Phoebus comment on ERC quarterly data

24 July 2025

Richard Pike, chief sales and marketing officer at Phoebus:

“While equity release lending dipped slightly quarter-on-quarter in Q2 2025, the year-on-year growth points to continued confidence in this segment of the market. The increase in average loan amounts and the growing popularity of flexible products like drawdown reflect how equity release is evolving to meet more complex customer needs.

“As the data shows, economic conditions and policy changes – including stamp duty reforms and seasonal factors – are having an impact on borrowing patterns across the board, not just in the later life market.

“In a more challenging lending environment, reducing operational costs and increasing efficiency through automation is more important than ever. At Phoebus, our technology is designed to support complex lending scenarios while driving down the cost to serve – giving lenders the agility to adapt to market trends and continue offering the flexibility today’s borrowers expect.”