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Habito is an online mortgage broker that is focused on modernising the process behind securing a mortgage for your home. Launched in 2016 by Wonga’s former Head of Decision Science, Daniel Hegarty, their online only platform aims to make mortgage decisions faster and at a lower cost. What this means for you as an end … Read more

Having an overdraft facility is common for most bank accounts and simply having an overdraft will rarely affect your mortgage application. However, the way you use your overdraft can, such as whether you use it to help pay for your deposit. No, using your overdraft to pay for your mortgage deposit is not recommended and … Read more

With mortgage payments being most people’s largest monthly expense, knowing whether they decrease over time can help you plan for the future. No, mortgage payments do not decrease over time, the amount you have to pay remains the same until you’ve fully paid your mortgage. However, the amount of money you pay in interest reduces … Read more

You may be looking to remortgage for a variety of reasons from looking to pull money out of your property in the form of an equity release to just coming to the end of your fixed-rate period. Knowing the value of your house is a key number to understand how much equity you currently have … Read more

A rise in inflation can have a significant impact on the cost of living, with the costs of goods and services increasing and becoming harder to afford. Mortgage payments are a lot of people’s largest expense, so wanting to know how inflation will affect it is completely understandable. Yes, mortgage payments increase with inflation although … Read more

Fixing your mortgage can give you peace of mind that your mortgage payments will remain the same for the length of your initial term. This can be very helpful when interest rates are expected to go up as it could save you a decent amount of money in interest payments, although there are a few … Read more

With online platforms making access to the stock market easier, more people than ever are investing their money into stocks. This quite rightly is raising concerns about whether investing in stocks will affect your mortgage application if you’re about to make, what could be, the biggest purchase of your life. Yes, investing in stocks can … Read more

If you’re in the market for a mortgage or have one already, understanding where mortgage lenders get the money they give out to borrowers can be useful to know. Mortgage lenders get their money either from bank deposits made by people with bank accounts, borrow the money from other banks or source money from investors. … Read more

If you’ve recently purchased a new property you might be wondering if you should, or even if you can give your mortgage broker a gift for all the help they provided throughout the process. Yes, you can give your mortgage broker a gift. However, when deciding whether you should give your mortgage broker a gift, … Read more

When applying for a mortgage, lenders look at a variety of factors to help them gauge how much they’re willing to let you borrow, if anything at all. This means making sure you tick the right boxes is critical to make sure you get the money you need for your new home. Yes, mortgage lenders … Read more