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.”