One Family Lump Sum Standard

Are You Considering the Lump Sum Standard Scheme? What are the Eligibility Requirements, Features, Interest Rates & Scheme Options? Discover If This Equity Release Plan Is For You.

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One Family Lump Sum Standard Scheme Review

Lump Sum Standard Key Details

Type Rate APR
One Family Fixed 3.2% 3.4%

Scheme Incentives

  • Free Valuation

Scheme Offers

  • 10 Year Fixed Early Repayment Charges
  • Choice of Fixed/Variable Rates
  • Downsizing Protection Option

I think you’ll agree with me when I say:

It’s REALLY hard to choose the best equity release scheme with all the choices available.

Or is it?

Is the One Family Lump Sum Standard, equity release scheme the best?

Don’t let your equity release dream become a nightmare!

Luckily, we’re here to guide you on the ins and outs of equity release, as you deserve only the best.

However, it’s important to remember that not all plans are suited to each individual. You need to look for one that will serve your home, your lifestyle, and the reason why you’re considering equity release in the first place.

As leading experts in the field, we’ve delved into hours of research, unpacked all the equity release plans on the market (we’ve reviewed over 250 schemes!), and discovered the best in the business.

Could the One Family Lump Sum Standard be the right equity release plan for you?
We’re here to help you:
One Family is one of the leading equity release providers on the market and might just be the answer you’ve been looking for.
Can you truly go wrong with One Family?

Let’s find out!

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.
Find out more One Family equity release plans here.
One Family Lump Sum Standard

Scheme Background

OneFamily Lifetime Mortgage. This lender is best known for specializing in Guaranteed Over 50’s Life Cover, but now includes at, or near retirement lifetime mortgage lending to its offering.

The Interest Payment Lite plan from OneFamily is a lifetime mortgage that allows the homeowner to receive a once-off lump sum as part of their equity release scheme. It also allows the homeowner to pay up to 100% of the monthly interest that accrues on the loan for a period of time that can be set by the homeowner.

This product may be ideal for homeowners with mortgages at, or near retirement who are in need of repayment but have no repayment strategy in place. The OneFamily Interest Payment Lite Plan will enable such mortgagors to switch away from the residential mortgage market by re-mortgaging onto this OneFamily interest-only lifetime mortgage.

OneFamily was formed in 2015 through the merger of Family Investments and Engage Mutual. One Family manages more than £7.5 billion and is a trading name of Family Assurance Friendly Society, which has more than 2 million members.

Eligibility & Requirements

This product may be ideal for those with mortgages at or near retirement who are in need of repayment but have no exit strategy in place. Additionally, we can see the product being used as part of IHT mitigation exercises. This product may be excellent for those who have mortgages that are due for repayment at or near retirement but have no plan in place to pay them off. Additionally, we have seen the product employed in IHT mitigation exercises.

Minimum Property Valuation

OneFamily Equity Release will consider applications for home values ranging from £70,000 to £100,000, with no upper limit

Property Location Requirements

The property in question must be the primary residence and must be in England, Wales, or Scotland. It must be either a freehold or a leasehold property with an unexpired term of at least 155 years minus the youngest applicant’s age, or 75 years, whichever is larger.

Single vs Joint

This OneFamily Roll-Up Equity Release plan is available for single or joint life. The youngest applicant must be 55 years old, with a maximum age of 100 years at the time of entry.

Minimum Release

OneFamily will accept a loan of £10000 as a minimum, with a maximum discharge of £500000 at this time.

Scheme Features

The OneFamily Lump Sum Standard Set Rate scheme is a lifetime roll-up mortgage plan with a fixed interest rate for the life of the loan. This ensures a future balance if no more borrowing requests are made in the future. The Lump Sum Standard equity release plan from OneFamily gives a one-time tax-free capital sum that the applicant can use for whatever.

Homeowners can choose between fixed and variable interest rates for the first time in the equity release market, based on their preferences. The introduction of the OneFamily fixed interest rate equity release product gives homeowners greater peace of mind, knowing that regardless of what happens with interest rates elsewhere, the rate applicable to their plan will remain fixed for life, giving consumers and their beneficiaries more confidence.

At any given age, the Lump Sum Standard plan differentiates from the Lump Sum Lite plan by having larger loan-to-value rates. As a result, maximum loan amounts on the Standard range of plans are larger, and interest rates are higher as a result. Starting at age 55, the OneFamily Lump Sum Standard range has maximum loan-to-value percentages of 20% for joint lives and 21% for single lives.

The Downsizing Protection feature is an advantageous feature of the OneFamily Lump Sum Standard Plan. This means that anyone downsizing after 5 years can repay their OneFamily equity release plan in full, with no early repayment penalties. If you downsize during the first five years, you’ll be subject to the regular set early repayment penalties.

Early Repayment Feature

Fixed early repayment charges are another attractive aspect of Lump Sum Interest Roll-Up Lifetime Mortgages (ERC). OneFamily only charges an early repayment fee for the first ten years after the equity release loan’s start date. The ERCs start at 6% for the first five years, then drop to 3% for the next five years, and then have no penalty after that.

Equity Release Council Status

Because OneFamily is a member of the Equity Release Council, all of their fixed and variable rate plans are protected by the No Negative Equity Guarantee, which ensures that beneficiaries never owe more than the property’s value and, as a result, owe nothing to the lender.

Joint Application Features

This OneFamily Roll-Up Equity Release plan is available for single or joint life. The youngest applicant must be 55 years old, with a maximum age of 100 years at the time of entry.

Scheme Options

Although there is no voluntary repayment option available with the OneFamily Standard equity release plan, partial repayments are allowed with a minimum of £1000 and a balance of at least £10000. Depending on the year in which the repayment is made, any payments made on this basis may be subject to an early repayment charge.

Should more equity be required to be withdrawn for personal use in the future, OneFamily allows for extra borrowing. This is accessible 6 months after the initial advance was made, and it will be subject to underwriting guidelines at that time. It is not possible to switch to a different product without totally remortgaging the plan.


*Free valuation offer on property valuations up to £1m (pro-rata thereafter) & for a limited time only

One Family's Other Equity Release Schemes

Are you looking for a specific equity release scheme?

These are some of the schemes offered by One Family.

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Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss 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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