TITLE

Coventry pulls out of equity-release sales

AUTHOR(S)
Jones, Lee
PUB. DATE
September 2009
SOURCE
Money Marketing;9/3/2009, p10
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the move of the Coventry Building Society to set aside its equity-release lending due to increased costs in Great Britain. It mentions that the firm has announced that it would be withdrawing its range of lifetime mortgage and have no plans to replace it in the future. Representatives from the firm assert that they would remain dedicated to the financial sector despite not introducing a new range of products.
ACCESSION #
44384125

 

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