equity Release schemes, we've helped thousands of homeowners in Stanmore, Mill Hill, London, Middlesex and Hertfordshire to make the most of their finances in retirement by safely releasing Equity  from their homes.

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