The Equity Release Council is a not-for-profit organisation and is the recognised industry body for the equity release sector.
It’s own website states that it “aims to fully represent and facilitate the safe growth of the equity release market by helping to create the conditions which enable the market to develop effectively”.
The Equity Release Council is largely built on the legacy of a predecessor called SHIP (Safe Home Income Plans) and was launched in 2012. The Council represents over 180 member firms and over 500 individuals; including lenders, qualified financial advisers, solicitors, conveyancers, surveyors, and other industry professionals. The Council’s aims and objectives are to ensure good outcomes for the consumer where protections and safeguards are a continuing feature.
The Council’s primary objective is developing, maintaining and enforcing the integrity of an appropriate set of rules and principles to ensure consumers can access the highest standards of advice and secure solutions to release equity from their homes remains a high priority. Put simply, they aim to protect and educate the consumer in the valid use of equity release by guiding and supporting the profession when proffering advice on the subject.
As independent mortgage advisers and members of the Equity Release Council, Mortgage Required are able to offer fully regulated, up-to-the-minute advice on which type of equity release product will best serve your specific needs.
To discuss equity release in more detail or free appointment just click here or give our team a call 01628 507477.
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