Edeus is offering cash back to selected customers if they repay their mortgage balances.
The move comes as the firm has struggled to sell its loans on to professional investors following the US sub-prime crisis.
Reports suggest the lender will offer 400 customers the opportunity to receive an 8% discount if they repay their loan in full and normal exit fees and early redemption charges will be waived.
The group says it will extend the offer to many more borrowers if it proves to be popular.
Edeus stopped offering new loans last year but still has a substantial amount of outstanding borrowing, much of it in the sub-prime sector.
Currently Edeus offers mortgage advisory services to other firms, but hopes to return to lending when the mortgage market recovers.
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