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.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
