L&G launches Later Life Lending Hub

The Hub will provide advisers with educational support, the latest market news, and the latest in product innovation.

The hub panel already offers adviser referrals to Key Retirement, Age Partnership, Bower Retirement and Responsible Life. It has now added four new lenders to its direct offering: Legal & General Home Finance, Hodge Lifetime, Pure Retirement and More2Life, and said it plans to add more lenders soon.

Jeremy Duncombe, Director, Legal & General Mortgage Club said:

“The launch of this hub is an exciting new development for Legal & General, and one that both advisers and customers will benefit from. Many people are now entering the mortgage market later, and as a result a number of mainstream lenders have adapted their Later Life criteria and maximum lending ages. This hub aims to help these borrowers navigate what can seem like a complicated process when it comes to managing their financing, and therefore enables them to consider later life lending as a viable option.”