Habito has partnered with the Legal & General Mortgage Club and the Stonebridge Network to offer its Habito One mortgages to outside brokers.
Habito One enables the customer to fix interest rates for the entire mortgage and offers customers protection against possible interest rate increases as well as monthly installments with a fixed and guaranteed term of 10 to 40 years as well as the freedom to change or move home.
Offering includes no early repayment fees (ERCs), meaning customers can overpay or end their deal unlimited at any time.
Brokers are from Mars Fintechs are from Venus
In addition, Habito has expanded its One range to include cheaper offers with ERCs and a new 10-year fixed-income product.
Alan Fitzpatrick, Habito VP of Lending, said, “We have had an incredible response to Habito One from our customer base, with the product’s unrivaled security and protection appealing to a range of homeowners at different stages of life with different circumstances.
“We noticed a particular interest from traditionally underserved customers, for example the self-employed or shortly before retirement.
“We have established excellent relationships with our external broker partners through our buy-to-let loan products and are very pleased to be able to offer these partners the expanded and further developed range of Habito residential real estate loans for the first time.”
Danny Belton, Head of Lender Relationships at Legal & General Mortgage Club, added, “Habito is a leader in product innovation, creating new types of customer-centric mortgage business.
“The Habito One range in particular will help many to gain certainty about their monthly repayments and to help them calculate effectively for the future.
“We look forward to making these products available to our advisory community.”