Legal & General Group plc

07/27/2021 | Press release | Distributed by Public on 07/27/2021 04:40

Legal & General launches Later Life Mortgages Portal

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.

To help advisers fully take advantage of opportunities in this market, we have created a portal that will make a real difference to the advice process, not only saving advisers time but offering more choice and greater flexibility, so they can better support customers.

We have also listened to advisers and introduced fixed ERCs to provide customers with greater choice but also the surety of how much they would pay in the unlikely event they need to repay the lifetime mortgage early.

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

Claire Singleton, CEO Legal & General Home Finance