for giving you choices

What is Equity Release?

Your home is your sanctuary, your security and where you enjoy spending time with your family and friends. It’s also what you’ll have spent most of your working life paying for, which means it’s probably your biggest financial asset.

...so, why not make your home work for you?

Are you considering freeing up some cash from your home, but you don’t feel ready to part with your family home? Depending on your circumstances, a Lifetime Mortgage could be an option to consider.

An elderly couple dancing in their kitchen

How much money could I release?

Our free calculator will give you an idea of how much you could release. The maximum amount primarily depends on your age, the value of your home and the equity available to release.

You might be surprised
at how much has been borrowed...

This map shows the average amount homeowners had available to release by region.

*Key customer data Jan - Dec 2018, taking into account average property value

A map of the United Kingdom showing the average amount borrowed equity release across many regions

Equity release calculator

Use the calculator to check out how much you'd be able to release with a lifetime mortgage... and start thinking about what you could do with the cash!

£

Maximum loan amount:

By providing your details you are giving us consent to contact you with Equity Release information. Read the OneFamily Privacy Notice.

Important: The loan amounts above are an illustration of the amount you could borrow. The actual amount may vary depending on your individual circumstances. The figures are not guaranteed and do not constitute an offer to lend. The loan amount will need to pay off any existing mortgage secured against the same property.

Did you know?

750 fixed fee image

We charge a simple fixed fee of £750 for our advice, no matter the size of the loan.

Other providers often charge a percentage of the loan, meaning it's not always obvious how much you'll end up paying.

For example, for a loan of £75,000 with another provider, and an advice fee of 2%, you'd end up paying £1,500. With OneFamily Advice, you only pay £750 - simple, straightforward and easy to budget for.

Spend the money however you'd like...

Whether you're planning a far off voyage, paying off debts, or simply to enjoy a better quality of life during retirement, and experience life’s little luxuries without having to worry about the cost, how you choose to spend the cash you release from your home is entirely up to you.

Here are some of the ways people spend the cash they release from their homes.

Pie chart depicting that 64% of equity release borrowing was for home &/or garden improvements
Pie chart depicting that 32% of equity release borrowing was for holidays
Pie chart depicting that 30% of equity release borrowing was for paying off debts or outstanding mortgages
Pie chart depicting that 28% of equity release borrowing was for gifting to family or friends

*Key Retirement - Market Monitor Half Year (July 2019)

How does a Lifetime Mortgage work?

One of the most popular methods of releasing equity from your property, a Lifetime Mortgage is a loan secured against your property and is available to UK homeowners aged 55 and older. You can continue to own and live in your home, release some of its value as cash, and repay it by the sale of your home when you go into long-term care or die. The loan is usually repaid from the proceeds of the sale of your property.

The no negative equity guarantee will also give you peace of mind. It ensures that your estate will never have to pay back more than the amount that is received from the sale of your home, as long as the terms and conditions of the mortgage are being met.

A Lifetime Mortgage will, however, reduce the value of your estate and it may affect your entitlement to means tested state benefits.

Am I eligible for a Lifetime Mortgage?

These are some of the things you may consider when looking into taking out a lifetime mortgage:

  • I am aged over 55 or over
  • I live in my own home with small or no mortgage
  • I want to borrow a minimum of £10,000
  • I live in England, Wales or mainland Scotland
  • My house is worth a minimum of £70,000

Find out more by viewing our Frequently Asked Questions.

About OneFamily Advice

Releasing money from your home is a big decision. Because of this, Lifetime Mortgages can only be taken out through a specialist regulated adviser, who can make sure you clearly understand every stage of the process, how each product works, and how they could impact the financial future of you and your family.

OneFamily Advice is our Lifetime Mortgage advice service. We offer whole-of-market advice, get to know you and your personal circumstances, help you to make an informed decision and guide you through all your options. If a Lifetime Mortgage is right for you, we then support you and your family throughout the process of releasing money from your home.

Free e-guide

Want to learn more about OneFamily Advice and lifetime mortgages? Download our free e-guide by entering your name and email address below, then we'll send it directly to you. If you have any questions, please contact the OneFamily Advice Service on 0800 144 8244* - the initial consultation is free.

By submitting your details you are giving us your consent to contact you with equity release information. You may wish to read the OneFamily Privacy Notice. You have the right to withdraw your consent at any stage.

Why choose OneFamily Advice?

Here are some of the benefits you’d get from choosing OneFamily Advice…

Impartial, expert advice

Our OneFamily advisers are qualified, experienced, and salaried - not working on commission.

Simple advice fee

We charge a simple fixed fee of £750 for our advice, no matter the size of the loan. Other providers often charge a percentage of the loan, meaning it's not always obvious how much you'll end up paying. And as the loan increases - so does their fee - even though the advice process remains the same

Whole-of-market options

We offer impartial, whole-of-market advice service to find the best plan for you, including from those listed below.

Legal & General logo
Liverpool Victoria logo
Canada Life logo
Aviva logo
OneFamily logo
Hodge Lifetime logo
more2life logo
Just. logo
Pure Retirment logo
Gif compilation of equity release providers: Legal & General, Liverpool Victoria, Canada Life, Aviva, OneFamily, Hodge Lifetime, More2Life, Just and Pure Retirement


Speak to an adviser

Our friendly team of advisers are ready to help you, so why not spare a few minutes for a free initial consultation? You can ask any questions and we’ll be able to let you know how much you could borrow.

0800 144 8244*

Alternatively, book a time that works for you.

Book initial consultation

*Open Monday to Friday 9am to 5pm. Calls may be recorded and monitored for training purposes. Calls to freephone numbers are free from UK landlines and personal mobile phones. With business mobiles the cost will depend on your phone provider. If you'd like to know more, please ask your provider.

OneFamily Advice is the trading name of OneFamily Advice Limited. OneFamily Advice Limited is registered in England and Wales at 16-17 West Street, Brighton, BN1 2RL registered number 09188369 and is authorised and regulated by the Financial Conduct Authority.