The reintroduced product will be lumpsum only.
Related topic: Lifetime mortgage
Younger grandparents are more likely to turn to property wealth, indicating changing attitudes to using the home to fund family support.
Standard Life has reintroduced three products and added three new mortgages to its range.
Advice will be provided by specialist advisers operating under the Key Advice Solutions Banner.
Legal & General Home Finance has launched two new lower LTV variants to its flexible and optional payment lifetime mortgages.
Under the updated structure the product will now be available solely to those aged 80-85.