Legal & General opens later life mortgage portal | Mortgage Strategy

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Legal & General has opened a new portal aimed at advisers whose clients are looking for later life mortgages.

Product features offered through the platform include fixed and variable early repayment charges, flexible lifetime mortgages, and optional payment lifetime mortgages.

Advisers will also be able to access L&G’s retirement interest-only mortgage, launched in mid-April this year and made available only to its mortgage club members.

The portal will be rolled out in phased fashion, with certain advisers invited to sign up and use it “over the coming weeks.”

Legal & General Home Finance chief executive Claire Singleton says: “As the lifetime mortgage market continues its lockdown recovery, operational efficiencies created by technology will play an increasingly important role in helping advisers achieve the best outcome for customers.

“Our goal is to help advisers protect and support customers throughout their later years, and these enhancements provide another step forward in that journey.”


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