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Legal & General Home Finance has launched an Air Sourcing API API link that allows brokers to manage lifetime mortgage applications through the L&G Advisor Portal.
Air’s platform of more than 20,000 financial professionals, from advisors to lenders, enables advisors to find the most suitable loan products for clients.
The firms say their API helps with search by “allowing different programs to exchange information in real time.”
They add that “studies of sources and key financial indicators are automatically transferred by link and available on the platform.”
The lender says the move comes after it expanded its lifetime mortgage offer from 50 days to 90 days last month and introduced cheaper products with a 3.5% mortgage payment at age 55.
Craig Brown, CEO of Legal & General Home Finance, says: “Launching our API link on the Air sourcing platform is the first time we have connected to a sourcing site so smoothly.
“Not only will this save consultants the hassle of re-entering information, but it will also make the entire process smoother and ultimately lead to better results for clients.
“Lifetime mortgages continue to play an important role in modern financial planning, and we are constantly working to make our products more accessible to advisors.”
Air Club Managing Director Mike Taylor adds: “We are committed to finding new and innovative ways to support consultants to help them achieve successful and rewarding results for their clients by providing technological advances to automate some of the manual processes.
“For Consumer Duty, due to be implemented in the next few months, this API link will provide a single source of documentation for consultants using Air sourcing and Legal & General Home Finance.”
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