10/03/2026
Mortgage Brokers 🚨
Is Equity Release currently a part of your conversations?
More and more people aged 55+ are exploring Equity Release as an option to support themselves, or their families – One of the biggest drivers for Equity Release remains to be repay an existing mortgage.
In the FCA’s Research Note ‘Interest Only Mortgages: Analsyis of FCA Mortgage Data, (Aug 2023)’ outlined that there is a peak of those interest-only mortgages being due around 2027. Around 51,000 interest-only mortgages in total.
Many of these clients will be over 55, with few options available to them.
I also had the opportunity to listen to a very insightful podcast on Holistic approaches to Later Life Lending, explaining that the regulator has also estimated that over the course of the coming months, deeper into 2026, the number of interest-only mortgage maturities is going to increase by up to 50% Vs this time last year.
If you are purely advising in the mortgage market, and you’re not sure how to support your clients in these conversations, you might end up turning those clients away and telling them that they may have to move home when actually, there could be other options to keep them in their home.
It’s important to have a referral route in place that you can trust, to ensure that your clients are fully supported, even into later life.
If you want your clients to speak with an award-winning, trusted team then contact me at Viva Retirement Solutions below 👇🏼
📞 07768730627
📧 [email protected]
🧑🏼💻 https://lnkd.in/e_tRfCpQ
A lifetime mortgage is a long-term commitment which could accumulate interest and is secured against your home. Equity Release is not right for everyone and may reduce the value of your estate.