
16% of lifetime mortgages now taken out against homes worth £700,000 or more, analysis finds
The average property value among new lifetime mortgage customers increased to £463,650 in Q2 2026.

The average property value among new lifetime mortgage customers increased to £463,650 in Q2 2026.

Ben Waugh discussed how recent innovations such as interest reward lifetime mortgages and streamlined underwriting journeys can not only improve choice for over-55s, but can also enhance their experience as a whole.

The call follows comments from the FCA’s Emad Aladhal, who recently described specialist later life lending products as a potential “fourth pillar” of retirement income.

Dave Harris said brokers should review their advice for older borrowers straight away rather than wait for the FCA’s later life lending market study.

New toolkit aims to help later life advisers build introducer relationships and generate leads.

Dave Harris argues that true holistic advice for over-55s should cover all later life mortgage options within one joined-up journey, not a separate specialist silo.

The Omni Interest Reward product builds on the existing Omni range, which was launched last year.

more2life has relaunched its Apex and Apex Interest Reward lifetime mortgage ranges, offering higher LTVs at older ages and interest rate discounts for borrowers committing to monthly interest payments.

more2life has added Countrywide Surveying Services as a valuation partner for its Horizon range, giving advisers greater choice and resilience in property valuations.

The change applies to all new Flexi applications from today.

As a result, from today, Monday 8th December, all Horizon and Horizon Interest Reward applications will be submitted and managed by more2life.

Dave Harris, CEO of more2life, discusses the latest figures from the Equity Release Council, and what they mean for the wider industry.
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