Guidelines for Application of Code

Each Member of SEQUAL agrees it's equity release product(s) will adhere to, and be measured against the Sequal Code of Conduct to this end all Sequal Members as a minimum adhere to the following guidelines:

The SEQUAL Code of Conduct requires all SEQUAL Members to offer a No Negative Equity Guarantee (NNEG)

NNEG and Default Conditions August 2007

The provision of mandatory legal advice is seen as a crucial part of the SEQUAL Code of Conduct.

Legal Advice Guideline August 2007

The SEQUAL Code of Conduct requires all Members to make available to all borrowers and their advisers a calculation tool illustrating the potential effects of future house values, interest rates and the capitalization of interest on the loan.

Calculator Parameters Guideline August 2007