Standard Life Home Finance comment on Equity Release Council Q1 2025 data

25 April 2025

Phil Quinn, Head of Sales, Standard Life Home Finance

“The increase in the average lump sum released takes it to levels last seen before the disastrous mini-Budget, which is a good indication of confidence returning to the later life market. However, it also highlights the increased costs that people are facing in later life, given the significant growth in the cost of living in that time, which is necessitating larger releases.

“The turbulence in markets has meant that some providers have pulled back, particularly when it comes to the maximum LTVs available. But this is changing; we recently launched two new higher LTV products on our Horizon, for example, opening up greater options for larger releases. That these products include interest reward functionality means borrowers are better positioned for managing the eventual costs of these solutions, leaving them in a far stronger position.”