Habito has launched its own range of buy-to-let products for individual landlords.
The Habito-branded mortgages, which will be available through its new mortgage origination platform, features a comprehensive selection of high loan-to-value (LTV), competitive rates and long-term fixed deals for the buy-to-let market.
The online lender’s range includes a wide number of seven-year fixed deals and 10-year fixed deals, promising greater choice for longer-term investors.
The mortgages are competitively priced, with rates starting from 2.59%. The broad range of 10-year fixed deals starts with a rate of 3.51%, while seven-year deals start from 3.31%.
Habito said the new range aimed to support the many under-served landlords who had been subject to a ‘stifling lack of innovation in the mortgage market’.
Daniel Hegarty, founder and CEO of Habito, commented: “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.”