later life lending

Call for industry to act on later life lending

8th May 2025 Consumer Lending | #later life lending

LiveMore, the mortgage lender for people aged 50 to 90 plus, is calling on the financial services industry to come together to redefine and clarify what ‘later life lending’ really means. While the term has become increasingly common, LiveMore warns that it is still widely – and incorrectly – used as a synonym for equity…

Later life lending falls 16.9%

30th August 2024 Consumer Lending | #later life lending

UK Finance has published its latest data on later life mortgage lending for Q2 2024 which reveals that there were 5,610 new lifetime mortgages advanced in the Quarter, down 16.9% year on year. The figures show 32,990 older borrowers (aged 55 and over) took out mortgages in Q2 2024, up 8.34% in a year, 8,670…

Later life lending falls 6%

30th April 2024 Consumer Lending | #later life lending

Data from the Equity Release Council has found that later life lending fell 6% to £504 million in the first three months of the year compared to the final quarter of 2023. The research found that the sector attracted 4,698 new customers between January and March, 11% lower than the final quarter of last year…

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later life lending

Call for industry to act on later life lending

Later life lending falls 16.9%

Later life lending falls 6%

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