Monday, Sep 28, 2009

Equity release providers now getting squeezed out of market

Moneymarketing: Saffron latest to pull out of equity release

Saffron Building Society has become the latest equity release provider to temporarily pull out of the sector. Money Marketing understands that the provider has chosen to pull its lifetime mortgage range for the rest of the year after it reached a satisfactory level of lending. Its website says its equity release proposition is "under review". This comes after both Coventry Building Society and Retirement Plus revealed they were to temporarily cease equity release lending. Also, multi-tied advisers Newcastle Building Society Equity Release Advisers and In Retirement Services have ceased doing business over the last two months.

Posted by jack c @ 11:12 AM (564 views)
Add Comment
Report Article

No comments have been submitted.

Be the first person to add your comment by completing the form below.

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines
Username  
Admin Password
Email Address
Comments

Main Blog | Archive | Add Article | Blog Policies