OneFamily was formed in 2015 by the merger of Engage Mutual and Family Investments which combined has created one of the largest Mutual organisations in the UK. OneFamily is a trading name of Family Assurance Friendly Society with over two million members and managing £7 billion of family money. OneFamily see Lifetime Mortgage lending as its natural progression into the retirement arena where it currently specialises in Guaranteed Over 50s Life Cover.
OneFamily have launched their inaugural plans with a plethora of features and options. They are taking a giant leap forward for the equity release industry in further building consumer confidence and competitive products. OneFamily are the first lender to offer a variable interest rate product, linked to the Consumer Price Index (CPI) with addition of a fixed rate option too. Choice is important and with this comes a range of flexible features for the homeowner to be able to discuss with their equity release adviser. This is a new bold step for the Equity Release marketplace and effectively brings equity release rates in line with conventional mortgage interest rates.