Nokkel’s platform uses technology to provide advisers with up-to-date information and valuations on an individual’s  portfolio, which will include property and other investments.

By joining the ERC, Nokkel says it is looking to work with the wider later life lending industry to make it simply and more effective to make use of property wealth in retirement.

Nokkel founder and CEO Roland Whyte says the firms was looking to combine technology and data to democratise property wealth and offer a vital resource to those approaching retirement.

Equity Release Council  CEO Jim Boyd adds: “Up to half of a retirees’ total wealth is made of residential property so it is vitally important that as an industry, we consider how we can allow for better comparison across the various asset classes.”