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 now comes in three loan-to-value (LTV) levels: Lite, Standard and Super.

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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 Criteria Differences between Propositions

Lite and Standard LTV options Super LTV
Payment Type Roll Up with Voluntary Payments or Interest Payment Roll Up with Voluntary Payments only
Product Type Fixed, Variable and 2-Year Fixed Fixed
Customer Age Range 55-85* 70-100
Leasehold 175 Year minus the age of youngest customer 155 Year minus the age of youngest customer (or 75 years if higher)
Land with Property Maximum of 5 acres Condsider up to 25 acres with valuations based on 5 acres
Properties near commercial premises Consider adjacent Consider above or adjacent
Geographical availability England, Scotland and Wales England and Wales
Early Repayment Charges (ERC) Please see our guide to ERCs.

*2-Year fixed rates are only available for customers up to the age of 70

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

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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