
Equity Release lending up 4% in Q2, data reveals
Data showed total lending rose to £597m, a 4% rise on the previous quarter’s £574m.Â

Data showed total lending rose to £597m, a 4% rise on the previous quarter’s £574m.Â

Godfrey brings more than 40 years of experience from financial services, Government and public policy.Â

The summit will bring together senior figures from financial services, pensions, banking, regulation and Government to look at the future of retirement finance.Â

Data revealed that lending was also down 14% year-on-year, while total customer numbers dropped to 12,958.

The Council said Tracy Gorbutt-Powell’s appointment will help strengthen governance, oversight and policy as it expands its remit across the later life lending market.Â

Thomas Francis will take part in a dedicated regulatory session at the Equity Release Council’s Later Life Lending Summit.

Total lending increased from £2.3bn in 2024 to £2.57bn last year.

The Equity Release Council has promoted Kelly Melville-Kelly to deputy chief executive as part of a senior management restructure designed to support its expanded remit across later life lending.

Dave Harris, CEO of more2life, discusses the latest figures from the Equity Release Council, and what they mean for the wider industry.

The hub is designed to help firms in the market handle customer vulnerability with practical tools and shared insights.Â

Data from the Equity Release Council showed that while the number of plans was down 9% on the quarter, customers released higher amounts on average.Â

The Equity Release Council has appointed Caroline Barr as independent non-executive director to support its strategic growth and uphold high standards in the later life lending market.
Press Esc to close.
