Twenty7tec has partnered with later life lending platform Advise Wise to help brokers meet the growing demand from older borrowers.

The move comes as new data from Twenty7tec reveals that around one in seven (15.4%) first-time buyers are now over 40, with the number of those aged 51 and over buying their first home rising by 80% in the last five years (from 2.0% to 3.6%).

By integrating Advise Wise’s equity release sourcing technology directly into  Twenty7tec’s sourcing solution, the partnership gives advisers access to a broad range of later life lending products, including lifetime mortgages.

These features are available without the need to switch tools, and the integration comes at no additional cost for existing mortgage sourcing users.

“Later in life lending often comes with a unique set of challenges for both advisers and their clients,” commented Twenty7tec commercial director Nathan Reilly.

“These range from non-standard properties and short leaseholds to income  limitations and complex priorities such as inheritance planning or voluntary  repayments, which can be time-consuming to research.

“In addition, product availability often varies depending on factors like age, property type or location. In many situations, traditional sourcing systems do not surface the  right solutions, making it harder for brokers to offer timely, tailored advice.”

He continued: “By embedding  Advise Wise’s specialist sourcing into our sourcing engine, we are equipping advisers with faster access to later life products that are often harder to find.”