Job losses made in Britannic re-structuring

Tony Ward, chief executive of Britannic Money, said hat it was a strategic step that will place a greater focus on intermediary business next year. Ward said: “This step uses our innovative developments in technology to deliver process efficiencies and remain focussed on our strengths of product development and selling mortgages via intermediaries.”

“By concentrating on our core business we will be equipped to hold our strong market position in 2002, which will without a doubt be an even tougher time for lenders.”