The product is available up to 90% loan-to-value (LTV) at 100% rental coverage based on pay rate which is 0.74% over Bank Base Rate (BBR) for two years. This gives a pay rate of 5.99%. There is a 1.5% arrangement fee and Early Repayment Charges (ERCs) of 5% in years one and two. The product code is BLB17.
Alan Cleary, managing director of edeus, said: “This has been a busy week for our product team having totally revamped our self-cert, adverse and buy-to-let ranges, relaunched all packager products on BBR instead of LIBOR and a reviewing of our biggest selling BTL product.”
