Customers taking out a Super LTV product will also benefit from OneFamily’s simple and transparent early repayment charges (ERCs), as shown in the table below.
And, because they are fixed and easy to understand, your customers have the added comfort of knowing, exactly what they will be charged if they choose to redeem the loan within the first eight years. After that, they can redeem their loan at any time with no ERCs.
We’re here to help
OneFamily is committed to working with advisers to help them to secure the best outcome for their customers, and to be able to find a solution when potentially no one else can.
If you would like to find out more about OneFamily or how the new Super LTV Lifetime Mortgage might be suitable for your customers, go to www.onefamilyadviser.com/super-ltv
‘This is a OneFamily Paid Post. The news and editorial staff of the Financial Times had no role in its preparation’
[1]Prudential Class of 2018 report, https://www.pru.co.uk/pdf/CO2018-No-pension.pdf
[2]Opinium Research - A review of the pensions landscape in 2017 https://www.opinium.co.uk/wp-content/uploads/2017/08/A-review-of-the-pensions-landscape-in-2017.pdf
[3] Savills property wealth report https://www.savills.co.uk/insight-and-opinion/savills-news/239639-0/over-50s-hold-75--of-housing-wealth--a-total-of-%C2%A32.8-trillion-(%C2%A32-800-000-000)
[4] Equity Release Council figures December 2018
[5] Moneyfacts Research, https://www.mortgagestrategy.co.uk/five-fold-jump-in-equity-release-products-moneyfacts/
[6] For customers aged 65-100 with a Lump Sum Lifetime Mortgage in England and Wales. Based on iPipeline’s Equity Release service as at 26/02/2019. Excludes enhanced/impaired lives.