Advisers will be able to use the tool to help determine the best possible outcome for their clients who will still have a mortgage when they are retired by searching a wide range of criteria including property types, tenure and adverse credit issues.

SmartrCriteria includes information from over 100 lenders across the residential, buy-to-let and new build sectors to help advisers determine whether a particular lender would consider a mortgage application from their client.

It was launched in January 2019 and since then Legal & General Mortgage Club has sought feedback to make improvements to the tool. More than 6,000 advisers have registered to use the system, which is free for Legal & General Mortgage Club members throughout 2020.

Following the launch of the system which draws on a decade of Mortgage Club data, the number of lender criteria outcomes has grown from 384,000 to 606,015, significantly increasing the system’s depth.

Legal & General Mortgage Club will continue to make further improvements to the tool and from this month lenders will also be able to update the system directly, ensuring that advisers using SmartrCriteria have the most up to date information available.

Kevin Roberts, director of Legal & General Mortgage Club commented: “It’s been a year since we launched SmartrCriteria. Since then, we’ve listened to our members and focused on continually evolving the tool. This is now a rich database with more than 600,000 lender outcomes, providing a smarter way for advisers to keep on top of lender criteria changes and easily find the right mortgage for their clients.

“With the addition of later life lending, our members will now be able to easily find the right solutions for clients who are retired.”