later life mortgages

Later life mortgage lending increases 28%

28th February 2025 Consumer Lending | #later life mortgages

Latest quarterly figures from UK Finance has found that later life mortgages lending increased 28.2 per cent year on year. The data indicated that there were 35,840 new loans advanced to older borrowers in Quarter 4 (Q4) with the value of this lending was £5.6bn, which was up 38.6 per cent compared with the same…

FCA uncovers misleading later life mortgage promotions

15th September 2023 Consumer Lending | #later life mortgages

The Financial Conduct Authority (FCA) has forced lenders offering lifetime mortgages to withdraw or change over 400 misleading promotions. A market review by the regulator found that sales of these mortgages often did not meet expected standards. The review identified a number of bad practices, including companies promoting the benefits of their products without mentioning…

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later life mortgages

Later life mortgage lending increases 28%

FCA uncovers misleading later life mortgage promotions

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