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Lifetime Mortgage Advice for Eligible OneFamily Members

OneFamily Advice offer impartial whole-of-market Lifetime Mortgage advice to over 55s. There is a charge of £950 for this advice, but OneFamily will pay this fee on behalf of our eligible members.

You can also pass this benefit to friends and family and can refer up to two people each calendar year. To check eligibility, please see our terms and conditions.

What is a Lifetime Mortgage?

A Lifetime Mortgage allows homeowners over the age of 55 to access the wealth tied up in their property to fund ambitions, such as:

Making home improvements
Paying off an existing mortgage
Supporting loved ones
Taking a trip of a lifetime

With a Lifetime Mortgage you’ll always retain ownership of your home. How much you can borrow depends primarily on your age and the value of your property, although you need to take into account any existing borrowing secured on your home.

All the products we recommend have a no-negative equity guarantee - which means you’ll never have to pay back more than the amount received from the sale of your home.

It’s worth bearing in mind that a Lifetime Mortgage will reduce the value of the estate and may affect individual entitlement to means tested state benefits.

Find out more about Lifetime Mortgages.

How to pass the benefit on to a friend or relative

Pass the OneFamily Advice number, below, onto your friend or relative.
In order for us to confirm eligibility for OneFamily to pay the £950 fee, the caller will need to have the OneFamily account holder's name, address and date of birth at hand during the initial consultation.

Find out more

Get in touch with one of our qualified advisers who can help you understand if a Lifetime Mortgage is right for you and how much you may be able to borrow.

Terms and Conditions for Lifetime Mortgage Advice member benefit

1. The benefit is open to OneFamily members who hold one of the following products listed in the table below. The table outlines which party is the member who can use the benefit and/or refer it to another party.

Product type	Member
Child Trust Fund (Except former Legal & General Child Trust Fund customers)	The child*
Junior ISA	The child*
Lifetime ISA	The account holder
OneFamily ISA (formerly PEP) and OneFamily ISA	The account holder
Post Office Money® ISA (accounts opened prior to 06/04/2018)	The account holder
Child Savings Plans	The Child*
Junior Bond	The Child*
Unit Trust (on behalf of a Child)	The first named plan holder until the child reaches 18
Family Bond	The policy holder
Adult Savings Plans	The account holder
Life Insurance Plans	The policy holder
Over 50s Life Cover	The policy holder
Lifetime Mortgage	The account holder

* Where the child is under the age of 18 and a registered contact or representative exists on the account, the registered contact or representative will be eligible to use the benefit themselves on behalf of the child and refer it to friends and relatives on the child’s behalf.

2. We regret that OneFamily members holding pension products are not eligible for this this member benefit as it is expected to have adverse tax consequences for both the member and the product. Members holding a pension product may still be eligible for the member benefit if they also hold other OneFamily products, as listed in point 1 above.

3. The member must have a current product as outlined above at the time the member benefit is applied for.

4. OneFamily Advice will check eligibility for the offer and may decline to provide the benefit where these terms are not met.

5. The benefit is that the £950 OneFamily Advice fee for lifetime mortgage advice will be paid on behalf of the applicant by the OneFamily Foundation.

6. The benefit can be withdrawn by OneFamily at any time. Applications that have been accepted will be honored and we will try to advertise the end of the offer at least one month in advance of it closing, unless the volume of applications received means we need to close the offer immediately or within a shorter period of time.

7. This benefit is non-exchangeable and has a zero-cash value.

8. Eligible members may also refer this benefit to a friend or relative. OneFamily Advice will check the member’s eligibility for the offer.

9. Eligible members can use this member benefit themselves once in each calendar year. Additionally, eligible members may refer the benefit to a maximum of two friends or relatives during the same period.

10. OneFamily members who are non-UK resident are unable to utilise this benefit themselves. However, they can still refer the benefit to a maximum of two friends or family who are UK residents during each calendar year.

Releasing equity from your property is a big decision for you and your family and so you should consider carefully what’s right for you. We want to ensure you do the right thing and are protected, that’s why you can only get a Lifetime Mortgage through a specialist regulated Lifetime Mortgage adviser like OneFamily Advice, who will check your eligibility and suitability and help you to consider all your options.

Find out more about Lifetime Mortgage Advice.

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*Lines are open Monday to Thursday 8am to 6:30pm, Friday 8am to 5:30pm and Saturday 10am to 2pm. 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.