BBC News - Negative equity escape deal offer

Aaron Strutt Image

The Coventry Building Society is offering existing customers in negative equity a mortgage escape route if they need to move.

Aaron Strutt, of Trinity Financial, told the BBC: "This sort of easing of mortgage criteria will help existing customers in negative equity feel less trapped in their property.

"It would be nice to see more lenders being more flexible with their customers. In some cases, it could put the bank in a better position financially."

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