LiveMore comments on Equity Release Council Q1 figures

25 April 2025

Leon Diamond, founder and CEO at LiveMore, commented:

“Today’s UK Finance data shows that equity release lending has now grown for four quarters in a row, reaching £665 million in Q1 2025. While total customer numbers have dipped slightly on last quarter, they remain ahead of Q1 2024, driven by a rise in new borrowers and larger loan sizes.

“But these figures only represent equity release - one piece of the full later life lending picture, which is also showing significant growth (data from UK Finance shows the value of later life lending was £5.6bn in Q4 2024, up 38.6% compared with the same quarter a year previously).

“Later life lending is a broader market than equity release, offering everything from Retirement Interest Only and standard interest-only to capital & interest repayment and term-based borrowing to meet the diverse and evolving needs of the 50+ market. At LiveMore, we offer a full range of later life mortgage products — including but not limited to equity release — so older borrowers can explore all their options with confidence and peace of mind."