OneFamily offers a Lump Sum product for homeowners who are interested in a simple and straightforward lump sum lifetime mortgage. With these products, the homeowners is not obligated to make any repayments against the loan and the interest is simply added to the loan each month for the duration of the lifetime of the mortgage. The Lump Sum product is offered on both a Lite and Standard basis as well as with both a fixed and variable interest rate.
A lump sum, roll-up loan is most appropriate for those homeowners who are not concerned with the impact of interest roll-up and who want to receive a lump sum payment. It is also most suitable for the homeowner who is not concerned with leaving behind an inheritance from their home to loved ones.
This product offers loans ranging from £10,000 to £750,000 for homeowners between the ages of 55 and 100. Properties must have a minimum valuation of £70,000 and be located in England, Scotland or Wales.
The product offers several unique features such as portability, a standard no negative equity guarantee, downsizing protection and fixed early repayment charges for the first ten years after loan completion. There is also additional borrowing available if the homeowner is interested and is approved based on lending criteria.
Simply complete the contact form below & a qualified equity release adviser will contact you shortly.
One Family – Lump Sum Lite Plan
Talk to us today to request further information on – 0800 011 9841
Or click here to email us now.
Contact EquityRelease2go >> to request further information – 0800 011 9841
Or click here to email us now