Following the release of the Equity Release Council’s Q2 results, Patrick Oldham, LV= Equity Release Proposition Director, has shared his thoughts.
Patrick Oldham, Equity Release Proposition Director at LV=, said:
“It’s encouraging to see the latest figures from the Equity Release Council, which show a 10% year-on-year increase in activity compared to Q2 2024.
These results, alongside insights from the recent Fairer Finance report, highlight a growing recognition of the role housing wealth can play in helping older homeowners bridge the retirement funding gap.
Our latest Wealth and Wellbeing research found that, when asked about what matters most in retirement, respondents prioritised good health (96%), maintaining independence (95%) and financial security (95%). Notably, 92% also said that staying in their own home was important to them.
These findings echo the Equity Release Council’s latest data and the details of the Fairer Finance report, reinforcing the case for integrating housing wealth into mainstream retirement planning.
We remain committed to supporting our customers in achieving their later life goals by offering flexible, transparent, lifetime mortgage solutions tailored to their needs.”
