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Edeus announces Deutsche Bank funding deal

Edeus has announced a deal with Deutsche Bank that will give them access to £500m via a Deutsche Bank warehouse funding line, allowing the diversification of its funding base and an increase in liquidity.

Edeus chief financial officer Ian Lonergan says: ‘This is great news for Edeus as it allows us greater choice and flexibility in how we fund our mortgage originations.

“This deal means that Edeus has even greater ability to take market share away from the existing lenders. Ultimately it will mean more choice for mortgage intermediaries and consumers.”

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