Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Industry Calls for Greater Endorsement to Build Trust in Later Life Lending

A recent article by Mortgage Solutions discusses the importance of building consumer trust in the later life lending sector. The report highlights calls for endorsement from the Financial Conduct Authority (FCA) and government to help the sector become a mainstream part of retirement planning.

The article follows the Equity Release Council’s Leaders Symposium, where industry figures examined the future of later life lending. It was noted that, despite a decrease in completions in recent years, there remains significant demand for later life lending products. The sector is seen as increasingly important due to longer life expectancy, a growing population, and the decline of defined benefit pensions, making housing wealth a key asset for many retirees.

The report states that trust remains a barrier to mainstream adoption of later life lending. Many consumers still hold concerns based on the sector’s historical challenges, and advisers often need to address these perceptions in initial client meetings. The article argues that endorsement from the FCA and government—beyond mere acknowledgement—would help shift public perception and support cross-sector collaboration for holistic retirement planning.

Innovation in product offerings, such as retirement interest-only (RIO) and hybrid products, is also highlighted as important for meeting changing borrower needs. The Equity Release Council is noted for its work in raising standards, supporting advisers, and seeking greater recognition from regulators and government.

For UK letting agents and inventory clerks, the report underscores the growing relevance of later life lending and the need for trusted, regulated solutions as part of the wider property and retirement landscape.