Advise Wise has launched a late-life loan cost calculator to help advisers when talking to their clients.
The sourcing platform says the tool is designed to improve transparency and customers’ understanding of the cost implications of various equity release products.
Developed in direct response to advisor feedback, it allows agents to compare up to four lending scenarios side-by-side, with forecasts taking into account house price inflation, property values, initial loans, interest rates, fees and payment options.
Payment strategies can also be modeled, including optional, mandatory, interest-based, and interest-only payments.
The calculator includes a customizable term view to avoid unrealistic long-term projections, future drawdown models to demonstrate the impact of deferred loans, and interest rate stress tests to show how varying future interest rates can affect outcomes.
Advisors can use the tool to generate charts and tables for client presentations and compliance filings.
Advise Wise senior strategic partnership manager Daniel Edmondon says: “Finding the right solution for consumers starts with having meaningful conversations.
“We’re excited to provide advisors with new tools to demonstrate the options available to their clients and help them make informed decisions about how to achieve their financial goals in a way that works best for them.
“The latest offering underlines Advise Wise’s commitment to supporting later life lending advisers, and we look forward to using it as a foundation on which to build in 2026, giving them the tools and support to continue delivering the best outcomes for later life consumers.”