Iress has made enhancements to its equity release service on The Exchange.

The enhancements include expanded product data which means the results screen now displays new key data.

This includes the maximum available loan, the maximum Loan-to-Value (LTV), and the maximum allowable overpayment without penalty, giving advisers a clearer view of product suitability and flexibility.

In addition, there will be sorting and filtering for ‘payment term’ products. The new feature will allow advisers to filter and sort products featuring fixed-interest payment terms by length, with clear indicators showing whether payments are mandatory or linked to product incentives.

Iress has also added interest servicing modelling. The upgraded modelling screen enables advisers to accurately illustrate the long-term effects of making interest-servicing payments over a defined period, including the impact of future withdrawals – providing clients with a more comprehensive financial forecast.

The enhancements are also available to third-party integrators to enable partners such as the Premier Equity Release Club (PERC) to retrieve data and documents via the Iress application programming interface (API).

Iress head of product sourcing Jacqueline Durbin says: “We’re seeing rapid innovation across the equity release market, driven by both adviser demand and lender creativity.”

“These developments are a direct response to that change and an important step in our broader strategy to bring together residential mortgages and equity release into a single, unified, holistic advice journey.”

“Our goal is to give advisers the tools and data they need to guide clients confidently through every stage of their later-life lending decisions.”

In August, Iress said its UK business lifted revenue 12% to A$57.4m (£27.9m) in the first half of the year compared to 12 months ago, as it added broker platforms and upgraded software.