There are lots of reasons why someone might put off remortgaging – including because they believe the process is too time consuming or anxiety-ridden. But it really is worth it – Habito’s research found that customers are happy to invest 20 minutes of their time to make as little as £60 worth of savings, but, with mortgages, the potential savings are much, much higher.
Habito wants to make switching your mortgage as easy as switching your energy or broadband provider, so that you can avoid slipping onto your lender’s costly Standard Variable Rate (SVR) and avoid unnecessary stress. It’s great that they can now bring our innovative tools and solutions to our partners, in-app, and together, can help consumers avoid mortgage hell.
Habito’s API will appear inside the partner’s app as a simple set of questions for a customer to fill in about their existing mortgage deal. That data will then be fed into Habito’s algorithm which searches the whole of the market – from over 20,000 products – to find the best mortgage deal and work out how much the customer could save.