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Edeus delivers first 24-hour remortgage

Edeus last week delivered the first 24-hour remortgage completion on its London & European instant funds service with John Charcol.

The lender says that while its instant funds service has been delivering a five-day application to completion cycle on remortgages for the past four months, this was the first time it had been able to show what its express L&E instant funds option could do.

Alan Cleary, managing director of edeus, says: “It offers a guaranteed three-day turnaround and both the broker and the client were blown away with the 24-hour service.”

Simon Holdsworth, senior partner at John Charcol, says: “I had to help a client at a time when the outlook was bleak. Christmas was two weeks away and it seemed impossible to find them a solution.

“But two hours after walking in, my client was able to leave with a firm offer in their hands.”


Goldman Sachs takes 17% stake in Kensington

Goldman Sachs has snapped up a 17% stake in Kensington Group on behalf of one or more of its clients.The London Stock Exchange made a notification of major interest in shares on January 23, which showed that Goldman Sachs purchased 17% of ordinary shares worth 10p each. However, John Maltby, chief executive officer of Kensington […]

Hanover appoints group CEO

Hanover House has appointed Bruce Moore as group chief executive, as it looks to expand its services. Moore will work with Hanover’s recently appointed chairman Lord Best to grow the business.

Pre-HIP deadline extended to spring 2008

In yet another government U-turn, properties that go on the market before the Home Information Pack implementation date June 1 will now be able to stay HIP-free until March 2008 rather than the original October 2007 deadline. When the government first produced the guidelines for HIPs last summer it allowed that properties put on the […]

FSA gets serious about compliance

The regulator taking action against non-compliant mortgage firms after a sector review should remind us that when the FSA looks into a subject it means business, says Bill Warren


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