edeus launches buy-to-let product

Edeus has launched a buy-to-let product based on its BLA13 product.

The product is available up to 90% LTV at 100% rental coverage based on pay rate which is 0.74% over Bank of England base rate for two years.

This gives a pay rate of 5.99%.

There is an 1.5% arrangement fee and early repayment charges are 5% in years one and two.

The product code is BLB17.

Alan Cleary, managing director of edeus, says: 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 base rate instead of LIBOR and a reviewing of our biggest selling buy-to-let product.

Who knows what we will do next week.