OneFamily Press Releases

Press releases and research from OneFamily. The information on these pages is intended for journalists. If you’re not a journalist, visit our Savings Hub for the latest articles.

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As Saturday jobs become a thing of the past teens embrace the gig economy

11 Oct 2018

A Saturday job was once a rite of passage for most teenagers, but today’s generation are opting for informal, short-term ‘gigs’ as they face a decline in opportunities for traditional teenage work.

According to financial services provider OneFamily, the number of teenagers able to secure a part-time job has halved since their parents’ generation. Just one in five (23%) now have an ‘official’ job compared to 43% of their parents. Out of the teenagers that are earning money, the majority (66%) are earning money from doing odd jobs or work with no set hours.

A first-time buyer deposit in half the time, OneFamily reveals a quicker route on to the housing ladder

01 Aug 2018

The number of young people (aged 20-34) living with their parents has increased significantly over the last 20 years as the cost of renting continues to rise . However, research from OneFamily has found that keen savers could use their parents’ generosity and the lower living costs to become homeowners in just four years using a Lifetime ISA.

It’s a family affair: Junior ISA benefitting from multiple investments as friends and family come together to save for children’s futures

09 Jul 2018

OneFamily data has revealed that one in five (18%) Junior ISAs now have more than one person investing in them, as families and friends save together for children’s future.

Nearly £7 billion a year in free Government funding left untouched by first-time buyers

26 Jun 2018

OneFamily research has revealed of the 7.4 million first-time buyers in the UK eligible for a Lifetime ISA , only one in twenty (6%) are taking advantage of the additional £1,000 savings top-up a year being offered by the Government.

The rise of job juggling: OneFamily reveals the 2.8 million millennials managing multiple jobs

24 Jun 2018

In an effort to get ahead of their finances, one in five millennials (19%) has turned to working in two or more jobs, research from financial services provider OneFamily has revealed.

An Englishman’s home is his pension: 3.9 million over 50s plan to use their property wealth to fund retirement

17 Jun 2018

One in five (19%) over 50s are relying on income from property to fund their retirement, according to new research from OneFamily.

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.

All the single ladies: More women than ever using equity release to boost their retirement income

29 May 2018

OneFamily data shows that the number of single women taking a lifetime mortgage has increased to one in every three customers (35%) from one in four (23%) just two years ago.

Nearly 70% of Lifetime ISA savers using the product for retirement

03 May 2018

Nearly 70% of OneFamily Lifetime ISA customers are saving for the long-term and planning on using it to fund their retirement.

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.