Saving People from Mortgage Hell, Habito Tops £4 Billion in Home Mortgages

Habito, an online platform that streamlines the entire home mortgage process, has topped £4 billion in mortgage submissions, according to a Tweet from the company.

Habito is a Proptech firm that was launched in 2016 “to end mortgage hell forever.” You have to love that.

The marketplace platform searches the market to provide the best available rate minus the tedium and torture of visiting a bank.

And during the COVID-19 pandemic, Habito remains open, of course.

In a post on Facebook from earlier today, Habito provides an update on the mortgage market. Due to the Coronavirus, some mortgage products from ledners are being temporarily withdrawn but new deals are being introduced and rates are really low. For most mortgage lenders its “business as usual” perhaps with a slight delay.

Habito states that their research found that on average, homeowners saved £294 a month from switching to a lower-rate deal – or  £3,000 a year.  As of today there were about 3,654 residential mortgage deals on offer from banks and building societies in the UK.

So if you need to do a refi or are looking to buy, skip the mortgage hell and check out Habito.

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