Lifetime Mortgages

Lifetime mortgages allow you to release the equity in your home in the form of a loan that is repaid through the sale of your home when you die or enter long term care.

  • Allows you to release a one-off cash lump sum

  • You will always retain ownership of your home

  • You will never owe more than the value of your property

  • Your home will never be repossessed

What is a lifetime mortgage?

In its very simple form, a lifetime mortgage allows you to release some of the equity in your property, without the need to move. They work slightly differently to traditional mortgages; how much you can borrow depends on how old you are and the value of your property, rather than the amount you can afford to pay each month.

OneFamily Lifetime Mortgages

Available to homeowners aged 55 or over, our OneFamily Lifetime Mortgages enable you to borrow a one-off lump sum, and then choose whether you want to make monthly interest payments, a more flexible arrangement of one-off voluntary payments, or no payments. You can even choose for your family to make the monthly interest payments.

Either way, the mortgage and any accumulated interest along with any charges, will be repaid when you die, or move into long-term care - using the cash generated from the sale of your home.

Finally, with a lifetime mortgage you will always retain ownership of your home, and your home will never be repossessed (as long as you abide by the terms and conditions of the loan).

How do I get a lifetime mortgage?

A lifetime Mortgage can only be taken out through a specialist regulated adviser. They will be able to listen to your needs and research your options amongst a wide range of mortgage providers - it may be that a Lifetime Mortgage isn't right for you.

If you do not have a financial adviser, then you can contact organisations such as VouchedFor, The Personal Finance Society or OneFamily Advice - independent and impartial advisers who offer whole-of-market lifetime mortgage advice.

Important information

More and more people are considering a lifetime mortgage as part of their financial planning for retirement. However, it is important to state that there are some risks:

  • A lifetime mortgage will impact any inheritance that you leave to your beneficiaries and may impact your rights to state benefits
  • Your estate will be reduced due to the lifetime mortgage, plus there could be risks associated with an increase in interest rates

Please read our Guide to Lifetime Mortgages for more information or speak to your financial adviser.

Frequently asked questions

Member of the Equity Release Council

OneFamily is a member of the Equity Release Council, which means that we adhere to a strict code of conduct.

To find out more, please visit their website at

This is a lifetime mortgage

To understand the features and risks, ask for a personalised illustration.