Habito enters buoyant Company BTL market – new range of mortgages

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Buy-to-Let
Mortgages:

LONDON, 18 SEPTEMBER
2019: Habito, the pioneering mortgage broker and lender, today
launches its first suite of Company buy-to-let mortgages adding to
its BTL offering just two months after it entered the lending space
with a range of Individual BTL products.

â—�
Industry-leading rates: highly competitive pricing makes Habito a top
three lender in the Company BTL space

â—� Lightning speed
time-to-offer: Habito continues its pledge to more than halve the
industry’s standard time to offer

â—� First ever
jargon-free mortgage T&Cs: Habito becomes first lender with
mortgage T&Cs certified as “Clear & Simple� by Fairer
Finance

Available
exclusively through Habito’s brokerage, the rates and pricing are
among the industry’s most competitive, placing Habito in the top
three Company BTL mortgage providers, by price, speed to offer and
certainty. Eligible landlords will be able to secure financing for
their investment with a deposit of just 20%. An introductory cashback
offer of £250 is available for a limited period.

Habito’s new range
of mortgages will provide landlords with a range of financing options
designed to optimise their property investments, while delivering
speed and certainty throughout the mortgage application process.
Products are available in fixed terms up to 10 years, with 2-year
fixed rate prices starting at 2.59% for a 60% loan to value (LTV)
product and a market leading 75% LTV price of 2.84%.

Since launching its
own range of mortgages in August, Habito has been making good on its
promise to more than halve the industry’s standard time to mortgage
offer from 21 days. Using proprietary technology and fast-track
underwriting, Habito now aims to deliver a 10-day Time To Offer
service meaning that buy-to-let mortgage applicants can be better
served than ever before.

Daniel Hegarty,
Founder and CEO of Habito said: “In spite of uncertain political
and economic times, financing a buy-to-let property through a limited
company is proving to be a very appealing route for a growing number
of landlords. Clearly competitive rates and value for money,
operating costs and yields are the key drivers for property
investments, but we’re seeing more and more demand for mortgage
offers with speed, innovation and certainty – something we’re proud
to be taking a lead on at Habito.�

Alongside the launch
of its company BTL range, Habito will debut its new Mortgage Terms
and Conditions which have been written in partnership with consumer
group, Fairer Finance, to remove all jargon and meet the most
rigorous readability measures[1]. Habito’s mortgage Terms and
Conditions become the first of their kind to be awarded Fairer
Finance’s “Clear & Simple� mark and set a new standard for
the industry.

Hegarty continues: “I’m beyond proud to be unveiling our brand new “Clear & Simple� mortgage T&Cs which speak to a personal ambition of mine to rid the mortgage world of jargon.

Our mission has always been to set people free from the hell of mortgages and our research has proven a correlation between mortgage jargon and people paying over the odds each month on their mortgage.

Jargon has a lot to answer for and we’re committed to rooting it out. We still have a long way to go but tackling the industry’s lengthiest, most complex and least customer-friendly document is a big step in the right direction.�

Habito’s range of
Company BTL mortgages will be available exclusively via the Habito
brokerage where all customers receive free, whole-of-market and
independent advice. For more information about Habito’s vision, the
full range of mortgages and how to apply, visit:
https://www.habito.com/borrow-with-us

About Habito:

Habito’s
mission is to release people from the hell of getting a mortgage and
to transform the UK’s £1.3tn mortgage market by taking the stress,
unnecessary paperwork and arduous and confusing process out of
financing a home.

Since launching
in April 2016, Habito has:

â—� Helped more
than 250,000 people better understand their mortgage needs

â—� Completed
£2.7 billion in mortgage submissions

â—� Built an
award-winning service – Corporate Excellence Awards 2019 – Most
Trusted Online Mortgage Broker, MoneyNet Awards – Best Online
Mortgage Broker 2019 and The Great British Entrepreneur Awards – Top
20 Most Exciting Companies 2019

â—� Created a
service customers love: 5* rating on Trustpilot, from more than 3,300
reviews

â—� Increased
staff headcount to over 185 and continues to grow

â—� Raised
£32.5million in funding from some of the biggest names in Venture
Capital – Augmentum, Atomico, Mosaic Ventures and Ribbit Capital

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Habito enters buoyant Company BTL market – new range of mortgages | LandlordZONE.

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Call of the week – missing gas safety certificate

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Most landlords thankfully never have to use a section 21 notice but almost all of them rely on the certainty they can use it.  According to our recent survey on possession reform, the largest ever performed non-governmental survey of the PRS, 98% of landlords think being able to use section 21 is vital to their […]

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Lowest annual house price growth since September 2012

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ONS UK House Price Index: July 2019: Monthly house price inflation in the UK, calculated using data from HM Land Registry, Registers of Scotland, and Land and Property Services Northern Ireland.

Average house prices in the UK increased by 0.7% in the year to July 2019

The post Lowest annual house price growth since September 2012 appeared first on Property118.

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Council Bonds and S21 Court Costs

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I am in the process of evicting a tenant with a Section 21. The council told the tenant to stay put after the Section 21 expiry date (typical), so forcing me to pay up £355 to send it all off to court to progress to possession.

The post Council Bonds and S21 Court Costs appeared first on Property118.

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Possession reform: Have you made your views heard?

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The RLA is encouraging members to make sure they have responded to the Government’s consultation on plans to change the possession process. There is only a few weeks left for landlords and letting agents to have their say, with the consultation closing on 12th October 2019. What the consultation wants to know Specifically, the consultation […]

The post Possession reform: Have you made your views heard? appeared first on RLA Campaigns and News Centre.

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Lib Dems vote for Section 21 ban

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Assuming the Liberal Democrats ever get near government again, their members have voted for the policy proposal of banning Section 21 at their party conference in Bournemouth.

This policy will presumably feature in next Lib Den manifesto and may or may not have time to be updated following the government consultation that is due to be completed on the 12th of October.

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North-Wales based house builder starts major build-to-rent rent schemes

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Build-to-Rent:

Redrow has teamed up with property investment company Realstar to
provide two major build-to-rent schemes costing more than £180m, in
London.

Redrow is to start with planning for 513 new rental homes in the
Southall and Colindale districts, which when completed are to be
professionally managed under the UNCLE brand.

UNCLE is a residential rental company owned and managed by the
Realstar Group, a Canadian real estate investment and property
management business with more than 40 years experience in the
industry. The company owns and manages in excess of $6 billion of
assets. In Canada, Realstar is an established estate company owning
over 25,000 apartments across the country.

Since launching in the UK in 2002, the company has invested in the
primary healthcare, student accommodation, hotel and rental
residential sectors, including co-ownership of 13,000 hotel rooms
throughout the UK.

These new developments will be the house builder’s third and
fourth PRS schemes, as Redrow aims to diversify its offering into
private rental homes.

The £119m deal at Redrow’s Colindale site in North London will
involved the construction of 347 new flats.

Redrow’s announcement follows on from an £82.7m deal which
Redrow announced with M&G Real Estate last year. This brought a
further 186 new rental homes to Colindale Gardens as well as 211
homes sold to L&Q in 2016.

Located in the Burnt Oak and Colindale Opportunity area, Colindale
Gardens is a £1.2bn new community, which is being created by Redrow
on the site of the former Peel Centre Metropolitan Police training
college.

More than 2,900 new homes are to be built over the next ten years.

At Southall in West London, Redrow will also deliver 166 one, two-
and three-bedroom apartments in a £64m deal with Realstar.

The site sits adjacent to Redrow’s existing scheme The West
Works, where the housebuilder is currently delivering 302 new homes
as part of a mixed-use scheme.

Mark Parker, Managing Director of Redrow London, says:

“Both Colindale and Southall are quickly defining themselves as
new property hotspots as they undergo significant inward investment.�

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – North-Wales based house builder starts major build-to-rent rent schemes | LandlordZONE.

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