LiveMore responds to quarterly ERC data

05 November 2025

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

“Today’s data from the Equity Release Council reveals a positive increase in borrowing, with £639m lent this quarter, up from £3m on last month and £24m on Q3 last year. Average loan sizes also increased significantly across both new and existing customers. However, a decline in the total number of plans this quarter highlights that many individuals are waiting for greater rate stability – as is the case in the wider mortgage market.

“But it is worth nothing that equity release is just one piece of the later life lending puzzle. There is a myriad of other later life lending options available to over-50’s, including Retirement Interest Only, standard interest only, capital and interest repayment, and term-based mortgages. In Q2, the Later Life Mortgage Lending Update from UK Finance showed both the value and volume of this wider later life lending category was up year on year.

“We can no longer look solely at equity release borrowing as an indicator of growth in the wider later life lending market, as with a greater understanding of their options, many are now looking to alternative products that better suit their needs.”