Former specialist mortgage lender Edeus is offering cash sweeteners to encourage its borrowers to redeem their mortgages early. It is also waiving early repayment charges and will not charge borrowers exit fees. The incentives are available to selected clients over an undisclosed period. Edeus will be encouraging the selected borrowers to contact the brokers that originally introduced the loan to Edeus in order to source a suitable deal with another lender. The firm, launched less than two years ago, was a specialist lender at the forefront of the UK’s subp
Posts Tagged ‘borrowers’
Sweenter offered to borrowers to move on
Tuesday, July 8th, 2008HSBC offers to match mortgage deals
Thursday, April 10th, 2008
HSBC has offered to match the interest rate of any borrower coming off their fixed rate deals. This will apply to both HSBC customers and those remortgaging. It effectively shields borrowers from the recent increases in the cost of home loans. The Rate Matcher will mean their existing fixed mortgage rates - down to a cut-off point of 4.54% - will continue for another two years. But the deal will only last for five weeks so mortgage borrowers need to act quickly to take advantage. It is only available direct to consumers as the bank does not offer its mortgage products through mortgage advisers. Borrowers can borrow up to a maximum of 80% of their property’s value (20% deposit required) and a fee will be payable depending on the rate fixed. A maximum of £250,000 can be borrowed via the Rate Matcher service, although customers with larger mortgages can take the remainder on a standard HSBC deal. The offer is only available for borrowers whose current mortgage deal runs out before the end of June. The offer is available from 14th April until 18th May. This is a pleasant change from the do-nothing attitude most big lenders appear to be adopting at the moment!
