All Habito buy-to-let mortgage products will now come with a customer cashback payout of £500 or a £750 cashback on any fee-assist remortgage deals.

This incentive will last until 28 February 2021.

Habito cases currently receive an underwriter review in 24 hours and typically move to offer in an average of 13 days.

Meanwhile, Habito is also increasing its gross procuration fee to 70bps for the same period. This increased fee is also available to any new brokers joining Habito’s panel.

The cashback will be paid within 30 days of completion, while the proc fees will be paid to brokers within seven days of the month following completion.

Habito launched its first range of buy-to-let mortgages in 2019. Habito has partnered with Connect for Intermediaries, Impact Specialist Finance, Dynamo for Intermediaries, and Mortgage for Business, to distribute its range of products. This month added the L&G Mortgage Club to its distribution network.