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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