Reference Case Number: FOI11426
Freedom of Information: Right to know request:
Please provide:
- The value of mortgage taken out by people over the age of 66
- The value of mortgages taken out by people over the age of 70
If you are able to isolate the value of equity release mortgages, I would like you to remove this from the above requests and provide this as separate data.
I would like the data broken down for the last five 12-month periods with a year-end date of May 31. If you cannot provide data for this year end date, then please provide data for whichever year-end is used internally.
FCA response:
We can confirm that we hold this information, which can be found below. Please be aware, in reviewing the information presented in Annex A, the value of regulated mortgage sales in UK (Q2 2019-Q1 2024), is broken down by lifetime mortgages vs. non-lifetime mortgage and age of main borrower.
Please see below table setting out the value of regulated mortgage sales in the UK (Q2 2019-Q1 2024), is broken down by lifetime mortgages vs. non-lifetime mortgage and age of main borrower:
| Period | Lifetime Sales (£) | Lifetime Sales (£) | Non-Lifetime Sales (£) | Non-Lifetime Sales (£) | Total Mortgage Sales (£) | Total Mortgage Sales (£) |
|---|---|---|---|---|---|---|
| More than 66 years* | More than 70 years | More than 66 years* | More than 70 years | More than 66 years* | More than 70 years | |
| Q2 2019-Q1 2020 | 2,564,039,761 | 1,899,818,152 | 1,959,477,682 | 971,368,552 | 4,523,517,443 | 2,871,186,704 |
| Q2 2020-Q1 2021 | 2,597,896,599 | 1,947,519,272 | 1,750,956,406 | 879,302,615 | 4,348,853,005 | 2,826,821,887 |
| Q2 2021-Q1 2022 | 3,418,033,466 | 2,563,614,814 | 4,071,623,065 | 1,881,027,055 | 7,489,656,531 | 4,444,641,869 |
| Q2 2022-Q1 2023 | 3,456,946,445 | 2,572,459,402 | 4,042,938,127 | 2,031,944,768 | 7,499,884,572 | 4,604,404,170 |
| Q2 2023-Q1 2024 | 1,371,460,702 | 1,031,589,341 | 4,070,483,696 | 1,977,845,185 | 5,441,944,398 | 3,009,434,526 |
Source: FCA Product Sales Data (PSD001)
Note: data includes internal product transfers from Q2 2021 onwards.
* Please note that this age category comprises all ages from 67 years upwards.