Equity release Lending down in Q1 - Phoebus Software reaction

05 May 2026

Richard Pike, Sales and Marketing Director at Phoebus Software:

“The fall in equity release lending in Q1 reflects a pause rather than a pullback, as later life borrowers delay major financial decisions in response to continued UK and global economic uncertainty. Enquiry and application levels remain relatively resilient, but fewer cases are progressing to completion as customers take more time to consider their financial options.

“This is to be expected during periods of instability. Accessing wealth from your property is a major financial decision that needs to be considered very carefully. Adviser feedback pointing to a stronger pipeline suggests that activity could begin to recover as confidence stabilises.

“Later life lending remains a strategic growth area for lenders, requiring specialist technology rather than legacy mortgage systems. With long term, complex products such as lifetime mortgages, robust servicing infrastructure, strong data and clear customer communications are critical. Lenders that use this period to strengthen their technology and operational foundations will be better positioned to respond quickly as delayed demand returns.”