Mortgage multi-entrepreneur, Ying Tan (pictured above), will join Habito as CEO (subject to FCA approval) and become a significant shareholder in the business.
The former Dynamo founder and CEO joins the digital mortgage broker as it closes its latest round of funding, led by Tan and supported by Habito’s existing investors, including Augmentum Fintech, SBI Investment, Volution and Bootstrap Europe.
Habito has submitted more than £10bn worth of mortgages and in the first quarter of this year, it has experienced strong volumes despite challenging market conditions and continues to harbour bold ambitions for the rest of the year and beyond.
The new investment will finance the broker’s growth and propel the next phase of its customer offerings.
Daniel Hegarty, the founder and CEO at Habito for the past seven years, will step down from his role but remains supportive of the company's strategy.
Daniel said: “Ying is a mortgage industry titan and a phenomenal operator, and I can’t think of a leader better suited to the role.”
Ying Tan founded mortgage brokerage, Dynamo, in 2006 and grew it to 200 staff before exiting to the property services business, Connells, in 2021.
Tan has since invested in a number of fintech businesses including Propflo and Knowledge Bank, where he is currently non-executive chair.
Commenting on his appointment, Ying added, “I’ve admired Habito from afar since its launch in 2016 and I’m beyond thrilled to have the opportunity to take the company to the next level.
“With the cost of living biting, energy prices sky-rocketing and interest rates at historic highs, it’s more important than ever for UK mortgage-holders and first time homeowners to have access to the best mortgage and home-buying advice.
“2023 is going to be another milestone year for Habito’s brokerage and I’m excited for all that’s to come.”
