"2023 is going to be another milestone year for Habito’s brokerage and I’m excited for all that’s to come."
Mortgage industry entrepreneur, Ying Tan, has joined Habito as its new CEO after acquiring a significant share in the company.
Daniel Hegarty, founder and former CEO of Habito, is stepping down after seven years in the role. In a press release, Habito confirmed that he will remain a minority shareholder but will no longer sit on the board.
Ying Tan founded Dynamo - formerly known as The Buy to Let Business - in 2006, leaving the firm after 15 years following a Connells Group buyout.
He later acquired a significant stake in Knowledge Bank and become non-executive chairman of the criteria search system.
In 2021, Habito launched the UK's longest-ever fixed rate mortgage at 40 years.
Daniel Hegarty said: “Over the past seven years, we’ve been on a mission to make the process of owning and financing a home easier. Habito has helped more than half a million people with their mortgage needs and has doubled down on customer service during a period of great change and uncertainty in the UK housing market.
“Leading such a passionate, skilled and dedicated team during this time has been an honour. I’m tremendously proud of all that we’ve achieved together and I’m excited for all that the future holds for Habito. Ying is a mortgage industry titan and a phenomenal operator and I can’t think of a leader better suited to the role.”
Ying Tan commented: “I’ve admired Habito from afar since its launch in 2016 and I’m beyond thrilled to have the opportunity to take the company to the next level. With the cost of living biting, energy prices sky-rocketing and interest rates at historic highs, it’s more important than ever for UK mortgage-holders and first time homeowners to have access to the very best mortgage and home-buying advice.
“I’ve spent nearly 20 years in the industry and am passionate about delivering stellar customer outcomes and driving positive change within the mortgage market. 2023 is going to be another milestone year for Habito’s brokerage and I’m excited for all that’s to come.
“Dan has led Habito with creativity and vision. I share his enormous passion for innovation, technology and commitment to solving real-world problems for customers. I am super proud to take the baton and turbocharge Habito’s growth for the next stage of its journey.”
