Pepper UK signs servicing deal with Habito
Pepper UK, which currently manages over £17bn of assets for UK lenders, has been appointed by Habito, the UK’s only online mortgage broker and lender platform, to provide end-to-end servicing from completion to redemption for their 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. The inaugural range is aimed at individual buy-to-let landlords, with company BTL launching soon. The range features the most comprehensive 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. Going beyond price, it also aims to provide the fastest mortgage process in the country. Decisions in Principle (DIPs) have been replaced with Habito Instant Decision which involves deeper checks at the outset, guaranteeing greater certainty and speed.
Pepper UK will manage the accounts to mirror Habito’s mission: to set people free from the hell of mortgages and make home ownership fit for the future.
Pepper UK have nearly 20 years’ experience in the industry; helping and supporting customers dealing with a range of circumstances. The servicing team will act as a white-label servicer for Habito, delivering the highest standards of customer service.
Gerry McHugh, CEO of Pepper UK comments on the partnership with Habito:
“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 said:
“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.”