Loughborough Building Society has been added to the later life lending panel of Advise Wise to incorporate its borrowing into the retirement product range.

This announcement follows the recent integration of retirement interest-only plans into the Advise Wise Platform.

The society has no maximum age limit on its mortgage products and allows terms of up to 35 years.

For later life mortgages, the maximum loan-to-value is 60% and there is no minimum equity requirement.

Loughborough Building Society national business development manager Ashley Pearson says: “Advise Wise is a lending in retirement specialist and being one of a limited number of lenders on its panel is testament to how we approach and support this increasingly vital sector of the mortgage market.”

Advise Wise head of distribution Craig Faulkiner adds: “Advise Wise is thrilled to partner with the Loughborough Building Society. This collaboration allows us to provide our members with even more options for later life lending, as well as access to the building society’s outstanding reputation for customer service and ethical lending practices.”