Habito provides a range of 40-year fixed rates through brokers

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“We have built excellent relationships with our external broker partners through our rental loan products and we are very pleased to be able to offer Habito’s extended and expanded range of residential mortgages.”

Habito has expanded the distribution of its line of fixed rate long-term mortgages through brokers through Legal & General Mortgage Club and the Stonebridge network.

The ‘Habito One’ range is launched in March and offers fixed durations between 10 and 40 years with rates starting from 2.99% with no prepayment charges or exit charges.

Rates start from 2.99% to 60% LTV with a 40 year fixed rate available at 4.20%. A 40 year fixed rate of 90% LTV is available at 5.35% and all products come with a flat fee of £ 1,995.

Habito has also expanded the range to include cheaper offers with prepayment fees. At 60% LTV, rates start at 2.79% rising to 4.19% at 90% LTV. The lender also introduced a 10 year LTV fixed rate of 85% to 3.39% with a product fee of £ 995.

Alan Fitzpatrick, vice president of loans at Habito, said: “We have had an incredible response to Habito One from our customers, with the unsurpassed certainty and product protection attracting a range of homeowners at different stages of life and under various circumstances.

“We have seen particular interest from traditionally underserved clients, such as those who are self-employed or approaching retirement.

“We have built an excellent relationship with our external broker partners through our rental loan products and we are very pleased to be able to offer Habito’s expanded and developed range of residential mortgages to these partners for the first time.

Danny Belton, Lender Relations Manager at L&G Mortgage Club, added: “Habito is at the forefront of product innovation, creating new types of customer-centric mortgage agreements.

“Its Habito One line, in particular, will help many people gain certainty about their monthly repayments, helping them budget effectively for the future.

“We look forward to bringing these products to our community of advisors. “


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