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Mortgage Next teams up with edeus

Edeus has agreed to be one of the passport panel of lenders for Mortgage Next.

Mortgage Next brokers can now access any of edeus products and they will benefit from 75 in addition to edeus standard procuration fee for all cases submitted before the end of the year.

The Passport scheme offers brokers a package of benefits that not only includes access to market leading and mortgage and insurance products, but also free AirMiles.

Justine Tomlinson, marketing director at Mortgage Next, says: Were delighted to be welcoming edeus to the Passport panel of lenders. Not only can brokers benefit from edeus competitive range of products and instant online offer facility, but they will also receive 145 Airmiles and an enhanced proc fee. Im sure this offer will be popular.

Peter Charge, director of national accounts at edeus, says: The Mortgage Next Passport scheme gives brokers added value benefits in addition to competitive products and proc fees. Were happy to support this scheme by becoming a Passport panel lender.


Cooling off on sunshine deals

Conti Financial has called for a mandatory 14-day cooling-off period on overseas property deals. Simon Conn, managing director of Conti Financial, says: “Too many people run into these deals like headless chickens. Most people only get one shot at this sort of thing and these properties represent their dreams. So let them stop, go home, […]

Britannia offers 40-year mortgages

Britannia is increasing its maximum mortgage term to 40 years. Tim Franklin, managing director of Britannia’s member business, says: “As a responsible lender we looked at ways for aspiring first-time buyers to overcome affordability problems so we have revisited our policy on mortgage terms.”

Merrill takes Oakwood stake

Merrill Lynch expanded its mortgage empire last week with the acquisition of a 45% stake in Oakwood Financial, the parent company of edeus.Along with Italian investment company CIR, Merrill Lynch has sunk €300m into Oakwood, landing each investor a 45% stake in the company. The remaining 10% is held by minority inv-estors and Oakwood’s management […]

What attendees thought of the LendInvest Property Development Academy

LendInvest ran its first Property Development Academy in London last month. Attendees from all over the UK gathered to learn how to better equip themselves with the skills they need to grow their property development portfolios. Speakers from CBRE, Gleeds, Arcadis, Gowling, Residential Edge and AZ Urban Studio gave their insights into their respective fields […]


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