Edeus has launched two semi-exclusive buy-to-let deals with 10 intermediary partners.
The products, which will be launched tomorrow, 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 Fuel, Openwork, Sesame, Positive Solutions, Intrinsic, Tenet Group, Minel, The Money Centre, Home of Choice, and Concordia.
This buy to let tracker range includes a 2 year tracker product priced at 5.89 per cent with an LTV of up to 85 per cent, and for those with a higher loan to value requirement, a 2 year tracker priced at 5.99 per cent available up to 90 per cent LTV. The products carry arrangement fees of 1.75 per cent and 2 per cent fees respectively.
Managing director Alan Cleary says: “It’s 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. I’m certain these products will prove popular with borrowers and advisers alike.”