The incentive, which started this week, will last until 28 February 2021.

The deal comes at a time of year that traditionally can be more expensive for landlords, due to more seasonal costs – such as paying for a boiler service or any winter roof-repairs – or void-periods over the festive holidays.

Habito is also increasing its gross procuration fee to 70bps for the same period.

This increased fee is also available to any new brokers joining Habito’s panel.

Habito launched its first range of BTL mortgages in 2019, and this news follows the addition of the L&G Mortgage Club to its distribution network.

Habito’s cashback will be paid within 30 days of completion.

The proc fees will be paid to brokers within 7 days of the month following completion.