Habito enters company BTL market with new mortgage range

Habito has unveiled its first suite of company buy-to-let (BTL) mortgages, adding to the individual BTL mortgages that it launched two months ago.

Available exclusively through Habito’s brokerage, eligible landlords will be able to secure financing for their investment with a deposit of 20%, and an introductory cashback offer of £250 is available for a limited period.

The Habito products are available in fixed terms of up to 10 years, with 2-year fixed rate prices starting at 2.59% for a 60% LTV product and 2.84% for a 75% LTV product.

Habito entered the mortgage market with a promise to more than halve the industry’s standard ‘time to mortgage offer’ of 21 days. Using proprietary technology and fast-track underwriting, Habito is aiming to deliver a 10-day ‘time to offer’ service.

Habito founder and CEO, Daniel Hegarty, 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 is debuting its new mortgage terms and conditions, which have been written in partnership with consumer group Fairer Finance. Intended to remove all jargon and meet rigorous readability measures, these mortgage T&Cs are first of their kind to be awarded Fairer Finance’s ‘Clear & Simple’ mark.

Hegarty added: “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. 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.”

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