C&G pull out of the intermediary market

Diappointing news today that Lloyds Banking Group have decided to withdraw C&G from the intermediary market, they will continue as a brand in the “direct to customers” channel, for the time being anyway.

It’s a real shame as they were a good lender with various idiosyncrasies in their criteria and friendly and approachable underwriters.

So it is unfortunate that they follow Intelligence Finance (another great lender and my own mortgage provider) out of the market giving less choice for consumers – thank you LBG/government!