Legal & General Home Finance announces new strategy supporting brokers in retirement lending sector

• Legal & General Home Finance has announced it plans to invest in supporting the intermediary mortgage sector to develop the retirement lending space
• New research has identified opportunities for advisers to talk to interest-only clients about retirement lending
• Follows a new partnership with Virgin Money where Legal & General’s lifetime mortgages will be offered to interest-only customers

The retirement lender’s new strategy, which will be launching November, follows recent announcements underpinning Legal & General Home Finance’s commitment to the mortgage sector and to helping address the interest-only shortfall. These include the launch of the Optional Payment Lifetime Mortgage (OPLM), a new technology partnership with Twenty7Tec and the agreement with Virgin Money to offer advised lifetime mortgages to the bank’s interest-only customers.

Legal & General Home Finance also recently appointed Marie Catch as Head of Mortgage Broker Sales, with a remit to bring more mortgage brokers into the retirement lending sector. Catch is responsible for broadening Legal & General’s distribution profile and engaging brokers, including those who aren’t yet advising on retirement lending products. Marie will lead the implementation of this new strategy to assist and educate brokers from the very start of their journey into the later life lending sector.