Advise Wise adds Newbury Building Society Retirement Interest-Only (RIO) plans to its platform

13 June 2024

Advise Wise, a leading sourcing platform for later life lending solutions, is proud to announce the addition of Newbury Building Society’s Retirement Interest-Only (RIO) mortgages to its comprehensive suite of financial products. This strategic partnership enhances Advise Wise’s portfolio, offering advisers and their clients more options for managing finances in retirement.

With the ever-evolving needs of retirees in mind, Advise Wise continuously seeks to expand its range of offerings to ensure financial advisors have access to the most comprehensive suite of products. The addition of Newbury Building Society’s RIO range further solidifies Advise Wise’s commitment to empowering advisors with tools to help their clients navigate retirement with confidence and security.

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, Managing Director at Advise Wise, commented on the new partnership: “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, said: “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.”

The inclusion of Newbury Building Society’s RIO mortgage plans marks another significant milestone for Advise Wise, reinforcing its position as a market leading sourcing platform in the later life lending market. This collaboration underscores the platform's dedication to providing comprehensive and adaptable financial solutions to meet the evolving needs of retirees.

Newbury BS RIO plans are already available for all Advise Wise members. Qualified financial advisers can register for free on the Advise Wise Platform, by visiting www.advise-wise.com.