Press releases and research from OneFamily. The information on these pages is intended for journalists. If you’re not a journalist, visit the Hub for the latest articles on family, finance and wellbeing.
OneFamily is launching an innovative advice service for over 55s. OneFamily Advice will offer financial advice for homeowners wishing to release equity from their home with a lifetime mortgage, a market that is rapidly growing in popularity.
Nearly 70% of OneFamily Lifetime ISA customers are saving for the long-term and planning on using it to fund their retirement. Over half (53%) of the Lifetime ISAs opened are specifically being used towards retirement and an additional one in seven (14%) are opened for both retirement and to save for a first home.
OneFamily has identified a growing group of over 55s that are using lifetime mortgages to fund property moves to more expensive homes. Buying a new property is now the fourth most popular reason for using a lifetime mortgage as homeowners who are retired, or approaching retirement, move to be closer to family and friends, or better amenities.
As a result of its unique underwriting approach, OneFamily now approves nine out of ten applications for lifetime mortgages, meaning advisers can be confident that the majority of their clients, even in different properties or unusual circumstances, will have a positive outcome.
OneFamily is urging savers to maximise the opportunity offered by a Lifetime ISA and gain access to the Government 25% bonus. The Lifetime ISA is the only savings account that benefits from this generous monthly bonus and is available to savers from 18 – 39 years old saving for a first home or retirement.
OneFamily has launched its first-ever Lifetime Mortgage Market Monitor, revealing the trends in how over 55-year olds are using the equity in their homes across the UK. The regular review will be published every six months giving homeowners more insight into lifetime mortgages and what they are being used for across the UK.
OneFamily, the Brighton-based financial services company, is delighted to announce it will be an official partner of the Brighton & Hove Pride 2018 festival.
More than half of OneFamily Lifetime Mortgage customers now opt for flexible interest payment loans
New research from OneFamily has found that the number of ‘Parent-sioners’ is set to increase significantly over the next decade. The findings indicate that more over 60s than ever before will have children under 18 and in the next ten years it will rise from circa 400,000 to over 900,000.
OneFamily is launching a simple, customer-friendly, stocks and shares Lifetime ISA.
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