The MCI Club has announced the appointment of Legal & General Home Finance to its panel.

The mortgage club suggested the move will strengthen its lifetime mortgage proposition to its members.

Recent research by the MCI Club showed that 40% of respondents saw later life lending as a “growth sector”, while 35% of principals and senior directors indicated they were actively expanding into this area.

The appointment makes L&G Home Finance the fifth addition to MCI’s later life lending proposition.

“Through L&G Home Finance, and our other providers, our members have a range of options to assist their clients and to enable choice in later life,” said MCI Club head, Melanie Spencer.

“As equity release and later life lending continue to grow, clients will become more aware of their options and will naturally look towards advisers to ensure they are getting the right solution. As a club, we are there to support our members, not only through product provision but also support services for new and veteran advisers alike.”

The products introduced by L&G Home Finance will provide a number of options for clients to flexibly realise the value of one of their largest assets.

L&G Home Finance head of mortgage broker sales, Marie Catch, added: “We offer a wide range of later life lending products to meet the variety of needs that modern retirees have.

“Joining the MCI Club panel, as well as helping further strengthen its lifetime mortgage proposition, gives us a great opportunity to reach a wide range of brokers, who we know have a growing interest in later life lending.”

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