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

26 Mar 2019

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.

OneFamily launches lifetime mortgage with market-leading LTV

18 Mar 2019

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.

OneFamily extends its two-year fixed lifetime mortgage

19 Dec 2018

OneFamily is extending its two-year fixed lifetime mortgage rate for an additional year.

OneFamily enhances variable rate lifetime mortgages

08 Oct 2018

OneFamily has made several enhancements its two-year fixed and variable rate lifetime mortgages. The changes include lower early redemption charges, an increased maximum loan amount and a reduction in interest rates.

Customers will now pay no early redemption charges after eight years, reflecting the increased flexibility that homeowners using equity release are seeking. If customers choose to pay the mortgage back prior to this, they will pay a small percentage of the outstanding loan on a sliding scale from 6% in year one to just 1% in year eight.

OneFamily enhances fixed rate lifetime mortgages

06 Sep 2018

OneFamily has enhanced its fixed rate lifetime mortgages by increasing the maximum loan amount from £750,000 to £1 million and reducing interest rates.

The increased loan amount will allow advisers to offer even more customers the opportunity to release equity from their property.

The 16th birthday of the child trust fund: £10 billion held in child savings accounts

28 Aug 2018

This coming weekend marks the 16th birthday of the child trust fund, meaning that the children can start managing their accounts, and in two years’ time be able to access the savings. The average OneFamily account of children turning 16 this month holds a substantial £2,175.

Helping to buy? Lifetime ISA pays out as much as rival product in bonuses in less than half the time on the market

21 Aug 2018

For those saving for a first home or retirement, the Lifetime ISA is already delivering results. According to the latest published statistics from the Government, bonus payments on the Lifetime ISA have already matched the total paid out in bonuses by the Help to Buy ISA, despite it being launched nearly a year and a half later.

Interest payment lifetime mortgage added to OneFamily’s two-year fixed offer

11 Jun 2018

OneFamily is launching a two-year fixed offer on its Interest Payment Lifetime Mortgage.

OneFamily to offer new flexible approach on lifetime mortgage range

04 Jun 2018

OneFamily has enhanced its Interest Roll Up Lifetime Mortgage meaning customers can roll the interest up and pay nothing, or they can now pay it off as and when they want.

Upsizing over 55s driving new trend in lifetime mortgage market

26 Apr 2018

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.

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