24/03/2026
Recent figures from fellow lifetime mortgage specialist Pure Retirement have revealed that 25% of those applying for a lifetime mortgage cite home improvement as a key reason for releasing equity from their property.
As a Guildford mortgage broker and lifetime mortgage expert, we are seeing similar trends in lifetime mortgage enquiries, too.
Of course, other benefits of lifetime mortgages, such as their ability to be used as part of a strategy to clear debts and supplement retirement income are still key reasons to get a lifetime mortgage – but home improvement is certainly clipping at their heels.
Yes, we know it sounds a bit Blue Peter (for those of you old enough to remember that iconic TV show). And no, we’re not referring to self-build mortgages. What we’re actually referring to is equity release mortgages – or lifetime mortgages, as we’ll be referring to them here. Recent figures...