Stonehaven Equity Release has become the latest member of SHIP, Safe Home Income Plans, the industry body representing equity release providers.
Stonehaven launched into the market in August this year with flexible lifetime mortgage products targeting customers over 55 who may still be in employment. It is the third new member added to SHIP this year. The grouping claims to represent 90% of market providers. Jon King, chief executive, said: “We are delighted to welcome Stonehaven Equity Release to SHIP. As the third equity release provider to gain admittance to SHIP this year we have already surpassed the total number of new entrants in 2005.” Other current members are: Bradford and Bingley, Bridgewater Equity Release, Bristol and West Mortgages, Ecclesiastical Life, GE Life, Hodge Equity Release, Home & Capital Trust, In Retirement Services, Just Retirement, Key Retirement Solutions, National Counties Building Society, New Life Mortgages, Northern Rock, Norwich Union, Partnership Home Loans, Portman Building Society, Prudential, Retirement Plus, Standard Life, and the Stroud and Swindon Building Society.
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