Monzo has agreed to acquire digital mortgage broker Habito.
The acquisition will make Monzo the first UK bank to offer a fully end-to-end mortgage broking experience within its app, with the aim of making the process simpler, faster, and built around customers’ needs.
Monzo already has a tool to help people track their mortgage via its Homeownership feature. It connects any mortgage, shows the balance and home value and highlights better deals.
Habito chief executive Ying Tan says: “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 chief banking officer Kunal Malani adds: “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.”
In October, Habito appointed seven new experts in the mortgage advice team, with a further five due to join next month.
Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by finopulse.
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