A new range of mortgages has been rolled out by Legal and General Home Finance.
The company said it has made the changes to its lifetime mortgage range in response to feedback from advisers.
It will see the launch of new Pearl product variants to its flexible and optional payment lifetime mortgages.
These are expected to provide lower loan to value ratios and interest rates. A premier equivalent of the products will offer the lowest interest rates, allowing customers to borrow more.
CEO Craig Brown said: “We are constantly looking at ways to innovate and drive good customer outcomes for people looking to benefit from accessing their property wealth.
“These improvements to our later life lending range are in direct response to adviser feedback and reflect customer needs in this fast-paced market.”
The latest changes follow changes the provider made to its flexible lifetime mortgage which allows customers to make up to 12 repayments each year, up from four, and make repayments by standing order.
It has also launched an extension of the offer validity period to 90 days and reduced the minimum drawdown amount to £1,000.
tara.o'connor@ft.com
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