Online mortgage broker Habito has targeted Buy-to-Let advisers by launching an intermediary portal which gives them access to Habito’s product range and lending criteria for landlords.
Habito announced today (April 15) it had launched the portal to enable mortgage brokers to submit a full mortgage application online as well as generate instant decisions.
The portal has been designed following customer and broker research conducted through Habito’s distribution network and input from Connect for Intermediaries.
Other features include an automated valuation, soft credit check and know your customer tests alongside automated feedback, so when a customer does not fit Habito’s policy the issues are flagged early and a suitable alternative can be found.
For portfolio landlords Habito has designed a downloadable ‘portfolio checker’ which can help them manage their administrative workload.
Once applications have been submitted, brokers can use Habito’s portal to manage multiple applications through a personal dashboard.
Martijn van der Heijden, chief strategy officer at Habito, said: “Being a tech-led mortgage broker and lender, automation and innovative improvements are in our DNA.
“We’re on a mission to make mortgages easier for all and our origination platform and portal are testament to this.”
Mr van der Heijden added that by using Connect for Intermediaries’ broker network, Habito had been able to take 'real-life pain points' and attempt to solve them with easy-to-use functionality.
Liz Syms, chief executive of Connect for Intermediaries, said right now was an “excellent time” for Habito to be launching such a solution, adding the ability to streamline the application process and use automatic valuations was “very much welcome in the current market”.
imogen.tew@ft.com
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