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Edeus homes in on buy to lets

Edeus has launched two semi-exclusive buy-to-let deals with 10 intermediary partners.

The products, set up last week, track bank base rate for two years and come with a rental income cover requirement of just 100 per cent.

They will be available to brokers at Fuel, Openwork, Sesame, Positive Solutions, Intrinsic, Tenet Group, Minel, The Money Centre, Home of Choice and Concordia.

This range includes a twoyear tracker product priced at 5.89 per cent with a loan to value of up to 85 per cent and for those with a higher LTV requirement, a two-year tracker priced at 5.99 per cent available up to 90 per cent LTV. Arrangement fees are 1.75 per cent and 2 per cent fees respectively.

Managing director Alan Cleary says: “It is great to be able to launch such competitive products with a number of our key intermediary partners. Even though rates have risen this year, these products still provide a very attractive buy-to-let option.

“Furthermore, the 100 per cent rental income requirement provides borrowers with the scope for securing the loan levels often required in today’s economic climate.”

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