This move is effective immediately and will affect products across adverse, adverse self-cert, self-cert, buy-to-let and income buy-to-let.
The cut off time for brokers submitting last decision KFI with product and property details was reached at midnight on 5 September, however last applications for both direct and packaged business can still be submitted, as long as they are received by midnight on 12 September.
The re-price will see an average rate rise of around 0.65%, however not all products will rise.
Martin Reynolds, commercial director of edeus, said: “We are always monitoring the market and it is usual for lenders to adjust rates to reflect current market conditions. This is part of our planned generic range refresh.”
