OneFamily

OneFamily have 3 main Products;
- Interest Roll-Up Lifetime Mortgage - No interest payments are required and instead the interest is compounded and added to the loan each month
- 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).
- 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