Monzo has announced its intention to buy Habito, the digital mortgage broker, in a deal that would see mortgage advice and application handled entirely within the Monzo app.

Completion is expected in Spring 2026, subject to regulatory and customary approvals, with financial terms undisclosed.

Monzo claims that the proposed acquisition would make it the first UK bank to offer a fully digital, end-to-end mortgage broking service to customers through its own platform.

bank said the move is aimed at simplifying a process that many consumers continue to find complex and time-consuming.

Monzo currently serves more than 14 million customers and already allows over 450,000 of them to track their mortgages using its Homeownership feature, which connects to existing mortgages, shows balances and estimated property values, and highlights alternative deals.

Research cited by the bank suggests that 87% of UK mortgage seekers used a broker in 2024, underlining the continued role of intermediary advice in the market.

The announcement follows a period of rapid growth for Monzo, which reported revenues of £1.2bn in FY2025, up 48%, with adjusted profit before tax rising to £113.9m. The bank also counts around 800,000 business customers.

Kunal Malani, chief banking officer at Monzo, said: “Monzo has transformed money management for millions and millions of customers – yet we know that mortgages still remain a complex, cumbersome pain point, and one we are looking to solve.

“This is a huge step in our mission to make money work for everyone, and we’re excited to bring Monzo’s simplicity and transparency to one of life’s biggest financial moments.”

Habito, which operates as a digital mortgage broker, has positioned itself around simplifying advice and application through technology-led processes. Its chief executive Ying Tan said the combination with Monzo would allow that approach to reach a much wider audience.

“At Habito, we’ve always believed mortgages should be easier, fairer, and simpler for everyone. I’m incredibly proud of what our team has built, and I couldn’t be more excited for this next chapter with Monzo.

“Together, we’ll transform what the mortgage experience feels like – effortless, empowering, and truly built around people.”

Monzo said the acquisition would form part of its wider ambition to become a single platform through which customers manage all aspects of their financial lives, extending its reach beyond day-to-day banking into longer-term financial commitments such as home ownership.