Habito, the award-winning mortgage company, has joined Moneybox+, the reward scheme offered by saving and investing app Moneybox, giving customers who successfully take out a mortgage a reward of up to £600 into their Moneybox account.
Now, Moneybox users can sign up for a Habito account via Moneybox+ and will be entitled to a reward of up to £600 when their mortgage completes. Moneybox will deposit the reward, the amount of which tiers depending on the size of a customer’s mortgage, in the Moneybox account of their choice.
Moneybox+ is another way for Moneybox customers to save and invest for their future with the award-winning app, alongside round-ups, weekly deposits or pay-day boosts. When you make a transaction with one of their partner brands, you receive a cash reward directly into your Moneybox account.
Moneybox offers a range of saving and investing products, but for those looking to buy their first home, the Lifetime ISA is a great option as the government offers a 25% bonus on all savings towards your first home, up to £1,000 each tax year. Moneybox offers a Cash Lifetime ISA with a market-leading rate and a Stocks & Shares Lifetime ISA. The Moneybox x Habito offer is only available to new Habito customers, but it is available to all buyer types - from those looking to get on the property ladder for the first time, to next time buyers or homeowners looking to save money by remortgaging.
Eloise Newnham, VP Partnerships at Habito said: “Buying a home is a huge financial commitment that involves endless different costs - from the deposit and stamp duty to moving costs and legal fees, it can really drain your savings account. Our partnership means that not only can Moneybox customers use Habito’s free service to secure the best deal on their mortgage, but our cash reward also gives them a great savings boost.”
Ben Stanway, co-founder of Moneybox said “We’re delighted to be working with Habito to further support our customers on their journey to buying their dream home by giving them access to free, qualified mortgage advice and a reward. At Moneybox we want to help everyone save and invest for the future by making it simple and accessible to take control of your finances and work towards your financial goals. We have already helped our customers buy over £100m of properties through our Lifetime ISAs, and with the Habito partnership we’re excited to help even more on their way towards homeownership.”
The second phase of the Habito x Moneybox partnership will involve a deeper integration with Habito’s Comparison API which helps customers who are saving for a deposit to calculate what size property they can afford and how much they can expect to pay monthly. Habito’s Comparison API is already live with Emma, the money management app, and Landlord Studio, and helps their customers discover the best mortgage deal for them from over 20,000 products across the market.