Lifetime mortgages are increasingly being used by wealthier homeowners, according to More2life research. The data also reveals that 7% of new lifetime mortgages completed during the quarter were secured against properties worth at least £1 million. The figures also suggest that lifetime mortgages are increasingly being considered by homeowners across a wide range of property values, circumstances and financial objectives. More2life chief executive Dave Harris 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.