View more on these topics

Edeus delivers first 24-hour remortgage

edeus has delivered the first 24-hour remortgage completion on its London & European instant funds service with John Charcol Associates.

Alan Cleary, managing director of edeus, says: The instant funds service has been consistently delivering us a five-day application to completion cycle on remortgages over the past four months, but this is the first opportunity L&E instant funds option has had to demonstrate what its express service can really achieve.

It offers a guaranteed three-day turnaround and both the intermediary and the client were blown away with the 24-hour service received.

Simon Holdsworth, senior partner at John Charcol Associates, says: “The edeus instant offer service combined with the L&E instant funds option was incredibly useful.

I found myself needing to assist a high profile client at a time when their outlook was looking fairly bleak – Christmas was just two weeks away it would have been impossible to find them a solution.

Within two hours of walking in, my clients were able to leave my office with a firm offer in their hands.

The turnaround was so fast that the clients were visibly shocked at how quickly their outlook had changed.

As soon as the paperwork hit L&E I was impressed by how quickly matters continued to progress.

The clients couldnt believe how quickly they had received their funds.
The difference that the edeus and L&E service had made to them was tangible – it gave them options that would previously have been impossible.

Graham Clark, head of client management at London & European, says: The UK housing market is one of the worlds most competitive, and lenders are increasingly looking to provide distinct services that set them apart from their competitors.

The delivery of this first 24-hour remortgage completion demonstrates that a web-based panel management solution combined with comprehensive title insurance can help give them a real competitive advantage.


Smaller firms cause bigger problems

The first press release of the year from the Financial Services Authority gives some idea about its intentions. Some 252 mortgage firms of differing sizes were mystery shopped and the resulting report makes interesting reading.

DLA Piper joins Reita

DLA Piper has confirmed that they have become the latest member of Reita, the educational and awareness campaign behind the website. DLA Piper has become the first legal firm to join the Real Estate Investment Trusts campaign group. It has 3,200 lawyers in 62 offices in 24 countries, and incorporates an international investment practice […]

Yorkshire to focus on five and 10-year fixed rates

Yorkshire Building Society was deluged last weekend with over 400 requests for five and 10-year fixed rate mortgages, following the Bank of Englands hike in the rate of interest.Consumer demand has prompted the building society to rush out a new range of products for January 19.YBS says the highlights from the new products, include a […]

Kaszczak thought to have joined Lehmans

Louis Kaszczak is believed to have joined Lehman Brothers in a senior mortgage group role. Kaszczak, who quit his position as head of corporate distribution at RBS Intermediary Partners last October, is thought to have started work at the company last week in a position that will see him working across its mortgage brands, which […]

A bull case for US equities?

Neptune video: a bull case for US equities?

Watch Felix Wintle, head of US equities at Neptune, discuss why he believes US equities are in a structural bull market and the key factors that can drive the S&P 500 higher.

In the video, Wintle addresses the following:

• The US market and why — despite equities rising from 2009 — he believes the structural bull market only started in 2013
• Key economic and corporate factors that can drive the S&P 500 higher
• Investment themes and sectors offering exposure to the domestic recovery


News and expert analysis straight to your inbox

Sign up