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Edeus – Light Adverse Self-Certification Three-Year Tracker

Edeus

Light Adverse Self-Certification Three-Year Tracker

Type: Adverse credit tracker remortgage product

Tracker term: Three years

Tracker rate: 2.09% above Bank of England base rate

Payable rate: 7.34%

Minimum loan: £25,001

Maximum loan: Up to 90% of valuation subject to a maximum of £350,000, up to 85% of valuation subject to a maximum of £750,000, up to 75% of valuation subject to a maximum of £1m

Income multiples: Based on affordability

Conditions: Up to £5,000 in CCJs but none in the last three months, up to two arrears in the last 12 months, bankruptcy acceptable if discharged for a least one years, IVA acceptable if satisfied for at least one year, capital repayments of up to 10% allowed without penalty, free property assessment, free remortgage legal service, £200 cashback

Arrangement fee: £699

Redemption fee: 6% in first three years

Introducer’s fee: 0.65% of original loan subject to a £200 minimum and £15,000 maximum

Tel: 08000 838373

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Guide

Guide: day-to-day tasks ​— can your system manage?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. As well as highlighting what is required from a system to ensure it is up to the tasks, an overview of the following is also provided: data validation; data categorisation; employee communication; opt-in process; opt-out process; produce contribution schedule; contribution reconciliation process; upload of member data to pension provider; upload contribution to pension provider; manage salary sacrifice process; enrolment process; re-enrolment process; and management of increased employee queries.

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