Pure Retirement has reported that 43% of new lifetime mortgages in the first quarter of 2026 were taken out by owners of detached properties.
This represents an increase from 41% in the same period last year, with semi-detached homes accounting for 35% of new activity, up from 33.6% in Q1 2025.
Terraced properties made up a smaller share, with mid-terraces representing 11.8% of new lending, down from 13.5% year-on-year, while end terraces accounted for 8.6%, up from 7.6%.
The lender also reported a 5% annual increase in average property values among new customers, with the average home value exceeding £415,700 in Q1, up from £395,000 a year earlier and £399,000 in the previous quarter.
Activity remains concentrated among mid-value properties between £250,000 and £399,000, which accounted for 39% of new plans, up from 34% a year ago.
Lower value homes under £250,000 represented 25% of new lending, down from 31%, while properties valued at £700,000 or more accounted for 12% of new plans.
Scott Burman, head of distribution at Pure Retirement, said: “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.”