More2Life’s new business volumes showed that 16% of lifetime mortgages completed in Q2 2026 were taken out by homeowners with properties valued at £700,000 or more, edging up from 15% during the same period last year. The data also revealed that 7% of new lifetime mortgages completed during the quarter were secured against properties worth at least £1m. More2Life said the findings challenged the perception that lifetime mortgages were primarily used by homeowners with lower-value properties. Dave Harris, CEO of More2Life, said: “Our latest data shows that lifetime mortgages are being used by a far wider range of homeowners than many people assume. “We’re seeing housing wealth play an increasingly important role in retirement planning, including among homeowners who may traditionally not have considered later life lending solutions.