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SEQUAL Member Guidelines:
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
Consumer Guideline:
SEQUAL Key Facts Guideline
This SEQUAL Key Facts Guide explains key features of Reverse Mortgages and
provides a checklist of issues you will need to carefully consider.
The guide contains only general information and does not
state the Terms & Conditions of the your contract or the particular fees and
charges that apply.
You should read this guide together with your contract in
order to make a fully informed decision about Equity Release.
SEQUAL RMC Guidelines:
These Guidelines are provided by SEQUAL to assist RMC's to maintain high standards of practice in their dealings with their clients.
Equity Release Proper Process
This Guideline describes the important steps that should be followed to
ensure that you have had proper regard for your client's needs and
preferences in order that you can be confident that your client will
make a fully informed decision.
The Equity Release Proper Process is illustrated, as follows:
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