LiveMore comments on ERC data

24 July 2025

Simon Webb, managing director of capital markets and finance at LiveMore, comments:

“Today’s data from the Equity Release Council reveals a slight decline in equity release lending compared to the previous quarter. Nonetheless, the market remains on an upward trajectory year-on-year, with 14,404 new and existing customers unlocking £636 million of housing wealth.

“It’s worth noting, however, that these figures relate solely to equity release – just one component of the wider later life lending landscape, which itself is experiencing robust growth. UK Finance data shows that later life lending reached a total of £6.1 billion in Q1 2025, marking a 42.6% increase from the same period last year. At LiveMore, we’ve seen mortgage applications rise by 132% and completions by 58% across all products between January and June 2025, versus the previous year. This growth reflects our continued innovation and the broad range of mortgage products we offer.

“Later life lending goes beyond equity release, encompassing a wide variety of options such as Retirement Interest Only, standard interest-only, capital and interest repayment, and term-based mortgages – all designed to reflect the changing financial needs of over-50s. As more borrowers become aware of the breadth of choice available to them, it stands to reason that equity release may represent a smaller proportion of overall later life borrowing. At LiveMore, we provide a comprehensive suite of later life mortgage products – including equity release – empowering older customers to make fully informed decisions with confidence and clarity.”