Legal & General Home Finance has today announced an update to its lifetime mortgage offering that includes two products with new LTV bands and a fresh way of identifying LTV levels with colours that reflect how no two retirements are the same.
7 Mar 2019
The changes are in response to feedback from advisers and provide even more options to help them offer a tailored solution for their clients’ retirement needs.
The two additional lifetime mortgages with new LTV bands include a Flexible drawdown option and an addition to the retirement lender’s innovative Optional Payment Lifetime Mortgage (OPLM) range. OPLM was launched by Legal & General last year, giving customers the opportunity to unlock housing equity but continue to make monthly interest repayments in retirement.
Steve Ellis, CEO, Legal & General Home Finance: "At Legal & General we’re committed to helping customers enjoy the retirement they’ve always wanted, whatever their plans may be. Today’s retirement is far more diverse than the stereotypes would have us believe and consumers want options that are tailored to the life they want to lead when they retire."