OneFamily Advice - what are the costs involved?
To make sure there are no surprises as you go through the process, we wanted to make you aware of the various fees involved with taking out a lifetime mortgage.
Fixed fee rather than a percentage
Many of our competitors use a percentage fee so that the amount you pay differs depending on the loan size.
We believe that it’s important to be transparent in our charging and to help you budget - so we have one simple fixed fee of £950, that’s it.
Advice, valuation and legal fees
Other fees may apply. These will depend on the product or provider selected. Your adviser will disclose these to you within your personalised illustration.
How our fees compare
Many of our competitors use a percentage fee to charge for their advice. This table helps you see how typical percentage fees compare to our fixed fee over a range of low, average and higher loans.
Our Fixed Fee | 1.95% Fee | 2% Fee | 2.25% Fee | |
---|---|---|---|---|
£100,000 | £950 | £1,950 | £2,000 | £2,250 |
£80,000 | £950 | £1,560 | £1,600 | £1,800 |
£60,000 | £950 | £1,170 | £1,200 | £1,350 |
£40,000 | £950 | £780 | £800 | £900 |
£20,000 | £950 | £390 | £400 | £450 |

Equity Release
Contact us for a chat about how lifetime mortgages work, and ask any questions.
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Try our equity release calculator
See how much equity you could release by entering your details below.
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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.
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