Legal & General Mortgage Club adds Habito to panel

Jessica Nangle

January 18, 2021

Habito is the latest buy-to-let lender to join Legal & General Mortgage Club’s panel.

The addition of Habito brings the total number of lenders on Legal & General Mortgage Club’s panel to nearly 100.

Club members now have access to Habito’s range of buy-to-let mortgage products, which includes 10-year fixed rates.

Habito offers buy-to-let products to buyers with a range of circumstances, including the self-employed, first-time buyers and later life landlords.

Cases typically receive an underwriter review in 24 hours and move to offer in an average of 13 days.

Until 28 February, Habito buy-to-let mortgage products come with a customer cash-back payout of £500 or £750 cashback on any fee-assist remortgage deals.

Its intermediary broker portal features Habito’s ‘Instant Decision’ which allows a broker to check a client’s information against its full credit and affordability policy and run an Automated Valuation, soft credit check, and KYC simultaneously.

The portal also provides advisers with feedback so that when a customer doesn’t fit into Habito’s policy, this is flagged early and a suitable alternative can be found.

For portfolio landlords who have to manage heavy loads of administrative work, Habito has designed a fully downloadable ‘Portfolio Checker’ which helps to cut through the time spent on paperwork.

Danny Belton, head of lender relationships at Legal & General Mortgage Club, said: “Habito’s range of innovative buy-to-let mortgages is a very welcomed addition to our panel.

“Their mission of ‘making homebuying fit for the future’ is one that resonates with our own goals as a mortgage club. We are impressed by their achievements so far and look forward to working with their team.”

Ben Gallagher, commercial director at Habito, added: “We’re committed to helping brokers and customers get the best mortgage for their needs, in the fastest and simplest way possible.

“We’re very excited to open up our range of BTL products to the Legal & General Mortgage Club and look forward to working together to bring even more choice to brokers and their customers.”

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