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Equity release market returns to growth: ERC
['Leah Milner']
Mortgage Strategy
Equity release lending returned to growth in the second quarter, rising 4% to £597m, according to the Equity Release Council.
Although lending and customer activity remained below Q2 2025 levels overall, the council says the latest figures suggest confidence is returning following a softer first quarter.
Equity Release Council chief executive officer Jim Boyd says: “It is encouraging to see this increase in activity despite the inherent challenge of continuing domestic and international uncertainty.
“The FCA recently described later life lending as a fourth pillar alongside pensions, savings and investments.
“The increase in new customers demonstrates a continued willingness to turn to housing wealth for the first time to achieve later life financial goals.