Coventry Building Society has announced ITL Mortgages, the intermediary subsidiary of Stroud & Swindon Building Society, will close to new business when the two societies merge on 1 September.
Linda Will, sales and marketing director, Stroud and Swindon, and ex-boss at Accord Mortgages will be leaving the society on 31 August 2010. From this date, all new intermediary mortgage applications will go through Coventry Intermediaries via its two brands - Coventry Building Society and Godiva Mortgages. ITL Mortgages will continue to serve brokers who have customers with existing ITL mortgages. Colin Franklin, sales and marketing director of Coventry Building Society and managing director of Godiva Mortgages, says: "Brokers need clarity from a lender as well as competitive prod...
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