In The Loop (ITL) Mortgages Ltd, the intermediary subsidiary of Stroud & Swindon Building Society, will close to new business when the the society merges with the Coventry Building Society on 1 September.

Linda Will , sales and marketing director of the Stroud and Swindon, will be leaving the society on 31 August.

All new intermediary mortgage applications will subsequently go through Coventry Intermediaries via its two brands – Coventry Building Society and Godiva Mortgages Ltd.

ITL Mortgages Ltd. 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 Ltd., said: “Brokers need clarity from a lender as well as competitive products and award-winning service