At the same time edeus is making the same adverse and adverse self-cert product ranges available for both packaged and direct business - all calculated on the Bank Base Rate. The ranges offer enhanced products and more choice, like a £500 cashback feature and additional lower loan-to-value (LTV) bandings from Near Prime to Heavy categories.
Alan Cleary, managing director of edeus, said: “At edeus everyone is very excited about the product launch. It is a major move in our product development and it shows our willingness to listen and respond to our business partners. We increased both the number of products available and the choice of features – enough to appeal to every type of client – so it’s well worth giving us a try.”
The last direct business applications will be accepted at midnight Friday 2 March. The last applications for packaged business will be accepted at midnight Friday 9 March.
Highlights of the Adverse and Adverse Self-Cert range include:
- £500 cashback across the range;
- Additional lower LTV bandings from Near Prime to Heavy categories;
- Enhanced rates for trackers across the ranges;
- Purchase and remortgage available on all products;
- No overhanging Early Repayment Charges (ERCs);
- £699 standard arrangement fee across the range;
- 10% capital repayments on all trackers; and
- Free property assessment on three-year trackers.
Highlights of the Self-Cert range include:
- Increased choice – double the number of products;
- No ERC deals available for every LTV;
- 10% capital repayments on all deals with ERCs;
- Free property assessment fee and remortgage legal service on all remortgage only products;
- No overhanging ERCs
