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Lump Sum Lifetime Mortgages

Our range of Lump Sum Lifetime Mortgages provide your customers with a one-off lump sum payment, fixed and variable interest rates, fixed ERCs and flexible payment options, such as the ability to make voluntary payments

 
UPDATED PRODUCT

Super LTV - Fixed rate
Our Super LTV 

  • Supports customers who are looking to release more equity from their homes
  • Provides customers with a one-off lump sum at a fixed rate of interest, with higher loan-to-values (LTVs) than our other lifetime mortgage products

Produce KFI
Key features
Loan sizes
£20,000 - £1million		 Payment options
Interest Roll-up with Voluntary Payment
Customer age range
65-100		 No Negative Equity Guarantee
LTVs
40-58%		 Geographical availability
England and Wales
Product types
Fixed
Key documents

 Product Overview

Super LTV Lending Policy

Super LTV Product Spec

Additional Information
Land with property
Consider up to 25 acres with valuations based on 5 acres		 Leasehold
155 Year minus the age of youngest customer (or 75 years if higher)		 Properties near commercial premises
Consider above or adjacent
ERC calculation
Based on the lower of the initial loan amount and the outstanding balance		 ERCs profile

Year 1 2 3 4 5 6 7 8
ERC 6% 6% 6% 5% 4% 3% 2% 1%
Downsizing Protection
After five years ERCs will be waived if redemption is due to downsizing
Need to speak to one of our team?
Email us at [email protected] or call on 0800 802 1645* Option 2

Lite & Standard LTV - Fixed Rate
Our Lite & Standard

  • Provides your customer with a one-off lump sum at a fixed rate
  • Offer two levels of loan-to-values (LTVs) – Lite (starting at 13.5%) and Standard (starting at 17%)

Produce KFI
Key features
Loan sizes
£20,000 - £1m		 Payment options
Interest Roll-up with Voluntary Payment
Interest Payment
Customer age range
55-85		 No Negative Equity Guarantee
LTVs
13.5-47%		 Geographical availability
England, Wales and Scotland
Product types
Fixed
Key Documents

 Product Overview

Lite & Standard Lending Policy

Additional Information
Land with property
Maximum of 5 acres		 Leasehold
Not accepted		 Properties near commercial premises
Consider adjacent
ERC calculation
Based on the lower of the initial loan amount and the outstanding balance		 ERCs profile

Year 1 2 3 4 5 6 7 8 9 10
ERC 8% 8% 8% 7% 6% 5% 4% 3% 2% 1%
Downsizing Protection
After five years ERCs will be waived if redemption is due to downsizing
Need to speak to one of our team?
Email us at [email protected] or call on 0800 802 1645* Option 2

Variable Rate
Our Variable Rate

  • Tracks the Consumer Price Index (CPI) for the life of the mortgage
  • Offers two levels of loan-to-values (LTVs) – Lite (starting at 13.5%) and Standard (starting at 17%)

Produce KFI
Key features
Loan sizes
£20,000 - £1m		 Payment options
Interest Roll-up with Voluntary Payment
Interest Payment
Customer age range
55-85		 No Negative Equity Guarantee
LTVs
13.5-47%		 Geographical availability
England, Wales and Scotland
Product types
Variable
Key Documents

 Interest Payment At a Glance Guide

Interest Roll-up with Voluntary Payment option At a Glance Guide

Lite & Standard Lending Policy

Variable capped rates - How does it work?

Additional Information
Land with property
Maximum of 5 acres		 Leasehold
Not accepted		 Properties near commercial premises
Consider adjacent
ERC calculation
Based on the lower of the initial loan amount and the outstanding balance		 ERCs profile

Year 1 2 3 4 5 6 7 8
ERC 8% 7% 6% 5% 4% 3% 2% 1%
Downsizing Protection
After five years ERCs will be waived if redemption is due to downsizing
Need to speak to one of our team?
Email us at [email protected] or call on 0800 802 1645* Option 2

Key Lifetime Mortgages Documents

LTV Table

Lite & Standard Lending Policy

Interest Rates

View all documents

Early Repayment Charges

Additional Borrowing

Tariff of Charges

Knowledge Hub

Later life lending myths 

£3 billion is currently loaned with equity release annually, but according to our survey of advisers there are still some pervasive myths out there.

Read article 

How to get into equity release 

More and more people are turning to equity release to fund their retirement lifestyle, support with day to day living or help younger family members onto the property ladder.

Read article 

How are parents financially supporting their grown-up children? 

More and more parents are financially supporting their children for longer, with some even helping the get a first foot on the property ladder.

Read article 

Helping customers with interest-only mortgages 

Our research found that 28 percent of mortgage borrowers aged 55 plus have an interest-only mortgage.

Read article 

See all articles

Adviser Toolkit

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Lifetime Mortgage Calculator

Show your customer the maximum loan amount they could be eligible for (based on our Standard LTVs).

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Webinar & Events Calendar

View all of our up and coming events including our own OneFamily webinars.

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Our Guide to Lifetime Mortgages

A consumer guide to our Lifetime Mortgage products. Please share this with your customers to help them consider how a Lifetime Mortgage from OneFamily could be right for them and what options and products are available

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Our Lifetime Mortgages FAQs

View our most frequently asked questions from intermediaries.