Personal Touch adds OneFamily to equity release panel

Mortgage Introducer

January 24, 2018

Equity release lender OneFamily has been added to Personal Touch’s equity release panel.

OneFamily’s applications are considered on a case-by-case basis and direct access is given to its team of underwriters.

Vikki Jefferies, head of propositions at Personal Touch, said: “We are delighted to work with OneFamily, their focus on the equity release market in the past few years has been significant.

“As a network, we recognise growth in customer need in this market and we very much welcome them to the Personal Touch proposition”

The OneFamily Lifetime Mortgage range includes an interest payment product that allows a client to pay off up to 100% of the interest, voluntary payment where clients can pay off up to 10% of the capital and interest roll-up.

All of these products come with the option of a fixed or variable rate.

There is also downsizing protection for those customers who may wish to fully redeem their loan when they sell up after five years.

Jon Tweed, head of intermediary sales at OneFamily, added: “We are very pleased to be a provider on the Personal Touch equity release panel, offering our products and services to a new network of intermediaries.

“With the market growing so rapidly, we want to ensure advisers are able to offer lifetime mortgage products to suit their client’s different needs. That’s why we offer a range of payment plans and the choice of fixed or variable interest rates.”

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