Legal & General Home Finance has appointed Marie Catch as head of mortgage broker sales.
In the newly-created role, Catch will be responsible for broadening the lender’s distribution reach and engaging with brokers, including those not already operating in the retirement lending market.
Her role will also focus on encouraging brokers to provide a more comprehensive service to customers looking to borrow in later life.
Catch was previously relationship and development manager at Legal & General Mortgage Club, where she focused on developing its later life proposition.
L&G says the appointment underlines its drive to align the lifetime and mainstream mortgage markets.
Earlier this year it launched the Optional Payment Lifetime Mortgage which it says combines the flexibility of residential monthly interest payments with the long-term security of a lifetime mortgage, as customers are able to stop paying interest at any time and remain in their home for the rest of their lives.
Legal & General Home Finance has also partnered with Twenty7Tec to allow its lifetime mortgages to feature on Mortgage Source.
L&G Home Finance chief executive Steve Ellis says: “Marie is already highly regarded amongst brokers and lenders in the industry.
“She has done a fantastic job at Legal & General Mortgage Club in recent years, supporting the growth of the retirement lending sector encouraging more advisers to join this growing market and helping lenders to build their propositions.
“Marie clearly recognises the importance of creating more flexibility and choice for customers borrowing in retirement and I’m delighted to welcome her to the Legal & General Home Finance team.”
Marie Catch adds: “From the reclassification of Retirement Interest Only to the rapid growth of the lifetime mortgage market, this is a really exciting time for the Retirement Lending sector.
“The mainstream and lifetime mortgage markets are now closer together than ever before, and this is great news for older homeowners who want flexibility and choice in how they borrow in retirement.”
Catch starts in her new role on July 9.