Pepper UK signs servicing deal with Habito
Online mortgage broker and lender platform Habito has appointed Pepper UK to provide end-to-end servicing from completion to redemption for its new portfolio of buy-to-let mortgage products.
This month Habito became the first mortgage broker in the UK to start lending, having secured £500m of funding from a leading FCA-regulated financial institution.
Gerry McHugh (pictured), chief executive of Pepper UK, said: “We’re excited about our partnership with Habito and look forward to supporting the next generation of mortgages by bringing together traditional finance and innovation to improve the customer experience.”
Martijn van de Heijden, chief strategy officer of Habito, added: “Having built our origination platform from scratch to guarantee our customers certainty and speed to offer, it made sense for us to work with the best partner to help us service our new mortgages.
“We look forward to growing with Pepper UK as we expand our offering in the coming months.”
The inaugural range is aimed at individual buy-to-let landlords, with company buy-to-let launching soon.
The range features a selection of high loan-to-value (LTV), competitive rates and long-term fixed deals for the buy-to-let market and includes 2, 3, 5, 7 and 10-year fixed rate deals up to 80% LTV.
Decisions in Principle (DIPs) have been replaced with Habito Instant Decision which Habito said involves deeper checks at the outset, guaranteeing greater certainty and speed.