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Edeus agrees funding deal with Deutsche

Edeus has struck a funding deal with Deutsche Bank.

Under the terms of the agreement, edeus will have access to 500m via a Deutsche Bank warehouse funding line.

This is in addition to its current facilities and allows edeus to diversify its funding base and increase its liquidity.

Ian Lonergan, chief finance officer at edeus, says: This is great news for edeus as it allows us greater choice and flexibility in how we fund our mortgage originations.

This deal means that edeus has even greater ability to take market share away from the existing lenders.

Ultimately it will mean more choice for mortgage intermediaries and consumers.”


Bank opens Mallorca branch

Banco Halifax Hispania has opened a branch in Mallorca. The bank, which has 21 branches across Spain, will open other branches away from the mainland this year, in the Canary Islands and Menorca.

Property website to take on Rightmove

A new property website is hoping to take on the likes of Rightmove and revolutionize the way estate agents market and sell their properties online. The website Zoomf was officially launched earlier this month.It is designed as a one-stop shop for both house buyers and renter, making it easier, faster and more efficient for people […]

Brian Pitt joins TFC

TFC has appointed Brian Pitt to prepare for the next stage of development in the distribution market place. Pitt was formerly a director at Beacon Homeloans and a consultant at Kensington Mortgages.He left the latter role after the lender ignored his advice to enter into the commercial sector. Andrew Brown, managing partner at TFC, says: […]

Pink gives intermediaries the chance to voice their views

Pink Home Loans has launched its fourteenth Pink 1000 index survey, which gives intermediaries the chance to voice their views on a variety of industry issues.The survey went live on June 7 2007 and is open until the June 21 2007. It includes questions on a variety of key issues within the mortgage industry, including […]


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