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Habito reintroduces 75% LTV BTL deals and physical valuations

Jessica Bird

June 2, 2020

75% LTV

Online mortgage business Habito has expanded its range of buy-to-let (BTL) purchase and remortgage products, reintroducing lending up to 75% loan-to-value (LTV). 

Fixed rates are available from two to 10 years, with pricing starting at 3.14% for a 2-year, or 3.94% for a 10-year fixed-rate mortgage. The range includes fee assist products.

Habito’s mortgages are available for customers buying either in their own name or as a limited company.

The lender first launched its first range of BTL mortgages in 2019; during lockdown, it reduced its LTV limit to 60%.

It has continued to offer these products throughout the lockdown, albeit with restrictions in place.

Habito is now also instructing physical valuations in England, where possible.

Habito has also lowered its minimum valuation cap for outside of London to £50,000, from £75,000, and removed the maximum number of background properties for portfolio landlords.

As previously was the case, Habito’s criteria include no minimum income and lending is open to first-time landlords.

Martijn van der Heijden, chief strategy officer at Habito, said: “Habito has been BTL lending continuously throughout the lockdown period.

“But, like much of the market, we had to lower our maximum LTV limit while it wasn’t possible to do physical in-person valuations.

“We’re pleased to say that due to the reopening of the property market last month, our 75% LTV deals have now been reintroduced, across our extensive range of fixed-term products.”


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