Britannic Money is to be rebranded Mortgage Trust on September 29th, following its acquisition by Paragon Group in June this year. It will operate exclusively in the buy to let sector, focusing on small landlords building property portfolios. It will be intermediary focused. Its new range will include a 2-year discounted rate at 4.40%, a 3-year discounted rate at 4.64% and a 1-year fixed rate at 4.69% (fixed until 31/12/04).
Group director of mortgages John Heron says: “The new Mortgage Trust is well positioned to benefit from the growing buy to let sector. It will offer flexible, competitive products and exceptional long-term value. Providing outstanding service for both intermediaries and borrowers, our dedicated and experienced team will ensure a speed and ease of transaction that is second to none. The brand will provide commitment, outstanding service, and a flexible approach to lending – all in all a relationship to rely on.”