You are here: Home - Mortgages - Buy To Let - News -

Digital broker Habito to start offering mortgages

0
Written by:
09/07/2019
Online mortgage broker Habito has launched its first ever mortgage products with a range aimed at buy-to-let landlords.

The company said the move will bring “much-needed innovation” to the buy-to-let market, which has faced “heavy restrictions and punitive charges” in recent years.

Habito aims to offer customers a mortgage deal within 10 or 11 days. It will replace the “inflexible and outdated” Decision in Principle with the ‘Habito Instant Decision’, which it says will involve deeper checks at the outset, guaranteeing greater certainty and speed.

The new range includes 2, 3- and 5-year fixed deals as well as 7-year and 10-year fixes, aimed at longer-term investors, with rates starting from 2.59 per cent for a two-year fix.

The cheapest 10-year fixed deals start from 3.51 per cent, while 7-year deals start from 3.31 per cent.

No minimum income is required for first-time landlords up to 75 per cent LTV and there are no minimum value or maximum LTV restrictions for ex-local authority flats

Applicants will need to show three months of income although self-employed customers will need two years’ proof of income.

Daniel Hegarty, founder and CEO of Habito, said: “We exist to free people from the hell of getting a mortgage. For buy-to-let landlords, hell means long waits, inflexible eligibility criteria and application decision uncertainty.

“We’re proud to bring to market a range of products that have been built with landlords in mind: long-term fixed rates, competitive pricing, low deposits and sympathetic to self-employed and older customers. We guarantee certainty and speed to offer. It’s the next generation of mortgages.”

Customers will only be able to access the products via the Habito Brokerage.

The firm plans to launch company buy-to let and portfolio landlord mortgages later this year and a range of residential mortgages in the coming months.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

  • Discover how your pension can be used to make a range of investments with attractive tax advantages. By… https://t.co/LMSAsBt3hb
  • RT @Defaqto: Looking for your first job? We outline our top tips for understanding and improving your credit score. Take a look @YourMoney
  • @YourMoneyUK Biased. People don't look at this stuff rationally. They also would not buy annuities if there ware decent alternatives.

Read previous post:
Which? reveals top 10 worst UK flight routes for delays

London Stansted is the worst airport for flight delays, with one in 10 flights late, according to Which?

Close