later life lending

Later life lending increases by 15.1%

2nd March 2026 Consumer Lending | #later life lending

UK Finance has released its latest data on the later life mortgage showing that lending increased by 15.1% in Quarter 4 (Q4). The data showed that 41,400 new loans advanced to borrowers over 55 in Q4 2025. £810 million pounds of lending was to leant borrowers aged 65 to 70, up a huge 26.56%. A…

Later life mortgage lending rises by 18.4%

28th November 2025 Consumer Lending | #later life lending

New data from UK Finance has found that later life loans rose 18.4 per cent with 39,950 loans taken out in Quarter 3 (Q3). The value of lending was £6.5 billion, which was up 24.7 per cent compared with the same quarter a year previously. There were 6,040 new lifetime mortgages advanced in Q3, up…

Later life mortgages increased by 33.5% in Q1

11th June 2025 Consumer Lending | #later life lending

UK Finance has published its later life mortgage lending update for Q1 2025 which showed that there were 38,510 new loans advanced to older borrowers in Quarter 1 (Q1), increased 33.5 per cent year on year. The value of this lending was £6.1 billion, which was up 42.6 per cent compared with the same quarter…

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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