Advise Wise has launched a later life borrowing cost calculator to aid advisers in discussions with clients.
The procurement platform said the tool is designed to increase transparency and customer understanding of the cost implications of different equity release products.
Developed in direct response to adviser feedback, it allows agents to compare up to four lending scenarios side-by-side and make forecasts that include house price inflation, property values, initial borrowing, interest rates, fees and payment options.
Payment strategies can also be modeled, including optional payments, mandatory payments, interest payments, and interest-only payments.
The calculator includes an adjustable maturity display to avoid unrealistic long-term forecasts, future drawdown modeling to demonstrate the impact of delayed borrowing, and an interest rate stress test to show how future changes in interest rates may affect results.
Advisors can use the tool to generate charts and tables for client presentations and compliance records.
Daniel Edmondon, senior strategic partnership manager at Advise Wise, said: “Finding the right solutions for consumers starts with having meaningful conversations.
“We’re excited to provide new tools for advisors to be able to show clients the options available, helping them make informed decisions about how to achieve their financial goals in the way that works best for them.
“The latest offering highlights Advise Wise’s commitment to supporting advisers in the later life lending space and we look forward to using it as a foundation for continued growth in 2026, ensuring they have the tools and support to continue delivering the best outcomes for consumers in later life.”
