Lifetime mortgage products launch at OneFamily

Lifetime mortgage products launch at OneFamily

OneFamily has announced today that it has launched two new lifetime mortgage products shortly after entering the mortgage market last month.

The products being brought to market by OneFamily Lifetime Mortgages are an interest roll-up product and a roll-up voluntary payment option, which allows the customer to repay 10% of the initial loan each year, without incurring an Early Repayment Charge.

Over the course of the next couple of months, OneFamily will also go live with two interest-paying products, which will include a fixed rate and variable rate linked to Consumer Price Index.  

The roll-up product is being launched with fixed interest rates from 4.98% and variable interest rates from 2.96%, whilst the the roll-up voluntary payment option will attract fixed interest rates from 5.45% or variable interest rates from 3.44%.


Georgina Smith, MD of OneFamily Lifetime Mortgages, said: “We were delighted with the positive feedback we had from media and brokers when we announced our intention to enter the Lifetime Mortgage market last month. We wanted to introduce new and innovative features into the lifetime mortgage market, including the option of a variable interest rate.

We have done this to extend consumer choice and to help grow the market. These products will complement OneFamily’s vision to enable families to work together to meet the financial demands of modern life.”

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Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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sean benton
sean benton 01 Sep 2017

Identity theft is a thread for any profession. So,people should stay alarmed. I once take help from a letting agent and came to know that letting agents are taking every precaution to prevent fraudulent...

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Mark N.
Mark N. 30 Aug 2017

We have seen a surge in instructions over August and that should continue into September too.

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Chris
Chris 30 Aug 2017

Unfortunately, all the legislation bears its force on Landlords and ignores, naively, the effect of Rogue Tenants on the ability of landlords to keep houses in repair and offer properties for rent at reasonable...

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Christian Donovan
Christian Donovan 18 Aug 2017

The write-down on house values, combined with the fall in the GBP saddled the fund?s property portfolio with a 1.4% loss in the second quarter. The shocking amount of $240 million.

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Samantha Goodman
Samantha Goodman 11 Aug 2017

Interesting point of view.

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