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OneFamily announces intention to enter Lifetime Mortgage market

Posted in: Products Last updated: 06 Apr 2016

OneFamily has announced its intention to enter the lifetime mortgage market with a range of new products, launching in mid-April.  OneFamily Lifetime Mortgages will only be available through financial advisers.

More information about our lifetime mortgage products will be available soon, but in their very simple form, lifetime mortgages allow you to release some of the equity in your property, without the need to move.

Available to homeowners aged 55 or over, 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.

Because we do not provide advice on lifetime mortgages, you will need to discuss your situation with a suitably qualified financial 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 OneFamily lifetime mortgages isn’t right for you. Only your financial adviser will be able to tell you this.

If you do not have a financial adviser, then the following links will provide some options:

unbiased.co.uk thepfs.org