Habito enhances BTL range with higher LTVs


The lender is also increasing its maximum loan size from £1m to £2m to help further support landlords in London & the South East

Habito has announced a series of enhancements to its buy-to-let range, with new longer-term fixed rates at seven and 10 years, and a new maximum LTV of 85%.

New 85% LTV products are available across the full range of terms for properties with an EPC rating of A-C and where the property value is worth a minimum of £100k.

The lender is also increasing its maximum loan size from £1m to £2m to help further support landlords in London & the South East.

At 75% LTV, Habito’s five-year fixed rates are available from 3.34% and a 10-year fixed rate deal starts from 3.54%, both with £500 cashback.

At 80% LTV, limited company fixed rates start from 4.19%.

The cashback bonus is the continuation of an offer that was introduced in November 2020, alongside Habito‘s commitment to pay a higher procurement fee to its network of brokers. Brokers can get access to Habito’s products through both L&G and Dynamo and Mortgage Clubs, and Connect and Tenet networks.

Alan Fitzpatrick, VP of lending at Habito, said: We’re very pleased to add new loan-to-values to our standard and longer-term seven-year and 10-year rate fixed products to our BTL range. We know that landlords have seen the multiple base rate hikes from the Bank of England since December, and are considering fixing their rate for longer to get that security over their monthly mortgage repayments and protect their rental yield.

He said: Our new 85% LTV products will also reward landlords with properties with better energy performance ratings as we try to encourage landlords to think ahead to the proposed upcoming EPC changes which will require buy-to-let properties to have a rating of C or above by 2025, to begin a new tenancy.

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