Reference Case Number: FOI9288
Freedom of Information: Right to know request:
Please provide the number of lifetime mortgages sold in Q1 2022 (broken down by amount released) please, as I understand the product sales data reports would have all been submitted by the end of April.
FCA response:
Please find below, a table which details from our Product Sales Data (PSD001), the number of lifetime mortgage sales in Q1 2022, broken down by the loan value band.
|
Loan value band |
Number of sales |
|---|---|
|
£0 - £50,000 |
5,144 |
|
£50,001 - £120,000 |
4,935 |
|
£120,001 - £250,000 |
2,474 |
|
£250,001 - £500,000 |
732 |
|
£500,001 + |
216 |
|
Grand Total |
13,501 |
The data we have provided is on lifetime mortgage sales which completed during the reporting period, in this case Q1 2022. The value of the loans shown above includes the amount of the initial advance only. It does not include any subsequent drawdowns.