As a result members of the club will have access to LiveMore’s range of retirement interest-only mortgage products.

These come with a maximum loan-to-value of 75%, and are available for remortgage applications. Purchase applications will follow in the future.

LiveMore argues that the way it assesses affordability makes its product range particularly suitable for borrowers nearing the end of a mortgage term who do not have a repayment plan in place, or who are trapped within a lender’s open or closed back book.

Stuart Wilson, chief executive officer at Air Group, welcomed the “fresh approach” that LiveMore Capital has taken, combining sensible lending flexibility with a greater understanding of older borrowers’ circumstances.

He continued: “This sector is changing, as are consumer profiles, so constant innovation is going to drive our sector forward, and everyone at Air Group is looking forward to progressing this relationship with the LiveMore team.”

Alison Pallett, director of sales at LiveMore Capital, added: “We know there is a real need for more choice and solutions for the over-55’s looking for wider options into, and during, retirement. Launching with Air Mortgage Club is a natural evolution for us, given their later life lending credentials and access to this market via their award-winning sourcing system.”