Stonehaven has been approved as the 21st member of equity release trade body Safe Home Income Plans.
This follows Stonehaven’s pilot of its equity release range through six specialist broker firms and means Stonehaven’s deals, which are aimed at home owners aged over 55, meet SHIP’s code of ethics.
The firm’s products also carry a no negative equity guarantee.
Stonehaven’s founding director and chief executive Jayne Almond says: “The SHIP quality mark provides peace of mind to our policy holders and shows our commitment to working to the highest standards.”
Jon King, chairman of SHIP, says: “Stonehaven is opening the market to borrowers who previously could not gain access. Our 21st member shows SHIP is coming of age, with innovative products taking the market forward.”