Digital mortgage broker Habito has recorded its first ever monthly profit in September, new data has revealed.
In 2022, Habito’s average monthly losses were £897,000, and for the first five months of 2023, they stood at £385,000.
However, with Annualised Losses expected to be £2m for 2023, down significantly from £10.7m in 2022, Habito is on track to reach full-year profitability by the end of 2024.
Ying Tan (pictured), CEO of Habito, said: “Since investing and joining Habito as CEO in May, I have been blown away by the dedication and hard work of the team.
“The passion for the brand and delivering stellar service for our customers is plain to see, this is ratified by our excellent five-star Google and Trustpilot reviews.
“Our customers are at the heart of all we do, and we are on a mission to improve their financial wellbeing and transform their relationship with property and mortgages.”
He added: “I believe we are the stand-out player in mortgages and tech, and we’re firing on all cylinders to achieve our bold and big ambitions.
“It is a long road ahead and the market conditions are challenging but we are very much on the right trajectory.”
