Compare OneFamily Equity Release

OneFamily is a mutual society that provides financial services, including equity release through a lifetime mortgage.

OneFamily offers lifetime mortgages that allow homeowners to release equity in their homes. Its lifetime mortgages are available to those aged 55 or over with a minimum property value of £70K. OneFamily offers both variable rate and fixed-rate lifetime mortgages and the equity released is paid to you as a one-off cash lump sum.

You will need to speak with an equity release adviser to assess whether equity release is the right option for your personal circumstances. You can proceed to our partner's website to provide your details and they will be in touch to assess your circumstances and suitability.

Once you have been accepted, you will be able to release money as a one-off lump sum. You can use this money for whatever you want, to finance your lifestyle or to support loved ones, for instance helping children onto the property ladder. With a OneFamily lifetime mortgage you retain ownership of your property, and the amount you owe will never be more than the value of your property. You won’t face the risk of your property being repossessed if you follow the terms and conditions of the loan. The money is borrowed as a loan against your home and it is repaid with any interest accrued when your house is sold, when you enter long term care, or pass away.

OneFamily’s loans go up to a maximum of £1 million, but the amount of equity you can release will depend on your individual circumstances. See how much you could borrow by entering details in our calculator.

Many retirees use an equity release to finance their lifestyle, achieving financial security as they enter retirement. You can also use the lump sum from a lifetime mortgage to clear an interest-only mortgage that has come to the end of its term.

A lifetime mortgage can be used for home improvements, for instance upgrading your home, such as installing a new bathroom or kitchen, or making essential repairs. For others a lifetime mortgage can be used to help loved ones, whether it’s giving children a leg up onto the housing ladder, paying for a wedding or helping someone through an expensive time in their life.

It’s always worthwhile doing due diligence on a company when researching a financial product like equity release. Reviews of OneFamily can be found on websites such as Trustpilot, where thousands of customers share their provider experiences.