Commenting on this, he said: “edeus’ recent announcement that they will offer an 8% discount to homeowners who repay their mortgage early, has been borne out of a need to free up capital for use within other areas of their business.
“While it is an excellent idea from a business perspective, it is less so from a customers’ perspective. In such a tumultuous market, clients, especially those in the sub-prime arena, may struggle to obtain an alternative mortgage deal suitable to their current circumstances. While a cash incentive looks good on paper, it will be of no use to a customer if they struggle to find a deal elsewhere.”
