Its members can access the Family’s range of mortgages for those in later life including owner-occupier repayment mortgages, available up to a maximum age of 95 at the end of the term.
Last month the society launched a range of three retirement interest-only (RIO) products allowing borrowers to free up equity in their property with monthly interest payments. These products are only available to club members via AIR Prestige.
Gary Little, commercial director at Air Group, said: “Working with a lender like the Family means we can broaden product availability to our members and also continue to educate the wider advisory community about the opportunities that exist in the later life sector, not just around the mortgage but also in terms of all the product needs this demographic of clients have.
“There is growing demand for later life advice and, by working with the Family Building Society, we hope to inspire more activity in this area and to ensure that later life clients know exactly where they should go to secure quality, professional advice.”
Keith Barber, director of business development at Family BS (pictured), said the team was pleased to be working with Air Group, recognising that older borrowers need a holistic approach to finance and mortgages.