Legal & General Mortgage Club has added OneFamily to its direct to lender Later Life Lending Panel.
Launched earlier this year, Legal & General’s Later Life Lending Hub is a tool which aims to support Club members in offering a holistic service to customers who are progressing through the later life mortgage journey, whether direct to lender or via a master broker.
The Later Life Lending Hub caters for advisers in the retirement lending sector, providing them with the latest market news, including references to mainstream and lifetime lending, equity release and the latest in product innovation. The hub also provides educational support that advisers can access.
Jeremy Duncombe, director of Legal & General Mortgage Club, said: “I am very pleased to announce that OneFamily will be joining our Later Life Lending Hub. It is testament to the strength of Legal & General Mortgage Club that another integral lender has chosen to work in partnership with us.
“With the rise in popularity of lifetime mortgages and other retirement lending products, it’s really encouraging to see that a growing number of brokers are recommending these products as a means of funding retirement.”
Jon Tweed, sales director at OneFamily Lifetime Mortgages, added: “We are delighted to be partnering with Legal & General Mortgage Club on its Later Life Lending Panel. The Mortgage Club understands the changing needs of customers entering retirement and the importance of considering all available options, be it a residential mortgage or a lifetime mortgage.
“As the later life lending sector enjoys record growth, we want to ensure advisers are able to offer flexible lifetime mortgage products to suit their clients’ variable needs. That’s why we aim to offer customers a range of payment options with no affordability criteria, fixed early repayment charges and a choice of fixed or variable interest rates.”
