Evidence of Research (EOR)
At Habito, we always recommend the product that represents the best value during its promotional period. This is not always the product with the lowest interest rate, as products with a higher rate may offer better value by having lower product fees or an incentive such as cashback or a free valuation.
In short, the "true cost" of a mortgage is the overall cost of the product during the initial fixed rate period, taking into account any product fees, cashback incentives and, most importantly, the rate.
Sometimes, the product with the best value may not be suitable for your circumstances. In these cases we will recommend the first product that is suitable and give reasons for rejecting any unsuitable options; you will be able to find these details in the section called Reasons for Recommendation on the EOR document provided by your Habito expert.