Digital Mortgage Adviser: Mortgage advice made easy
This week we introduced the world’s first artificially intelligent chatbot for mortgage advice, called Digital Mortgage Adviser (DMA), to help fill the overwhelming advice gap for Britons today.
There are a vast amount of mortgage options and advice available for homebuyers. Unfortunately, it’s often conflicting and doesn’t take into account all of a customer’s circumstances. As a result, more than half of UK adults think it’s too hard to get a mortgage, while 6 in 10 first time buyers describe themselves as terrified of the process.
We spent the past year working hard on developing our DMA, using our in-house experts and conducting hundreds of advice calls to understand what’s important to the consumer, and what forms the basis of informative advice.
Our Digital Mortgage Adviser is designed to help ease mortgage pain by providing unbiased mortgage advice from any connected device, 24/7.
Too good to be true, you say? Here’s how it works:
1. Use our mortgage calculator to get an estimate of what you can afford to borrow as a homebuyer or save if you’re remortgaging.
2. If you’re happy with the figures, sign up and tell us a bit about yourself. You can use your Facebook or Google account, and be ready to go in two clicks.
3. Meet our Digital Mortgage Adviser. It will ask you a series of questions about your personal life plans and employment as well as explain the impact of these on the kind of mortgage that will work best for you.
Our algorithm will then use real-time mortgage market rates to calculate an indicative monthly payment and allow you to see what the rate could be.
4. At the end (approx. 10 mins) you’ll get a personalised mortgage configuration that includes the term, payment timeframe, and your preferences.
5. The beauty of DMA is once you’re done, you can go back and make alterations to see how your options might change. And if you’re ready, you can move straight onto live chat or book a call with one of our mortgage experts to complete the application.
We’ve built a unique platform that scours the entire market (over 100 lenders) to find the best mortgage for you. Whether you’re a sole-trader, buying your second home, remortgaging, or a first time buyer, you can be sure you’re on the best deal.
Buying a home is one of the biggest financial commitments most of us will ever make, yet getting a mortgage is often also the most painful. It’s time the mortgage application process became the easy part of finding a home.
Our digital mortgage adviser is a huge step forward in making that a reality and bringing mortgages into the 21st century.
Habito is the UK’s digital mortgage broker, using technology to bring the mortgage application process into the 21st century. Honest, transparent and easy, homebuyers can be sure they’re getting the best mortgage on the market for the first time. No jargon, no fees and no misinformation. Visit habito.com and see for yourself what you can afford or save.
