- Remove tax-free cash from your house with One Family Equity Release
- No need to make monthly payments
- Use the money for a holiday
- Continue to stay in your property for as long as you like
- It can be used to manage inheritance tax bills
- No product fees
- No lenders fees
- 4.19% fixed for life
- Free Valuation
How much cash can I get?
You can get 60% of your property’s value. For example, if your home is worth £280,000, you can get £168,000.
It’s usual to find individuals looking for interest-only, lump-sum, or lump-sum lifetime mortgages. However, Just Retirement, like Maximum Cover Equity Release, is keen to see paperwork showing your situation in the form of pension statements.
UK Equity Release Lenders
- Key Retirement
- Bridgewater
- Sun Life Plans
- Fortify Insurance Solutions
- One Family Equity Release
Advantages of One Family Equity Release
Often used to optimise tax planning, interest rates can be attractive. You can buy a family member a home without a mortgage or pay off your own debts, such as loans and credit cards, so you have more monthly disposable income.
Do One Family Do Pensioner Mortgages?
Yes, One Family Pensioner Mortgages are 2.19% MER.
Equity Release LTV
- 50% lump sum lifetime mortgages Aegon
The first and second charge lenders will want to know if the property is a Detached freehold house or a Leasehold flat with a share of freehold and if the resident is an Owner-Occupier.
UK Equity Release Lenders
It is common to find people searching for lifetime mortgages with flexible drawdown cash release, lump sum lifetime mortgages, or home reversion schemes. However, More2Life, like LV Liverpool Victoria, is eager to see evidence of your personal situation in the form of pension statements.
- More to Life Tailored Choice Plan
- Lloyds Bank Equity Release
- Barclays Equity Release
- One Family Equity Release
- More to Life Flexi Choice Drawdown Lite Plan
- Royal Bank of Scotland Lifetime Mortgage
- HSBC Equity Release Schemes
- Age Partnership Equity Release Plans
- More2Life Flexi Choice Drawdown Lite Plan
- Stonehaven Lifetime Mortgage
- Equity Release Plans
- NatWest Equity Release Schemes
- L&G Legal & General Flexible Max Scheme
- Pure Retirement Lifetime Mortgage
- Age Partnership Lifetime Mortgage
Do One Family Do Retirement Mortgages?
Yes, One Family Retirement Mortgages are 2.19% APRC.
Common UK Equity Release Products
- Retirement Advantage Interest Only Lifetime Mortgages
- Lifetime Mortgage Norwich Union
- Equity Release
- Lifetime Mortgage Telegraph
- Hodge Equity Release
- Royal Bank Of Scotland Home Reversion Plans
- Lloyds Bank Equity Release
- Aviva Home Reversion Plans
- One Family Equity Release Interest Rates
- Zurich Equity Release Schemes
- Legal & General Lifetime Mortgage
- L&G Drawdown Lifetime Mortgage
- More to Life Lifetime Mortgages
- Marsden Building Society Home Reversion Plans
- Scottish Building Society Equity Release Reviews
- Yorkshire Bank Equity Release Advisor
- More to Life Equity Release Reviews
- Just Retirement Lifetime Mortgage
- Halifax Equity Release
- Pure Retirement Drawdown Lifetime Mortgage
- RBS Interest Only Mortgage
- Canada Life Home Reversion Plans
- Equity Release Lloyds Bank
- Crown Lifetime Mortgages
- Canada Life Equity Release Schemes
Does one family do equity release under 55?
Yes, One Family Equity Release Under 55 is 2.19% APR.
Pitfalls of One Family Equity Release
Monthly equity release can reduce your estate value. Lump sum lifetime mortgages may impact entitlements to state benefits. You may need to pay an advisor’s fee, and with some schemes, you could have higher rates to pay.
Telephone:
Equity Release LTV
The older you are and the sicker you are, the more tax-free cash you can release.
https://www.onefamily.com/equity-release/
How much money can I borrow?
You can achieve 70% of your property’s value. For example, if your home is worth £230,000, you can get £161,000.
Do One Family Do Lifetime Mortgages?
Yes, One Family do lifetime mortgages at 2.19% APRC.
OneFamily is a customer-owned financial services company in the UK that has significantly impacted the equity release market, particularly with its comprehensive range of products tailored for older homeowners. The suite of OneFamily equity release options, including their innovative OneFamily RIO Mortgages and other related products, has garnered various customer reviews that shed light on the company’s performance and customer satisfaction levels.
One Family Equity Release Products
One Family RIO Mortgages
OneFamily RIO (Retirement Interest Only) Mortgages are an appealing product for those aged 55 and over looking for a loan to pay just the interest each month. The principal amount is usually repaid from the sale of the property, often when the borrower moves into long-term care or passes away. This product is part of OneFamily’s commitment to offering flexible financial solutions to the older generation.
OneFamily Equity Release Calculator
The OneFamily Equity Release Calculator is an essential tool provided on their website. It enables potential borrowers to estimate the amount of equity they can release from their homes. This calculator is particularly useful for planning and gives users immediate insight into the potential financial benefits of an equity release scheme.
One Family Interest Rates
Interest rates are a pivotal aspect of any mortgage product, and OneFamily interest rates are competitive within the equity release market. The rates determine the overall cost of the loan over time and are a critical consideration for customers.
One Family Mortgages for Over 50s and Beyond
OneFamily offers a range of age-specific products, including OneFamily Mortgages Over 50, Mortgage Over 55, Mortgages Over 60, mortgages Over 65, Mortgage Over 70, and Mortgage Over 75. These products are designed with an understanding of the varying financial needs that arise as individuals move through different stages of later life.
OneFamily Later Life Mortgages
One Family Later Life mortgages are targeted at those in their retirement years who wish to leverage the value of their property to enhance their lifestyle, manage existing debts, or plan for future expenses without having to sell their home.
OneFamily Remortgage Options
For individuals over the age of 60 considering a change to their existing mortgage, OneFamily offers Remortgage over 60 options. These products allow customers to find more favourable terms or release additional funds from the equity built up in a property.
Lending Practices and Policies
Inclusivity in Lending
One Family stands out for its inclusive approach to lending. Their mortgage products do not have an upper age limit. This policy is a boon for the older demographic, ensuring that even those in the 75-plus category have access to financial products that cater to their needs.
Support for Older Borrowers
Recognising that older borrowers may have unique financial histories, OneFamily offers options catering to those with a bad credit history or seeking loans that do not require a credit check. This approach demonstrates the company’s understanding of the challenges faced by this age group.
Professional Advice and Guidance
The Role of Brokers and Advisors
OneFamily emphasises the importance of professional advice when considering equity release. They recommend that potential customers consult with qualified brokers or advisors, echoing the sentiments of figures like Martin Lewis, the Money Saving Expert, who advocates for thorough financial planning and advice in the equity release process.
Customer Experiences and Reviews for a one family lifetime mortgage
Positive Feedback for OneFamily lifetime mortgages
OneFamily has received praise for its customer service and wide range of equity release products. Clients appreciate the clarity with which the terms of the products are explained and the personalised service provided by OneFamily advisors. Many reviews highlight the flexibility and peace of mind that OneFamily’s products have afforded them.
Considerations and Concerns on one family reviews
While there are many positive reviews, some customers express concerns over the long-term financial implications of equity release, such as the accumulation of interest and the potential impact on inheritance. These are common considerations within the equity release market, and OneFamily aims to address them by providing detailed, transparent information to all prospective borrowers.
Product Accessibility with onefamily equity release
OneFamily’s efforts to make equity release accessible to a broader range of customers, including those declined by other lenders, are also commended. Their comprehensive product range and flexibility cater to a diverse set of financial circumstances, which is a recurring theme in customer feedback.
OneFamily’s approach to equity release, reflected in its product offerings and customer reviews, shows a commitment to providing solutions well-suited to the financial needs and circumstances of older homeowners. Its products, which range from RIO mortgages to interest-only options and include no upper age limits, demonstrate an understanding of the unique challenges faced by those seeking financial flexibility in later life.