Legal & General (L&G) is to buy equity release provider New Life Home Finance (Newlife) for £5m.
Newlife, founded in 2003, manufactures and provides lifetime mortgages which allow homeowners to raise cash against the security of their property. L&G said it would become the sole funder of new lifetime...
Has been cold-calling consumers
New shares admitted to London Stock Exchange
Slow and steady growth
Missed funding target by £240,000
Denies any wrongdoing