View more on these topics

Edeus enters fixed rate arena with two-year deals

Edeus has stormed into the fixed rate market, launching a series of two-year fixed rate products in its self-cert, sub-prime and buy-to-let ranges.

The range, which went live last week, features rates from 6.39% on self-cert, 6.49% on sub-prime and 6.79% on buy-to-let products.

Some products are available to 90% LTV and all products have arrangement fees of £799. Early repayment charges are 6% in the first year and 5% in the second.

Alan Cleary, managing director of edeus, says: “We expect high demand for these rates as they provide brokers with maximum choice. The fact they don’t carry higher lending charges makes them competitive and I think they will suit all types of borrowers.”

Rob Clifford, chief executive of mortgageforce, says: “It’s good that edeus has entered the fixed rate market with rates that will help people who want repayment certainty.”


AToM to launch IVA proposition

Packagers are the way forward for the distribution of individual voluntary arrangements, says All Types of Mortgages.The firm is launching its own IVA proposition, backed by accountant Grant Thornton. The AToM IVA will be open to clients who owe creditors more than £15,000.The packager says the only way to clean up the industry and make […]

A case of the haves and the have nots

Forget the North-South thing – the UK is now divided between those with houses and the growing numbers who can’t afford them and Whitehall must act before things get worse, says Mel Dring

Tomorrow launches online quotations

Tomorrow has launched an online quotation system for lifetime mortgages.Brokers will be able to get quotes 24-hours a day and track the progress of their clients case from application receipt through to completion.Tomorrow will also be reducing its minimum initial advance, 25,000 to 15,000, responding to the consumer need to release smaller amounts of equity […]

TFC appoints financial director

The TFC Group has appointed Phillip Latala as financial director with responsibility for all businesses within the group.The appointment follows the recent announcement that Brian Pitt has joined the group to help develop its strategy. Pitt says: As one of the countrys leading mortgage distributors, it is important that TFC has the right people in […]

Spring has sprung

Well, it’s been lovely to see a little bit of sunshine, even if it was only a brief appearance. I live in Scotland so, believe me, it was very brief.  Of course, with even the tiniest hint of spring, thoughts turn to the inevitable clearout that must take place.  And that got me to thinking […]


News and expert analysis straight to your inbox

Sign up