
What is later life lending? (And why the definition is changing)
Later life lending is the term used to describe mortgage borrowing designed for older homeowners, typically covering products like retirement interest-only (RIO) mortgages, lifetime mortgages, and standard mortgages that extend into or beyond retirement age. It's traditionally been associated with borrowers aged 55 and over. I've spent years working in this space, and I think that definition, while useful as a starting point, no longer reflects who actually needs these products or when they need them.















