More people are borrowing into their retirement to help out with debt consolidation and meet day-to-day living costs.

The transaction includes mortgages that extend into retirement age.

Aaron's career spans over a decade in the financial services industry.

The maximum age limit for later life mortgages is now set at 90.

There has been a 29% increase in the number of people in their 30s taking out new mortgages which run on past pension age.

The projected median age of a first-time buyer at maturity now at 65 years old, up from 56 in 2005.

A range of factors, including rise in supplier costs and delivery timetable being extended by two years, have increased the programme’s estimated cost by 23%.

Buckinghamshire’s later life products are now available through the Advise Wise platform.

Launched in April, the plan is open to applications for customers aged between 55 and 84.

The new process makes it easier for advisers to navigate through search results and filter options.