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edeus reveals two-year fixes
15 June, 2007
edeus has launched a range of two-year fixed rate products across its adverse, self-cert, and income buy-to-let ranges.
Rates start from 6.39% on the self-cert range, 6.49% on the adverse range and 6.79% on the income buy-to-let range. Versions are available up to 90% LTV and all products carry an arrangement fee of £799. Early repayment charges are 6% in the first year 5% in the second year.
With some commentators forecasting further rate rises over the next few months, fixed rate mortgages are likely to become more popular. Alan Cleary, managing director of edeus, commented: "We expect a high demand for our new rates. In addition to our existing tracker range, they will provide brokers with maximum choice. The fact that none of the products carries a Higher Lending Charge makes them very competitive and I'm confident that they will suit every type of borrower."