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UK later life mortgage lending surged 38.6% in Q4 2024, reaching £5.6 billion despite high-interest rates.
Later life mortgage lending in the UK surged 38.6% in Q4 2024, reaching £5.6 billion.
New lifetime mortgages increased by 6.7%, with their value up 24.4% to £510 million.
Retirement interest-only mortgages also saw a 35.6% rise in number and a 34.6% increase in value to £35 million.
Despite high-interest rates, older borrowers are confident in financing future home purchases, though concerns exist about the impact on retirement plans.
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Los préstamos hipotecarios de la vida posterior del Reino Unido aumentaron 38,6% en el cuarto trimestre de 2024, alcanzando los 5.600 millones de libras esterlinas a pesar de las altas tasas de interés.