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Merger talks between L&C and Habito end – reports

  • 25/07/2022
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Talks to combine L&C’s telephone systems with Habito’s online platforms have ended, it has been reported.

According to Bloomberg, plans to create one of the largest mortgage brokers in the UK through this tie-up will no longer go ahead. 

It was first reported that the two firms were in discussions in April, but neither confirmed or denied the plans at the time.  

L&C declined to comment while Habito said it was exploring multiple options. 

The spokesperson for Habito said: “We can’t comment on market speculation in relation to specific parties but can confirm that we’re exploring multiple strategic partnerships, a number of which are in advanced stages.  

“We look forward to sharing our future plans in due course.” 

Habito recently launched its first buy-to-let tracker mortgages which have no early repayment charges, and a tracker rate for the lifetime of the mortgage. This is available to brokers through L&G, Dynamo, Connect and Tenet.

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