edeus is continuing to put all the pieces in place ahead of its launch in September and has been appointed to the lender panels of mortgage network Home of Choice and packager KGB.
The Home of Choice partnership is a recently-created network offering residential and commercial lending.
Richard Coulson, chief executive of Home of Choice, says he is convinced edeus will become "a major lending force in the industry" through its use of technology and the experience of the team assembled by chief executive, Michael Bolton and managing director Alan Cleary.
“The combination of the technology and their distribution literacy will be very powerful – I don’t think they can fail,” Couson says.
Meanwhile, mortgage packager KGB has also added the new lender - created by the former BM Solutions directors - to its panel as managing director Rachel Bancroft says she regards KGB’s deal with the lender as an endorsement of the quality of its service to both lenders and brokers.
Bancroft says: “A great deal of investment has gone into the launch of edeus, and the brand is already very well-known in advance of any product announcements. Combined with the proven strength of the new lender’s management team, we can expect to see excellent products and technology that will be highly in demand. KGB’s professional relationships with the directors at edeus in their former roles were excellent, so we are looking forward to a mutually-beneficial business partnership in future.”
As part of the deal, the lender is offering an extra procuration fee of £75 on all business submitted in 2006 paid to intermediaries who register online before its launch.
Intermediaries who register online with edeus will also earn £75 additional proc fee – on top of the lender’s proc fees – on all business submitted prior to the end of the year for completion in either 2006 or 2007.
Cleary says the lender wants intermediaries to be "up and ready from day one" of the its launch so they can start submitting cases straight away.
“To give them a real incentive, we’re giving an extra bonus to those who get in early and pre-register before launch. The £75 extra proc fee will be in addition to the market-leading proc fees edeus will be paying,” he says.
Those wishing to register should visit the lender’s website at www.edeus.eu which is now live.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Matthew West on 020 7484 9893 or email [email protected].IFAonline
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