 here
are a number of pitfalls awaiting the unsuspecting in the equity release
market.
For instance, whilst the worst offending schemes based on loans
and equity investment have been outlawed, some plans involving standard
variable interest rates are still being sold. Although they may
look attractive, these schemes can soon become a financial burden
in unfavourable market conditions.
No SHIP member will ever attempt to sell you such plans because
they do not meet the SHIP Code of Practice. So, if in doubt, there
is one sure-fire solution: look for the SHIP logo.
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