Habito returned to 80% loan-to-value, across its buy-to-lease range for two- and five-year fixed rate products.
The online mortgage company has also cut rates for its existing fixed products to 75% LTV over 5 years.
Habito’s 80% LTV, two-year fixed rates start at 3.89% and five-year fixed rates start at 4.15%.
Its five-year 75% LTV individual fixed rate and limited liability contracts start at 3.49%, with a cashback of £500.
The company’s individual fee helps five-year fixed rates of 75% LTV from 3.54%, with £750 cash back and free assignment.
Its limited liability company fees help five-year fixed rates of 75% LTV from 3.52%, with cashback of £750.
Market Operations Director at Habito, Alan Fitzpatrick, explains that the decision to “offer loans at 80% LTV to provide offers to homeowners with slightly smaller deposit sizes, particularly when the choice in the market at this level is limited”.
Fitzpatrick adds, “The changes to our BTL loan line-up are the result of brilliant broker feedback and we’re sure it will have a positive impact on both our broker partners and customers who come directly to Habito.”
Habito launched its first range of BTL mortgages in 2019, but a year ago, amid the pandemic, it withdrew loans at 80% LTV, although it kept loans at 75% LTV.
In March, the company launched a fixed-rate mortgage with terms of up to 40 years.
Available from 60% LTV to 90% LTV, Habito One’ starts with a 10-year option and increases by five years up to 40 years.
Founder and Managing Director Daniel Hegarty said: “The future has never been more predictable and we need our homes to provide security and financial security.”