This new option allows intermediaries to meet the needs of clients who may struggle to meet increased payments if base rates change on 9 November.
Alan Cleary, managing director of edeus, said: “Offering free remortgages greatly enhances the adverse range. We’re reflecting market movements, as the potential rise in base rates will put further pressure on some borrowers. Free remortgaging will offer another option to intermediaries to help clients restructure their finances. With no upfront fees to pay, any adverse clients can remortgage to edeus for free.”
“This year has seen sub-prime outstrip any other market. With such dramatic growth, it is important lenders react to movements like this.”
