Franky on Finance

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 subprime mortgage sector but plans to move into asset quality assessment and debt management.