One Family Equity Release (Jan 2022)
One Family Lifetime Mortgage Review
Contributors: Nicola Date, Katherine Read. Edited by Rachel Wait & Reviewed by Francis Hui
Are You Considering One Family Equity Release? What are the Pros & Cons? What are the Costs? Discover If One Family Lifetime Mortgage Schemes are for You.
Before You Start Reading...
Let's See How Much You Can Release 👇
One Family Equity Release Review
I think you’ll agree with me when I say:
It’s REALLY hard to choose the best equity release provider with all the choices available.
Or is it?
Is One Family equity release the best?
Choosing the best equity release brand can be challenging! If you want to join the over 10,000 UK citizens who’ve unlocked equity this year, you’ll want to listen to this advice.
With so many brilliant options on the market, you could end up selecting the wrong equity release lender, only to regret it later.
Don’t worry; we’ve got your back. We’re here to share detailed information about the best equity release brands on the market, to help you make a sound decision.
On this page, we’ll be covering:
- Is One Family the best option for you?
- The services and schemes that One Family offers.
- How you can get in touch with One Family.
We’ve spent endless hours gathering the latest brand information with multiple expert consultations and a detailed review of over 350 brands in the industry.
Let’s take a look!
What Is Equity Release?
Equity release is an umbrella term for a later-life mortgage that allows you to unlock equity from your property while remaining in your home. While there are plans with an optional loan or interest repayments, both are only due when you pass away or move to a long-term care facility. The amount is usually covered from the sale of the home.
How Does Equity Release Work
If you (and your spouse) are 55 or older, you might qualify for an equity release loan. The age of the youngest homeowner will be considered. Furthermore, some schemes require you to be 60 or 65.
You might qualify for equity release if you own a home in the UK that is valued at £70,000 or more.
Discover More: What’s Equity Release & How Does It Work?
Equity Release Types
There are two equity release options available to you.
- Lifetime mortgage: is a mortgage secured on your property (provided it’s your main residence), while retaining ownership.
- Home reversion: is where you sell part or all of your home to a home reversion provider in return for a lump sum or regular payments. You have the right to continue living in the property until you die, but you have to agree to maintain and insure it.
The Most Popular Equity Release Uses
- Gaining access to tax-free cash to supplement retirement income.
- Paying off a mortgage, debts, or loans.
- Giving money to family members and children who might need an income boost.
- Taking a dream trip.
- Buying the car of one’s dreams.
- Renovating one’s home or garden, which also should increase the property value.
We’ve got the scoop: 10 Equity Release Uses to Inspire You
What You MUST Know About the Providers We Compare
- They’ve helped more than 1 million people decide whom to turn to when releasing equity from their homes.
- They’ve been responsible for organising 1 in 3 plans that the Equity Release Council
Are You READY to Find Out?
Are You Looking for the One Family Equity Release Calculator?
Before you consider using the One Family equity release calculator, we want you to know that we'll probably be able to find you a better rate and that means a great saving!
How Much Can You Release?
Use the INSTANT FREE Equity Release Calculator 👇
It's VERY FAST, takes just 10 seconds
Now, compare and save: Search over 200 equity release council approved plans and find the best deal for the amount of money that you need.
Why Should I Get a Free Equity Release Quote?
Multiple quotes
You must speak to various lenders.
Speak to an expert
Seek advice from a whole market financial adviser.
What You MUST Know About the Providers We Compare
They’ve helped more than 1 million people decide whom to turn to when releasing equity from their homes.
They’ve been responsible for organising 1 in 3 plans that the Equity Release Council approves.
Who Are One Family?
OneFamily is a financial services company situated in Sussex’s Brighton and Hove1 . It’s a mutual society, therefore there are no stockholders; instead, its 2.6 million members own it.
One Family is a multi-award-winning financial services firm that focuses on helping modern families succeed.
They feel that money isn’t a personal matter. Every choice you make has an impact on the people you care about the most. That is why they believe in designing items for modern families, including dual parents, divorced parents, single parents, live-in grandmothers, and the mate your child refers to as “Uncle.”
In addition, One Family is a customer-owned company. This implies they may reinvest money in their consumers instead of shareholders. They care about the world they live in, so via the way they operate their business and invest your money, they’re devoted to helping to inspire better futures for everybody.
The One Family Foundation was created to aid consumers and their communities by assisting the people and places that are important to them.
Common Questions About One Family & Lifetime Mortgages
In Conclusion
Not What You’re Looking For?
Take a look at our comprehensive list of equity release companies available on the market to see if there’s something better suited to your needs.
Editorial Note: This content has been independently collected by the EveryInvestor advisor team and is offered on a non-advised basis. EveryInvestor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.
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