Available exclusively through Habito’s brokerage, eligible landlords will be able to secure financing for their investment with a deposit of just 20%. An introductory cashback offer of £250 is available for a limited period.
Habito’s new range of mortgages aim to provide landlords with a range of financing options designed to optimise their property investments and are available in fixed terms up to 10 years, with 2-year fixed rate prices starting at 2.59% for a 60% loan to value (LTV) product and a 75% LTV price of 2.84%.
Daniel Hegarty, Founder and CEO of Habito 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 will debut its new mortgage terms and conditions which have been written in partnership with consumer group, Fairer Finance, to remove all jargon and meet the most rigorous readability measures. Habito’s mortgage Terms and Conditions become the first of their kind to be awarded Fairer Finance’s “Clear & Simple” mark and set a new standard for the industry.
Hegarty continues: “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. 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.”
