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Judith Dow, corporate communications for KPMG, said although Edeus was still being run as a business, KPMG was actively looking for a buyer and were in talks with interested parties.

She said: "Edeus still has good quality assets hence the level of interest. Our role is to return this company to private ownership."

Dow also confirmed one member of staff had been made redundant, out of the 26 currently employed at Edeus' Wolverhampton offices. However she said no further job losses were planned.

KPMG claims all customers who are currently on the Edeus mortgage book will be unaffected by the administration announcement and their loans will continue to be serviced as normal.

Edeus launched into the mortgage market in September 2006 led by former HBoS employees Michael Bolton and Alan Cleary.

In May the lender, which was heavily reliant on the securitisation markets, announced it was closing its mortgage origination business.

Shortly after it launched an asset quality assessment service.

At the end of June, Edeus launched a "golden goodbye" offering selected borrowers attractive incentives to redeem their existing mortgage early.