Related topic: Lifetime mortgage

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.

Omni brings together a combination of higher LTVs and short early repayment charge terms. 

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

more2life has also relaunched Apex Interest Reward, which offers interest rate discounts for making monthly interest payments.

The lender has also added its 'Age Next Birthday' feature to sourcing systems.

All Horizon applications will be submitted and managed by more2life after Standard Life Home Finance's exit from the market.

Lifetime mortgages and retirement interest-only lending both increased in Q3.

Among queries on drawdown products, the half-yearly average reserve amount has risen by 17%.