As a result of the addition of the two later life firms, there are now more than 90 lenders on the club’s panel.

L&G said that the two lenders would provide the club’s advisers and their customers with a wide range of later life solutions, noting that Just’s proposition includes lifetime mortgage products which include the option to pay some or all of the monthly interest, while Canda Life’s range includes the option to secure a lifetime mortgage against either a main residence or second home.

Paul Hopton, key relationship manager at Legal & General Mortgage Club, said: “We are delighted to announce that Canada Life and Just are the latest companies to join our lender panel. Both lenders play a major role in the later life market and their addition to our proposition brings even greater choice to advisers using Legal & General Mortgage Club. We look forward to working together with Just and Canada Life as we continue to develop our Later Life proposition in support of advisers across the UK.”

Les Pick, head of sales, home finance at Canada Life added: “As increasing numbers of homeowners recognise the important role property wealth can play in retirement planning, it’s more important than ever to work closely with advisers to ensure that they are suitably equipped to help meet customers’ individual needs. We look forward to working with Legal & General Mortgage Club to help achieve this.”