Habito enters mortgage market with buy-to-let range

The range includes seven-year fixed rates from 3.31% and ten-year fixed rates from 3.51%.

Rozi Jones
9th July 2019
"Now we’re rolling up our sleeves to tackle the mortgages themselves."

Online mortgage broker, Habito, has launched its first range of mortgages aimed at individual buy-to-let landlords, with limited company and portfolio products expected to follow shortly.

The range will be available to all borrowers including first-time, self-employed, retired and older landlords, with two-year fixed rates starting from 2.59%.

Seven-year fixed rates are available from 3.31% and ten-year fixed rates from 3.51%.

No minimum income is required for first-time landlords up to 75% LTV and there will be no minimum value or maximum LTV restrictions for ex-local authority flats. Applicants will need to show just three months of income (two-years' proof will be required for self-employed borrowers).

Habito has also pledged no discrimination against landlords with tenants who claim benefits.

Habito’s brokerage will continue to operate as a separate business line providing free advice and whole-of-market mortgages.

Daniel Hegarty, founder and CEO of Habito, said: “Habito exists to connect customers with the best possible mortgage products. For the past three years, we’ve invested heavily in our best-in-class brokerage to dramatically improve and evolve the process of getting a mortgage. Now we’re rolling up our sleeves to tackle the mortgages themselves. By applying our tech-first, people-centric principles, we’ve created a suite of mortgage products that speaks to one of the most under-served groups of borrowers: landlords.

“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.”

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