High-LTI lending accounts for nearly half of mortgage advances
Data from the Financial Conduct Authority (FCA) and Bank of England showed high-loan-to-income (LTI) lending increased year-on-year, rising from 41.4% in Q2 2025.
The growing reliance on longer mortgage terms to counteract affordability pressures could leave homeowners facing greater financial uncertainty later in life, according to Jinesh Vohra, CEO and co-founder of Sprive.
Speaking on Twenty7tec’s ELEVATE podcast, Vohra raised concerns about borrowers taking out mortgages over 30 or 40 years to minimise monthly repayments.
Sprive has previously highlighted that two-thirds of under-30s were on mortgage terms between 30 and 40 years.
The app enables homeowners to make mortgage overpayments using rewards earned from everyday spending, alongside tools designed to help customers understand their mortgage and the potential impact of paying it off sooner.
Vohra said: “I think it’s very important that people understand the cost of debt, because it’s not just about meeting the monthly payments. You have to be able to do that over the entire lifetime of the mortgage.”
Industry, not regulation, must lead later life lending change
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Industry focused on new business
Vohra also noted that the mortgage industry traditionally concentrates on securing new business and remortgage transactions rather than maintaining regular contact with customers throughout the lifetime of their borrowing.
He continued: “If you are interacting with that customer every 2-5 years, when they’re effectively looking to refinance, how strong is that relationship?”
Vohra questioned whether enough was being done to educate homeowners about the long-term implications of extending their mortgage term.
