Legal & General Home Finance has launched a new application programming interface (API) link with software provider, Iress, allowing advisers to manage lifetime mortgage applications through its adviser portal.

The partnership with the Iress platform, ‘The Exchange’, will enable advisers to search and recommend flexible and optional payment lifetime mortgage products for their clients.

API links help improve the adviser journey by allowing different pieces of software to share information with them in real time, including for client due diligence research.

The latest move follows Legal & General Home Finance’s API link with later life lending platform, Air Sourcing, which has supported advisers in streamlining their client application processes to provide better customer outcomes.

“Lifetime mortgages play an important role in long-term financial planning, and we are working constantly to make our products more accessible to advisers,” said distribution director at Legal & General Home Finance, David Jones.

“Our seamless API link with Iress’ industry-leading portal will allow advisers to research, quote and compare clients’ later-life lending solutions quickly and easily – ultimately leading to better customer outcomes.”

Global head of product – life, pensions and mortgages at Iress, Jacqueline Durbin, added: “We’re delighted to extend Legal & General's presence on the Exchange platform to include real time equity release quotations, KFIs and applications. Lifetime mortgages are an ever-growing part of the landscape.

“Expanding our capabilities for these products and having Legal & General join is part of our ongoing commitment to the advisor community. The API-driven solution means that everything can be done from within the platform when applying for a Legal & General product, reducing friction and the potential for error, as well as making the whole process far more efficient.”

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