Advise Wise has expanded its adviser support tools with the launch of a new Cost of Borrowing Calculator, designed in response to feedback from later life lending specialists looking for clearer ways to illustrate borrowing scenarios to clients.
The new calculator allows advisers to compare up to four borrowing scenarios side by side.
It incorporates forecasting for house price index changes, property values, initial borrowing, interest rates, fees and payment choices to help advisers generate accurate long-term projections for customers.
The tool includes an adjustable term display to keep illustrations clear and realistic, along with a payment strategy simulator that models optional, mandatory, interest-serviced and interest-only payments.
Advisers can also forecast future drawdowns to demonstrate how delayed borrowing may help reduce interest roll-up, and they can stress test interest rates by inputting variable future rates to show potential risks and different market outcomes.
In addition to on-screen visuals, the calculator generates graphs and tables that can be printed or saved as a PDF for client discussions, compliance files or record-keeping.
Daniel Edmondon (pictured), senior strategic partnership manager at Advise Wise, said: “Finding the right solution for consumers begins with having meaningful conversation.
“We’re pleased to be offering advisers with new tools to be able to demonstrate the available options to their clients, to help them make informed decisions on how to achieve their financial goals in a way that works best for them.
“The latest offering underlines Advise Wise’s commitment to supporting advisers in the later life lending space, and we look forward to using it as a foundation on which to continue building on throughout 2026, ensuring they receive the tools and support to continue delivering best outcomes for consumers in later life.”
