The client is free to repay their lifetime mortgage in full at any point without incurring an ERC.

Members can now become Later Life Lending Accredited Advisers.

The guides will cover topics including estimating property values, help with legal process requirements, and lending criteria.

Rates have reduced across lifetime mortgage, standard capital & interest, standard interest-only and RIO products.

The Council hopes that the guidance will help move the conversation on green home finance forward. 

L&G has removed the requirement for one borrower to be employed when applying for PTLM.

The Emerald lifetime mortgage range now offers reduced rates, LTVs up to 47%, and a maximum age of 90.

Paying off debts and mortgages has fallen to the lowest recorded level of 21%.

An applicant aged 70 can access LTVs up to 38%, and applicants from age 80 can access LTVs up to 48%.

The products are the first to be launched by Responsible Lending since Royal London acquired the Responsible Group.