OneFamily

Register with OneFamily via their website  www.onefamilyadviser.com 

OneFamily  have 3 main Products;

1. Interest Roll-Up Lifetime Mortgage - No interest payments are required and instead the interest is compounded and added to the loan each month
2. Voluntary Payment Lifetime Mortgage - As per roll-up, however the customer has the option to make voluntary payments each year, up to 10% of the initial loan (subject to a minimum of £25 and can make as many payments as they wish).
3. Interest Payments Lifetime Mortgage - Monthly interest payments from £25 up to 100% of the monthly interest charged. 

All products available with fixed interest rates or variable interest rates tracking the Consumer Price Index.

Rates start from 3% AER

Commission via the  Equity Release Club is 2.3% of the loan

Common features include:

• Minimum loan £10,000 – Maximum loan £750,000
• Minimum property value £70,000 – No maximum value. Refer properties over £2,000,000. 
• Minimum age 55 – Maximum age 100
• Pricing dependent on required LTV and single/joint application
• Further advances – min £4,000
• Downsizing protection – no ERC payable if after 5 years the customer redeems the mortgage as a result of selling and moving to another property
• Available for purchase and re-mortgage and portable
• All products are Equity Release Council compliant
• Fixed ERCs for 10 years
  • 6% fixed for 5 years, 3% for the remaining 5 years. 

For more information on OneFamily visit their website on; http://www.onefamilyadviser.com/

Telephone: 0800 802 1645,    

Email Sales Support: Oflm.sales@onefamily.com,    

Underwriting Email: lifetimemortgages@onefamily.com