Habito has added to its buy-to-let offering by launching its first suite of company buy-to-let mortgages.
The products, available exclusively through Habito’s brokerage, are offered to landlords at up to 80% loan-to-value (LTV), with an introductory cashback offer of £250 available for a limited period.
Habito’s latest offering comes just two months after it entered the buy-to-let ending space with a range of Individual BTL products.
The new mortgages offered by Habito 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 two-year fixed rate prices starting at 2.59% for a 60% LTV product and a 75% LTV price of 2.84%.
Daniel Hegarty, founder and CEO of Habito, which aims to deliver a 10-day ‘Time To Offer’ service, 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.”
Habito has also introduced new mortgage terms and conditions, designed to remove all jargon and meet the most rigorous readability measures.
Hegarty added: “I’m beyond proud to be unveiling our brand new clear and simple mortgage T and 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.”