Coventry pulls out of equity-release sales

Jones, Lee
September 2009
Money Marketing;9/3/2009, p10
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.


Related Articles

  • Lenders should pay extra if they slip up on service standards. Melling, Brian // Mortgage Strategy;5/21/2012, p018 

    The article discusses the need for mortgage lenders to pay brokers extra if they fail to meet service standards. Information is presented on the case of Coventry Building Society wherein an application has been allocated to the wrong system. The requirement from lenders for brokers to adhere to...

  • Coventry fills gap in the market. Paterson, Kevin // Money Marketing;2/16/2006, p38 

    The article focuses on the offer of self-certificate fixed-rate mortgage available for loans by Coventry Building Society in Great Britain. The target of the company is the self-employed. This offering will allow independent financial advisors to provide mortgage funds of up to 75 percent for...

  • Mortgage with more.  // Money Marketing;7/8/2004, p53 

    Provides information regarding Moregage, a fixed-rate mortgage combined with unsecured personal loan, from Coventry Building Society in Great Britain. Description of Moregage; Views of Brian Pack Financial Services proprietor Brian Pack regarding the Moregage; Broker ratings.

  • Brokers bring in business at booming Coventry. Jones, Lee // Money Marketing;8/28/2008, p8 

    The article reports on the 24% increase in net mortgage lending of Coventry Building Society due to brokers in Great Britain. The author stated that in the first half of 2007, the mutual's net lending of the company has increased to £851m from £706m. In addition, the profits for the group...

  • Coventry's mortgage lending up 14% in 2011. Norman, Tessa // Mortgage Strategy (Online Edition);3/1/2012, p5 

    The article reports on the increase in gross mortgage lending posted by Coventry Building Society for the year 2011.

  • Advisers praise Coventry as it lays down challenge with proc fees rise. Ray, Devraj // Mortgage Strategy (Online Edition);1/8/2014, p11 

    The article reports on the decision of Great Britain-based lending institution Coventry Building Society in raising its procuration fees starting January 1, 2014.

  • Gross lending by Coventry rose 14% to hit £4bn in 2010.  // Mortgage Strategy;3/5/2012, p11 

    The article reports a 14 percent increase in Coventry Building Society's gross mortgage lending to 4 billion British £ in 2011.

  • Coventry BS increases new lending by 33%. Brennan, Henry // Mortgage Strategy (Online Edition);8/10/2012, p5 

    The article reports that Coventry Building Society increased gross mortgage lending by 33 percent and posted record profits of 18 percent during the first half of 2012.

  • Coventry new lending grows 33%.  // Mortgage Strategy;8/13/2012, p5 

    The article reports that Great Britain's Coventry Building Society increased new mortgage lending by 33% to 2.5 billion pounds year on year from 1.9 billion pounds in the first half of 2011, noting that at 21.9%, the society's Core Tier 1 ratio remains the highest reported by any building society.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics