Later Life Mortgage Lending

Latest Data - Q1 2025

Published on 10/06/2025

Key data highlights:

• There were 38,510 new loans advanced to older borrowers in Q1, up 33.5 per cent year on year. The value of this lending was £6.1bn, which was up 42.6 per cent compared with the same quarter a year previously.
• There were 5,620 new lifetime mortgages advanced in Q1, up 11.1 per cent year on year. The value of this lending was £530mn, which was up 39.5 per cent compared with the same quarter a year previously.
• There were 339 retirement interest only mortgages advanced in Q1, up 19.4 per cent year on year. The value of this lending was £33mn, which was up 17.9 per cent per cent compared with the same quarter a year previously.
• Residential Later Life loans in Q1 represent 7.6 per cent of all residential loans. BTL Later Life loans in Q1 represent 21.5 per cent of all BTL loans.