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OneFamily Adviser

2-year Fixed Rate Lifetime Mortgages

  • A fixed rate for two years followed by a rate that tracks Consumer Price Index (CPI) for the remaining term
  • Free valuation with each mortgage, for properties worth up to £1m
  • All products comply with Equity Release Council Standards
  • Available on our Interest Payment and Interest Roll-up with Voluntary Payment option products

At a glance

A lifetime mortgage with a one-off lump sum at an initial fixed rate of interest, which after two years reverts to a variable rate.

Initial fixed rate of interest until 30 Nov 2022. On 1 Dec 2022, product reverts to a variable rate based on CPI.

Available as Interest Roll-up, with voluntary payment or Interest Payment options.

Available in two loan-to-value (LTV) levels: Lite and Standard.

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Who could it be suitable for?

Lifetime Mortgages suit customers wishing to take a lump sum for:

  • Paying off an existing mortgage or unsecured debts
  • Helping a family member with a deposit for a house purchase
  • Home improvements
  • Supplementing their retirement income

A 2-year Fixed rate lifetime mortgage may be suitable for:

  • Customers who are used to index-linked products and are prepared to take the risk that other types of interest could cost them less in the longer term.
  • Customers who are aware of the Consumer Price Index (CPI), the potential changes in CPI that may occur and the drivers behind those changes
  • Customers that want to benefit from a low initial rate

Read our At a Glance guides for more information

Key features

Interest Roll-up with Voluntary payment options Interest Payment
Interest Variable – The 2-year Fixed rate product has a fixed rate of interest until 30 November 2022. On 1 December 2022 the product will revert to a variable rate based on the Consumer Price Index (CPI).
Payment Interest is rolled-up and no payments are due. Voluntary payments are permitted up to a maximum limit of 10% of the initial loan amount. Interest is paid monthly and the amount is determined at the outset - a minimum of £25 up to 100% of the monthly interest payable.
Interest Rates Please see our Interest Rate sheet for the latest product rates.
The CPI as published on the ONS website for September each year is applied to our Variable and 2-year Fixed rate lifetime mortgages in December each year.
LTVs available Lite and Standard. Please see our LTV table for further information.
Minimum – Maximum loan amount £20,000 - £1 million
Minimum – Maximum age at completion 55 - 70
Property Location England, Wales & Scotland
Early Repayment Charges (ERC) Please see our guide to ERCs.
Downsizing Protection Yes, the ERC is waived, if your customer downsizes at least five years after completion
No Negative Equity Guarantee Yes Yes

2-year Fixed Rate Product Support

Click below to find our sales support tools for our Lifetime Mortgage products and how they can benefit your clients.

Lifetime Mortgage Calculator

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



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Other Lifetime Mortgage Products 

Fixed Rate Lifetime Mortgage

This lifetime mortgage provides a one-off lump sum at a fixed rate of interest.

Find out more

Variable Rate Lifetime Mortgage

This lifetime mortgage provides a one-off lump sum at a variable rate of interest.

Find out more