High house prices and instability shift saving goals for parents
Almost a quarter (23%) of parents of teenagers are putting money aside for their child’s mortgage fund – as average UK house prices remain high and turbulence persists in mortgage markets due to the recent rise in the base interest rate.
OneFamily to acquire Beagle Street
OneFamily has announced that it will be acquiring Beagle Street by the end of the year, in a deal that will see the mutual expanding its product range and the support it can give to its members.
OneFamily Lifetime Mortgages temporarily withdraws products
OneFamily Lifetime Mortgages is temporarily withdrawing its products from new business, due to the recent instability in the mortgage markets.
Equity release set to rise, but cost-of-living crisis puts the brakes on luxury spending
The rising cost of living has been affecting over-50s in varying ways in recent months and with many reporting nervousness around spending, a divide has emerged in terms of what equity release money is likely to be put towards.
OneFamily named best over-50s life insurance provider
OneFamily has been named as the best life insurance provider for the over-50s in the prestigious What Mortgage Awards for the second year in a row.
Melanie Hind to join OneFamily as non-Executive Director
OneFamily has announced that Melanie Hind will be joining its Board as a non-Executive Director from September.
‘Life Cover protection gap’ opens up for over-50s
A ‘Life Cover protection gap’ is emerging, as 42% of funeral plans and life policies don’t offer as much cover as individuals need.
Older generations worried about life chances for Gen Z
The older generation is worried about the impact of the cost-of-living crisis and rising property costs on the life chances of younger relatives according to the Inspiring Better Futures report published by OneFamily.
Equity Release set to replace the “Bank of Mum and Dad”
OneFamily research shows one in five people over 50 would consider releasing money from their home to help out younger relatives.
Traditional path on decline as costs force 67% of under 40s to pick between marriage, home and child
The cost of owning a home, getting married and having a family has now reached a hefty £360K1 – the equivalent of almost 11 years’ salary.