These materials are intended for use by Financial Advisers only

OneFamily Adviser

Fixed Rate Lifetime Mortgages

  • A fixed rate for the life of the mortgage
  • Free valuation with each mortgage, for properties worth up to £1m
  • All products comply with Equity Release Council Standards
  • Available on an Interest Roll-up with Voluntary Payment option or an Interest Payment basis

At a glance

This is a lifetime mortgage which provides your customer with a one-off lump sum at a fixed rate of interest.

It is available on either an Interest Roll-up with Voluntary Payment option or an Interest Payment basis.

Our Fixed lifetime mortgage also comes in two loan-to-value (LTV) levels: Lite and Standard.

Equity Release Council Logo

Who could it be suitable for?

Lifetime Mortgages are suitable for customers who wish 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

With a Fixed Rate Lifetime Mortgage:

  • Customers may opt for our Interest roll-up with Voluntary Payment option if they are looking for flexibility in managing their finances in retirement.
  • Customers may opt for our Interest Payment product if they are looking for the discipline of a regular monthly payment that reduces the impact to the overall value of the equity in their home.
  • For more information, please read our At a Glance guides.

Key features

Interest Roll-up with Voluntary payment options Interest Payment
Interest Fixed rate of interest
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.
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 – 100 (Lite and Standard LTV)
Property Location Lite and Standard: England, Wales & Scotland
Early Repayment Charges (ERC) Fixed – ERCs may differ by product. Please see our guide to ERCs.
Downsizing Protection Yes, no ERC payable if after five years, your customer repays the loan as a result of selling their home and moving to a different property.
No Negative Equity Guarantee Yes Yes

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

Use our interactive calculator to show your customer the maximum loan amount they could be eligible for
(based on our Standard LTVs).

 

Calculate

Log in or register to access our portals

Other Lifetime Mortgage Products 

2-year Fixed Rate Lifetime Mortgage

This lifetime mortgage provides a one-off lump sum at an initial 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