View more on these topics

New home for edeus

Specialist lender edeus has moved up the property ladder into new offices dubbed edeus house.

The space now hosts all Wolverhampton based employees, and offers a number of greatly improved facilities including; extra car parking, increased desk space, a team breakout area, more meeting rooms and enhanced private office facilities.

Built and designed specifically to for the firm, the newly constructed building is situated in a business park adjacent to the lender’s original headquarters.

Edeus says that the unveiling is a sign of the company’s long-term commitment to the market and its belief in the strength of its offering.

The new head office has plenty of space for a growing workforce and it is the company’s full intention to take advantage of the market when conditions improve.

Michael Bolton, chief executive officer of edeus, says:”It’s a hard time for the mortgage industry at the moment so it’s great to be able to share some good news. Our new offices are superb and I’m sure the team will settle into their new home very quickly.

“This development plays testament to the fact that edeus has every intention of remaining in the market for the long term. The key in this environment is to keep an open mind, remain flexible, and utilise any opportunities that may arise. This is what we intend to do and we are certain that the future for edeus is very bright indeed.”

Recommended

Three-card trick for brokers’ business

It’s clear that a lack of liquidity, slowing house prices and tightening criteria will be defining characteristics of the market this year.

Over 20% of sub-prime cases can’t be placed says RAMP

John Rice, managing director of the Regulatory Alliance of Mortgage Packagers says it is unable to place around 20-25% of sub-prime cases, as lenders struggle to stay in the market.He says: “We find that brokers in prime land are relatively untouched, however, in sub-prime land a massive amount of cases just can’t be placed when […]

SPF reports record results for 2007

Savills Private Finance says 2007 was a record year for the brokerage with underlying profit before tax rising by 16% from £4.4m in 2006 to £5.1m.Despite the market downturn in the second half of 2007, it says that revenue increased by 11% in 2007, rising from £26.9m in 2006 to £29.8m in 2007. Margins also […]

Praxis joins PMPA

Specialist packager Praxis has joined the Professional Mortgage Packagers Alliance. Vic Jannels, chairman of PMPA, says: “We look forward to the growth it will bring to the alliance.”

Newsletter

News and expert analysis straight to your inbox

Sign up