In order to mitigate last week’s BBR rise, edeus has dropped the rate on its 90 per cent loan-to-value (LTV) two-year buy-to-let tracker by 0.25 per cent. This means that despite the recent rate rise, the required rental yields on this product have not increased.
The self-cert scheme now includes four additional two-year trackers, with a 90 per cent LTV two-year tracker at 5.89 per cent and an arrangement fee of 1.50 per cent and an 85 per cent LTV two-year tracker at 5.79 per cent with an arrangement fee of 1.25 per cent.
Alan Cleary, managing director of edeus, said: “We have launched very competitive products that position us amongst the best in the market place. Some of the products come with the lowest initial margins that edeus has ever offered and will give great value to brokers and borrowers.”
Meanwhile, edeus has also appointed Nicola Severn as head of PR with immediate effect.
Nicola joins edeus from Beacon Homeloans where she held the position of marketing manager. Prior to this, Nicola spent over six years with buy-to-let lender, Paragon.
Commenting on the appointment, Cleary said: “Nicola has worked for a variety of lenders and has a high profile in the mortgage sector. We feel she is the ideal fit for edeus and will help drive our communications forward.”
Severn added: “The edeus brand is legendary in the industry and I am delighted to have joined the company at such an exciting time. At the forefront of technology and service innovation, edeus is committed to championing the intermediary cause and I am very much looking forward to working with the team to build further upon the success already achieved.”
