Brilliant Solutions

One Family Update

One Family have announced a broker update, available to read below.  Visit their website here or Contact us to see how we help brokers like you across the UK.


Changes to OneFamily Lifetime Mortgage Variable Rate

Please find below an update of some forthcoming changes to OneFamily’s Lifetime Mortgage products effective 1 December:-

Removal of Variable Interest Payment Rate (Lite and Standard) from New Business:
The last date that we will accept Variable Interest Payment applications will be 30th November.

Variable rate product changes:
The CPI will be increasing to 3.1% which will mean the new MERs on Variable rate products will be:
* Variable Lite Interest Roll up with Voluntary Payment: 5.40% (5.54% AER)
* Variable Standard Interest Roll up with Voluntary Payment: 5.80% (5.96% AER)

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