Legal & General Mortgage Club has added Canada Life and Just to its later life panel.
Through Just’s proposition, panel members can access lifetime mortgage products for their clients which provide an option to pay some or all of the monthly interest, helping borrowers manage the overall cost of the loan amount.
Canada Life’s retirement proposition offers lifetime mortgages that can be secured on people’s main residence or second home. There are also solutions where borrowers can choose to make interest payments, service the capital and interest, or simply let the interest roll-up.
Paul Hopton, key relationship manager at Legal & General Mortgage Club, said: “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.”
This post has originally been featured in Property Wire.