The introduction follows the recent API integration with Legal & General Home Finance.

Existing customers can now access further advances up to the age of 90.

A new navigator tool will outline growing range of solutions for later life customers, helping advisers triage customers effectively.

In addition to the higher LTVs, the product is now available to applicants aged 60 and above, and on both single and joint life basis.

30% have or plan to use pension savings to pay off their mortgage.

The Manifesto will call upon UK mortgage professionals to follow several core tenets.

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.