Legal & General Home Finance (LGHF) has announced the launch of a new later life mortgages portal.

The new portal saves time on administration and offers new product features, including access to both fixed and variable early repayment charges (ERCs) on LGHF’s flexible lifetime mortgages, and its optional payment lifetime mortgages.

Other features include greater automation and improved product functionality to help advisers take advantage of later life lending opportunities. The portal will also allow advisers to produce key fact illustrations, as well as track each stage of the lifetime mortgage application online.

Legal & General has established a phased roll-out and confirmed it will be inviting advisers to sign up and gain access to the new features in the coming weeks.

LGHF CEO, Claire Singleton, commented: “As the lifetime mortgage market continues its lockdown recovery, operational efficiencies created by technology will play an increasingly important role in helping advisers achieve the best outcome for customers.

“To help advisers fully take advantage of opportunities in this market, we have created a portal that will make a real difference to the advice process, not only saving advisers time but offering more choice and greater flexibility, so they can better support customers.

“Our goal is to help advisers protect and support customers throughout their later years, and these enhancements provide another step forward in that journey.”

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