OneFamily Press Releases

The inheritance divide: 3.5 million over 65s feel guilty about spending money

Three in 10 (29%) over 65s worry about spending money on themselves because they have their family’s inheritance on their mind – the equivalent of 3.5 million[i] people across the UK.[i] According to the latest ONS population data (November 2018), 18.2% of the population were recorded as being 65 years or older, which is 12,012,000 people. 29 per cent of over 65s worry about spending money on themselves’ as they have their family’s inheritance on their mind – the equivalent of 3,483,479.

One in four downsizers get less than they bargained for

One in four (24%) downsizers ended up with less money than they expected when selling their property, with legal fees, stamp duty, moving and renovation costs eating into their profit.

Millions of pounds sitting in untouched government allocated child trust funds

Millions of pounds are sitting in untouched child trust funds that were set up by the government on behalf of parents for children born as long as 17 years ago.

OneFamily urges the government to remove the transfer limit for Help to Buy ISA customers who want to move their savings into the Lifetime ISA

OneFamily is urging the government to remove the £4,000 transfer limit for customers who want to replace their Help to Buy ISA with a Lifetime ISA.

£34.1 million Help to Buy ISA bailout

Glasgow number one city for first-time buyer affordability

Research has revealed Glasgow tops the list as the best city for first-time buyer affordability, with the highest average salary when compared to the average property price.

A third of OneFamily lifetime mortgage customers now choosing to protect the capital in their home

Data shows that increasingly large numbers of homeowners with a lifetime mortgage are making monthly payments on their loan. This means that the interest doesn’t roll up, as with traditional equity release plans, and the remaining capital in the property is protected.

Internet, mobiles and money top parental worries

There are many important rites of passage for children, from getting their first set of house keys, to being trusted with money independently but new research reveals that the majority of parents (76%) fret about the ‘right’ ages for these milestones, as modern life opens up uncharted waters.

OneFamily launches lifetime mortgage with market-leading LTV

The new lifetime mortgage will enable homeowners in England and Wales, over the age of 65, to release up to 58% of the value of their property.

Over 55s poorly informed about retirement options

Research has revealed that the majority of workers over 55 aren’t aware of the different options for funding retirement. While pensions awareness is high (92%), other options, which may be more suitable for their personal needs, aren’t even on their radar.