An ageing population is driving demand for lifetime mortgage and equity release advice, but misconceptions still hold the market back
Regulator says sector must overhaul products, advice, and consumer engagement or risk losing control of its own future
New loans to older borrowers declined nearly 5%, but total lending value edged higher
Latest quarterly data points to slower completions despite steady adviser enquiries
Interest-only maturities are set to peak in the early 2030s, and late engagement is already narrowing options for older borrowers
Evolving borrower needs and product innovation are outpacing how brokers approach later life lending
