Rates start from 5.84% with products available up to 60% LTV.

The new product, called Interest Reward, will offer discounted rates to customers who commit to a payment plan.

L&G’s API link will allow advisers to manage lifetime mortgage applications through its adviser platform.

The rate is fixed until November 2028.

The number of active customers fell by 31% in 2023 and 47% fewer new plans were agreed.

The specialist lender has increased its maximum LTV for debt consolidation purposes.

Daniel Edmondson, national account manager at Advise Wise, looks at recent innovations and ongoing rate fluctuations in the equity release market, and predicts what new figures will...

Pure Retirement is the first later life-only provider to become a member of IMLA.

L&G Home Finance has also simplified product names to help customers understand the best solution for their needs.

The list of occupations has expanded to include mortgage brokers and IFAs.