Advise Wise has announced the addition of Newbury Building Society’s Retirement Interest-Only (RIO) mortgages to its platform.

Retirement Interest Only mortgages have become increasingly popular among older homeowners seeking to access the equity tied up in their properties without the need to make regular repayments.

Aaron Conlon (pictured), managing director at Advise Wise, said: “We are thrilled to welcome Newbury Building Society’s RIO plans to our platform. This addition aligns with our commitment to provide a diverse range of retirement financing options, empowering advisers to find the best possible solutions to their clients.

“The Newbury Building Society shares our commitment to innovation and customer service, making this partnership a perfect fit.”

Karen Smith, head of intermediary sales at Newbury Building Society, added: “We are excited to be partnering with Advise Wise and making our range of later life lending products available to intermediaries through their platform.

“The Advise Wise Platform provides advanced but easy-to- use technology, which will ensure that our tailored offerings are easily found by and accessible to more intermediaries. The partnership is a good illustration of how we combine technology with personal service to provide excellent customer service.”