These materials are intended for use by Financial Advisers only

OneFamily Adviser

Variable Rate Lifetime Mortgages

  • A rate that tracks Consumer Price Interest (CPI) for the life of the mortgage
  • Free valuation with each mortgage, for properties up to £1m
  • All products comply with Equity Release Council Standards
  • Available as Interest Roll-up with Voluntary Payment option or an Interest Payment options

At a glance

A lifetime mortgage with a one-off lump sum at a variable rate of interest

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

Linked to Consumer Price Index (CPI), which is adjusted in December of each year according to the CPI displayed on the Office of National Statistics (ONS) website



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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 variable rate lifetime mortgage could 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

Read our At a Glance guides for more information.

Key features

Interest Roll-up with Voluntary payment options Interest Payment
Interest Variable – linked to 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-yer 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 – 85
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 more than five years after completion
No Negative Equity Guarantee Yes Yes

Variable 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).




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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

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