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Friday, November 22, 2019

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Nottingham Building Society joins Air Mortgage Club retirement lending panel

Sam Monk | 16:40 Monday 4th November 2019

Air Mortgage Club has added Nottingham Building Society to its retirement lending panel.

The building society’s retirement lending proposition — which includes RIO products for borrowers over the age of 55 — can now be accessed by members of the Air Mortgage Club.

Clients can borrow up to 40% of the value of their home under Nottingham Building Society’s five current RIO products. 

These include four fixed rate deals — a two year fixed at 3.40%, a three year at 3.34%, a five year at 3.55% and a seven year at 3.85% — plus, a two-year discount at 2.99%.

“The breadth and depth of the later life/retirement lending market is growing with each month and it’s important that we provide members of the Air Mortgage Club with access to the wide range of lenders that are now active in this sector,” said Gary Little, commercial director at AIR Group (pictured above).

Nikki Warren-Dean, head of intermediary sales at Nottingham Building Society, added: “We look forward to opening up this opportunity to work with [Air] to help brokers understand our RIO offering and how it can benefit some of their clients.”

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