Phoebus comment on Equity Release Council data

25 April 2025

Richard Pike, chief sales and marketing officer at Phoebus:

“The rise in equity release lending confirmed in the Equity Release Council’s Q1 2025 report paints a clear picture of a sector coming into its own to meet the needs of older homeowners. With £665 million of equity accessed in Q1 of 2024, a 32% increase year-on-year, it’s a signal that housing wealth is becoming more of a mainstream solution in retirement planning.

“Four consecutive quarters of growth and a notable rise in average loan sizes suggest homeowners are increasingly turning to equity release to navigate financial challenges, repay mortgages, or fund lifestyle changes. With many older homeowners still navigating high living costs and interest-only mortgage maturities, tapping into property wealth is no longer a last resort – it’s becoming a strategic choice and intermediaries and IFAs should be giving this product full consideration when it comes to planning for later life requirements.”