There were 41,100 new loans advanced to older borrowers in the last quarter of 2025, up 15.1% year on year, UK Finance reveals.

The value of this lending was £6.8 billion, which was up 20.5% compared with the same quarter a year previously.

In addition, there were 5,700 new lifetime mortgages advanced in Q4, unchanged from the same quarter a year earlier and down 5.6% compared to Q3.

The value of this lending was £510 million.

Meanwhile, there were 388 retirement interest only mortgages advanced in Q4, up 13.1% year on year.

The value of this lending was £36 million, which was up 2.9% compared with the same quarter a year previously.

Residential later life loans in Q4 represent 8.02% of all residential loans, while buy-to-let later life loans in Q4 represent 21.4% of all BTL loans.