View more on these topics

Edeus reprices adverse product range

Edeus has repriced its adverse product range after it sent out an email to brokers yesterday alerting them that it would be withdrawing its current adverse range to reprice with rises around 65 basis points.

Edeus repriced its products across adverse, adverse self cert, self cert, buy to let and income buy to let at midnight on September 5.

Last decision KFI with product and property details had to have been received by midnight last night and last applications for both direct and packaged business have to have been received by midnight September 12.

The email said that brokers would receive full details of the new product range this morning.

An Edeus spokesperson says: “This isn’t a withdrawal it’s a
reprice to reflect the increasing cost of funding.”

Recommended

Prime numbers

Some lenders fear that the sub-prime crisis and the credit crunch may begin to have an impact on prime mortgages as well.

RDR feedback statement to be published middle of next year

The Retail Distribution Review feedback statement will not be published until the second quarter of next year, the FSA said today.Speaking at Osney Media’s financial services distribution summit in London today, the head of the FSA’s retail distribution review Amanda Bowe said the FSA’s response to the feedback received from the industry on the discussion […]

Commercial lender 5D Finance launches into Scotland

Commercial mortgage lender 5D Finance has announced it is launching into Scotland, opening itself up to an extra 265,435 small to medium business.Chief financial officer William Hodson says: “5D Finance is entering a period of sustained growth after a summer of intense activity. We have been able to launch in Scotland on the back of […]

David Harrison

The founder of True Potential postponed retirement plans to set up a company which aims to deliver an electronic platform which IFAs can use to run their whole business. Interview by Gregor Watt

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com