Related topic: Equity release

The regulator is also planning to simplify later life advice rules.

Nakita Moss, head of lender at Twenty7tec, explores how advisers interpret their role as clients approach retirement with more complex financial positions than previous generations.

Homeowners aged 55-plus own more than £3.7 trillion of mortgage-free property wealth.

The new data reveals ongoing differences in the usage of lifetime mortgages among age groups and genders.

Canada Life has established two new dedicated leadership positions for home finance and annuities.

Lifetime mortgage activity dipped but retirement interest-only lending rose 13% compared to the same quarter a year earlier.

The Advantage range offers a discounted interest rate in return for a commitment to regular monthly interest payments.

Lending through lifetime mortgages is just 8% of total later life lending.

20% used equity release to repay mortgage debt in 2025, down from 31% in 2024.

40% of borrowers used equity release for home improvements, holidays, cars, or gifts to family.