The move comes having successfully concluded an in-depth due diligence process.
John Malone, managing director of PMS, commented: “We are very pleased to be the first distributor to sign up with the new specialist lender edeus. After undertaking a detailed due diligence process over several months, in which we looked at the credentials of the team, the quality of the sponsors and the company’s business plan, we concluded that edeus and PMS share many of the same values and views of today’s mortgage market. We look forward to a long and mutually beneficial partnership with edeus.”
Michael Bolton, chief executive of edeus, said: “The largest mortgage distributor in the land has shown its confidence in edeus, demonstrating the credibility we have gained in the market place even before launch. I’m delighted to have PMS on board at this early stage, and we look forward to announcing many other important distribution deals over the coming weeks.”
