Legal & General Home Finance has launched an application programming interface link on the Air sourcing platform, allowing brokers to manage lifetime mortgage applications through L&G’s adviser portal.
The Air platform — which has over 20,000 finance professional members, from advisers to lenders — allows advisers to search the most up-to-date later life lending products for clients.
The firms say their API helps searches “by allowing different pieces of software to share information in real-time”.
They add that “sourcing and key financial indicator research is automatically transferred through the link and is accessible on the platform”.
The lender says the move comes after it extended its lifetime mortgage offer validity from 50 to 90 days and introduced lower-priced loan-to-value products, from 3.5% at age 55, last month.
Legal & General Home Finance chief executive Craig Brown says: “The launch of our API link on the Air sourcing platform is the first time we’ve linked in such a seamless way with a sourcing site.
“Not only will it save advisers from having to rekey information, but it will also make the overall process smoother and ultimately lead to better customer outcomes.
“Lifetime mortgages continue to play a significant role in modern financial planning, and we are working constantly to make our products more accessible to advisers.”
Air Club managing director Mike Taylor adds: “We strive to find new and innovative ways to support advisers to help them provide successful and good outcomes to their customers by providing technological advances to automate some of the more manual processes.
“Looking towards Consumer Duty, which is to be implemented in the next few months, this API link will provide a one-documentation source for advisers using Air sourcing and Legal & General Home Finance.”