Four in Ten New Lifetime Mortgages Taken Out by Owners of Detached Homes in Q1 – Pure Retirement

22 April 2026

Analysis by lifetime mortgage lender Pure Retirement has shown that more than four in ten (43%) new lifetime mortgages were taken out by owners of detached properties, marking a slight rise on an annual basis from the 41% seen over the same period in 2025.

Owners of semi-detached properties accounted for 35% of new lifetime mortgage activity in the first three months of the year (up from 33.6% in Q1 2025), with mid-terraces representing 11.8% (down from 13.5% in Q1 2025) and end terraces 8.6% (down from 7.6% annually).

Rising average property values

The lender’s research also saw a 5% annual uplift in the average value of homes among new lifetime mortgages customers in Q1.

The value of homes among those taking out a new initial advance hit over £415,700 for the most recent quarter, up from £395,000 in Q1 2025, and up from £399,000 in Q4 of last year - an increase of 4.2% on a quarterly basis.

Widespread activity across property value spectrum

The lender’s research shows that new activity remains most prevalent among owners of mid-value properties - £250,000-£399,000 – accounting for 39% of new lifetime mortgages in Q1 and representing an 5% increase compared to the 34% seen over the same period in 2025.

While one in four – 25% - of new plans were taken out by owners of lower value homes (under £250,000), it represents a reduction from the 31% seen at the same time last year.

At the other end of the property bracket, owners of higher value homes – i.e. with a value of at least £700,000 – make up one in eight (12%) of new plans.

Speaking of the latest findings, Pure’s Head of Distribution Scott Burman says:

“These latest figures demonstrate the continued varied customer profile of those taking out lifetime mortgages in the early months of 2026, and challenges the misconception that these products are a last resort for lower socioeconomic groups. If anything, our latest findings show how these modern solutions are helping Britain’s middle classes to access their property wealth to improve their standard of living.

Ultimately with average house values rising 5% annually, 43% of new loans coming from owners of detached properties, and one in eight plans being taken out from owners of high-value homes, later life lending undoubtedly remains an effective solution for those seeking to reach their financial goals in later life, irrespective of where they sit on the economic scale.”