Phoebus Software comments on UK Finance later life lending data

27 February 2026

Richard Pike, chief sales and marketing officer at Phoebus Software, commented:

“The rise in later life lending announced by UK Finance reflects the growing importance of this sector within the wider mortgage market. Today’s figures show that later life lending accounted for 8% of all residential mortgage lending in Q4 2025.

“With people living longer and facing more complex financial needs in later life, these products provide a crucial solution for those looking to unlock property wealth. This is no longer a niche area, and the Financial Conduct Authority has set out plans for a focused later life lending market study.

“While some mainstream lenders are starting to offer later life products, the sector’s growth is being led by specialist lenders, and we’re hearing from our account servicing clients that they expect the market to continue to grow in 2026.”