Equity Release Council ERC

Published / Last Updated on 13/03/2017

Equity Release Council ERCThe Equity Release Council.

Formerly known as Safe Home Income Plans (SHIP)

What is the Equity Release Council?


Started in May 2012 and replacing SHIP (Safe Home Income Plans set up 1991), the Equity Release Council, ERC for short, the council was set up to replace SHIP and represents the leading providers of Equity Release plans. 

ERC members have agreed to a code of practice and guarantees to protect clients.

  • Clear and transparent documents
  • Clear and transparent charges
  • A no negative equity guarantee
  • A permanent right of occupation whilst you are living there, in short you cannot be asked to leave your home.
  • Your solicitor will also sign an ERC certificate confirming that the equity release scheme, it advantages and disadvantages have been explained to you.

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