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Britannic Money moves into sub-prime

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  • 05/09/2002
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Flexible mortgage lender Britannic Money has announced that it is launching the first ever current a...

Flexible mortgage lender Britannic Money has announced that it is launching the first ever current account mortgage for borrowers with impaired credit. After the first year, clients may apply for a current account and convert the mortgage to an offset product. The Flexible REStart Homeloan (FRESH) will initially be available only through the packagers All Types of Mortgages, National Guarantee and Solent Mortgage Services, but Britannic expects to be able to make the product more widely available next year. Bob Perks, business development director at Britannic, said: ‘This is a perfect mortgage for customers who want the opportunity to repair their credit rating.’


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