As a consequence, Paragon has announced that it will be restructuring the Britannic Money business in Epsom, Surrey.
Paragon will be combining duplicated functions at the Group's head office in Solihull for all but the staff involved in new business originations. This will result in up to 160 redundancies in Epsom, primarily over the next three to six months. 70 new positions are anticipated in Solihull and
approximately 65 positions will be retained primarily in the new business area in Epsom.
These 135 roles will resource the launch and development of Mortgage Trust focused on buy-to-let products for landlords developing their portfolio. Mortgage Trust will be headed up by John Heron, Paragon's Group Director of Mortgages.
