LiveMore comments on Equity Release Council's Q4 and annual lending figures

30 January 2025

Leon Diamond, CEO at LiveMore, said:

“These are really positive numbers for the equity release sector. It is worth highlighting, though, that these figures refer solely to equity release lending and not to any of the other wider products available on the market to people aged 50 to 90 plus, such as standard capital and interest, interest-only and retirement interest-only. We offer 250 plus products to mid to later life borrowers, of which equity release is a part.

“By the end of 2024, our lending had increased 100% year-on-year, which compares favourably to the ERC’s 16% figure, supporting an innovative and holistic whole-of-market approach to later life lending. I expect this 16% figure will continue to grow in 2025 as the equity release – and later life market in general - continues to strengthen and innovate.

“As the market continues to widen and later life lending becomes increasingly mainstream, brokers will need technology and people to support them. Tools like the LiveMore Mortgage Matcher ® will sift through hundreds of solutions to suggest the best options for a broker’s customer - whether that’s equity release, a standard product or RIO, for example. This kind of AI technology assists with Consumer Duty and will speed up later life lending including equity release as we move through 2025 and beyond.”