7
Sep
Coventry promises 'not to offer linked mortgage products'
Homebuyers purchasing a house for sale in the UK are likely to be
relieved to hear that Coventry Intermediaries will not try to sell
them linked loan products when they take out a mortgage.
Today (September 7th 2010), the financial services firm pledged to
offer no linked services to customers, which means that homebuyers
will not be required to take out additional products including
insurance policies that are often offered with home loans.
It stated that its main commitment is to offer good quality
mortgage products, without the tempting sale of other savings and
investments extras.
Director of mortgages at L&G Ben Thompson said: "They are
standing behind their mortgage products which will live or die
depending on how good they are and nothing more complicated than
that."
He added that the pledge will help provide "total support to
intermediaries".
This comes after mortgage provider Godiva announced its latest loan
deals, including a three-year fixed-rate loan at 3.39 per cent,
which managing director Colin Franklin said was "attractive to both
intermediaries and clients". 