Habito has announced a new partnership with Impact Specialist Finance, allowing homeowners with a poor credit history access to Impact’s specialist broker services at no cost.

Research by Habito found that two-thirds of homeowners suffer from mortgage stress when applying for home financing, although the online mortgage broker and lender suggested that for customers with adverse credit history, getting mortgage advice and being accepted for a product can be additionally challenging, stressful and costly.

Habito added that homebuyers who have poor credit scores often need specialist brokers to manage a more complex mortgage application, and to apply to specialist lenders.

Habito founder and CEO, Daniel Hegarty, commented: “We exist to set people free from the hell of mortgages and we’re constantly working on enabling more and more homeowners (to) have an easier mortgage experience.

“While we’re currently unable to help those with serious credit issues, we want to be able to provide the best alternative we can. We’re really excited to have found that in partnering with Impact, to offer customers with poor-credit history, the specialist mortgage advice they need.”

Until the new partnership, Habito, whose brokerage had suggested ways in which homebuyers can improve their credit score, had not been able to help those with serious credit issues – such as anyone who’d defaulted on their mortgage, or missed mortgage payments, or had been issued with a county court judgement (CCJ) in the last six years.

As part of the new agreement, however, Impact has surrendered its standard £574 fee exclusively for Habito customers.

Impact managing director, Dale Jannels, said: “Impact have worked diligently in this sector for many years and we are always keen to help clients achieve their dream and put the troubles of the past behind them.

“We see many clients who, due to their credit history, felt that they either couldn’t get a mortgage or remortgage from their current lender. This is a fresh approach and we are looking forward to working with Habito to help them assist more people with the appropriate solutions.”

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