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Phoebus comment on UK Finance's later life lending quarterly data
09 September 2025
Richard Pike, chief sales and marketing officer at Phoebus says:
“The overall rise in later life lending comes as the market adjusts to the recent interest rate cut and continued cost-of-living pressures. It’s clear that more borrowers are turning to later life products to unlock flexibility and financial stability in retirement.
“For lenders, the challenge is meeting this demand efficiently and responsibly. Having the right technology in place to manage complex products, reduce costs and stay agile will be key to delivering good outcomes for older borrowers in a fast-changing market.”
