The home reversion specialist claims the tool is more accurate than any other system that has access to Bridgewater’s rates.
The calculator allows advisors to quote on all Bridgewater’s products, navigates users through the suitability process and has been pre-programmed with all of Bridgewater’s criteria.
Chris Prior, manager of sales and distribution at Bridgewater Equity Release, said it wanted to offer its advisers greater flexibility across the product range and make the adviser’s job as easy as possible.
He said: “With our original tool advisers could simply find out the maximum release or the percentage of property needed for a partial release.
“The enhanced functionality of the new calculator means they are now able to establish what products are likely to be suitable and whether their clients’ needs fit within our parameters.”
Prior added: “A lot of the time people want to know exactly how much equity they can release and our enhanced calculator lets advisers access this information at the click of a button.
“As a forward-thinking provider, it is vital that we harness technology to our benefit to ensure the advice process is as transparent, convenient and efficient as possible.”