You are here: Home - News -

Family Building Society partners with Equity Release Club

  • 18/01/2017
  • 0
Family Building Society partners with Equity Release Club
The Family Building Society has teamed up with the Equity Release Club to offer its full range of later-life mortgage products.

The products have been added to the club’s sourcing system, AIR, which lists equity release and retirement lending products.

The Family offers mortgages for older borrowers as an alternative to equity release, for example, lending up to a five-year term for an 89-year old and up to a 16-year term for a 70-year old.

Cammy Amaira, head of intermediary sales at Family Building Society, said: “Later-life borrowers need access to lenders that don’t judge their application purely on their age alone.”

The building society takes into account a client’s earned income up to age 70 and pension income beyond this. The society recently launched its interest-only Retirement Lifestyle Booster product that pays a fixed sum every month for 10 years.

The client pays a set amount each month to cover the ‘average’ interest due and, at the end of the 10 years if the client has made all the payments, the amount owed is the same as the initial amount borrowed. Clients are then able to repay the loan by selling their home and downsizing so as to be mortgage free.

AIR Sourcing, the Equity Release Club and the Later Life Academy are part of the Answers in Retirement Group.


There are 0 Comment(s)

Comments are closed.

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
Conor Murphy Capricorn Financial
Mortgage broker CEO launches end-to-end retention platform for advisers

Capricorn Financial Consultancy CEO Conor Murphy has launched an end-to-end mortgage platform which aims to help advisers retain clients and...